Moderators: alvin, learner, Dennis Ng
archonmage wrote:Hi, Dennis.
Personally, I must said that your seminar is priceless as it have encompasses every aspect of wealth creation.
I can speak based on what I have experienced.
The first step is to CONCEIVE and BELIEVE, whatever one conceive and believe it, it can come TRUE eventually. Why don't people do it, perhaps, there are many reason behind it, and which is why they are still poorer, both mindset and financially.
The second step would be ACTION. To take the necessary steps to achieve the goals in mind, in my case, financial freedom (in the near future)
Someone might said HOW to do it? I must said that the "HOW" part will come to you, just like a miracle.
I first met Dennis in 2005 in a 1 day financial awareness talk seminar conducted by him. Along the way, I have my ups and downs. Meeting the teacher now again is a entirely refreshing experience to me. But this time round, I am ready.
Dennis, thanks for your selfless tutelage
Best Wishes and Regards,
Alex Mak
dragonhart2 wrote:it is quite obvious that the invisible hands also use 20, 50 and 200 MA....to play the market......i guess that's why these are reliable indicators.....though they are laggard indicatiors...but they do give u an edge over other retail players.....more importantly, it tells u the Major trend so u wont' be so anxious when the market goes against your trade. go along with the Major and u won't go very far wrong.........helps alot on handling your emotions.
i have a trader colleague, who has been trading stocks for at least 10 years. when he told me he bot Cosco at 1.43 (bargain price...just dropped from 1.7)....i told him, Cosco is going down hill....catching falling knife......refused to believe me.... dropped to 1.35 ....asked him to cut....refused to lose and pay cash to keep the position.....now 90 cts liao...i cut lose at 1.785 before the decline and never look back.
recently he bot Noble at 1.5 (before this wrong purchase, he had made a few rounds like 15 cents on Noble)...again...i told him it is down trend......went up to 1.65...still don't want to sell(can profit like $500...greedy...want to wait for 1.70).....say i Dr DOOM...u asked me to sell...see ,,,,went up........next day dropped 45 cents...1.2...now 1.12.....again licking his wounds liao.....NEVER demand what price the market should give based on your entry......Illusion of control at play.....we don't make the market.....it was apparent the 1.70 is out of reach....told him to run...
i haven't talked about Oceanus....bot 14 cents...cheap hor? now 8 cents....
on hindset....it's good that he only knows long.....dunno short, CFD.
btw his bro is a propriety trader...who gave him tips on which counter he is playing.
this is gambling.....playing with fire without knowing what's coming....shooting in the dark.....just focusing on price and volume alone..........after i learnt Moving Averages from Dennis....it is so simple to use, the problem is perhaps lack of patience when using it..and failed to follow it............i know what's ahead so i no longer make such mistakes....need lots patience, confidence and belief.
PS: For traders wannabes....know wat u are doing....
regards,
jason.
positive7 wrote:Hi Dennis: What would you advise people who are 50 plus without the luxury of time and the sgd6k monthly salary? The millionaire journey seems so tough though we can have a dream and listen to inspirational songs daily. Undeniably your forum has been very educational. Cheers !
positive7 wrote:Hi Dennis: What would you advise people who are 50 plus without the luxury of time and the sgd6k monthly salary? The millionaire journey seems so tough though we can have a dream and listen to inspirational songs daily. Undeniably your forum has been very educational. Cheers !
Dennis Ng wrote:Welcome to the 133rd Issue of Weekly e-newsletter by www.HousingLoanSG.com. This week I like to share with you "Why did Dennis resign from bank 10 years ago?”
If you have friends who like to receive this information-rich FREE Weekly E-Newsletter, ask them to go to our website http://www.HousingLoanSG.com where they can sign up immediatelyand get a FREE Special Report "How to cut your tax legally by 23% to 59%?"
Cheers!
Dennis Ng, http://www.HousingLoanSG.com - help you get BEST Deal in Housing Loans in Singapore & Australia
Why did Dennis Resign from Bank 10 years Ago?
in year 2000, I resigned from a comfortable job in the bank, to become a Financial Planner. Becos I want to pursue My Passion and Mission to first learn how to Manage and Grow my own money and then I will teach the Public Financial Literacy, to help the public, including you, to learn how to Manage and Grow your money so that you can reach YOUR Financial Freedom.
In early years, no one know what is Mortgage Broking. Similar to Huang Ming, I had to educate the Public what is Mortgage Broking and how Mortgage Broking firm www.HousingLoanSG.com can help you get the BEST deal in Housing Loans….the first few years were very hard, in year 2003, my wife and I had to stand at HDB Hub, giving out flyers to the public….with countless people saying NO to our faces…
In year 2008, I finally reached my own Financial Freedom and I know the time has come for me to Educate the Public on Financial Literacy. I launched the First Bilingual Book on Personal Finance “Mastering Your Personal Finance” in year 2009, I also started conducting seminars, including “How to Save and Accumulate One Million Dollars”
With the development of China and India, the Middle Class in Singapore will find Life getting tougher 10 years from now, as "competition" means there is a Cap on how much your salary can Increase, while various Pressures will result in Cost of Living going up.
