Learn the rules of the game

Sunshine Empire head jailed

http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_560214.html

They amassed over SGD 180 millions dollars

That's $180,000,000!

Jailed 9 years & fined $60,000.

What is that compared to the $180millions?

As much as this is an extreme case of a ponzi scheme at work in singapore, it is not an isolated case.

Who's fault is it anyway ?
Is it their fault? definitely to a certain extent.

or should MAS tighten their investment guidelines?

or is it the consumers fault ?

"Without financial education, your money flows to those who profit most from your financial ignorance." - Robert Kiyosaki

Or should we invest with the mega banks so that it will be safer?

As you will remembered, the SEC sued Goldman Sachs for fraud and eventually fined Goldman $550million - on Goldman's condition that they didn't have to plead any wrongdoing and drop the lawsuit.

The fine, $550millions, one of the largest fine the world have ever seen, is nothing compared to the damages they have done to the world's economy.

$550millions dollar is alot to people like you and me.

But if you realised, $550million is only 3 days income to Goldman.

When it comes to investing,

there are 3 groups of people.

1st group is what i call the gamblers,

they talk to themselves and then convinced themselves on why they can buy a particular investment and they just buy it, and then they pray that it will make them money.

or it might be their friends tell them certain stocks good, can buy, will hit a certain price by a certain date, their friends are so sure of that but is still holding on to a day job which pays them $2000 every month, work 10 hours a day.

2nd group of investors is this group of people who invest to win,

they do their market research, they find out everything about the investments or stocks and how it works, and only when they are really sure that it is a good investment, then they buy in.
They are the professional investors who is studying everyday to become better investors.

There are this 3rd group of investors, people who invest not to lose.

you asked me, i thought everybody invest to win ?
no, you might be surprise. Alot of people invest today just not to lose.

Have you ever met certain people who brought some shares at let's say $2, but once they buy,
they price drop to $1.50.
Then they pray and say, i will sell once the price hit $2, so that i get back my capital.
If only they put their money in the bank, they will save on the agony of watching the stocks go up and down.

Which group do you belongs to ?

And which group do you want to move into if you're not satisfied with where you are right now?