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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Monday, 20 November 2017

Singaporeans Have To Educate Themselves On Investment Scams???


Education is NOT the key to avoid investment scams. Folks need to stop becoming Yield Pig GREEDY!

 Any investment scams are likely to start with above 1X% yield AND some dividends MONEY BACK to your pocket first in the first few months to bait YOU to do referrals to your family members, relative and close friends. 

 Got good lobangs must share with our loved ones and friends. 

 Right?

Posted by Createwealth8888 at 09:52
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4 comments:

  1. Singapore Man of Leisure20 November 2017 at 11:32:00 GMT+8

    CW,

    And these folks don't watch the news or newspapers...

    What? You mean there's a thing called ponzi scheme?

    Eh? Got MAS investor alert watchlist?

    http://www.mas.gov.sg/IAL.aspx?sc_p=A


    ReplyDelete
  2. Singapore Man of Leisure20 November 2017 at 13:31:00 GMT+8

    temperament,

    Bernie Madoff this kind I'll tip my hat off to him.

    He even fooled the regulator, savvy millionaires, sophisticated investors, fund of funds pros, etc.

    Why?

    Bernie never promised 20% returns a year. He just "returned" a respectable 10% consistent return year after year. Which is not that much different from the 8% so called "long term" return that quite a few bloggers have parroted.

    Hey! Even CW's returns is not that far off from Bernie Madoff's! LOL!

    This kind I have nothing to say if scammed. The scammer too high level :(


    But c'mon! Most of the scams in Singapore aren't even "sophisticated"...

    If you want to be "politically correct", you can call them "intellectually challenged", "children of the soil", "God's special people" or whatever sounds nicer.

    Whenever I'm fooled (and I had been at work and in the markets), I'll readily admit I'm idiot, stupid, dumb, naive, gullible, air-head, low IQ, slow, dim-witted, and so on. On myself, I rather not sugar-coat it. Why be condescending and patronise myself?

    I rather practice: Fool me once, shame on you; fool me twice, shame on me!


    I see gullible customers every weekend. These are the customers who approach promoters and ask which brand is the most popular or what brands to recommend to them?

    Its like flashing a big neon sign above their heads: "I'm a bei kambing".


    "Scams" need not be about investments.

    We can see it in everyday life.

    False prophets, politicians who promise free this free that (lucky majority of Singaporeans reject these snake oils; we vote for big daddy that raises taxes and tariffs), "friends" who borrow money but never repay, and best example of all:

    financial freedom seekers who pay hundreds to thousands in course fees for information they can easily get from XXX for dummies books.

    And the most GULLIBLE of them all - those who really believed EVERYONE and ANYONE can be successful in investing!?


    No, I have no time to be a bleeding heart. I'm busy making sure I'm not on someone else's menu!


    ReplyDelete
  3. sleepydevil20 November 2017 at 19:02:00 GMT+8

    The concept behind the equation is - Greed. Everyone wants more. No wrong. But whether you got the big head for the big cap :p

    ReplyDelete
  4. hyom20 November 2017 at 19:49:00 GMT+8

    One rule I keep in mind that saved me from investment scams. Invest only in regulated products. Unfortunately, this rule also kept me out of bitcoin. Nevertheless, like CW said, don't be greedy. If the price of being safe from scams is to occasionally miss out monstrous trades like bitcoin, so be it.

    ReplyDelete

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