I attended the above mentioned seminar on 14 Aug 10. Why do I attend seminars? Because I want to get new perspectives and learn things that will bring me nearer to my goals. Some people may think that it is a waste of money but I think it is a waste only if you attend with a closed mind or did not take any actions after the course. I also believe in paying for seminars. This is because you learn better and will be more attentive in class when you have parted your money. You will make sure you take back your money’s worth. It is just like hiring a gym trainer. The trainer will watch you train and probably give you guidance and encouragement. The outcome of the training will be better because you tend to work harder after paying the money. Hence, do not be stingy when it comes to learning and education. Just make sure you get back more value than what you paid for. I must say this seminar falls in this category. You may just realize you don’t know what you don’t know.
The seminar began by talking about mindset which Dennis said that it is the foremost step to riches. He go on further saying that many people want to be millionaires but only few succeed. Those who gave up do not have a BIG enough WHY. You are your greatest obstacle to wealth or anything you want in life. Ask yourself, why do you want to be rich. When you have a compelling reason, you will take action and change your situation. He also said that no other seminars or books can help you if you do not have a BIG WHY.
Having a complete financial plan is analogous to building a soccer team. We need defenders, midfielders and strikers. Defence is about building an emergency fund and getting proper insurance. He noticed many Singaporeans are overpaying their insurance premiums and yet inadequately covered. There are 2 very important types of insurance that everyone should have. Buying what one needs should be the basis of insurance. He also gave tips on what to look out for when comparing insurance policies among companies. I must admit I was clueless in what to look out for. But now I would be able to select policies that are bang for bucks!
Midfield relates to the ability to save. He emphasized this is a foundation of wealth. All financially successful people are able to save. Saving is a proof that we value money and it serves as capital for investments.
Strikers are those who score goals. We need to grow our money faster than inflation so that our purchasing power does not get eroded. This is an area that Dennis shared extensively. He has 5 personal secrets to investing, which helped him to make his first million. He showed us alternative investments that have no correlation to the stock market, so that you can still gain while the stock market goes down. He also shared the common pitfalls in investing, where some people may not even know they committed them. I am a good example, as I made one of the mistakes without me realising.
Dennis also gave warning to some of the probable scams out there and advised us to stay away from them. He shared real stories of people who lost money as much as 900k. With regard to financial gurus and successful people, he shared the best strategies from George Soros, Warren Buffett, Benjamin Graham, Robert Kiyosaki, Napoleon Hill, Jim Rogers and Oei Hong Leong.
Finally, he went in depth on debt management, how to use debts to grow wealth in a safe way. As the founder of housingloansg, he is a guru in housing loans. He gave deep insights in leveraging the power of housing loans. A very powerful tool to increase wealth tremendously in my opinion. He emphasized that the RICH employ good debts to grow wealth while the POOR worry and try to repay good debts. This is one of the most important concepts that I have learned from Dennis. If I am rich, applying this will make me richer!
As you can see, the seminar is very complete in every area of your personal finance. How much value do you think you will get out of this? It is unfair to judge the seminar solely on my words. You have to attend to feel the inspiration that Dennis is giving. It is like watching soccer in the stadium. The atmosphere is different. Humans are emotional beings and we need stimulation to be fully engaged in the learning process and effectively “download” the sound concepts into our minds. Contact me if you are interested to learn more about the seminar.
Here’s a video of the feedback from some of the graduates:
Another part:
These are the seminar contents:
- What are the Secrets to Success
- What are Secrets of the Rich and why do the Rich gets Richer
- What are the Mindset of the Rich and Poor?
- How to have a Blue Print for Financial Success?
- How to win the Financial Game and get out of the Rat Race in real life?
- How to avoid the pitfalls of investing?
- How to Increase Returns and Reduce Risks?
- How to have Maximum Coverage and Minimum Premiums? (P.S. Your Insurance agents might not want you to learn this knowledge)
- What are the 3 steps to wealth
- What are the things that Dennis disagrees with Robert Kiyosaki?
- 3 Keys to Stock Investing
- How to get the most from your unit trust? (P.S. Your financial planner might not want you to learn this knowledge)
- How to set a budget for buying a house?
- Property vs stocks, which is better and what are the differences?
- Why does the Rich take housing loans even when they have the money?
- Learn how to get richer by using good debts wisely
- How to get cash out of property without selling your property?
- Learn about investment vehicles that offers more than 5% annual returns that is not affected by the stock market volatility
- Learn how market cycle investing reduces risk and increases profit over 200%
You may also like:
- How to Save and Accumulate Your First Million Dollars
- Housing Loans for Investing vs Home Purchase, any difference?
- My Formula! Seminar by Thomas Matthew
- Top 10 Favorites of BigFatPurse 2009
- Enjoy Cash Flow and Capital Gain from Property
- How to save money?
- Rule of Thumb for your Personal Finance
- 6 Reasons Why You Should NOT Repay Your Housing Loan Early
Discover the Secrets of Singapore Trading Gurus!
Interviews with Singapore stocks, forex, futures and options traders and trainers! This book is written for you:
- learn how professionals trade
- discover their strategies, money management and approach to the markets
- understand their stories and motivation behind trading
- know your trainers before attending their courses
{ 69 comments… read them below or add one }
I bought Dennis’s book entitled ” Mastering Your Finance”. I agree he gives a good overall view of financial management. Simple to understand. Comes with a free talk on how to master your finance which is quite comprehensive. However I did not pay to attend his lecture on how to invest in stocks as I am not really into stock investment. As for paying for his talk on property investment, I hesitated as I am given the impression he sold his properties for quick gains. I believe a good property investment is one that is good during a good economy but still able to give decent returns in bad times. Also, alternatives must be considered when things don’t work according to plan eg economy sours. Good point is his book teaches how to ensure you do your sums to ensure you minimise your risk in property investment. Overall, a good book to cover many aspects of financial management, esp the defence and midfield. When it comes to strikers like property investment, my advice is please do a lot more homework.
