Investment Talk

[Dino Bravo]

Originally posted by Sky99@January 07, 2007 10:40 am

Anyone heard of such investment which u invest 3k. every mth get back $300 . for 12mths. u get back 3.6k. so u earn $600. that's confirm . and if the project is successful . u get 30k. my bro have been bugging my parents to invest. is it too gd to be true?

This should be the taiwan project. some MLM company which i think i shouldn't name, is trying to make some city in taiwan wireless...

well, at first i was excited when i heard about it. but i gave up after meeting and speaking to a few of the "so called managers" for just a few times.

 

there are countless questions they cannot answer me. one of the most basic is that if the project fails, how do i make sure the company keep their promise. he cannot answer.

i told him straight in the face that i have no confidence in his company. and there is no "black and white", and the worst thing being the contract paper doesn't even look professional. even the documents i signed at my bike shop has more standard. ok i know that "professional look" doesn't mean anything. but we are talking about 5-digit to 6-digit sums here, a 14yr old could come up with a better kind of ducoment.

asked him how he could convince me, he showed me some lengthy boring video over his lap top, and showed me a PHOTOCOPY of a document he claimed signed by some mayor in taiwan. asked to see the original, he say cannot access to... i mean WTF, just all this to convince me?

 

i had friends who had invested in it. and yes they do get back money every month.

but i'm not gonna risk a few thousands in something that has no solid background or whatever you call that. its just like i borrow a sum of money from you, and i say i will pay you back, no black & white documents no nothing. just my words. i pay you back abit, and after that i run away who knows.... that kinda feeling...

 

well... it all boils down to... that he couldn't convince me. and couldnt' feed me with the information i wanna know.

Adam Khoo once said, it is a very big risk for you if you do not have enough info, even if its a solid good deal

Rich Dad says... a fool and his money are soon seperated

if it sounds too good to be true, it probably is...

 

i'm NOT saying that this investment thingy is a scam... it does pay you back, but we dunno what they have in mind for your money as it is not transparent at all.

try talking to them, anyone of them, and you can sense that either they themselves dunno what is clearly going on (the juniors), or they are trying to hide something (the senior managers)

i'm trying to say that for that few thousands that you gonna risk, might as well put it to betta use for long term purpose and discover the magic of compound interest over time.

who knows, you invest your few thousands, in hope to make a killing. in the end they shoot you in the arse and tell you it wasn't sucessful. and you only gain that measly amount of $$$ COMPARED TO WHAT YOU WERE PROMISED. which might be what they have planned in mind in the first place.

there's no clause in the contract that stated that they MUST pay you. i read it over many many times....

sorry for being a wet blanket to those who have invested. but i personally think it wouldn't work out. if it works... then i bang balls... and we have alot of rich singaporeans...

[Sky99]

Originally posted by Throttle@January 08, 2007 08:00 pm

Sky, in that case, can I borrow money from the company to invest in it?

since they are 100% sure of their own product.

 

They can charge me 10%pa no problem, i would like to borrow not much, just $3mil. Then I use the money that they lend to me to put with them, can?

 

Since they guarantee the returns themselves then they should give their own product 100% collateral value.

 

So I borrow from them at exhorbitant tates of 10% per year.

I will pay them $300k in interest. No problem.

 

But since the minimum return is 20% as you said, then at the end of 1 year, they have to pay me $600k min.

 

Of which, they can keep half as my interest payment to them.

 

If they dont pay me I dont pay them.

Ok? I'm fine with that. where can I sign?

 

HAHAHAHAH

Btw i am not sure if they lend ppl money lei . i heard from my bro that the company unable to borrow $ from the bank. so they ask ppl invest. u guys might think. WAH. bank dun borrow them $. then how can they confirm they surely can pay me back. i also duno lor. i think they got black and white. and there still got 1 more. invest 12k. and u get back 1k+ per mth .

[Throttle]

I'm just mocking the whole thing lah, you think i really bother?

 

wah lau eh, your brother sibei naive.

You are excusable becos you are young and ignorant.

please dont learn from your brother.

Bank dont lent them money for a good reason.

 

I'm not saying that this whole thing will or will not work but just becos they claim high returns, greedy fools soon part with their money.

