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It doesn’t mean auditors have verified there is no uncovered fakes or fraud!
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  May 24, 2021
Hmm ... reading this in investment blogoshere reminded Uncle8888 who has also personally lost money on audited fraudulent s-chips where fixed deposits and cash balances in "banks" were also fake! Quote  :  "I try to put my money at the top platform/dapp (decentralized application) that has undergone audit(s) but when it happens" Read? SMOL: Trust But Verify??? "Gurus" are gurus. They are not stupid. They are very good at words, sweet talking, clever marketing and counter objections; otherwise they should have long gone. Like those Snake Oil men in the past; if we kept seeing the same bunch of snake oil men at every Chinese Wayang Show that meant they have became successful businessmen selling some snake oil to willing buyers. Right? This was how late Guru would counter back and Uncle8888 learned something from him. Trust; but You can't really verify! Late Guru's counter argument. We trust audited statements from the Big Four. Right?...
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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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