Is private banking anything special

In today's New Paper, Dr Money tells about his experience in visiting a private banker with his friend.

They were introduced to an investment product that earned a return of 39 percent in 2006. This product is to issue structured products to be sold to retail customers in the bank. The issuer is able to earn such a high return, because the retail purchasers of the structured products get a poor return.

To find out more, you should read the New Paper, Monday 19 February.

Many people have learned from their personal experience that the structured products offered a poor return. Now we know the reason. The product issuer made an average return of 39 percent, taken from the reduced return of the retail customers.

Advice: Do not invest in structured products.