I guess you already have an answer in your heart.

When it sounds too good to be true, it probably is.

I have removed the company names in your posts due to legal and company policies. Hope you’ll understand.

This is an addendum to my earlier post. Did a ROC search and the company is XYZ Company being formerly known as ..why would a investment company be setup from another, i am curious when it should be clean and does MAS monitor such investment companies.

I was given a brief idea of the investment, for $10k min i would get back 24% per annum spread over each quarter i would get $600 and at the end of the year, i would get my principal back.

So my question is it legitimate to get 0.065% a day and i find the owner equally dodgy as his telemarketer. When i insisted on seeing the Battery Road sales office, i was given one excuse after another.

They claim a paid up capital of $300k. Can they just say that to bolster confidence.

Anyone out there heard of this company. The owner is some guy named Wesley and i was even invited to his “restaurant” to talk business which was a small cafe in Ming Arcade.

Can anyone guide me as to how to ensure this is not a scam.

Cheers,
JL

The media needs controversy to attract readership. Be it newspapers, magazines, websites, blogs etc, the main aim is readership. So high return numbers will surely readership in a Investment section.

The flip side to that is that readers can be mislead.

The interviewer hardly ever challenges the interviewees to show proof of their returns or to be specific about how they achieved their returns and how they got their starting capital.

Many times, growth in portfolio is more due to capital injections than above-average returns on the initial capital.

Be well and prosper.

Land Bankers were buying the land for Price A:
They were selling to Singapore investors for price B:
And they were telling investors that based on an almost certain event C: that price D: (always a big number) was achievable. They would also tell investors that if for some strange reason event C: did not happen then dont worry you still own the land. The land is worth price B:(because thats what we sell it for) and goes up by 5% every year due to inflation so you cant lose.

Now some numbers

Real value of land Price A: S$6 per square metre
Land Banking Company Selling Price B: S$150+ Per Square Metre
Chance of building permission Event C: close to zero
Resale price with planning permission D: Made up because it wont happen but a big number – typically 2-3 times investment.

Without event C: your land is worth not price B: as you intuitively expect but price A:

Currency and inflation may vary Price A: by a few percent but its still almost nothing and you have lost almost all your investment.

So how to turn S$15,000 into less than S$600 ? Invest in UK Land Banking.

Glad to know that it has worked out for you so far. Wish you continual success!

Sadly, not many can be as successful as you.

There are of course many ways to determine quality. But I am not too sure how many investors can really determine quality.