I FULLY agree with the views expressed by Mr Gilbert Goh Keow Wah in his letter, 'Failed investors should not look for scapegoats (my paper, Nov 4).

Investors should be responsible for their own investments. No one can force an investor to sign a contract or to part with his money just because a relationship manager (RM) advises him to do so.

It was only their desire for higher returns that made investors dump their cash in structured products. It is understood, even among the illiterate, that one must not sign on the dotted line if one is unsure of what one is signing for.

During this unfortunate crisis, those who were affected blamed financial institutions and RMs. Would these investors have split their gains with financial institutions and RMs if they had made some? What shocks me is that
even those with no or little education dared to invest their funds in products which they could not understand.

By Ms Chua Kim Choo

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