Proper Financial Advise is Necessary for CPF Investments

I find it difficult to sympathise with stupid people.  When we have cases like this, the primary cause seems to be greed.  There is little to fault with the system.  There are levels of compliance, and a balanced scorecard system.  There are thousands of financial advisors working for banks, fund houses, and insurers.  There is a fact find and KYC system.  And yet, we keep hearing of many cases where people invested in something that promised them ridiculous yields, without considering the plausibility of it.  Greed blinds people to consequences. 

In general, it is important to understand risk tolerance, investment horizon, and the nature of the investment.  What is the underlying asset?  What if there is a turn in the market?  What about political risk, and currency exposure?  This is why there is a need to have proper financial advise.