Give and You Shall Receive (Prizes for Active Forumers)

This forum is created to discuss broad Financial Principles pertaining to Personal Finance

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Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby Dennis Ng » Wed Jun 06, 2012 11:11 pm

dragonhart2 wrote:dear Dennis,

tks for acknowledging that what i share is correct...and correcting me when i am wrong.
i just hope that by sticking my neck out to post, will help other seminar graduates accelerate their progress in investing in stocks...i took 1 year to learn how to use what u took 5 min to teach about "moving averages". it is THE compass in the oceans of stock investing....by plotting the MA, the charts comes alive. Thanks!

cheers,
jason.


Hi dragonhart2,

yes, you can be assured that I'm here daily to guide and share with seminar graduates on your Path to Financial Freedom.

I have taught, it is then up to seminar graduates to try to "digest" what is being taught, to apply what is being taught, and to ask any questions which they might have in this forum. If people don't ask questions, I won't know what they don't know.

And of course, as you might have experienced, the more you share, the more you learned, it is something that anyone who share in the forum will experience. So for seminar graduates who are still just doing passive reading, I really encourage more seminar graduates to come forward to share.

Becos only when you share, then I can help correct any misconceptions that you might have, which you might not realise at all.

The more you share, the more you learn, the less you share, the less you learn.

Nothing gives me more satisfaction to witness the growth in knowledge/experience of seminar graduates. I can assure everyone that I will do my utmost to help all seminar graduates in their learning Journey, but they need to "swallow the water" (similar to learning swimming) or "fall down from the bike' (similar to learning how to cycle) themselves, I cannot swallow the water for you, I cannot fall off the bicylce for you...
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
 
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby dragonhart2 » Thu Jun 07, 2012 5:22 pm

dear Dennis,

i hope u understand that this is a numbers game too.
Out 1000 pple who attend "Path to Financial freedom workshop"...how many sign up for the 3 paid seminar....100, 200??
Out of the 100 who sign up, how many will visit this forum?...50?
Out of this 50, how many are willing to go in the water?...got sharks bo? Stock market very risky leh...many pple lost $$$$...it is gambling...may as well go Casino, more shiok?
How many actually believe wholeheartedly what u teach is really the path to financial freedom?

i didn't post this to discourage u, there are lot of pple out there who simply refuse to help themselves.....i post this as reminder for us to have a realistic expectations.....
We can only help those pple who take the first step to forward,willing to give their life a shot. Anyone who stretches his hand, we will surely pull him along...we want to help as many pple as possible............ i am sure u will continue to conduct the free "Path to Financial freedom workshop"...

we do our best to teach.....we don't give up teaching, but the onus is on the student to practise and apply what's taught.
No skills can be imparted if the student refuses to practise and apply.....it is no fault on the teacher....

When the student is ready, the teacher appears......Actually, the teacher is here all this while, just that student wasn't ready to learn....he must be awakened! :x

since i graduated 1 year ago, i have been warning pple around me about the impending crisis...nobody actually believe until the tsunami came...i told them "Don't buy this stock and that stock...."....one of my colleague bot 4 lots of Wilmar at $4.88 after he saw it came down from S6.50++.....he even recommended it to me after buying....straight away i told him, this stock is downtrend....but i can't make the decision for him to sell.....well....he just cut loss at $3.55...about $5000 losss....that's his 1 month's pay!.....another colleague bot 5 lots of Olam at $2.14...dropped to 2.08, he ask me to wack.....again i warned to cut, it's a downtrend stock.....he is still holding it....$1.65 now...mind...he has got 15 years experience trading the market!

cheers,
jason.

Dennis Ng wrote:Hi dragonhart2,

yes, you can be assured that I'm here daily to guide and share with seminar graduates on your Path to Financial Freedom.

I have taught, it is then up to seminar graduates to try to "digest" what is being taught, to apply what is being taught, and to ask any questions which they might have in this forum. If people don't ask questions, I won't know what they don't know.

