Secrets Of Gifted Investors
>> Sunday, August 5, 2012
First and foremost, I would like to pay my respects to a
fellow blogger.
High-profile financial management expert Dennis Ng died of a
heart attack after a three-hour finance seminar at Park Mall. The co-founder of
HousingLoanSG.com and mortgage consultancy firm Leverage Holdings is well-known
for his media work and best-selling books. His entrepreneurial start-up
MasterYourFinance.com, a financial education portal, won the inaugural SME1
Asia Awards Top 5 Award in 2011.
Life can be so fragile. May he rest in peace and condolences
to his family.
At the same time, another trainer got into the news for the
wrong reasons, Mr Kelvin Ong.
Mr Kelvin Ong Wee Loong, the founder of AristoCare centre,
charges a whopping $250 per lesson for parents of primary school students
looking to clinch a place in the coveted Gifted Education Programme (GEP). He
claimed he attended National University of Singapore, before becoming a teacher
in the GEP programme at his alma mater. However, checks by the Ministry of
Education (MOE) revealed that Mr Ong was neither ever a pupil nor teacher in
the programme. He is not even a qualified teacher.
With the kiasu culture of Singapore,
many people are afraid of losing and seeking ways to win. Be it winning in
their children’s education or their pursuit of money making methods.
As a result, some are exploiting this culture and offering
secrets to their gifted money making ways. Winning in property investments,
automated algorithm trading, forex, technical trading in stocks, trading
options strategies, etc. They will claim anything from being an award winning
trader, amazing track record, wealth of experience, best selling author,
featured on television programs and a list of astonishing testimonials from their students.
Just like the tuition industry, these training industries
are not regulated and many “gifted” trainers can claim nearly anything they
want without anyone verifying it. Sure, there will be the few who are genuine,
state the hard truth and sincerely want to share their secrets. However, they
will be drowned out by those who use these advanced sales techniques to let people
hear what they want, using catch phrases like, “passive income for life”, “create a second
stream of income”, “millions with just hours a day”.
With all the astronomical fees these gifted trainers who
claim the sky are charging, the biggest secret they do not want to share is
that the best source of income is from collecting the training fees. After all,
just like all education, results are non-guaranteed and they cannot be held accountable if the students do not perform well in the end.
Anyway, Happy Birthday Singapore! Happy National Day to all readers!
4 comments:
That is terrible news all the way round. In the UK and US, there are all kinds of investing frauds going on. Unscrupulous people are trying to take advantage of others who are worried about the bad economy, or older people who are looking for income from their investments and cannot find any because interest rates are so low.
There will always be cheaters, the importance is to recognize the difference from the genuine. So as to stay clear from the bad eggs.
I notice that your options Xpress banner is not working, as I've click on it to find out more, but it redirect to a blank page "The webpage cannot be found"
Hi Swee Chye, I think the link is broken. Removed it. Thanks for highlighting.
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