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Is there any ‘Risk Free’ investment that will generate profit?

Technically speaking, yes, but in reality, no. Even Government Bonds or playing Arbitrage would have risk, no matter how small it is. Government, country or banks could just become insolvent, what else wouldn’t have risk?

Thus if anyone starts to tell you your investment is baojiak risk free, that’s too good to be true, it would most probably be a scam!

In recent years, there are just too many investment scams going around but it seems that the Police will just take a back seat. Even banks and financial institutions are involved in misselling their financial products… Well, to me, that’s just a nice way to avoid calling these big financial institutions being scammers.

I was involved together with Mr Tan Kin Lian in helping out the victims l of the Lehman Brothers Minibonds and other complicated structured financial derivatives sold by banks and huge financial institutions.

I would consider that as a high class sophisticated scam. Yes, I call a spare a spade. After examining the structure of the minibond thoroughly, breaking it down and understanding how it works, I was shocked such scam could be carried out via the vast sophisticated network of banks and financial institutions!

There are lots of sophisticated financial and property investment scams in the last twenty thirty years. In the old days, life was much simpler with maybe only the Ponzi scam or Pyramid marketing scams.

Now we have Time Share scams, Gold certificate scams, Crypto Currency scams, Property investment scams, Crowd Funding Investment scams, commodity investment scam, Forex Or Commodity trading scams, fund raising scams, phone call scams, internet scams…. All sorts of scams!

But it seems that the police just close both eyes to many of these scams. Victims were ignored even when police reports were made.

Well, when many of our top people in big public companies were made fools by some of these scams, I guess it will become a norm or the New Normal.

Recently, newspaper reported that our mighty DBS in India was “Forced” into a merger with a local Indian Bank in Chennai just to save it from insolvency!

Look, PAP had signed CECA and sacrificed good our good jobs for Singaporeans in exchange for Termasek Holdings, GIC and GLCs like DBS Banks to invest in India’s financial markey but in the end, our DBS was made Dumb ATM for India to use in saving their own banks?

Well folks, if you have been scammed before, you may want to take comfort in knowing that you are not too foolish after all… Those supposedly bright and intelligent people in PAP and cronies are more foolish than you many times!

 

Goh Meng Seng

 

 

 

yyy
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11 Responses to “Is there any ‘Risk Free’ investment that will generate profit?”

  • oxygen:

    INDIA IS THE WORST PLACE TO INVEST in – its sovereign risks is in the same ranking as Russia.

    Here are some examples.

    Cairn Energy ready to reinvest in India if retro tax issue is resolved: CEO

    https://www.livemint.com/companies/news/cairn-energy-ready-to-reinvest-in-india-if-retro-tax-issue-is-resolved-ceo-1564898649921.html

    How Niko Resources fell from TSX high-flier to delisting

    https://www.bnnbloomberg.ca/how-niko-resources-fell-from-tsx-high-flier-to-delisting-1.1228241

    I lost every penny invested in a diamond exploration project in India more than 2 decades ago.

    THERE ARE PLENTY of (virgin) IDIOTS steep of arrogance in stupidity still can be seduced by the Indian honey pot only to get brutally raped later.

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  • Is CPF a scam?:

    Imagine you are forced to contribute your entire HDB / private flat to a new Central Housing Coop, and in return you are credited rent at $200 a month. Note “credited”. You only receive your miserably low rent when you are 65 year old.

    Is the CPF similar to such a scheme?

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  • Yes:

    Yes. Keep your money.
    Most of the schemes out there are scams.
    Never believe the promoter..if so good why they never invested in it themselves?
    Pity the Poor Singaporean who put their hard earn money into Hyflux bond.

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  • xoxo:

    Bankers are no more those guys with clean image even though they dress up like they are.

    Even here those dressed in WHITE are no more like before?

    Bankers are more like BAN$TER$; high class loan-sharkers and legali$ed $cammers!

    At least Ah Longs tell borrowers upfront whats in for them but banksters put everything in the SMALL PRINT n tell you *NO PROB, sign , sign here n there.
    You sign away your life without realising as you are desperate?

    AFC crisis.
    White men stirred shit in weak Asian economirs like Indonesia, Thailand, Philipines etc and the DOMINO EFFECT affected even the Asian Tigers?!.
    Karma took effect and the west got screwed themselves bringing the whole world down and we never really witness REAL ECONOMIC GROWTH GLOBALLY since then, have we?

    America is no more the same.
    Upright men n women are scarce these days.
    Beware your BANKER, er, BANKSTER$!

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  • Oxy misses:

    I salute your honesty about the misses.

    Impossible not make error judgement or decision.

    Mr Goh , even Warren Buffet also make losses.

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  • Harder Truths:

    $G is a scam. If you are born here you are the biggest loser – ever.

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  • oxygen:

    @ Oxy misses

    DEFINITELY, I GOT PLENTY OF MISSES in that thrilling casino (stock market), big and small.

    Oxy misses: I salute your honesty about the misses.

    Impossible not make error judgement or decision.

    Besides BIG BAD ONES in India and Ah Tiong Land of first try, I also KENNA TAUGHT HUMILIATING LESSON in Russia in 1997.

