Same story line and yet people believe them???

During Oil Rush, we have OilPods

During Land Rush, we have LandBanking

During Gold Rush, we have Genneva Gold

During the next Rush, we have something else ..




Read? When will people stop believing in easy money making investment stories or courses?


When you lose money trading or investing, you have Trading or Investing courses that promise easy method, close one eye, not much effort required.

You can join The Round Table of Experts in weeks and if not months. The only consolation is that these Gurus are much less evil than Founders of OilPods, LandBanking and Genneva Gold, where $XXX,XXX or $X,XXX,XXX of people's hard-earned money are wiped out.


HIGH RISKS HIGH RETURNS


How many people understand the true meaning of High Risk High Return?

High Risk High Return doesn't mean losing part of your investing capital.

It ACTUALLY means you could potentially LOSE YOUR WHOLE INVESTING CAPITAL!!!


Can you take it or not?

Investors cry foul over firm's oil bunkering scheme

Investment scam will repeat in another form. How different from OilPods?

Just different victims!

Read? plaintiffs had lost US$45,000 in a dubious product sold by Mark and Oilpods

Read? Investors cry foul over firm's oil bunkering scheme

Read? MAS: Don't trade in binary options on unregulated platforms (2)

Better safe than sorry: Resist urge to invest in too-good-to-be-true schemes

Read? Better safe than sorry: Resist urge to invest in too-good-to-be-true schemes

...  Such investment scams are usually managed by people who hold meetings in posh offices and hotels, which boosts their public image and lend credence to their products.

Some investments appear to provide some form of insurance, which investors wrongly believed could protect their capital.

Many of these investors then invited family members and friends to participate, partly because there are commissions to be earned when they refer fresh candidates and partly because they truly believed the schemes were bona fide.


Real People. Real Losses

CW8888: Oilpods scam; one ex-colleage's spouse, siblings and close relatives all die together!

..... 

One 55-year-old investor who put almost $40,000 into an oil bunkering scheme, expecting 15 per cent monthly returns over eight months, recalled how stressful the experience had been for her. In her case, her nightmare began after receiving just two payouts.

When the payouts dried up, dark thoughts consumed her mind and she went through an emotional roller coaster with feelings of anger, rage and depression, and countless sleepless nights. She also despaired as it was a friend who had referred her to the scheme.

She was subsequently diagnosed with Stage 2 breast cancer. After surgery and six weeks of radiotherapy, she counted herself fortunate that her condition has stabilised and she is on a five-year anti-hormonal pills regime.

INVESTING WITH MONEY YOU CAN AFFORD TO LOSE

A 45-year-old investor borrowed $400,000 from a credit line as the principal sum for her investment in a scheme. When the scheme collapsed, the monthly interest portion of the debt was a staggering $8,000, which devastated her.

Another took a loan from his 25-year endowment insurance plan to fund an investment. If he had not taken the loan against the policy, the potential maturity proceeds would have been about $100,000 when it matured last year.

Instead, his maturity proceeds were just $20,000. This means that the premiums he had saved in his insurance policy for the past 25 years had gone down the drain.

ONCE BITTEN BUT NOT TWICE SHY

The adage "once bitten twice shy" does not hold true for some retail investors. One medical doctor admitted to me that he had lost his money twice to schemes that turned out to be run in a Ponzi-like manner.

In a Ponzi scheme, people are enticed into investing by the promise of high returns. The returns, however, are paid out of funds from new investors entering the scheme. It all goes swimmingly until the flow of funds dries up when the operator is unable to get enough new investors to pay off the older ones, and he flees with the money.

Another investor in her 60s had parked more than $500,000 in binary options but has not been able to withdraw any returns nor her capital.

To make matters worse, she lost more money when she tried to retrieve her money through an overseas agency that claimed to have helped other binary option investors trapped like her.

Real People. Real Losses

CW8888: Time-sharing scam; one ex-colleage lost money his money. One agency stepped in and called for a meeting for investors to put up $5K each and collectively the agency would have enough fund to fight the case and retrieve some lost money. 

The Agency subsequently also disappeared.

Beware! There are scammers looking for a kill and scavengers looking for your dead bodies too.


In her bid to recover her retirement savings, she had responded to an individual who claimed to work for an international police agency who linked her up with a hacker.

She forked out $10,000 on the hacking software but nothing has materialised. In addition, she is considering legal help from the US but has been told to pay a high initial fee.

BACK TO BASICS

A former classmate has been encouraging me to sign up for an overseas-based scheme where so-called professional traders will deal in blue-chip US stocks on my behalf. It is not regulated by the Monetary Authority of Singapore.

The initial investment sum is US$10,000 (S$14,035) and my friend claimed the trades have made him richer by achieving about 7 per cent monthly net returns.


He also earns commissions by referring investors to the scheme; his parents and siblings have joined.



CW8888:

Why it can happen to retail investors?

Fear of losing OUT is the Greed that is even more fearful!


Until they have close friends or relatives whom they can trust to be financially savvy and competent to seek for alternative views before investing. Many more sad cases will continue to happen! 

You may read; but it may NOT hit your heart hard enough to truly understand it!

Bo pian!

