Read? Got cheated on Land banking, Oilpods, etc?
Read? Bao Jing Trading Bites the Gold Dust
We have cheats on Oil, Land banking, this time is Gold, what next?
Don't be a Yield Pig on non-transparently traded financial products that promised good yield with little risks. Such investment cannot exit in the free market as the owner-holder is not that stupid to easily share it with others.
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
6 days ago
If it sounds too good to be true, it probably is.
ReplyDeleteMy housing agent told me that she paid for $10K worth of physical gold from some company in town but only received $6K worth. The promise is that she would get 25% yield every 3 months on her $10K investment, if I remember correctly.
I told her that the scheme was very fishy as gold does not generate cashflow and I wondered how they could give her 25% yield every quarter.
She said that she has received the promised payout twice so far. I told her she is essentially taking back her own money plus a bit more. Anyway, at least her capital is safe now.
Most people are not questioning enough when it comes to investments or if they are, they put forth the wrong questions.