Me & My Money Series (Sunday Times)

[psolhawk]

This article shouldnt have appeared in Sunday Times given the mass appeal to the public who has little financial knowledge.

[weijian]

These people, who are good at what they do, they do not mind teaching others. I am also inspired by Dr Alexander Elder, who wrote Trading For A Living and Come Into My Trading Room.

All trading strategies self destruct, ie. the more the same strategy is used,the less profitable it becomes... So, i reckon these people have been long enough into this game, to realise that the best risk-adjusted gains come from either managing funds for someone, or (in this case) teaching someone else.

[yeokiwi]

These people, who are good at what they do, they do not mind teaching others. I am also inspired by Dr Alexander Elder, who wrote Trading For A Living and Come Into My Trading Room.

All trading strategies self destruct, ie. the more the same strategy is used,the less profitable it becomes... So, i reckon these people have been long enough into this game, to realise that the best risk-adjusted gains come from either managing funds for someone, or (in this case) teaching someone else.

It is the same with any form of investment strategies including value investing.

But, value investing is less appealing simply because it is a very long drawn process with no immediate result in the near future.
And most people believe in their luck and also believe they are always better than the others. So, strategies that offer possibilty of instant gratification with absurb return is always more popular.

Value investing - 10% -20% return annually or even less..
Technical Trading - 10% - 100% per month!

To be frank, I was drawn into technical analysis when i started off. It was just simply more appealing on paper especially to engineers.

[Jared Seah]

From one salesman to another, this guy sure can sell! Hat's off to him

1) Joined network marketing after University - head coach for Malaysia, Singapore, and South Korea.

2) Started cleaning company Spick n' Span International in 2004 and sold it for $150,000 in 2007.

3) Started forex trading 6 years ago and past 5 years earned a 6 figure income.
(That means earned total less than $1 million in 5 years.)

4) Started FX1 Academy sometime within this 6 years time frame and earned net $1 million from first 2 years.
(Well, at least he is honest to admit his training business is more profitable than his personal forex trading.)

5) Invested $200,000 last year in a consortium which owns 1,500 sq km of land in Papua New Guinea that is earmarked for a
large-scale oil palm plantation. The entity will list on the Frankfurt Stock Exchange in less than three months and I am expecting a return of at least five times my capital.

His forex trading goal is to achieve 100% gain per year.

If his oil palm venture succeeds, you will make 500% gain in around 1 year plus.

Somehow I won't be surprised if he sets up a "Invest in Farmland" company this year. He is already preparing the ground. Why trade forex and get 100% annually when you can get 500% investing in farmlands?

He has the hallmark of a trader - something I wrote a satire on recently: http://singaporemanofleisure.blogspot.co...ivory.html

You may also have fun reading the story about Cock and the Fox. It's a free market. He has every right to be smart; its up to us what we choose to do next.

[pianist]

what i like most useful about this sunday reading is that - in general the most extravagant spending amount is always smaller than the worst investment write-off amount.
it seems to me that:
a wrong decision in investment has a more fatal impact than a wrong decision in spending.

[Temperament]

Sigh.... For most of us(including myself) are no match for a "Super Saleman" when we meet one. Especially he has found your point of weakness.

[Big Toe]

Most of the time, good deals will not come knocking.
Opportunities that come too easy(think e-mail scams) are not good.

The harder and slower the process, the better it will be.

[Bibi]

His parents instill "solid" values in him but yet he can rent our his comics to his classmates. I wonder what solid values was instilled in him.

[Mr Nobody]

Do you really believe he can make so much trading forex? If so, why bother to set up an academy? To give back to society? Lol.

[Ben]

Do you really believe he can make so much trading forex? If so, why bother to set up an academy? To give back to society? Lol.

I believe he can, but I don't believe he can do it consistently over an extended period of time, else he we will be ranked as one of the top 10 in Fobes richest man ranking very soon.