Unusual cash cows

[sgd]

The best online business as I mentioned before is payment systems business. The ones that facilitates payment between merchant and banks, paying of bills, online ticketing for airline and hotel reservation ... Do you see AXS, NETS having to get listed? These are real unusual cashcows that pay their own way don't require any investors, as long as singapore is open for business everyday they earn a few cents every transactions by the volume can tally into hundreds of thousands every single day

but If it is something for fun people will always expect it to be free and never have to pay a cent for it.

For facebook their biggest asset and what I see their biggest problem is the over half a billion people on facebook as they claimed. These people including myself will likely to continue to use facebook for fun, for social activities as long as it remains free. Free is taking for granted the storage costs, bandwidth costs, security fees, the army of engineers on the payroll that facebook has to pay for upkeep every month. The infrastructure behind supporting "FREE and FUN" is enough to pay the ransom for a king.

[nathanmaloney]

Be careful of schemes that sound too good to be true - how can seaweed give you returns higher than Buffett?

My friend invested in the seaweed farm scheme and the founder just went missing along with all the money that was invested in the farm.

Check out the misery this guy has inflicted on his "investors" on this website created by my friend to see some justice: http://chongmantung.wordpress.com/ and https://www.facebook.com/HelpFindTheChongs

If anybody has any information on this fraudster, pls provide information to the facebook page.

[Dividend Warrior]

Be careful of schemes that sound too good to be true - how can seaweed give you returns higher than Buffett?

My friend invested in the seaweed farm scheme and the founder just went missing along with all the money that was invested in the farm.

Check out the misery this guy has inflicted on his "investors" on this website created by my friend to see some justice: http://chongmantung.wordpress.com/ and https://www.facebook.com/HelpFindTheChongs

If anybody has any information on this fraudster, pls provide information to the facebook page.

Watch the 'American Greed' series on Youtube.

Very informative and educational.

[shuoyanz]

Read this tread a long time ago, and was reminded of it when reading todays newspaper. Guess this brings some form of closure to this topic.

Quote from The Sunday Times, Sept 7 2014, "Looking for a cash cow? Watch out for scams"

For all its grand claims, the Columbian cow company was nowhere to be found when I ran a search for its name last week. Its website no longer exists. It also seems to have deleted both its Twitter account and its Facebook page.

Technically, it is possible that the firm was actually legit.

Who knows, it might have just decided to take a temporary break from the Internet...

Actually, it would be interesting if someone from Salisbury Investments could give us their side of the story.

[intellect]

Here we go again.

We have had ostrich farms, Oilpods, Sunshine Empire, Genneva, The Gold Label and so on. Now we have seaweed, cows and trees. I guess it will be only a matter of time before someone tries to sell land on the moon. Oh wait they already did that:

http://en.wikipedia.org/wiki/Extraterres...eal_estate

I suppose MAS will, as it has in the past, declare that these are "offshore" investments, so they are unregulated and therefore none of MAS' business.

All I can see in these schemes are yet more losses for hapless Singaporean investors who refuse to learn, and another black eye for a government who refuses to regulate.

History has proven that our wise men here are right again.
Anyway, the schemes were neither the first nor the last.
Therefore, it is up to us to judge using our not-so-common "common sense" for such schemes that are coming out in future.

[Temperament]

SAD! But i think we are all wired up differently.

So there always are, will be scammers born every minute as there are sheep born. i know some of my relatives/people can be con again and again by confidence scamers. May GOD bless them.
As for people who let their guards down due to one reason or another, my sympathy. For no one can be 100% safe from being con, i believe. It is only by different method or a higher sophistication scam that even a seasoned investor/businessman can be con. NO?

In facts, there are very rich & savvy businessmen who claimed to be conned or misled by Bankers or the equivalents as reported in the STRAIGHTS TIMES, from time to time.

My friend, everything is relative in life is very, very true.

[sgd]

people get conned is usually due to overly confidence and maybe too much trusting in other people's abilities to deliver on claims.

[Temperament]

people get conned is usually due to overly confidence and maybe too much trusting in other people's abilities to deliver on claims.

Yes agreed.
Behaviour scientists have MRI or mapped part of our brains that relaxed when we allowed "experts take over". So be careful of this inherent weakness in all of us who just want to relax and let the "Experts" take over."