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  #39 (permalink)  
Old 30-03-2012, 10:08 AM
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Originally Posted by Advisor View Post
Perhaps I am lucky or blessed whatever u call it.I had three breaks of buying properties at the lower end of the cycle and selling them for a profit.These properties are in D9and 11.In addition,I invested into a great Japanese f&b restaurant biz and resold it to a Japanese entity for a handsome profit.Possibly these contributed to my accumulation of assets over the years.I say I am pretty big risk taker and looking back I perhaps may not do now what I did then
In addition I said I retired from full time fixed salary job lah not totally retired from work and shake leg.I still need income to sustain myself.
So now the story of your wealth change from returns of 5% - 10% & prudent savings to you were "lucky or blessed" and manage to make big profits from properties and a restaurant?

You claimed earlier in a nonchalant way that "There is no secret actually.Properties,blue chips,fixed income and trust funds generate the cash flow for me." Now the story appears to be that you took a big gamble and leveraged aggressively during a downturn and also dabbled in some form of entreprunership / angel capital.

Even if that's the case why mislead others into thinking that somehow by saving wisely and investing prudently one can retire with 6k passive income and millions of assets by 40? It is obvious that the bulk of your wealth comes from heavily leveraged property speculation & entreprunership / angel capital, it has little to do with blue chips, fixed income or trust funds like you claimed earlier.
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