3 articles found
Financial gurus keep telling you that used cars are the smart buy. We tear apart the hidden math of the lemon market, the 15% loan shark rates from in-house financing, and the repair money pit — then run the real compound-interest numbers to show why your 'savings' can cost you NT$2.6 million in lost wealth.
Xiao Chen, an entry-level office worker, was drawn into the no-capital day-trading myth. After loading up on a hot thematic stock and getting locked at the daily limit-down, he faced a NT$2M settlement default two days later. Settlement default is not just a trading ban — it leaves multi-year credit stains that block credit cards, mortgages, and can trigger wage garnishment. This article breaks down how the system is structured and what disciplined long-term investors do differently.
In Taiwan, co-signing a loan for a relative is a financial nuclear bomb disguised as family love. The moment you waive your right of first defense, you're demoted to a primary debtor on equal footing with the borrower. We unpack real horror stories and give you 4 elegant scripts to refuse, once and for all.