I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Saturday 31 July 2010

Smart Money Grabbers over dummy investors - IV

Read? Smart Money Grabbers over dummy investors - III

SINGAPORE: The head of the now-defunct multi-level marketing firm, Sunshine Empire, 49-year old Phang Wah has been sentenced to nine years' jail and fined $60,000.

He was convicted earlier this month on July 16 for several offences, including running a fraudulent trading company and falsifying accounts.

Phang's 46-year-old wife, Neo Kuon Huay was also fined $60,000 for her involvement in what is believed to be the biggest Ponzi-like scheme in Singapore.

The ex-company director, 29-year old Jackie Hoo Choon Cheat was sentenced to seven years' jail.

Phang and Hoo are each guilty of eight charges related to criminal breach of trust involving nearly a million dollars.


This type of scam is so bloody evil as it sucked in family members, relatives and friends into it and all of them die together and who else left to help them?

No matter how good the investment product including so-called solid blue chips, husband and wife, parents and children should avoid investing all together in the same investment product or stocks as part of family risk management.

Stop thinking "your money is your money" and "my money is my money" and "I want to make money for myself" and especially for husband and wife ...

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