And of course, as you might have experienced, the more you share, the more you learned, it is something that anyone who share in the forum will experience. So for seminar graduates who are still just doing passive reading, I really encourage more seminar graduates to come forward to share.

Becos only when you share, then I can help correct any misconceptions that you might have, which you might not realise at all.

The more you share, the more you learn, the less you share, the less you learn.

Nothing gives me more satisfaction to witness the growth in knowledge/experience of seminar graduates. I can assure everyone that I will do my utmost to help all seminar graduates in their learning Journey, but they need to "swallow the water" (similar to learning swimming) or "fall down from the bike' (similar to learning how to cycle) themselves, I cannot swallow the water for you, I cannot fall off the bicylce for you...
dragonhart2
Investing Mentor
 
Posts: 376
Joined: Fri Jul 01, 2011 5:09 pm

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby Dennis Ng » Thu Jun 07, 2012 8:43 pm

Hi dragonhart2,

what you said is true. My personal experience after attending 13 years of seminars since beginning in year 1999, is that out of 100 people who attend a seminar, only about 10 persons would after the seminar, try to apply what they learned from the seminar. For most people, they will just put the file in their book shelf to show that they have attended this seminar or show others some photos taken at the seminar.

There are times I bumped into people I met 13 years ago at the same seminar and after chatting, I realised nothing much changed in their lives at all, while they would comment that I have come a very long way from what they knew me then...

In actual fact, my sifu ever also reminded me of this, that there are so many people out there, but the fact is that many of them do not even want to learn and there is no way I can do anything to help them...he said that in his opinion, I'm just wasting my time trying to teach. Becos in order to teach, I have to have a very Open Public Profile, which to him is a big sacrifice that he himself is not willing to make, as he treasure his own privacy...

I shared with my sifu the story about the boy who tries to rescue dying starfish lying on the beach, picking up the starfish and throwing them back to the sea before they die on the beach. An adult said to the child he's just wasting his time trying to save the starfish, becos there are just too many and he won't be able to save them all...

The child picked up a starfish and before throwing (rescuing) back to the sea, he said:"to this starfish, it made a difference, it is not a waste of time..."

Personally, I have been sharing on Open Internet Discussion forums my knowledge/experience since year 1999...to tell the Truth, there are many times I almost feel like giving up, especially when my sharing is reciprocated with name calling, personal attacks etc...I also started conducted free public education talks since year 2001...

No worries, I will persevere...becos I want to emulate the child in the "star fish" story, that just becos we cannot save everyone, does not mean we don't try to save some at all...of course, I can't do this alone. Which is why my deepest hope is for ALL my seminar graduates (now about 3,000) to also share your knowledge/experience with your relatives/friends/colleagues etc, so that together, we can help to educate even more people...

And I hope that dragonhart2 you can also keep up with your sharing in the forum.

From 10 Jun to 19 Jun, I'll be having a family vacation with my family plus my mother, we'll be going to Paris and London, first time for me to visit these 2 cities...the funny thing is my worry is not about whether my 82 year old mother has the strength to walk, but her son...

Anyway, I'll be focusing 100% of my attention on my family for the 10 days and I'll not be logging in to this forum during this period.

Becos I believe in being 100% Present at all times, be it spending time with my family or here in this forum, or when I teach in the seminar, I don't think of anything else at the same time.


dragonhart2 wrote:dear Dennis,

i hope u understand that this is a numbers game too.
Out 1000 pple who attend "Path to Financial freedom workshop"...how many sign up for the 3 paid seminar....100, 200??
Out of the 100 who sign up, how many will visit this forum?...50?
Out of this 50, how many are willing to go in the water?...got sharks bo? Stock market very risky leh...many pple lost $$$$...it is gambling...may as well go Casino, more shiok?
How many actually believe wholeheartedly what u teach is really the path to financial freedom?

i didn't post this to discourage u, there are lot of pple out there who simply refuse to help themselves.....i post this as reminder for us to have a realistic expectations.....
We can only help those pple who take the first step to forward,willing to give their life a shot. Anyone who stretches his hand, we will surely pull him along...we want to help as many pple as possible............ i am sure u will continue to conduct the free "Path to Financial freedom workshop"...

we do our best to teach.....we don't give up teaching, but the onus is on the student to practise and apply what's taught.
No skills can be imparted if the student refuses to practise and apply.....it is no fault on the teacher....