The formula for taking money from fools is simple, just work on their greed. muayhahahahaha

[xiaowang]

I second that, Throttle bro.

[okl]

the man to look for when it comes to money, turn on throttle.

[Throttle]

You make me sound like a loanshark leh, OKL...hehheh

 

but seriously, different people with different levels of wealth and different background treat investments differently.

 

There actually really isnt a right or wrong but it does define the winners vs the losers.

[dinie]

not to barge in the topic or wad.. but ive been wanting to try this for months.. you noe how we spent on luxuries such as ciggs, clubbing, alcohol etc etc.. so for the fun of it and to explore probability at maybe its highest extend, why not we all pool disposable cash which we normally waste on luxuries of at least $50 and buy TOTO quickpick ordinary tickets? so if 10 ppl share, tts 500 dollars and 1000 combinations of 6 digits.. who noes? we mite get lucky.. like i said its jus for the fun of it.. tho 50 bucks is still cash but as mentioned before, we spend more than 50 bucks everytime on unnecessary stuff if u get wad i mean.. i hope u guys dun think im trying to be funny or wad.. but seriously... u nv noe.. interested parties can PM me and let's try to get at least 10 ppl.. if in the end win only 20 dollars, at least can pump one litre of petrol for each person.. haha.. cheers..

[xb84]

Originally posted by dinie@January 14, 2007 05:08 am

not to barge in the topic or wad.. but ive been wanting to try this for months.. you noe how we spent on luxuries such as ciggs, clubbing, alcohol etc etc.. so for the fun of it and to explore probability at maybe its highest extend, why not we all pool disposable cash which we normally waste on luxuries of at least $50 and buy TOTO quickpick ordinary tickets? so if 10 ppl share, tts 500 dollars and 1000 combinations of 6 digits.. who noes? we mite get lucky.. like i said its jus for the fun of it.. tho 50 bucks is still cash but as mentioned before, we spend more than 50 bucks everytime on unnecessary stuff if u get wad i mean.. i hope u guys dun think im trying to be funny or wad.. but seriously... u nv noe.. interested parties can PM me and let's try to get at least 10 ppl.. if in the end win only 20 dollars, at least can pump one litre of petrol for each person.. haha.. cheers..

:offtopic:

[Throttle]

Originally posted by dinie@January 14, 2007 05:08 am

not to barge in the topic or wad.. but ive been wanting to try this for months.. you noe how we spent on luxuries such as ciggs, clubbing, alcohol etc etc.. so for the fun of it and to explore probability at maybe its highest extend, why not we all pool disposable cash which we normally waste on luxuries of at least $50 and buy TOTO quickpick ordinary tickets? so if 10 ppl share, tts 500 dollars and 1000 combinations of 6 digits.. who noes? we mite get lucky.. like i said its jus for the fun of it.. tho 50 bucks is still cash but as mentioned before, we spend more than 50 bucks everytime on unnecessary stuff if u get wad i mean.. i hope u guys dun think im trying to be funny or wad.. but seriously... u nv noe.. interested parties can PM me and let's try to get at least 10 ppl.. if in the end win only 20 dollars, at least can pump one litre of petrol for each person.. haha.. cheers..

Thats been done quite a few times by some folks in my dealing room.

In fact back in 2000 or 2001, they won first prize. $2++ mil . split among quite a few people. in the end each one got about $100k++ not bad. capital to go in was $3000 per person.

 

We've tried it one of two times after but got nothing maybe because each person only $100. Not enough to cover the probability. All for comaraderie and fun is ok.

cant really make money this way, lah...

 

 

 

[dinie]

wow 100K.. tts a whole lot.. yeap jus for fun lar.. tts y mus be disposable money..

[Throttle]

Here's one solid investment to make.

 

Invest in Yourself.

============

Upgrade skills and knowledge

Expand horizons

Enrich experiences

Maintain Well-being

 

How? Through various meaningful courses, through interaction with people, through reading, through travelling, through exercise, through opening up your heart and mind etc....

 

A journey with no end.

[Alvin.Y]

Originally posted by Throttle@January 16, 2007 06:14 pm

Here's one solid investment to make.

 

Invest in Yourself.

