Sentosa.
Everyone knows Sentosa.
Anyone remember the buzz surrounding those Sentosa waterfront developments back in the early 2010s though?
‘Billionaire Playground’.
That’s the term they used to call it.
Wanna guess what happens to the place 10 years down the road?
Demand plummets.
Value falls.
And the poor folks over at Singapore’s sunny island-home are forced to sell their units at losses of up to 40% what they initially paid for them!
And all this because they couldn’t help wanting a piece of the pie.
Or in other words,
They fell to the Bandwagon Effect.
Now the Bandwagon Effect isn’t the only thing that plagues the decision-making of investors today.
And we sure as hell don’t want you to fall into that same trap.
No.
In fact, that’s the whole reason for today’s piece.
On today’s journey, we’re going to cover some of the more pertinent sins...