$32m luxury goods scam and a victim who lost $18K.

Some people must be wondering why AK has not blogged in so many weeks?

Regular readers of ASSI shouldn't be surprised anymore as AK spends most of his time in other worlds.

I am still spending time in Neverwinter and Genshin Impact.

I had to drop Black Desert Online and Star Wars The Old Republic.

Just don't have enough time especially when I am trying to get back to a healthier way of living by having some physical exercise which is either climbing 80 floors of stairs or walking 10,000 steps a day.

I still stay updated on money matters as much as possible like how Sabana REIT's DPU went up but ESR REIT's DPU went down.

Sabana REIT's gearing level is lower while ESR REIT's gearing level is higher.

Sabana REIT is trading at a 15% discount to NAV while ESR REIT is trading at a 15% premium to NAV.

Just saying.

I like climbing stairs more because it is efficient and it is also safe to read the news when I do it as it is unlikely that there would be anyone else climbing 80 floors at the same time and in the same block which might result in an accident.

I don't always read serious stuff.

I am only human and like gossip from time to time.

Just now, I read about how a couple ran away with $32 million which customers paid them in advance for luxury goods.

There are so many things that I could say about this but a friend told me before to live and let live.

Hanor.

Rich people can afford and if they don't buy luxury goods, they cannot bring their money with them when they die anyway.

Right?

Eh, I don't know.

You say leh?

What?

You say AK is 铁公鸡?

Of course, readers who have been following my blog for a long time would know what AK would have said in the past.

AK changed liao.

Alamak.

Cham lah.

But hor I really couldn't tahan when I read the case which was mentioned at the end of the article.

Some person helped a friend to order an $18,000 Rolex watch from the scammers and said that the friend is very pissed now because that is a big part of his savings.

Of course, I don't know if really is bought on behalf of a friend or too shy to say is for himself.

$18,000 is a big part of his savings?

What percentage would be a "big" part?

It is different from person to person but if $18,000 is a "big" part, why buy a Rolex watch with it and from a dubious source too?

Face palm like that.

It reminds me of what a friend told me before.

Once we are making $5,000 a month or more in employment, we should go and buy a luxury brand watch like a Panerai or Longines to show people that we have arrived.

Who are the people?

AK blur.

People care meh?

I don't care.

Also, arrived where?

Obviously, wherever it is, I have not been before.

AK blur again.

How like that?

Jialat.

I only know that I didn't get to where I am by using a "big" part of my savings to buy luxury goods.

References:
1. $1 million and stair climbing.
2. Not successful in SG unless you do this.
3. Retiring by 40 is a fantasy for most.
4. Buying a $500,000 watch...
5. Sabana REIT: Closer to 52c NAV.