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Is life sometime cruel to the innocent (naive, kiasi) when come to investment? (3)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  November 3, 2012
Read? Is life sometime cruel to the innocent (naive, kiasi) when come to investment? (2) Uncle8888 is right! It is more like the founders smelling the blood of more and more naive and kiasu investors seeing how earlier investors boosting of their high return from their investment. Late comers become kiasu and jump in??? This investment scheme then evolves into Ponzi??? Then blame who??? Uncle8888 read this somewhere:

A late entrant to the Gold bar scheme

 
Mr. Chan (not his real name) advised his wife to stay way from the Genneva Gold scheme. She did.
After a year, the wife got angry with Mr. Chan because her friends invested in Genneva Gold and received their monthly payout and also the buyback payments. They were making a good return.The wife decided to ignore Mr. Chan. Her family joined her to put in all of their savings into the scheme, ...
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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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