Me & My Money Series (Sunday Times)

How can she own a hdb and private property and claim her home to be in private property on public press?

(05-12-2010, 09:07 PM)mrEngineer Wrote: How can she own a hdb and private property and claim her home to be in private property on public press?

Perhaps before the August 30, 2010 rules kicked in?

This smart lady got ultimate motive in public press.
I once went to attend her presentation at Robinson road, as usual talking loudly how successful she was and making ton of money from properties speculation, to me this is not investment......another Adam Khoo, or dat housing loan guru, etc all same same one got hidden agenda...

Charging a short course as high as $2.9K, by attending a 2-3 mths course you will become a millionaire making money from properties, dun make my toe laugh.....

Power of leverage work on both way, she will be destroy by her own leverage sooner or later.
I dun use leverage in this way.

Talking to myself:
Knowing when to quit , harvest your fruits is critical in today fast changing environment.

(05-12-2010, 11:17 PM)koh_52 Wrote: This smart lady got ultimate motive in public press.
I once went to attend her presentation at Robinson road, as usual talking loudly how successful she was and making ton of money from properties speculation, to me this is not investment......another Adam Khoo, or dat housing loan guru, etc all same same one got hidden agenda...

Hi Koh_52,

Oh, I didn't realise it was this Wendy Kwek who advertizes in the newspapers about her property seminars! Then it really does make this interview look like self-promotion and is a blatant attempt at drumming up more business for her company. I notice those who have their own firms offering trading courses or seminars on investing also tend to have flashy/showy cars to enhance their "image" in the eyes of the students, so as to project a successful persona. There was an interview a while back with a full-time trader who also conducts trading courses, and I recall he also bought a snazzy sports car costing 6-digits.

I agree that she is highly over-leveraged and she claims the income from just 4 properties can pay for her terrace, Porsche and BMW (very arrogant). How about the installment payments for ALL her property purchases if the properties are either not tenanted, rental rates drop or market prices fall (causing negative equity situations)? Can she really keep track of 53 properties?

This interview is a serious waste of time, come to think of it!

A sucker is born every second..

I saw this lady in one of the investment fairs, she makes leverage sound so simple and easy , anyone can do it.

Furthermore she was advocating, that people buy a place together, everyone joins and gets piece, that is a great idea logically, but been human, everyone doesn't think the same way, and you would have problems creeping up when there are difference of opinions.

Anyway, I didn't like her hard sell with the " you are losing out, you can make millions, you see how I have done it" salesman talk.

Just my two cents.

more of these will come... they all stuck with properties mah, talk up the market is the only thing they can do now!
Don't get trapped!

(07-12-2010, 06:22 PM)brattzz Wrote: more of these will come... they all stuck with properties mah, talk up the market is the only thing they can do now!
Don't get trapped!

I agree, there's too much leverage sloshing around now.....

(05-12-2010, 11:17 PM)koh_52 Wrote: This smart lady got ultimate motive in public press.
I once went to attend her presentation at Robinson road, as usual talking loudly how successful she was and making ton of money from properties speculation, to me this is not investment......another Adam Khoo, or dat housing loan guru, etc all same same one got hidden agenda...

She is using the same strategy as this kiyosaki guy of the rich dad poor dad fame. using leverage in a rising property mkt looks like no brainer. add on to it the lecture route and you can make lots of serious money provided you know when to get out of the mkt in time.

back in the early nineties many people did until they got hit in '96/97 crash. Know of a couple of people like her that gone broke and swear never to touch property again. this has stuck on to me ever since. moral of the story is leverage can work both ways n don't extrapolate the rise on a straight line.

i suggest she should surrender her hdb flat back to hdb board...why isnt hdb doing anything about this self-proclaimed self-declared individual who owns tonnes of private properties all over the world + 1 hdb flat?