I bought Dennis’s book entitled ” Mastering Your Finance”. I agree he gives a good overall view of financial management. Simple to understand. Comes with a free talk on how to master your finance which is quite comprehensive. However I did not pay to attend his lecture on how to invest in stocks as I am not really into stock investment. As for paying for his talk on property investment, I hesitated as I am given the impression he sold his properties for quick gains. I believe a good property investment is one that is good during a good economy but still able to give decent returns in bad times. Also, alternatives must be considered when things don’t work according to plan eg economy sours. Good point is his book teaches how to ensure you do your sums to ensure you minimise your risk in property investment. Overall, a good book to cover many aspects of financial management, esp the defence and midfield. When it comes to strikers like property investment, my advice is please do a lot more homework.
Hi Raymond,
there are many strategies to making money in property. Selling the property, which I’ve done for 2 properties in year 2007 is just one of the many strategies I share in my 1-day Secrets to Making Money in Property.
And if you attend this Property seminar, you would also realise that I teach people how to prepare for various scenarios, eg. property prices go up, or go down or not going anywhere at all.
I also share how to build a over S$100 million property portfolio by just starting with 1 property in the seminar.
Some of my graduates feedback to me that they “learned more from my 1-day Property Seminar than some other 3-day Seminars out there where they paid S$3,000 or more….while my seminar cost a fraction of these seminars.
Cheers!
Dennis Ng
Hi Raymond,
there are many strategies to making money in property. Selling the property, which I’ve done for 2 properties in year 2007 is just one of the many strategies I share in my 1-day Secrets to Making Money in Property.
And if you attend this Property seminar, you would also realise that I teach people how to prepare for various scenarios, eg. property prices go up, or go down or not going anywhere at all.
I also share how to build a over S$100 million property portfolio by just starting with 1 property in the seminar.
Some of my graduates feedback to me that they “learned more from my 1-day Property Seminar than some other 3-day Seminars out there where they paid S$3,000 or more….while my seminar cost a fraction of these seminars.
Cheers!
Dennis Ng
Hi Dennis
Yes I have heard of those 3 -day seminars which cost several thousands of dollars teaching people how to invest in properties. In fact I have been to one of these free talks which cajole the audience into signing up for these courses where you can invest with little money. If you multiply the number of attendees for such courses by $3000, you will know why these courses are run. The speaker is usually one who claims to own or co-own many properties. To entice the audience further, you can become part of a networking group that can invest in properties further. Best of all is you can soon own properties with no money down. If it sounds too good to be true, then caveat emptor.
Hi Dennis
Yes I have heard of those 3 -day seminars which cost several thousands of dollars teaching people how to invest in properties. In fact I have been to one of these free talks which cajole the audience into signing up for these courses where you can invest with little money. If you multiply the number of attendees for such courses by $3000, you will know why these courses are run. The speaker is usually one who claims to own or co-own many properties. To entice the audience further, you can become part of a networking group that can invest in properties further. Best of all is you can soon own properties with no money down. If it sounds too good to be true, then caveat emptor.
I also read Dennis’s book….it has several good concepts and ideas….but abit low in content and simplistic….I suppose the point is to go and attend the seminar….as for whether it is useful or not I can’t comment since I did not attend…..go with an open mind….for how much? 98 dollars should be good value for money…. for me I did not attend because I probably already know 75% of what Dennis is teaching….I think that it’s abit late to go into properties now….I can’t find any that satisfies my criteria…plus the big capital outlay in Singapore makes it tough for the average man to invest in properties…last time with 90% financing and no seller tax…it’s possible….I give you my own real life example….I just bought a property for 868K….assuming prices can go up another 10%….and I sell for $954800….net off buyer and seller’s stamp duty $43884 and agent fees of say $12000….I only make $30000….roe is 15% flat….is that good enough for a 868000 investment? I don’t think so…plus I have to fork out about $200000…..how many Singaporeans have $200000 spare cash excluding emergency fund…thus I don’t think it is practical for the average Singapore….especially now that property prices had run up s much….will the average Singapore be able to benefit from these teachings? I think not….
Stocks maybe yes….you can earn compounded returns of 20% if you are able to pick the right stocks in any market conditions….however how much risk you want to take? and assuming you have a capital of $100000…..how long will it take for you to reach 1 million? unless you trade on margin which is risky for the novice to average investor….
Sometimes it boils down to luck…..if I was born 2 years earlier….I would have been able to make more of out the greateset financial crisis in 2007/8….however now markets are moving sideways with the propensity to go either way…I may have to wait another 8 years before we go into a real solid bull run again…..
Maybe I should start a seminar how to turn $100000 into 1 million….idea huh….
I also read Dennis’s book….it has several good concepts and ideas….but abit low in content and simplistic….I suppose the point is to go and attend the seminar….as for whether it is useful or not I can’t comment since I did not attend…..go with an open mind….for how much? 98 dollars should be good value for money…. for me I did not attend because I probably already know 75% of what Dennis is teaching….I think that it’s abit late to go into properties now….I can’t find any that satisfies my criteria…plus the big capital outlay in Singapore makes it tough for the average man to invest in properties…last time with 90% financing and no seller tax…it’s possible….I give you my own real life example….I just bought a property for 868K….assuming prices can go up another 10%….and I sell for $954800….net off buyer and seller’s stamp duty $43884 and agent fees of say $12000….I only make $30000….roe is 15% flat….is that good enough for a 868000 investment? I don’t think so…plus I have to fork out about $200000…..how many Singaporeans have $200000 spare cash excluding emergency fund…thus I don’t think it is practical for the average Singapore….especially now that property prices had run up s much….will the average Singapore be able to benefit from these teachings? I think not….
