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.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 19 June 2020

Understanding Stock Market Risks - Financial Fraud Risk is real! (4) - Right time to refresh!


Read? Understanding Stock Market Risks - Financial Fraud Risk is real! (4)

 Read? Wirecard says it cannot rule out 'fraud of considerable proportions'

You can see that it is NOT S-chips!


Financial Fraud Risk is Real

 Like honesty, we cannot assume that there is no financial fraud risk in our invested companies. All investment by nature are risky and financial fraud risk is real. This risk can never be analyzed by anyone and not even by world-class analysts or board members. So it is wise for us to protect ourselves against this risk through good portfolio management.

 The truth about 3Ms in investing!

 It is wise for us to protect ourselves against this risk through good portfolio management.

 Too many retail investors are seeking the holy grail of Method in investing either through FA, TA or FATA. But; the true holy grail is ...
Method, Mind and Money Management

 No matter how smart or how experience we are; we cannot analyze frauds from publicly available data and disclosures! NEVER!

 The only true Holy Grail that will save us from destruction is ...

Not sure how many retail investors are seeking this Holy Grail?

 The best of this Holy Grail; you DON'T have to seek "Gurus" to attend investment course to find it!

You get it?


 



Posted by Createwealth8888 at 11:16
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4 comments:

  1. Spur19 June 2020 at 12:04:00 GMT+8

    So short sellers & some analysts were right after all lol!

    To think that the company even managed to convince the German authorities to ban short selling of its stock for sometime & to charge some of the short sellers for stock manipulation.

    German court drops case against Wirecard short seller

    PS: Quite a lot of restaurants here use Wirecard payments system. Kekeke!

    ReplyDelete
    Replies
    1. Createwealth888819 June 2020 at 18:43:00 GMT+8

      Wirecard was a welcome technology success story in Germany, which made its name in heavy industry. But its fortunes unravelled after a whistleblower alleged that it owed its success in part to a web of sham transactions.

      Short sellers have insider info? :-)

      Delete
  2. Createwealth888819 June 2020 at 18:36:00 GMT+8

    Live local and eat local! Happy can oredi! No need to compare with others.

    ReplyDelete
  3. Siew Mun19 June 2020 at 19:54:00 GMT+8

    Ha.. we have hyflux, Eagle and Chinese stocks.

    ReplyDelete

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