    LIKE GOONDU, I followed the London boys (institutional) investors into the Russian seduction, pumping a significant proportion of my then available funds into Sukhoi Log gold deposit by investing in the shares of Australian-listed Star Mining Corporation.

    INVESTORS, RUSSIA AVOID CONFRONTATION IN GOLD MINING DEAL

    https://www.joc.com/investors-russia-avoid-confrontation-gold-mining-deal_19970701.html

    Joc.com :Together with JCI, which recently merged with the London-based Lonrho conglomerate, and investors including Mercury Asset Management, Star has spent more than $60 million on Lenzoloto operations.

    Lenzoloto directors, led by Deputy Minister of Natural Resources, Boris Yatskevich, have now acknowledged Star’s investment claim.

    The shareholders instructed the company ”to hold negotiations with the administration of the Irkutsk region on the possible surrender by Lenzoloto of the mineral license for the Sukhoi Log deposit, on terms and conditions that will ensure compensation is agreed

    As the Chinese saying goes, THE HEAVEN IS HIGH, THE EMPEROR IS FAR AWAY. Star Mining was stripped naked & left empty-handed, the Russian mafia took over the project.

    Now more than 2 decades after the bruising defeat (I got out fast and preserve the majority bulk of invested capital there – Star Mining collapsed into bankruptcy) Sukhoi long is slated for development by Russian gold entity (listed in London ironically) Polyus.

    Polyus said Sukhoi log, discovered more than 7 decades ago, is the largest gold mine in the world when developed.

    Russia’s Polyus claims its Sukhoi Log is world’s biggest gold mine

    https://www.nsenergybusiness.com/news/polyus-sukhoi-log/

    I WONT DARE TO TOUCH POLYUS SHARE LISTED IN LONDON.

    RUSSIA, IS THE BIG BAD BEAR OF ANOTHER sovereign risk, no matter how seductive of temptation.

    That is why I wrote this

    oxygen: INDIA IS THE WORST PLACE TO INVEST in – its sovereign risks is in the same ranking as Russia.

    NEVER AGAIN, will I be investing 1 CENT in business whose projects are in RUSSIA, CHINA OR INDIA!!!

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  • Soccerbetting2:

    Reported above :Quote -”…I was involved together with Mr Tan Kin Lian in helping out the victims l of the Lehman Brothers Minibonds and other complicated structured financial derivatives sold by banks and huge financial institutions….”Unquote.

    Response : Lehman Brothers case ???We all read from reports that previously on the lehman Brothers case that Pasir Ris Punggol GRC has used those public funds to invest in Lehman Brothers and lost a whole tons of millions .Has all those millions of public funds lost by the Pasir Ris Punggol GRC been recovered ? If not,why that evil woman MP Penny Low no need to be charged to be send to jail but instead can still has a glorified outgoing as an evil MP ? Pui ! And we have accountant qualification like e***b*** Teo Ser Luck being ex mayor of Pasir Ris Punggol GRC for so many years no need to question why those public funds of Pasir Ris Punggol GRC that is supposed to be used for estate maintenance can be used to become town council investment money ? This type of e***b*** Teo Ser Luck still can called himself accountant qualified when so many millions disappear also no need to check ? Pui to the beast Teo Ser Luck ! Is there big thief inside the Punggol Pasir Ris GRC ? What about the previous Punggol East millions disappear case too ?

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  • oxygen:

    @ Is CPF a scam?

    BRILLIANT INSIGHTS and to add insults to injury, their property law definition of those buyers of HDB flats as “TENANTS” in the deed transfer documentation. NOW that is the exact LAW DEFINITION enforceable in the courtroom to final outcome of any challenges, stripped away the charade of political rhetoric or its deceptive semantic/propaganda of home “ownership”.

    But what matters more is WHERE AND WHAT HAPPENED to the wealth undressed of peasants gone to? Is it already spent ( I know they claim to give each adult peasants over $23,500 dollars of thereabout but each received only $600 cash in pandemic relief to end soon), or lost in gambling in casino somewhere such that in the next sweep of pandemic wave, there is no more relief assistance because the state coffer is empty

    Or some of the money still not spent or lost are stored in hollow log creative accounting – available to be splashed as election lolly largesse in the next GE?

    Is CPF a scam?: Imagine you are forced to contribute your entire HDB / private flat to a new Central Housing Coop, and in return you are credited rent at $200 a month. Note “credited”. You only receive your miserably low rent when you are 65 year old.

    Is the CPF similar to such a scheme?

    GD Star Rating
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  • Oxy misses:

    By the way, another miss ?

    Bitcoin’s price approaches US$19,000 as cryptocurrency’s true believers bet on it surpassing its all-time record
    https://www.google.com/amp/s/amp.scmp.com/business/money/money-news/article/3110806/bitcoins-price-approaches-us19000-cryptocurrencys-true

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  • oxygen:

    @ Oxy misses

    I SINCERELY wish the believers of bitcoin best of luck.

    I AM “ALLERGIC” to such digital creation.

    Oxy misses: By the way, another miss ?

    Bitcoin’s price approaches US$19,000 as cryptocurrency’s true believers bet on it surpassing its all-time record
    https://www.google.com/amp/s/amp.scmp.com/business/money/money-news/article/3110806/bitcoins-price-approaches-us19000-cryptocurrencys-true

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