When the student is ready, the teacher appears......Actually, the teacher is here all this while, just that student wasn't ready to learn....he must be awakened! :x

since i graduated 1 year ago, i have been warning pple around me about the impending crisis...nobody actually believe until the tsunami came...i told them "Don't buy this stock and that stock...."....one of my colleague bot 4 lots of Wilmar at $4.88 after he saw it came down from S6.50++.....he even recommended it to me after buying....straight away i told him, this stock is downtrend....but i can't make the decision for him to sell.....well....he just cut loss at $3.55...about $5000 losss....that's his 1 month's pay!.....another colleague bot 5 lots of Olam at $2.14...dropped to 2.08, he ask me to wack.....again i warned to cut, it's a downtrend stock.....he is still holding it....$1.65 now...mind...he has got 15 years experience trading the market!

cheers,
jason.

Dennis Ng wrote:Hi dragonhart2,

yes, you can be assured that I'm here daily to guide and share with seminar graduates on your Path to Financial Freedom.

I have taught, it is then up to seminar graduates to try to "digest" what is being taught, to apply what is being taught, and to ask any questions which they might have in this forum. If people don't ask questions, I won't know what they don't know.

And of course, as you might have experienced, the more you share, the more you learned, it is something that anyone who share in the forum will experience. So for seminar graduates who are still just doing passive reading, I really encourage more seminar graduates to come forward to share.

Becos only when you share, then I can help correct any misconceptions that you might have, which you might not realise at all.

The more you share, the more you learn, the less you share, the less you learn.

Nothing gives me more satisfaction to witness the growth in knowledge/experience of seminar graduates. I can assure everyone that I will do my utmost to help all seminar graduates in their learning Journey, but they need to "swallow the water" (similar to learning swimming) or "fall down from the bike' (similar to learning how to cycle) themselves, I cannot swallow the water for you, I cannot fall off the bicylce for you...
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
 
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby racoon12 » Thu Jun 07, 2012 11:44 pm

Dennis

Wish you have a joyous trip...and do take care of yourself.

Many thanks
racoon12
Platinum Forum Contributor
 
Posts: 342
Joined: Sun Jan 29, 2012 2:02 am

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby WM » Fri Jun 08, 2012 12:23 am

Hi Dennis,
Thank you very much for continuing to share your knowledge even though you have been told by your sifu that this might be a waste of time.
I like your star fish story very much & would like to share how much I have benefited from attending your seminar & reading your daily posting.
I have read financial investing books 15years back when I was still in college & release the power of compounding interest. I was thinking that by saving 20-30% of my income and invest with the interest of 10-15% p.a. I would be financial ok when approaching retirement.
However, my journey of investing was disappointing. In good time, I can earn 20-40% from unit trust but everything was wiped off during market crash. My financial advisor told me it is unavoidable. I’ve also burned by oilpod, caught in stock market etc. My wife has almost decided to give up in investing & prepare to put our savings in the bank.
When I read your 1st book, I was so happy & grateful that someone is actually teaching people how to reach financial freedom, in a simple to understand way. Moreover, your teaching is very comprehensive as it also covers how to plan for insurance. At that time, I was so disappointed with some agents who keep proposing expensive policies that I have stopped reviewing my policies for more than 7 years.
Learning from your teaching gives hopes & new life to our family. I have revised my insurance coverage & I know that one day I will reach financial freedom if I continue to learn & invest wisely. I fully support your Goal to help 1 million people reach S$1 million, & to continue helping the poor for a better loving society.
Dennis, I sincerely appreciate your teaching & guidance. Please continue to share your knowledge & view as it really makes lots of difference to me, my family & the society. I am one of the starfish that desperately need a helping hand to rescue. I believed many graduates feel the same, but mostly are silent reader.
Cheers…
Wee Meng
WM
Silver Forum Contributor
 
Posts: 27
Joined: Sun Nov 27, 2011 11:11 pm

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby Dennis Ng » Fri Jun 08, 2012 9:24 am

Hi WM (Wee Meng),

thanks for your message.

