meek-investor

I found some old documents in the back of the drawer and learnt that my father had ventured into the uncharted territory - stocks, in 1961. He had invested into a gold mine preference shares scheme.  Unfortunately, that was an expensive and painful lesson as he was scammed by a friend of the boss. Sometime in 1961, the boss's friend visited his factory and sweet-talked the workers into investing into a gold mine in Mersing, Johore.  The workers were told that the gold mine had huge deposit of gold and the owner of the gold mine was looking for investment money in order to start extracting gold from the mine.  After the gold mine started operation, the owner would list his gold mine on the stock exchange.  The workers who invested into the preference shares would exchange into the shares cheaply.  The company (gold mine) would also pay huge dividends every year. My father's pay was $50 a month back in 1961.  The investment ...

Last December I received a weird and interesting email from one of my friends. Below is an extract from that interesting email: Hello, how are you?  I do hope that you receive this email in good health.  I am presently in England London with my family for holiday.  Unfortunately, this holiday is turning into a nightmare for us.  I was pickpocketed at Trafalgar Square yesterday.  I was carrying all the cash and travelling cheques with me at that time and this incident leave me and my family cashless in London. I had made a police report, but the hotel we are staying has detained our passports and will not release them to us unless we settle payment with the hotel first.   My family desperately need money and I am wondering if you can be of assistance to us.  I need GBP 2,500 to settle the hotel payment.  My family's flight back to Singapore is 2 days later.  Please t...

The world is full of traps.  There are even trap waiting for the unaware when you are watching English Premier League on TV. Previously I subscribed to Football Channel when Starhub still carried English Premier League.  During half times, the viewers were bombarded by a Profitable Plots commercial, urging viewers to "Buy UK land" and projecting astronomical returns for investors.  Profitable Plots was a land banking firm set up in 2004 by 4 British expatriates and a Singaporean. The TV commercial was done by some of the famous names in football, including Bryan Robson, Steve McMahon, etc.  Beside the commercial on cable TV Football Channel, Profitable Plots also held   roadshows at major shopping malls and  also was one of the sponsors for Liverpool Football Club when they visited Singapore.   The scheme "Buy UK land" basically means you invest in plot(s) of land in UK, then wait a few years for the la...

While looking for passive income streams, I had a close encounter with Sunshine Empire and its "MLM" (Multi-Level Marketing) products. I stayed in Toa Payoh then and on one fine day at HDB Hub, I saw a grand new office/company.  Looking into Sunshine Empire's office to check what they are selling, I was invited in by a sales person for product presentation. I could not remember the product details now, but I remember in the presentation, we were told that Sunshine Empire had attractive product packages with high rates of return.  I remember a "Silver Product" and a "Gold Product" that enables a investor to recoup his investment within 1 year. The minimum investment was $12K, and the investor gets $1000 back every month, and this monthly payout continues for the next 8 years. Also, I was told that Sunshine Empire was not just an MLM company.  They are also developing theme parks an...