Those folks in Uncle8888's generation will know what is Snake Oil man or woman.
They would be selling snake oil at any Wayang. First, they would perform some shows or light entertainment with some planted shadow audience as initial crowd to attract the larger crowd. Once the crowd was large enough for real selling; the snake oil would proceed with hands-on demonstration and application. They would persuade and persuade a few very "unwilling" audience from the crowd to step forward and after some observation made by the Snake Oil man/woman and questioning these "selected" audience from the crowd. These "selected" audience would shyly admit that they were suffering from the same illness/diseases that Snake Oil could cure it. Snake oil men/women were excellent speakers. Their words were convincing and soon at least one or two "selected" would buy and more other planted buyers would open their wallet to buy the limited order Snake Oil at special price and the rest (real buyers) would still get the promotional price. Nowadays, we still have Wayang but absolutely no more Snake Oil man/woman at the Wayang! Where are Snake Oil men/women now? Where arh? They have gone to investment Wayang? No?
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.