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.

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Value Investing
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Tuesday, 10 June 2014

Smart Money Grabbers over dummy investors (6)



Read? Smart Money Grabbers over dummy investors (5)


Bagus!!!

They are the Right hand. Greedy or naive investors are the other Left hand. No?

 

SINGAPORE: Two directors and shareholders of Profitable Plots were on Monday (June 9) convicted of conspiracy to cheat investors of about S$979,000.

Timothy Nicholas Goldring was handed a seven-year jail term, while another director, John Andrew Nordmann was given eight years' jail. Nordmann's wife, Geraldine Anthony Thomas, was acquitted.
District Judge Chay Yuen Fatt found that Goldring and Nordmann had dishonestly represented the investment scheme, known as Boron CLS Bond, to investors. The Britons had told investors their funds would be used for the purchase of Boron products, but the bulk of the money went to Profitable Plots’ operations and other expenses. They also told investors the Boron products had been pre-sold to major corporations, but this was not true.

Each of them had faced 86 charges for cheating investors of over S$3.1 million in total. However, the Prosecution proceeded on a joint trial of 18 of the 86 charges, with the remaining 68 charges stood down for the time being.

Both men plan to appeal.



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