Stocks maybe yes….you can earn compounded returns of 20% if you are able to pick the right stocks in any market conditions….however how much risk you want to take? and assuming you have a capital of $100000…..how long will it take for you to reach 1 million? unless you trade on margin which is risky for the novice to average investor….
Sometimes it boils down to luck…..if I was born 2 years earlier….I would have been able to make more of out the greateset financial crisis in 2007/8….however now markets are moving sideways with the propensity to go either way…I may have to wait another 8 years before we go into a real solid bull run again…..
Maybe I should start a seminar how to turn $100000 into 1 million….idea huh….
Well said! It is always easy to talk and teach but not so easy and simple to turn a plan into success.
Many times the success of a plan depends on luck. With luck on your side, you will have the means to do the right things at the right time. Even then, you still need the luck to have a favorable outcome.
The talk will be useful if someone can show in detail, not in concepts, how to turn a small capital into $1 million. Such talk will be more meaningful to the average joe.
Many people think they know. But do they really? Knowing and Doing are 2 different things.
Each year I read 30 to 40 books and invest at least S$10,000 to S$20,000 attending various seminars. I don’t claim to “know”, in fact, I always read a book and attend seminars with an open mind.
Some people wished they are born earlier. Some people wished they are born in a Rich family. Most people wish for Something and hope to get Something for Nothing.
Wishes will NOT get anyone anywhere.
Stop blaming on luck and other things. These are things Beyond Our Control. When you focus on things beyond your control, you make yourself feel helpless, and how does that Help you or benefit you in anyway?
Instead think about What’s Within Your Control.
You can read a book, attend seminars or simply talk to people who are more experienced to learn from them.
As Bruce Lee said to a guy who came up to him and said he wanted to learn from Bruce Lee. Bruce Lee simply said:”to learn, you need to first Empty Your Cup. No Water can go into a Full Cup.
Cheers!
Dennis Ng
Many people think they know. But do they really? Knowing and Doing are 2 different things.
Each year I read 30 to 40 books and invest at least S$10,000 to S$20,000 attending various seminars. I don’t claim to “know”, in fact, I always read a book and attend seminars with an open mind.
Some people wished they are born earlier. Some people wished they are born in a Rich family. Most people wish for Something and hope to get Something for Nothing.
Wishes will NOT get anyone anywhere.
Stop blaming on luck and other things. These are things Beyond Our Control. When you focus on things beyond your control, you make yourself feel helpless, and how does that Help you or benefit you in anyway?
Instead think about What’s Within Your Control.
You can read a book, attend seminars or simply talk to people who are more experienced to learn from them.
As Bruce Lee said to a guy who came up to him and said he wanted to learn from Bruce Lee. Bruce Lee simply said:”to learn, you need to first Empty Your Cup. No Water can go into a Full Cup.
Cheers!
Dennis Ng
Well Said Dennis!….well I am not doing nothing….just that I cannot find any investment that satisfies my criteria at the moment…of course with time I am sure I can reach there….just that in a non trending market it’s hard to make money….
As for not attending seminars….well…it’s just that there are too many bogus ones out there….and it’s such crap and asking you to spend money in return for nothing back…if not it’s just for you to test their systems or buy their products…I believe your seminar is a good one and many people can benefit from it…still it’s the delivery that is important….but if you are a fresh graduate with not much capital they can benefit from the knowledge but are they able to make it big with no capital?
Well Said Dennis!….well I am not doing nothing….just that I cannot find any investment that satisfies my criteria at the moment…of course with time I am sure I can reach there….just that in a non trending market it’s hard to make money….
As for not attending seminars….well…it’s just that there are too many bogus ones out there….and it’s such crap and asking you to spend money in return for nothing back…if not it’s just for you to test their systems or buy their products…I believe your seminar is a good one and many people can benefit from it…still it’s the delivery that is important….but if you are a fresh graduate with not much capital they can benefit from the knowledge but are they able to make it big with no capital?
maybe we put it this way, a graduate should learn how to invest early, so that he knows what to do with the money when he has it.
Imagine he does not learn how to grow the money. Once he has it, he may not cherish it that much as he does not see the potential the pool of money can grow to. He tends to squander away. Or even if he don’t, keeping it in the bank is not going to help him much financially.
maybe we put it this way, a graduate should learn how to invest early, so that he knows what to do with the money when he has it.
Imagine he does not learn how to grow the money. Once he has it, he may not cherish it that much as he does not see the potential the pool of money can grow to. He tends to squander away. Or even if he don’t, keeping it in the bank is not going to help him much financially.
Dennis deserves the credit for a providing a good basic financial education. His aim is to teach a man how to fish (how to invest) rather than provide the fish. So I think Dennis has done a great job since teaching a man how to fish is not so easy, especially for someone who has never fished.
I can also see from Chemmie’s point of view. For someone who has already started fishing, he probably knows where to fish and may even have fellow anglers who can give him good advice on fish baits etc…So asking him to pay for a course on how to fish may not be worth it.
If I were a multi-millionaire property investor, will I teach Chemmie to be one? Yes if I want him to be my partner and know his background well. No if I know he will learn and become a rival in purchasing properties, esp if in Singapore only.
Dennis deserves the credit for a providing a good basic financial education. His aim is to teach a man how to fish (how to invest) rather than provide the fish. So I think Dennis has done a great job since teaching a man how to fish is not so easy, especially for someone who has never fished.
I can also see from Chemmie’s point of view. For someone who has already started fishing, he probably knows where to fish and may even have fellow anglers who can give him good advice on fish baits etc…So asking him to pay for a course on how to fish may not be worth it.
If I were a multi-millionaire property investor, will I teach Chemmie to be one? Yes if I want him to be my partner and know his background well. No if I know he will learn and become a rival in purchasing properties, esp if in Singapore only.
