Crowdfunding and nudist beaches.

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.

"This is getting embarrassing."

Some readers might find this shirt which I have just washed and put out to dry familiar:

If you are one of those readers, you must have been following my blog since 2011! (See related post at the end of this blog.)

Back then, I blogged about the t-shirt and how it was at least 26 years old.

By now, it is 33 years old.






I wore the shirt out recently when I bumped into someone I had not seen in years.

We chatted a bit and I could tell that he kept looking at my shirt.

Finally, he said something which surprised me:

"I really cannot hold it back anymore but that shirt is so old and it looks old too."

He said something else.






He was pretty diplomatic but it was obvious that he thought it was embarrassing.

To be fair, he was not the first person to say something like that about the shirt.

The shirt has turned yellowish in places and its collar is out of shape.






OK, actually, if I were to be totally impartial (or brutally honest), the shirt looks like a sack that has seen better days.

I think it is time I give the shirt away to the rag and bone man.

Some might say I should have done it years ago but the shirt is so comfortable.






This reminds me of why Warren Buffett got a new car.

He got a new car because his daughter told him:

"This is getting embarrassing — time for a new car!"






Some of us are not very good with things like that and we should listen to people who are better at these things.

Live and learn, I guess.

Related posts:
1. Evolution: "lobster taller than small girl , ak's t shirt older than evo!"
2. Ak says good bye to another old friend.