The risk of getting a big loan to fund retirement

Early last year, if someone said investing in the aviation industry could produce huge profits, few people would have doubted such an assessment, but the Covid-19 pandemic has shown that trouble can happen any time, says the writer.
Early last year, if someone said investing in the aviation industry could produce huge profits, few people would have doubted such an assessment, but the Covid-19 pandemic has shown that trouble can happen any time, says the writer. ST PHOTO: JASON QUAH

Want a passive income of more than $1 million by making a relatively low cash investment of less than $200,000? Roll right up, have we got a deal for you.

You can supposedly achieve this dream retirement plan by using other people's money such as a bank loan of about $500,000.

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