Actually I think the best solution for a fresh graduate is to be a high flyer in his career first and build up his capital…at most he can do a RSP for the longer term…personally I know many young people who invest in all kinds of things wanting to strike it rich but maybe only 1% succeed….for me after I grad…I worked my butt off for 3 years to save up $66000 a year to get my seed capital of $200000….let me ask you how many people can save $66000 a year…most fresh grads only earn $42000 a year…I was badly affected by the financial crisis for the past 2 years career wise but still managed to make $100000 over the past 2 years via properties and mutual funds….now my net worth is $300K+ excluding the property I intend to shift in next year….different people different strokes….this is a good website to share and debate….but end of the day I am still inspired by Dennis’s wish for the average Singaporean to have one million by 45?….
Actually I think the best solution for a fresh graduate is to be a high flyer in his career first and build up his capital…at most he can do a RSP for the longer term…personally I know many young people who invest in all kinds of things wanting to strike it rich but maybe only 1% succeed….for me after I grad…I worked my butt off for 3 years to save up $66000 a year to get my seed capital of $200000….let me ask you how many people can save $66000 a year…most fresh grads only earn $42000 a year…I was badly affected by the financial crisis for the past 2 years career wise but still managed to make $100000 over the past 2 years via properties and mutual funds….now my net worth is $300K+ excluding the property I intend to shift in next year….different people different strokes….this is a good website to share and debate….but end of the day I am still inspired by Dennis’s wish for the average Singaporean to have one million by 45?….
in a non-trending stock market cannot make money?
Interestingly, this year I have invested in some stocks that gave me 30% to over 50% in just a few months, while the Singapore stock market is non-trending, fluctuating between 2,700 to 3,000 points.
As I said, many people think they know. But do they really know?
And if someone like me is still attending seminars and reading books and investing S$10,000 to S$20,000 on learning every year, then perhaps if you don’t learn, you will NOT know what you don’t know or what upside you missed.
I used 15 years to reach my first million dollars in year 2008. But I think I might be able to reach my 2nd million dollars by end of year 2010, or just 2 years instead, and I aim to reach S$10 million in 5 years.
Can I reach my 2nd million without reaching my first? Of course not. Can I reach my 10 million without reaching my 2nd million? Of course not.
Of course there are many bogus seminars and courses out there, but there are Real Ones as well.
My suggestion is to learn from Real Millionaires who made their millions from investing.
Whether you (general public out there, not addressing to anyone in particular) attend my seminars or not does NOT really make a big difference to me. But attending my seminar might make a Big difference to you.
What’s the downside risk of attending my seminar?
What’s the Upside potential?
A Real Investor would take action if the upside potential is at least twice of the downside risks. What about you? (the public in general).
Cheers!
Dennis Ng
in a non-trending stock market cannot make money?
Interestingly, this year I have invested in some stocks that gave me 30% to over 50% in just a few months, while the Singapore stock market is non-trending, fluctuating between 2,700 to 3,000 points.
As I said, many people think they know. But do they really know?
And if someone like me is still attending seminars and reading books and investing S$10,000 to S$20,000 on learning every year, then perhaps if you don’t learn, you will NOT know what you don’t know or what upside you missed.
I used 15 years to reach my first million dollars in year 2008. But I think I might be able to reach my 2nd million dollars by end of year 2010, or just 2 years instead, and I aim to reach S$10 million in 5 years.
Can I reach my 2nd million without reaching my first? Of course not. Can I reach my 10 million without reaching my 2nd million? Of course not.
Of course there are many bogus seminars and courses out there, but there are Real Ones as well.
My suggestion is to learn from Real Millionaires who made their millions from investing.
Whether you (general public out there, not addressing to anyone in particular) attend my seminars or not does NOT really make a big difference to me. But attending my seminar might make a Big difference to you.
What’s the downside risk of attending my seminar?
What’s the Upside potential?
A Real Investor would take action if the upside potential is at least twice of the downside risks. What about you? (the public in general).
Cheers!
Dennis Ng
Interesting….I will encourage more people to sign up for your seminars….
This year I did managed to make 200% returns in the 1st half of the year…but I was referring to right now where it’s much harder to generate the returns…but you are right…with your knowledge they are always opportunities in the market…..as SM Lee says Live Till Old Learn Till Old and never retire!
Interesting….I will encourage more people to sign up for your seminars….
This year I did managed to make 200% returns in the 1st half of the year…but I was referring to right now where it’s much harder to generate the returns…but you are right…with your knowledge they are always opportunities in the market…..as SM Lee says Live Till Old Learn Till Old and never retire!
Other than percentage returns, another important thing is when you Make Money, how much Capital did you invest. eg. a Person who trades Option can easily make 100% to 500% returns, but the question is how much money did he/she stake?
Becos of the Risk Management, a trader would typically limit each single trade to 1% to 5% of his investible Capital. eg. a person having S$1 million, may only trade S$10,000 to S$50,000 on each trade.
So if a person trades S$10,000 and make 500% returns, he/she only make S$50,000 and increases his/her wealth by 5% (S$50,000 divided by S$ 1 million).
While all the Rich people I know, become really Wealthy through Investing, where they double or triple their Capital. Imagine a person with S$1 million, just by doubling his capital will reach S$2 million, and not through Trading.
Cheers!
Dennis Ng
Other than percentage returns, another important thing is when you Make Money, how much Capital did you invest. eg. a Person who trades Option can easily make 100% to 500% returns, but the question is how much money did he/she stake?
Becos of the Risk Management, a trader would typically limit each single trade to 1% to 5% of his investible Capital. eg. a person having S$1 million, may only trade S$10,000 to S$50,000 on each trade.
So if a person trades S$10,000 and make 500% returns, he/she only make S$50,000 and increases his/her wealth by 5% (S$50,000 divided by S$ 1 million).
While all the Rich people I know, become really Wealthy through Investing, where they double or triple their Capital. Imagine a person with S$1 million, just by doubling his capital will reach S$2 million, and not through Trading.