As a middle class earner, you will NOT get most of the subsidies, whether for Medical or other things, given to the Poor.
On the other hand, your income would be enough to make a Living but NOT sufficient for you to accumulate Your Retirement Funds if you don't learn How to Earn more than 3% annually on your Savings (becos inflation is 3%, any returns below 3% means you’re becoming poorer and poorer over time)....
Why S$1 million, becos with increasing Cost of Living, this might be the MINIMUM you need to achieve, to be able to Retire in Singapore.
alvin wrote:What another Seminar Speaker say about Dennis Ng
I interviewed Sam Goh of Wisdom Capital recently and he said this,
"I am not sure you watch soccer. I like to position myself as a young player, in this case a young English player, trying to get into the England national team. In the industry, there is a lot of established professionals like your mentor Dennis Ng, I have huge admiration for him. I see him as one of the core players in the England team, probably a John Terry or Frank Lampard. I hope that one day I will be in the position to get into the England team like him. This is how I position myself, hard work. I will always remain humble, I will not go around and say that I have a condominium with me. I always believe that there is a lot of things to learn. Right till today I believe that I have so much to learn from Dennis, I have so much to learn from Derick, and some of the other established veterans in the industry. And I believe that this will form the basis and fundamentals for the rest of my career. I will never stop learning."
Even a seminar speaker himself, views Dennis as one of the prominent teacher in financial literacy!
You can listen and read the entire interview here: http://www.bigfatpurse.com/2011/12/earned-almost-400k-from-investing-sam-goh-of-wisdom-capital/
alvin wrote:On the last day of 2011, my girlfriend noticed an old man sitting at the corner of Bras Brasah Complex holding his a plastic bag with a tube connected to his body. She felt sad for the old man and guessed that he is a patient and probably had no home to go to. She wanted to give some money to him.
She approached him and asked, "uncle,你住在这里呀?"
He said he had just discharged and had no place to stay. However, he said he could not stay at the place (Bras Brasah complex) for too long. He could not lie down as he could not lift his legs up. He survives by getting food from people in the vicinity.
She gave him money and wish him a happy new year.
He kept saying thank you to her.
PS: Dennis is right. The only way to save more Singaporeans is to teach them financial literacy, and teach them the right mindset towards life (to do good with money). There is a limit to how much we can donate. But if we can teach more people to fish, they can fish forever, and even to share the fish with more people.
accord wrote:Hi All,
Attended the "Value Investing Summit" seminar last weekend.
Speaker Ken Chee emphasised too much on Warren Bufett's way of investing.
He gave examples of how he made $$ from 2 stocks (VICOM and OKP).
His MIP (millionaire investor program) cost $3495.
My view is that its an overvalue course with only learning Warren Buffett's Value investing.
Not impressed.
Ken also conducts a closed-door free workshop during breaks to interested investor to sign up for his premium course.
It heard that it cost about $8000+ which includes MIP, mentoring session, opportunity to meet up in person with management of listed companies and may able to get insider news/tips.
**fainted**
Speaker Sarjit Singh - FCA, CPA. He gave talks about the Top 10 list to identify Fraud Companies.
He gave a very general points (such as evaluating mgt team, understand saturation, examine co track record on dividend payout, etc...)
Not impressed too, too brief, lack of details.
Dennis teaches us to look at real value and figures from Balance sheets, cashflow statement is definitely worthwhile & makes more sense.
Speaker Joey Yap is the founder of the Mastery Academy of Chinese Metaphysics, a global organisation devoted to the teachings of Feng Shui, BaZi, Mian Xiang and other Chinese Metaphysics subjects.
But I dont believes in Feng Shui.![]()
Speaker Attlee Hue works in private equity for more than 5 years and was a practicing lawyer for more than 15 years in the area of corporate law. He gave presention on Value investing on REITs. Very brief information from his 2-hr presentation.
He also offer courses during the seminar.
It cost a whopping $1999 for a day course w/o mentoring session follow-up and no forum for discussion.
Speaker Patrick Liew is the CEO of HSR Global Ltd. He is a good speaker and can bring listener to him. However he jokes more than talking about property investing.
The Mystery speaker is the founder for Pheim Asset Management (Asia) Pte Ltd; Dr Tan Chong Koay.
Basically not much show-time for him, he gave a 30 minutes presentation on his Philosophy on investing.
Basically i think the objective of this seminar is to get the audiences to sign up for their programs.
The contents of their presentation were so brief and simple that you can read it on your own from those books about Warren Buffett's way of Value Investing.
My take: Dennis's course for a 3-in-1 is a steal in term of price and knowledge we get.
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