============

Upgrade skills and knowledge

Expand horizons

Enrich experiences

Maintain Well-being

 

How? Through various meaningful courses, through interaction with people, through reading, through travelling, through exercise, through opening up your heart and mind etc....

 

A journey with no end.

well said. best investment advice so far

a portfolio by,of and for yourself

[E.V.ilyn]

Anyone have any views on the SRS (Supplementary Retirement Scheme)?

 

It seems quite useful if you're paying income tax and rather than pay income tax, put money into SRS such that you don't have to pay or pay lesser income tax. Then when you retire, draw money from this account like you paymaster. Depending on how much you draw, you either defer income tax till then or pay no taxes at all. You can also buy SGS bonds and t-bills with this account.

[E.V.ilyn]

How about CPF investments? What allows you to invest using CPF monies? The 2.5%/4% interest is not really interesting.

[contrarian]

Originally posted by E.V.ilyn@January 24, 2007 04:17 pm

Anyone have any views on the SRS (Supplementary Retirement Scheme)?

 

It seems quite useful if you're paying income tax and rather than pay income tax, put money into SRS such that you don't have to pay or pay lesser income tax. Then when you retire, draw money from this account like you paymaster. Depending on how much you draw, you either defer income tax till then or pay no taxes at all. You can also buy SGS bonds and t-bills with this account.

This requires a great leap of faith in the government not to change the terms of the SRS adversely against the participant over time.

 

You'd have to trust that in 30 years time, the withdrawal age hasn't been increased, the tax rates on withdrawals don't become more unfavourable...

 

For a good case study, check out what happened to the promise of CPF from the time it started in 1955 until today.

Ask anyone who started work in 1960s retired in 2000s, they can tell you the story. Even better, ask someone who converted his pension scheme to CPF scheme. See what happened to contribution rates, see what happened to uses of funds (housing, medical, minimum sum...).

[contrarian]

Originally posted by E.V.ilyn@January 24, 2007 04:19 pm

How about CPF investments? What allows you to invest using CPF monies? The 2.5%/4% interest is not really interesting.

Last week, Aviva launched their new product BigE.

 

Finally I see a CPF OA investment instrument that is worthy of consideration.

-structured as an endowment policy to mature at retirement

-however it has no early withdrawal penalty unlike an endowment policy

-able to withdraw all funds with 3 working days notice

-minimum guaranteed interest to be above the prevailing CPF OA rate at any time (means not necessarily 2.5% - even if it goes up, Aviva will pay better than that)

-if Aviva can't match the CPF rate at any month, it will stop the programme and refund all monies with interest to date to the account holder

-even has a minimal death benefit on top of the fantastic savings return

 

So there we have it - a product that has risk comparable to the CPF OA, better return, and no lock-in period or charges. It is truly a revolution for CPF IS instruments.

 

For CPF SA, 4% minimum guaranteed rate risk-free is an outstanding return on investment. I would not invest my CPF SA, especially since the available instruments ironically are restricted to lower risk than the CPF OA. Unfortunately the bureaucrats have got this totally wrong. The long term investment - the SA - should be capable of being put in higher risk instruments compared to the shorter horizon OA.

[ermintham]

Do i get to learn all these when im studying biz in ntu?

[xiaowang]

no.

[ermintham]

oh...then u all self read? or go thru some courseS?

[ermintham]

oh...then u all self read? or go thru some courseS?

[Throttle]

yes

[jia_yvon]

if u really have tt much. will u waste ur time here talking rubbish? if u can ear a few million then cont go earn maybe billion. dun waste time here takking with us poor ppl

[Throttle]

Originally posted by stevenminqijia@February 11, 2007 04:12 pm

if u really have tt much. will u waste ur time here talking rubbish? if u can ear a few million then cont go earn maybe billion. dun waste time here takking with us poor ppl

who you talking to dude?

we all working class people here enjoying some exchange of info and comaraderie.

Are you on the wrong thread perhaps?

[ermintham]

is he drunk?

[xb84]

Originally posted by stevenminqijia@February 11, 2007 04:12 pm

if u really have tt much. will u waste ur time here talking rubbish? if u can ear a few million then cont go earn maybe billion. dun waste time here takking with us poor ppl

sourgrapes