I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Monday, 10 October 2011

Memory of Asian Financial Crisis is back!

Createwealth8888: One of my relatives almost went bankrupt due to heavily into this share loan financing by pledging existing shares as collateral in order to make borrowings to maximise the potential of investments during Asain Financial Crisis.

Hong Leong Finance offers 1.5% interest rate


By CARINE LEE

Hong Leong Finance on Monday announced that for a limited period, customers who take up Express Share Loan for a three-month tenure with a minimum of $10,000 loan will enjoy a special interest rate of 1.5 per cent.

Hong Leong Finance offers 1.5% interest rate to celebrate its golden jubilee

Express Share Loan is a short-term secured credit facility which allows customers to pledge existing shares as collateral in order to make borrowings to maximise the potential of investments.

This offer is extended in conjunction with the finance company's golden jubilee, where its customer service staff will don three-piece gold coloured jacket suits in place of grey uniforms.
Posted by Createwealth8888 at 19:45
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2 comments:

  1. FF11 October 2011 at 00:17:00 GMT+8

    Interesting. How does this actually work? I guess if you can't pay up, they will take away your shares? Or if your shares fall below a certain value, they will ask u to put more collateral?

    ReplyDelete
  2. Createwealth888811 October 2011 at 10:32:00 GMT+8

    Many people may think that 1.5% is an easy target to beat. LOL

    ReplyDelete

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