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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Saturday, 25 March 2017

Why I Don't Lend My Money Via P2P???


Read? How to become rich in stocks??? (29)

Peter Lynch:

 You don't need a lot in your lifetime. You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.
I think the secret is if you have a lot of stocks, 

 some will do mediocre, 
some will do okay, and 
if one of two of 'em go up big time, 

 you produce a fabulous result.  
CW8888:

 In lending money via P2P to earn XX% interests and feeling shiok is like making the Inverse of Wise Words from Peter Lynch becoming true!
Most of time; you earn fabulous interests; but if a few of them go default; you may return most of your fabulous interests in your lifetime of lending.

 Wu Hua Bo, Bro?




Posted by Createwealth8888 at 09:28
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4 comments:

  1. Createwealth888825 March 2017 at 09:35:00 GMT+8

    Retail lenders are different from retail traders & investors. They like to believe they are above average when come to picking up their selected transactions.

    ReplyDelete
    Replies
    1. Singapore Man of Leisure25 March 2017 at 10:20:00 GMT+8

      CW,

      With junk bonks, at least there's chance for capital gains if interest rates go down.

      Can also buy Credit Default Swaps for insurance (OK, may not be applicable in SG) to hedge against defaults.

      P2P lending is more for those with less than $250K to "lend".

      Krill although tiny, if grouped up into a ball, still makes a nice meal for a whale ;)


      Delete
    2. Createwealth888825 March 2017 at 12:00:00 GMT+8

      Many still confuse lending for interests as income investing. They thought same same. Walau!

      Delete
  2. Createwealth888825 March 2017 at 13:52:00 GMT+8

    How to be Venture Capitalist" in "SGX Catalist Board"?

    ReplyDelete

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