Cheers!
Dennis Ng
I must say Chemmie and Dennis have impressive returns from their investments.
It will be good if they can elaborate and share with us their investment strategies.
Perhaps a general overview. Then this website will attract more like-minded investors to contribute their ideas.
I must say Chemmie and Dennis have impressive returns from their investments.
It will be good if they can elaborate and share with us their investment strategies.
Perhaps a general overview. Then this website will attract more like-minded investors to contribute their ideas.
My investment decisions are shared in my discussion forum which is available for viewing for ALL Graduates. If you want to learn about my investment strategies, well, it will take 2 days for me to share “The Secrets to Making Money in Stocks”.
On the other hand, if someone says he made 200% returns (tripling his Wealth) in year 2010, I’m really willing to learn from him/her, if he/she is willing to teach. But if this person made 200% through Gambling/Luck and not through Investing, then I am NOT interested at all to learn from the person.
Cheers!
Dennis Ng
My investment decisions are shared in my discussion forum which is available for viewing for ALL Graduates. If you want to learn about my investment strategies, well, it will take 2 days for me to share “The Secrets to Making Money in Stocks”.
On the other hand, if someone says he made 200% returns (tripling his Wealth) in year 2010, I’m really willing to learn from him/her, if he/she is willing to teach. But if this person made 200% through Gambling/Luck and not through Investing, then I am NOT interested at all to learn from the person.
Cheers!
Dennis Ng
Indeed stocks and property investments are the main strikers in financial management. Kwek Leng Beng suggested that property investment should be the chief striker, which I totally agree. As for stocks, I recommend using SRS to buy stable blue chips to give good returns. I bought shares like SPH last 1 to 2 years with SRS and some spare cash. Prefer to sit back and collect dividends for the moment. With SRS, you buy stocks with a long term view.
Now it is also important to look at housing loan refinancing. Think DBS is offering 3 yr fixed rates at 1.28% for 1st yr, 1.68% for 2nd yr and 1.98% for 3rd yr.
Offer for month of August only…so hurry.
Indeed stocks and property investments are the main strikers in financial management. Kwek Leng Beng suggested that property investment should be the chief striker, which I totally agree. As for stocks, I recommend using SRS to buy stable blue chips to give good returns. I bought shares like SPH last 1 to 2 years with SRS and some spare cash. Prefer to sit back and collect dividends for the moment. With SRS, you buy stocks with a long term view.
Now it is also important to look at housing loan refinancing. Think DBS is offering 3 yr fixed rates at 1.28% for 1st yr, 1.68% for 2nd yr and 1.98% for 3rd yr.
Offer for month of August only…so hurry.
Wow…I did not mean to stir up so much emotions with my comments…chill guys please….yes Dennis is very sharp….200% returns is done via leverage and I only made 50K…..thus it goes back to my original arguement that a young person need to rise capital first and do well in his job to save up the capital…..the other question when I reccomended Dennis’s course to people is so how many of his students had hit the 1 million mark? The first million is often the hardest…and like Dennis says the next should be much easier….
As for Raymond’s rec on the 3 year fixed rate…it’s not the lowest in the market right now…..3 mth SOR is 0.3….so you can do the maths….but if you would like to be locked in at relatively low rates for the next 3 days the DBS one is quite good….but you should ask the guru of housing loan Dennis what….lol…
Wow…I did not mean to stir up so much emotions with my comments…chill guys please….yes Dennis is very sharp….200% returns is done via leverage and I only made 50K…..thus it goes back to my original arguement that a young person need to rise capital first and do well in his job to save up the capital…..the other question when I reccomended Dennis’s course to people is so how many of his students had hit the 1 million mark? The first million is often the hardest…and like Dennis says the next should be much easier….
As for Raymond’s rec on the 3 year fixed rate…it’s not the lowest in the market right now…..3 mth SOR is 0.3….so you can do the maths….but if you would like to be locked in at relatively low rates for the next 3 days the DBS one is quite good….but you should ask the guru of housing loan Dennis what….lol…
buying Blue Chips unless you buy at very low prices, otherwise the returns are quite miserable. There are stocks I bought which went up 35% in just less than 2 months, better than receiving dividends of 5% for 7 years.
Unless you learn more about Secrets to Making Money in Stocks and Property, it is unlikely that you get very good returns on your money. And if you can increase your wealth by S$100,000 and instead only increase by S$20,000, in actual fact, you’re “losing” S$80,000 (Opportunity Cost) without you knowing it.
From 6 Sep to 13 Sep 2010, I’ll be in KL attending 8-day seminar which I paid over S$9,000 for the seminar fee alone, excluding transport and accommodation. To me, paying money to attend Seminar is an investment, and not spending money.
10 years ago I earned S$2,500 a month. 10 years later now I earn over S$25,000 a month. I don’t think that I can be who I am today without learning and APPLYING what I learned from some of the books and seminars.
If you think Education is expensive, try ignorance.
Cheers!
Dennis Ng
buying Blue Chips unless you buy at very low prices, otherwise the returns are quite miserable. There are stocks I bought which went up 35% in just less than 2 months, better than receiving dividends of 5% for 7 years.
Unless you learn more about Secrets to Making Money in Stocks and Property, it is unlikely that you get very good returns on your money. And if you can increase your wealth by S$100,000 and instead only increase by S$20,000, in actual fact, you’re “losing” S$80,000 (Opportunity Cost) without you knowing it.
From 6 Sep to 13 Sep 2010, I’ll be in KL attending 8-day seminar which I paid over S$9,000 for the seminar fee alone, excluding transport and accommodation. To me, paying money to attend Seminar is an investment, and not spending money.
10 years ago I earned S$2,500 a month. 10 years later now I earn over S$25,000 a month. I don’t think that I can be who I am today without learning and APPLYING what I learned from some of the books and seminars.
