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



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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

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

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Wednesday 24 July 2013

Low probability of success; high demand : Give you damn good example here!!!


Just For Thinking ...



Read? Low probability of success; high demand

SMOL wrote:

But something strange happens when it comes to speculation. I use this word precisely to demonstrate when we substitute it with words like investing or trading, somehow we will park  our common sense at our homes. 

Proof?

How then do you explain why people believe the spin at seminars when snake oil salespersons say if you follow their easy to follow steps, anyone and everyone can emerge as winners?

If you have attended these "free" previews, you would know what I mean.

 I would have thought alarm bells would be ringing out loud!

 I mean if anyone and everyone could do it, shouldn't the payout be something similar to "minimum wage"? 



More proof???


The proof is in the Number of Testimonials published by the "Gurus" themselves.


How many testimonials being published by the "Gurus" on each day?

Did you see tons of them?


No, No, No!!!

Once a while, you may see one testimonial being published.


Not Low probability of success;

high demand (classes after classes of graduates);

then WHAT???













Posted by Createwealth8888 at 19:59
Labels:

2 comments:

  1. Singapore Man of Leisure24 July 2013 at 21:35:00 GMT+8

    CW,

    To be fair, there are sincere trainers out there who do tell the truth:

    1) They remind potential students that's it not a get rich fast course.

    2) And 90% of traders/investors lose money.

    3) They merely provide the tools to newbies. Nothing more; nothing less.

    4) And it's only meant for students who are willing to put in the time and effort to be the 10%.

    ReplyDelete
    Replies
    1. CreateWealth888824 July 2013 at 21:38:00 GMT+8


      90% of traders/investors lose money.

      So "Gurus" have already clearly stated "Low probability of success!"

      LOL!

      Delete

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