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This guy has 800K in his CPF. (AK responds to HWZ Forum.)

A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...

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"E-book" by AK

Second "e-book".

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4th free "e-book".

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Crowdfunding and nudist beaches.

Monday, May 14, 2018

Reader says...
I found your blog when googling crowdfunding in sg.

Feeling very anxious because of Capital Springboard which never pay investors.

Although I am not one of the investor, I have money in another crowdfunding.

I am wondering how safe it is now and I would like your opinion on this which a friend introduced to me...

AK says...

Firstly, you are not an investor but a money lender.

You have taken on the money lending role of a bank here and have assumed all the risks.

Read my blog again and if this is still not clear, read it again and again until it sinks in.

See related post at the end of this blog.

Secondly, the higher yields might be very tempting but did you question why are they so much higher?

You said a friend introduced you to crowd funding.

Is he working for the crowd funding platform or did he receive any benefit as a introducer?

We would do well to remember that altruism is a rare commodity in our modern day world.

You should also not believe everything you read and that includes blogs.

I am not suggesting that there is any wrong doing on the part of your friend but we don't want to ask barbers if we need a haircut.

"Only when the tide goes out do you discover who's been swimming naked." - Warren Buffett

There are nudist beaches in the world.

So, it is not so surprising to see crowds of naked swimmers.

This is not the first and it won't be the last.

Related post:
To make 20% per annum, we could lose it all.


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