If you think Education is expensive, try ignorance.
Cheers!
Dennis Ng
So how many of your students are millionaires now? what’s the percentage?
So how many of your students are millionaires now? what’s the percentage?
my seminar is NOT a Teach you to get Rich Quick.
It’s called “How to Save and Accumulate One Million Dollars”. Personally, I took 15 years to reach my first Million, but reaching my 2nd in probably 2 years.
Thus, if a person wants to learn how to Plan, Manage and Grow their finances to reach a Million Dollars, this seminar can help the person.
Personally, I don’t believe that anyone can teach you to Become Millionaire very fast, most of them just want to give people false hopes. eg. Dr Clement Chiang, who has now disappeared from the scene.
I can teach people how to become a Millionaire since I’ve become a Millionaire myself. The questions is do you want to learn?
Of course, if you already know everything then there is NO need for you to attend any seminar or read any more books.
You can read some of the testimonials for my seminars here:
http://www.masteryourfinance.com/web/index.php?option=com_content&task=view&id=113&Itemid=48
Cheers!
Dennis Ng
Cheers!
Dennis Ng
my seminar is NOT a Teach you to get Rich Quick.
It’s called “How to Save and Accumulate One Million Dollars”. Personally, I took 15 years to reach my first Million, but reaching my 2nd in probably 2 years.
Thus, if a person wants to learn how to Plan, Manage and Grow their finances to reach a Million Dollars, this seminar can help the person.
Personally, I don’t believe that anyone can teach you to Become Millionaire very fast, most of them just want to give people false hopes. eg. Dr Clement Chiang, who has now disappeared from the scene.
I can teach people how to become a Millionaire since I’ve become a Millionaire myself. The questions is do you want to learn?
Of course, if you already know everything then there is NO need for you to attend any seminar or read any more books.
You can read some of the testimonials for my seminars here:
http://www.masteryourfinance.com/web/index.php?option=com_content&task=view&id=113&Itemid=48
Cheers!
Dennis Ng
Cheers!
Dennis Ng
If my memory did not fail me, Clement Chiang was doing so well that he could afford a property at Sentosa Cove………
That is the problem I guess many face….how to tell if a course is conducted by accredited professionals.
Apparently Clement Chiang had some professional qualifications that led many to pin their financial dreams on his courses
An article in Business Times actually called for accreditation of such courses which I think the relevant authorities should look into….
There is a Chinese saying “Jiang Tai Gong diao yu”…..caveat emptor for the willing and gullible fish gets hooked. If something is too good to be true, it probably is.
If my memory did not fail me, Clement Chiang was doing so well that he could afford a property at Sentosa Cove………
That is the problem I guess many face….how to tell if a course is conducted by accredited professionals.
Apparently Clement Chiang had some professional qualifications that led many to pin their financial dreams on his courses
An article in Business Times actually called for accreditation of such courses which I think the relevant authorities should look into….
There is a Chinese saying “Jiang Tai Gong diao yu”…..caveat emptor for the willing and gullible fish gets hooked. If something is too good to be true, it probably is.
Thanks Dennis for clarifying….there is actually a thread on your article on how to accumulate 1 million in the asiaone forum…it’s funny the comments people make… there is no point in trying to convert the fools multitude…but there are indeed many people who will benefit from your course….even rich people….my father is an example… he paid off his private property as fast as he can….and did not refinance the loan…of course hsbc was hardly helpful and they were only interested in asking him to take up additional 5th charge term loan…now that only a small balance is left it doesn’t matter anymore…but imagine if he did not pay off his cash and refinance at 1 to 2% rates…I think there would be better investments out there….so yes there is definitely a need for your seminar and I encourage people who don’t have the knowledge to attain it…for me I read many books including yours to carry on my learnings….everyone has a choice…it’s just up to them whether they want to make it or not…for me since six years ago I was determined to reach my target…i have been accused of being stingy boring and money minded….but it’s not money I crave…it’s the freedom that it can give me…yes now I spend alot more on cars money entertainment but I never forget my objective and will still die die set away 15% of my earned income for investments….this is after I had set up my emergency fund already…i am in a comfortable position but not millionaire status yet….although I have many peers at 32 who already reach it I accept my limitations and will work towards it…goal setting is very important….and I hope I can hit my one million by 40…I have my game plan which is not a get rich scheme…I am hopeing compound interest can help me along the way…
Thanks Dennis for clarifying….there is actually a thread on your article on how to accumulate 1 million in the asiaone forum…it’s funny the comments people make… there is no point in trying to convert the fools multitude…but there are indeed many people who will benefit from your course….even rich people….my father is an example… he paid off his private property as fast as he can….and did not refinance the loan…of course hsbc was hardly helpful and they were only interested in asking him to take up additional 5th charge term loan…now that only a small balance is left it doesn’t matter anymore…but imagine if he did not pay off his cash and refinance at 1 to 2% rates…I think there would be better investments out there….so yes there is definitely a need for your seminar and I encourage people who don’t have the knowledge to attain it…for me I read many books including yours to carry on my learnings….everyone has a choice…it’s just up to them whether they want to make it or not…for me since six years ago I was determined to reach my target…i have been accused of being stingy boring and money minded….but it’s not money I crave…it’s the freedom that it can give me…yes now I spend alot more on cars money entertainment but I never forget my objective and will still die die set away 15% of my earned income for investments….this is after I had set up my emergency fund already…i am in a comfortable position but not millionaire status yet….although I have many peers at 32 who already reach it I accept my limitations and will work towards it…goal setting is very important….and I hope I can hit my one million by 40…I have my game plan which is not a get rich scheme…I am hopeing compound interest can help me along the way…
as mentioned, if you think you know everything, then there is NO need to read any more books or attend any other seminars.
Dr Clement Chiang’s PHD is fake. That’s how he got into trouble.
In Singapore, nobody can “fake it” for very long.
