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

Saturday 17 April 2021

When Both Greed and Ignorance Meets; This Can Happen When Greed Overtake!

 Read? Bernie Madoff, mastermind of giant Ponzi scheme, dies in US prison

Read? Singapore Trader’s Lavish Lifestyle Allegedly Fueled By $740 Million Fraud

Read? Posts relating to frauds and scams

Real People, Real Ex-colleagues into Sunshine, Oilpods, Land-banking (one of them even resigned to become full-time agent to get more other colleagues into this land-banking fraud. More died together! It had to be really good because someone has gone full-time!)


3 comments:

  1. Friends and relatives who own self stupid not enough, want to drag others into glue factories and abattoirs...


    Next time someone jio you to join them for good, better, best lobang, lean over and whisper enquire how much they are making from their "best intentions" milking and fleecing!

    It could be so lucrative that some of you might want to join as shepherd too!

    ReplyDelete
  2. At least Madoff's investors managed to get back 75% of their money so far. One of them is a retiree that I know from church.

    Regulators & liquidators are still chasing down & liquidating whatever remaining secret assets, so investors may finally get back 80%-85%.

    But it took 5 years before the first dollars started to be returned to them. By then quite a number of the investors had committed suicide.

    ReplyDelete
  3. Uncle 8888

    I don't know why let me thought of this sentence " I eat salt more than you eat rice."

    In the end become salty fish.

    ReplyDelete

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