Category: Investing

SSB – A great investment that no one knows about

When it comes to investments, everyone wants the same thing – zero risk, high double-digit returns, and full liquidity. That’s like saying I’m looking for a magical unicorn. But what if I were to tell you that there is something that comes close to this ideal. Yet only a few people know about it. In fact, this investment is so good, that there’s a limit to the amount of money that you can invest. Sound too good to be true? Well, here are the details and you decide for yourself:


How Anyone Can Be A CPF Millionaire

cpf chalkboard
The easiest (and safest) way to be a millionaire.

As a Certified Financial Planner, whenever I even mention the word “investment”, people are way too eager to ask about “stocks/equities”, “bonds”, and “funds/unit trusts”, thinking that these are the best, sure-fire ways to financial security and financial freedom. But they are always surprised when I instead mentioned CPF. Although most people think CPF is a retirement tool, I’d like to think of CPF as an investment tool. What other investment is low-risk (or virtually no-risk) and has a guaranteed return of 2.5% up to 6%? What other investment is inflation-adjusted, commission-free, out of reach by creditors, and has an annuity payout that you cannot outlive? To learn more about CPF, please visit the CPF website. (more…)

How to Have a Successful Financial Wealth Building Seminar

What do typical wealth seminars and Donald Trump rallies have in common? They depend on what Nietzsche refers to as the “madness of groups”.

Every week, there are tons of “free” seminars in Singapore on topics such as wealth creation, investing, properties, starting online businesses, stock picking, or other passive income generating techniques. Nearly all these seminars follow the same formula. Here’s what they have in common: (more…)

Avoid Financial Planners Wearing Cartier, Chanel, Hermes, Burberry, or Other Luxury Brands

Should financial planners be dressed like socialites?
(Photo by Jonathan Mueller)

People seek the advice of financial planners because they want to make better financial decisions and improve their financial situation. But I believe the most important decision they make is whom they engage to be their financial planner. Some may seek a financial planner based on a friend’s recommendation, but if you don’t personally know someone in the industry, it’s easy to fall into the trap of choosing a person who “looks like a million bucks” thinking that they will be your best bet. Why is this a very bad idea? (more…)

How to Invest in Ponzi Schemes

How can you spot a Singapore ponzi scheme? (photo by ArrrRTeDUarD)

Ponzi schemes are when funds from new investors are used to pay off existing investors in an expanding “pyramid-type” structure. They are named after Charles Ponzi, who promised a 50% return on $150 in 90 days ($225). These schemes have been around for nearly one hundred years. Today, with current deposit accounts earning very low interest rates, many Singaporeans are looking for “alternative investments” that guarantee huge returns. Thus in the past few years, ponzi schemes, many of which promise no-risk double digit returns, have been on the rise.