Becos sometimes I really don't know whether I'm doing is what people want or need, as most seminar graduates as you mentioned, are mostly silent readers...so sometimes everyday when I spend 3 to 5 hours on this forum sharing, sourcing for news/articles to post on the forum, I wonder how many people visit the forum everyday.

Thus, it is very heartwarming to read what you wrote.

Do not give up. I've been through what you've been through as well. I remember there was a time I was so enamoured about Robert Kiyosaki, I would buy all his books and attended his seminars and I even conducted the Cashflow Game sessions for 2 years to share his teachings...however, as I learned from multi-millionaires, I realised some of the things he taught are wrong eg. this over-emphasis on Cashflows...which if you think about it if a person has S$100,000 and buys a S$500,000 property to receive rental income (cashflow), after taking a S$400,000 which might need him to pay S$1,700 Housing loan instalment, he's only left with S$300 (before deducting other costs, eg. tax, insurance, condo management fees etc)...so his Net Cashflow might be S$100...how long will it take this person to reach S$1 million? Answer is 833 years!!!

Then I realised that one might not able to become Rich applying what Robert Kiyosaki teach. Furthermore, he also teach very little on the "How" (how to choose stocks, how to choose properties)...my friend attended his over S$3,000 3 full-day seminar and was very disappointed that even a 3-day seminar he taught very little...

Then I learned Value Investing and tried to invest like Warren Buffett...however, I realised it might not work especially if one does not have TA knowledge and might end up buying stocks when the stock market is in a downtrend...

It was then one of my mutli-millionaire sifu "enlightened me" when he said TA and FA are like 2 eyes, it's better to see the world with 2 eyes....that I realised the importance learning TA (Technical Analysis) as well...

until another multi-millionaire sifu "enlightened me" when he shared that there are "Invisible Hands" in the market, so just having 2 eyes (FA and TA) might not be enough, you need the 3rd eye to see the "Invisible Hands"...

So that's how I learned over the years (from 1999 to 2008), from many different sifus, from many different books, from Jim Rogers, George Soros, Benjamin Graham, Warren Buffett, Philip Fisher, Peter Lynch etc, etc...and then at one point of time it get more and more confusing as each of them may say something that is different or contradict another person...it took me a very, very long time before I finally seem to be able to piece together all these different Jig Saw puzzles into now what I teach in my 3 seminars, How to Save and Accumulate One Million Dollars; Secrets to Making Money in Stocks and Secrets to Making Money in Property...

I hope that through my sharing, that I can help many people out there, like yourself to avoid the many pitfalls of investing and the many Trials and Errors and Confusion reading/learning from different books...

Becos when I look at myself, I would not have the knowledge/experience I have today without learning from all these people I mentioned, so I just want to "pass it on"...

One thing I realised missing in most seminars is the "follow up"...that the seminar speaker disappear after the seminar and I as the seminar graduate have no one to turn to when I encounter questions or need to clarify anything taught in the seminar...

That's why I set up this Discussion Forum, to provide a simple, easy to Access, on-going After Seminar Coaching/Guidance on a daily basis.

Seminar graduates by searching key words in the search button in at the top right hand corner of the Forum, can also easily find whether any question has been previously answered or any stocks already discussed...so as time goes by, this Forum will become a Priceless Treasure Trove, with lots of valuable information/knowledge/experience sharing that can benefit everyone (including members of the public, who can view 80% of the forum, except specific sections closed to Seminar Graduates becos we discussed Terms taught in the seminars which they might not understand)...