I’m still reading books and attending seminars becos I think that there is NO ending to Learning and Learning is a Lifelong Continuous Process.
To each his own.
Cheers!
Dennis Ng
as mentioned, if you think you know everything, then there is NO need to read any more books or attend any other seminars.
Dr Clement Chiang’s PHD is fake. That’s how he got into trouble.
In Singapore, nobody can “fake it” for very long.
I’m still reading books and attending seminars becos I think that there is NO ending to Learning and Learning is a Lifelong Continuous Process.
To each his own.
Cheers!
Dennis Ng
The best way to make 1 million is to conduct seminars la…..just charge $500 per pax….300 students per month is $150000….one year already make $1.8 million…who needs to invest…that’s why there are courses on “how to make one million by being a public speaker”
Agreed! Earning money by conducting courses is most certain. It is fast also. All those plan stuff are nice and useful but may not turn out well.
The best way to make 1 million is to conduct seminars la…..just charge $500 per pax….300 students per month is $150000….one year already make $1.8 million…who needs to invest…that’s why there are courses on “how to make one million by being a public speaker”
If you have something worthwhile to teach, I’ll be willing to learn. Sign me up for your seminar.
Oops, forgot that you’ve not reached your One Million Dollars yet. Guess you have to wait till you become a Millionaire to teach others how to become a Millionaire. Otherwise, don’t say S$500, even S$5 also maybe cannot find 30 students to learn from you.
Cheers!
Dennis Ng
If you have something worthwhile to teach, I’ll be willing to learn. Sign me up for your seminar.
Oops, forgot that you’ve not reached your One Million Dollars yet. Guess you have to wait till you become a Millionaire to teach others how to become a Millionaire. Otherwise, don’t say S$500, even S$5 also maybe cannot find 30 students to learn from you.
Cheers!
Dennis Ng
lol….definitely doing much better than you at 32….
lol….definitely doing much better than you at 32….
hmmmm..thought this is suppose to be a healthy exchange of ideas…so that other readers will benefit from the comments made and learn from some of the posters as to how to build their wealth.
Instead it has now degraded into some kind of personal clashes… very kiddish indeed What happens to professionalism and maturity….
I would like to add that there are many differenct approaches ppl take to accumulate the wealth. Some relied heavily on property investment….others on stocks.and shares….some through businesses….some trade professionally uisng leverage..and yet others through a combination of all the above in varying degrees and means.
There is no one right way to build a million. As long as one is good and is able to capitalise on his strength to build up his wealth through legal means…he should be congratulated.
Opinion differs Therefore, everyone should respect each other’s way of doing things There is no such thing as one approach is better that the other.
hmmmm..thought this is suppose to be a healthy exchange of ideas…so that other readers will benefit from the comments made and learn from some of the posters as to how to build their wealth.
Instead it has now degraded into some kind of personal clashes… very kiddish indeed What happens to professionalism and maturity….
I would like to add that there are many differenct approaches ppl take to accumulate the wealth. Some relied heavily on property investment….others on stocks.and shares….some through businesses….some trade professionally uisng leverage..and yet others through a combination of all the above in varying degrees and means.
There is no one right way to build a million. As long as one is good and is able to capitalise on his strength to build up his wealth through legal means…he should be congratulated.
Opinion differs Therefore, everyone should respect each other’s way of doing things There is no such thing as one approach is better that the other.
Hi
I was a newbie in investing and had been following Dennis Ng articles in My paper in 2008-2009.
At that time I bought DBS at $6+ and read his article saying DBS and all the other local banks are considered expensive even at that price. He said that he would not buy it unless it is $4+.
Being naive, i sold my DBS without profit as I thought it would drop further.
Sometimes, you need to learn from your own mistakes, instead of listening to “experts”.
Real experts do not teach, they earn enough through their investing.
Those who teach, earn more by teaching.
Hi
I was a newbie in investing and had been following Dennis Ng articles in My paper in 2008-2009.
At that time I bought DBS at $6+ and read his article saying DBS and all the other local banks are considered expensive even at that price. He said that he would not buy it unless it is $4+.
Being naive, i sold my DBS without profit as I thought it would drop further.
Sometimes, you need to learn from your own mistakes, instead of listening to “experts”.
Real experts do not teach, they earn enough through their investing.
Those who teach, earn more by teaching.
Hi newbie, I hope you are more savvy in investment now.
To be fair to Dennis, he did not become a millionaire by teaching. He invested in stocks and property to become a millionaire.
Nobody can be right all the time. Even Warren Buffett makes mistake. These investors have many positions, such that a mistake will not make their total investment unprofitable. If you only have DBS then losing money in one position is going to affect your overall portfolio. Hence, we cannot make a judgement based on one stock.
Hi newbie, I hope you are more savvy in investment now.
To be fair to Dennis, he did not become a millionaire by teaching. He invested in stocks and property to become a millionaire.
Nobody can be right all the time. Even Warren Buffett makes mistake. These investors have many positions, such that a mistake will not make their total investment unprofitable. If you only have DBS then losing money in one position is going to affect your overall portfolio. Hence, we cannot make a judgement based on one stock.
Earlier on I did encourage people to sign up for the course….nothing vindictive…just pointing out some facts….yes everyone has their own ways to making money…just do it with a conscience…..I am not saying that Dennis courses are bad…in fact they are good…I am sure Dennis hit his first million by investing well….but I am sure he will make his multi millions via conducting his courses…of course he says that his aim is to make the average Singaporean a millionaire….if really so noble why have the fees for his courses gone up….but there is also nothing wrong with charging high fees if he feels that the courses give more value than the cost of it….and what is one million nowadays…and what’s the point of having one million is the other aspects of life is missing…
Earlier on I did encourage people to sign up for the course….nothing vindictive…just pointing out some facts….yes everyone has their own ways to making money…just do it with a conscience…..I am not saying that Dennis courses are bad…in fact they are good…I am sure Dennis hit his first million by investing well….but I am sure he will make his multi millions via conducting his courses…of course he says that his aim is to make the average Singaporean a millionaire….if really so noble why have the fees for his courses gone up….but there is also nothing wrong with charging high fees if he feels that the courses give more value than the cost of it….and what is one million nowadays…and what’s the point of having one million is the other aspects of life is missing…
Good day to all, I respect all your opinions but I think this discussion is getting unhealthy and going nowhere.
