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24-01-2013, 10:12 PM
Retrenchment is a emotional event- I was called in my boss office. "There going to be departments merger, right now there are 15 headcount, we need to let go 10. Who do you suggest ?" Some of them are my friends, I have colleagues who have heavy financial commitment...its a emotional decision...
There are alot of Pre-IPO during 07, although most of us are financially trained, but we invest it base on trust. When market turn ugly, we are told the investment is gone. I investigated further and realised there are simply too many questions remained unanswer... I trusted someone whom will scrafice friends for personal interest. I can only blamed myself, I should do all the investment due diligence myself, not on trust.
During the market crash in yr08, all the stocks fall almost weekly basis. I have a close friend got into trouble on stock margins financing. He is in financial stress on top-up his margin calls , even to the extend utilising all his overdrafts. I have lend him $$$$ to top up margin calls for months and even to the extend of paying his overdraft monthly payments for months. Three years later, he then disclosed he bought a District 10 Condo during yr08 and made almost $1M by selling now. He used me to finance his leverage, I endup losing my opportunities cost.
There are alot of Pre-IPO during 07, although most of us are financially trained, but we invest it base on trust. When market turn ugly, we are told the investment is gone. I investigated further and realised there are simply too many questions remained unanswer... I trusted someone whom will scrafice friends for personal interest. I can only blamed myself, I should do all the investment due diligence myself, not on trust.
During the market crash in yr08, all the stocks fall almost weekly basis. I have a close friend got into trouble on stock margins financing. He is in financial stress on top-up his margin calls , even to the extend utilising all his overdrafts. I have lend him $$$$ to top up margin calls for months and even to the extend of paying his overdraft monthly payments for months. Three years later, he then disclosed he bought a District 10 Condo during yr08 and made almost $1M by selling now. He used me to finance his leverage, I endup losing my opportunities cost.