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As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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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Technical Analysis and Charting
Stock Tips

Thursday, 10 May 2018

Business Leverages And Personal Leverages. (2)

Read? Business Leverages And Personal Leverages.

It is world between personal bankruptcy and private limited/limited company bankruptcy!

Don't anyhow hor!

Personal bankruptcy may drag in the whole family together to suffer!

What do we know about Donald Trump's four bankruptcies?

Trump describes these bankruptcies as if no one was hurt in the process, except high rollers and sharks. He says that he has started hundreds of companies, but only used bankruptcy proceedings four times

He and his family were never hurt by any of these four bankruptcies!


  1. Similarly Rich Dad. Poor Dad also bankrupt once; but he is still multi-millionaire today!

  2. For many small companies in S'pore ... Banks still require the directors to act as personal guarantors for company loans.

    Coz banks know that small companies not much assets & during bad times operating cash flows dry up.

    Hence many small biz men family homes n personal savings are on the line even though pte ltd company. :O


    1. FORMER Nominated MP Chia Shi Teck on Wednesday lost his appeal against being made bankrupt but will hardly go through life as a pauper.

      In fact, in his own words, he will be a “million-dollar bankrupt.”

      This is because Chia, who just turned 55, will have a six-figure sum in his Central Provident Fund if he sells his terrace house in Loyang Rise, which was bought partly with his CPF savings.

      Since creditors cannot seize CPF funds, Chia can technically keep the money.

      Chia, once executive chairman of the Sesdaq-listed garment company Heshe Holdings, owed four banks about $17.5mil (RM37mil) and was declared a bankrupt on July 18.


    2. The moral of story i top up your CPF to the max before venturing out with other pple money.

    3. Under CPF Act, once you withdraw your monies it can be subject to creditors.

      Hence he cannot withdraw a lot ... Maybe just enough to cover very modest expenses.

      Anyway will be managed by official assignee in terms of amount & frequency of withdrawal.

      At least leftover cpf monies won't be part of his estate after death for creditors to go after ... Will go to his nominees for them to enjoy haha.


  3. CW

    Moral of story:

    Front afraid of wolf, back afraid of tiger - read Rich Dad Poor Dad only sees passive income.

    Youths (and those young at heart) who don't know what cannot be done - read Rich Dad Poor Dad only see the advantage of being Business OWners ;)

    We see what we want to see.

    Can't make it in trading say trading toxic.

    Can't study say study so much for what?

    Can't emigrate say those that do "unpatriotic"...

    Can't get married say single life fantastic!


  4. LOL.

    Kong Ka Liu, " Der Hua Hee Tu Ho".

    But knowledge is "power" in financial matter.

    To prevent U from falling into shix hole.

  5. Also to take advantage of the masses for some people.


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