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Better safe than sorry: Resist urge to invest in too-good-to-be-true schemes
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  May 8, 2017
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 providesome 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 ......
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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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