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How to spot ponzi or scam investment scheme?
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  November 20, 2011
Just for Thinking .... Guaranteed Return of e.g above 5% on your investment in 3 or 6 month time The key word is Guaranteed Return. There is no such investment in the market that can guarantee Return over 3 or 6 month and not even one year. It is certain. It is a ponzi or scam investment scheme. They either take part of your investment and return it back to you as 5% return on your investment or take part of other newer investors investment and give it to you. How the scheme works? You invest $10K. After 3 month, the scheme takes your $500 and return it back to you as 5% gain. When you received your own $500, you jump through the roof. You go round telling your friends and relatives how good is your investment. 5% return in 3 month. OMG! Soon your friends and relatives will get sucked into ......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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