Investment Scams and Frauds. Any difference? Just Repeating In New Forms!

Read? Police warn of fake website claiming to help FTX investors withdraw crypto funds

Any difference?

According to the police, the fake website is supposedly hosted by the US Department of Justice and prompts FTX customers to log in to the website with their account details.

It would then claim that customers "would be able to withdraw their funds after paying legal fees".

Real People. Real Losses

CW8888: Time-sharing scam; one ex-colleague lost money his money. One agency stepped in and called for a meeting for investors to put up $5K each and collectively the agency would have enough fund to fight the case and retrieve some lost money. 

The Agency subsequently also disappeared.

Beware! There are scammers looking for a kill and scavengers looking for your dead bodies too.

Read? People are gullible to believe whatever’s told to them': Inside the mind of an ex-scammer

Luna and FTX. Juicy yield!

Read? Better safe than sorry: Resist urge to invest in too-good-to-be-true schemes

Real People. Real Losses

CW8888: Oilpods scam; one ex-colleage's spouse, siblings and close relatives all die together!

Write It Off To ZERO! No Big Deal And Then Move On!

FTX bankrupt! Big deal? Even oppo MPs also kpkb on Temasek in parliament liao!  

Read? Lost Your Money In Hyflux???

Read? Got cheated on Land banking, Oilpods, etc?

Read? Understanding 7 Common Stock Market Risks As Retail Investors

Read? Understanding Stock Market Risks - Financial Fraud Risk is Real! (5) - Refreshing

Read? Investment Scams and Frauds. Any difference? Just Repeating In New Forms!

Good deals with high returns will never come to retail investors.

The main purpose of any investment product is to raise fund to meet the investment objective.

So whenever there are good deals with good returns; private bankers, investment managers, deal-makers, private-equities and specialists everywhere will be fighting among themselves and rushing to their rich clients to offer them and they will have no problem in raising the required fund.

These investment managers are well aware of the consequences of selling to the rich clients misrepresented bad deals!

Only for deals that may turn potentially bad or negative that these investment managers will have no other choices but to spend time and efforts to organize road-shows to sell them to retail investors e.g land banking, oilpods, etc. 

This is common sense in the investment domain. The rich clients are given first right of refusal for any investment opportunities. Why retail investors don't seem to understand it? 

Good deals with high returns will never come to retail investors.

Avoid any investment products that promise high returns; 
but are sold to retail investors.

Avoid them or else you may get roasted!

The Secret To Build Wealth That Is NOT Known Or Shared By Other Investment Bloggers

Saving more than XX%?

Invest more?

Compounding investment return at X or XX%?




Ya!


On theory!

Yes!


But ... The SECRET!





What Uncle8888 has realized from the "rational" and practicing wealth builders on the ground who are now in their late 50s and 60s; the SECRET to build wealth in their 30s or 40s ..........








Don't lose money on their investment or get scammed (e.g. Oilpods, Landbanking, Time-sharing, etc)!

Don't invest just to break-even!

Don't be a Yield Pig!

Read? Got cheated on Land banking, Oilpods, etc?

Read? Bao Jing Trading Bites the Gold Dust

We have cheats on Oil, Land banking, this time is Gold, what next?

Don't be a Yield Pig on non-transparently traded financial products that promised good yield with little risks. Such investment cannot exit in the free market as the owner-holder is not that stupid to easily share it with others.

Got cheated on Land banking, Oilpods, etc?

Stop getting cheated on these alternate investment and thinking they are much safer than investing in stock market.

At least in the stock market, the control of your investment lies in your hands. If you can learn and manage your portfolio and money management properly, then it is less risky than expected in terms of risk-reward.

You need to understand that ALL investments by nature are risky and can potentially cause you lose some or all your investing capital. Even if you get it right over several years, but somehow by over-staying in the market; and when the market turns, what was previously right became wrong or when suddenly you need to meet unexpected expenses and have to cash them out at the adverse market conditions.

Investment By Nature is Risky

Believing Bullshit!

Just For Thinking ...


Borrow the idea from La Papillion

** "BIAS" is a special feature in my blog where I get to say whatever I want with scant regards for your feelings. I'm not politically correct in this feature, so go ahead, judge me."

Uncle8888 is going to do another BIAS post!



Believing Bullshit!

Read? Don't be one of them!


We see and we read. We hear and we listen. Most of us will not believe in bullshit!

But, when come to investing and trading, some of us tend to believe in Bullshit!


In the market .....

When we want to buy, somebody must sell.

When we want to sell, somebody must buy.


Don't be stupid and believe in bullshit!

Nobody is stupid not to make good and easy money for themselves.

Why share and limit their wealth building capability?

It is 100% true for low liquidity investment instrument and low volume stocks!

The truth is ....

When somebody is willing to share it.


They have bought enough or they are NOT buying themselves. They are just trainers earning course fees by shouting tips.

BTW, nobody ever remember that they are wrong. They are easily forgiven since they are not God.


Those "investors" who lost their money in oilpods, landbanking, Sunshine Empire, Gold, etc...

They lost their money by believing Bullshit and then blame Government for not protecting them???

Got such thing meh???

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!)