The Govt should NOT bail out Hyflux

I read this post by Blade Knight from Dividend Passive Income talking about the Hyflux shitshow.

As many know, I rarely go out of my way to call out really trashy investments, because let's face it, a lot of investors are irrational and will gladly and happily buy up stupid shit. Just because something is terrible fundamentally, does not mean that it cannot be a good investment. Plenty of examples in crypto of pure dogshit going to the moon and making early investors 10-100x their investments.

But Hyflux and Noble are my muse. I go the whole nine yards just to shit on them.

I've been talking shit about Hyflux since forever, nicely summarized in this post, where I am *completely shocked* about what happened to them. Not.

The Government should NOT bail out Hyflux.

Replace Hyflux perpetual bonds / preference shares / stocks with ANY other investment, and you can see how ridiculous this notion is of thinking that the government has a role to play.

There was no misrepresentation.

I wrote about how terrible it looks BEFORE the offer closed. Don't say that G is not a bro and didn't warn you. GMGH got your back.

Risks were clearly highlighted in the Product Highlights Sheet. Even way more detail on pg 9-10.


It was a shitty investment into a shitty company.

Plain and simple. Clear as day.


Investors got greedy.

Investors get rekt.

Investors SHOULD get rekt.

The government should NOT be bailing out aggressive risk-seeking investors.

Investors need to wisen up the fact that every INVESTMENT has RISKS.

It is up to the individual investors to discern if those RISKS are compensated with enough RETURNS.

If no bond could ever go belly up, then I guess everyone involved in the bond market is mega retarded for not buying the highest yielding shit bonds in the market, right?

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