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!

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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

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Sunday, 4 September 2011

Don't be a Yield Pig!

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.

Posted by Createwealth8888 at 04:15
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1 comment:

  1. AK714 September 2011 at 08:19:00 GMT+8

    If it sounds too good to be true, it probably is.

    My 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.

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