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Herd investing
By SG Wealth Builder  •  November 29, 2013
A few months ago, one of my best friends sent me a text to  recommend investing in one of the local stocks, Yongnam. In his texts, he kept praising how good the company was, citing the various exciting business prospects and developments. I did not solicit for his views on any stock investments before, so I was quite surprised that he tried to induce me to invest in this counter. Furthermore, I am not the sort of person who is easily influenced by others when it comes to stock investment and normally I would do my own research before investing in any counters. So I chided him for trying to induce me to invest in Yongnam. Of course he denied flatly and vehemently defended that he was just sharing good stuff. I gave him the benefit of my doubts since he is my good friend, nonetheless, I did not invest ...
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By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
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