I hope to keep the blog transparent and welcome comments from readers. So I do not want to step in and do censorship, as this will prevent open sharing from people.
We should agree to disagree, and respect one another’s opinion. Let’s not argue who is right or wrong.
I know words are mightier than the swords. So let’s shake hands and make peace.
Good day to all, I respect all your opinions but I think this discussion is getting unhealthy and going nowhere.
I hope to keep the blog transparent and welcome comments from readers. So I do not want to step in and do censorship, as this will prevent open sharing from people.
We should agree to disagree, and respect one another’s opinion. Let’s not argue who is right or wrong.
I know words are mightier than the swords. So let’s shake hands and make peace.
Hi Newbie,
I’ve gone through all my articles published in My Paper. There is NO such article as quoted by me saying that DBS’s share price will drop to S$4. Please show us this article if you claimed that this is what I wrote.
Hi Newbie,
I’ve gone through all my articles published in My Paper. There is NO such article as quoted by me saying that DBS’s share price will drop to S$4. Please show us this article if you claimed that this is what I wrote.
Hi,
If it is not on My paper, then it should be on your websites or online forums.
I used to be a faithful follower, no longer now. So I did not keep the article.
You mean did not publise such articles and comments on DBS during that time ?
Anyway, my intention is to remind other newbies only.
Hi,
If it is not on My paper, then it should be on your websites or online forums.
I used to be a faithful follower, no longer now. So I did not keep the article.
You mean did not publise such articles and comments on DBS during that time ?
Anyway, my intention is to remind other newbies only.
Not that I recall of. If you can, please show my posting or article to us.
I only remember I warned about Stock market crashing in year 2007 before the stock market crash when DBS was trading above S$20.
Cheers!
Dennis Ng
Not that I recall of. If you can, please show my posting or article to us.
I only remember I warned about Stock market crashing in year 2007 before the stock market crash when DBS was trading above S$20.
Cheers!
Dennis Ng
Hello,
Not sure if anyone is reading this thread anymore, but I thought the discussion was quite intense but served as a good learning nevertheless. I thought I realised quite a bit of my own blind spots with respect to investing, after reading this thread.
For example, the posting under Chemmie (August 24, 2010 at 8:39 am) is lacking some property experience…there are alternatives which can circumvent all those negatives. I myself did pretty well during 2010 in the property market in the midst of everyone saying that the market is too hot. The same goes for the wealthy & knowledgeable people who have the right corporate structure or tax structures setup and they can easily circumvent what the masses cannot. That’s why I think Dennis made a great point in saying that “many think they know, but do they really know”? I did well in property but so-so only in stock market and I’m building up another business, so in property I spent much time and reaped healthy rewards but I realize I have blind spots in stock market investing because I said the exact same thing regarding the stock market; that Chemmie said of the property market in 2010. Actually, I just realize that if one have the correct knowledge, one can make $ in ALL sorts of market conditions, whether its stocks, property or businesses. I know people make money in UP, DOWN or SIDEWAYS stock markets (myself my stock market knowledge and experience only allowed my to wait patiently for bull markets), but my property knowledge let me make money in UP, DOWN or SIDEWAYS property markets. So, its NOT the markets, its ME !
Quek Leng Beng made vast heaps through the vehicle called property but ask Warren Buffet and he will tell you he avoids property (his only property is his own home) and he finds stock markets so much easier. The investor is the the one that makes the difference! NOT the markets, whatever conditions they are in. Crisis for some, is opportunities for others, whether be they property, stocks or business because every (property, shares, business) transaction has two sides of the coin: buyer & seller. One of them must be right, correct ?
For example, the owner of Sincere Watch sold the business at the 2007 peak and bought it back at the trough of business cycle in 2009 because he obviously know the business of luxury watches far better than the buyers of his business.
.
Who can really say whether the seller or buyer is smarter at a certain point in the market condition? It is the one with better knowledge & experience of that (property, stock or business) that makes the $
When it comes to $, guys (myself included) tends to get very ego-centric and like to compare and “compete” to show who makes the dough faster or has more. The fact of the matter is we all (including myself) has blind spots we do not realize and learning humbly from others is necessary, so that other’s comments can act as a mirror to check oneself. No matter how many millions one have or how little one is starting from, it is a continuous journey.
The historical lessons for traders can be drawn from the celebrated Jesse Livermore (who lived during the late 1800 to early 1900s) and made his fortune worth billions in today’s dollars but eventually lost most of it near the end of his life. In fact, he committed suicide due to various reasons.
See http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore
The common place warning is said that in the stock market :”the cockiest ones die the fastest”, so the moral of the story is to be humble at all times.
I’ve met multi-millionaires that are so unassuming and humble you would think they look like some of those selling char kway teow (not to say char kway teow man cannot be millionaires
and I’ve also met some a**holes talking big, very condescending and “acting” rich but actually was broke and everything came tumbling down at the right time. Like the Jesse Livermore warning/story, some things just become apparent over time. The cocky ones get slaughtered (by the next business cycle, if not by this one) because they don’t acknowledge their blind spots and continued success over time only makes them over-confident.
Finally, money is just a tool, RESPECT it but DON”T LOVE it (it will not love you back) and make as much as you want and should legally and morally because at the end of the day, its how a good a human being you have been that really matters, when we’re all gasping for our last breath on our death beds.
Have a good & happy life!