Anyone would also realise that I'm probably the ONLY Trainer/Speaker in Singapore that is the most active in Public FREE Education, I write fortnightly (alternate Tuesday) for My Paper.sg My Paper newspaper; now has a weekly Radio program on Capital Radio 95.8 FM every Thursday 10.10 am to 11 am; share on CPF Board's imsavvy.sg "savvy blog corner"; write on monthly basis for share investment magazine, http://www.sharesinv.com/author/dennis-ng/ ; write for bi-monthly magazine "Home Buyer" etc, etc...

Yes, you can be assured that I will continue to educate the public. I told my wife that if have just 1 last breath left, I want to be use the last breath to teach the public...(yes, this may sound unbelieveable for most, including my wife, but I really mean it).

So I urge all seminar graduates NOT to give up on your Path to Financial Freedom, becos everyone can succeed, the only people who fail are those that ...give up. Think about it.

I will do all that I can to help, but seminar graduates need to do your part to learn, to visit the forum daily to read/learn/ask questions as well.

Cheers!

Dennis Ng

WM wrote:Hi Dennis,
Thank you very much for continuing to share your knowledge even though you have been told by your sifu that this might be a waste of time.
I like your star fish story very much & would like to share how much I have benefited from attending your seminar & reading your daily posting.
I have read financial investing books 15years back when I was still in college & release the power of compounding interest. I was thinking that by saving 20-30% of my income and invest with the interest of 10-15% p.a. I would be financial ok when approaching retirement.
However, my journey of investing was disappointing. In good time, I can earn 20-40% from unit trust but everything was wiped off during market crash. My financial advisor told me it is unavoidable. I’ve also burned by oilpod, caught in stock market etc. My wife has almost decided to give up in investing & prepare to put our savings in the bank.
When I read your 1st book, I was so happy & grateful that someone is actually teaching people how to reach financial freedom, in a simple to understand way. Moreover, your teaching is very comprehensive as it also covers how to plan for insurance. At that time, I was so disappointed with some agents who keep proposing expensive policies that I have stopped reviewing my policies for more than 7 years.
Learning from your teaching gives hopes & new life to our family. I have revised my insurance coverage & I know that one day I will reach financial freedom if I continue to learn & invest wisely. I fully support your Goal to help 1 million people reach S$1 million, & to continue helping the poor for a better loving society.
Dennis, I sincerely appreciate your teaching & guidance. Please continue to share your knowledge & view as it really makes lots of difference to me, my family & the society. I am one of the starfish that desperately need a helping hand to rescue. I believed many graduates feel the same, but mostly are silent reader.
Cheers…
Wee Meng
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
 
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby racoon12 » Fri Jun 08, 2012 9:42 am

Thank U Dennis
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Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby Dennis Ng » Fri Jun 08, 2012 10:08 am

racoon12 wrote:Dennis

Wish you have a joyous trip...and do take care of yourself.

Many thanks


thanks. I will.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
 
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby dragonhart2 » Fri Jun 08, 2012 11:15 am

no worries...rest assured i will keep on sharing...though at times i also feel like nobody is reading it... :x
i just share without expecting anything in return....i do know that for every reader who responds, there are probably 5 or even 10 who are silent and remain silent. Singaporeans are generally shy and doesn't want to be in the spot light.....When i/u receive an appreciation note or PM, i/u know that our efforts are not in vain.

like i said, we just do our part to teach...whether the students will practise and apply is really up to them....All teachers understands and accept this....

The unenlightened poor starfishes will keep getting washed ashore, we just try make a difference to each starfish we see. If there are more of us at the beach thinking this way, then we make a difference to more starfishes....and if there are more pple thinking this way all over the world...it will eventually make a significant difference.

Read in a Buddhist book,
莫因善小而不为,
莫因恶小而为之.

Translation:
no kind acts are too small to not do.
no wrong acts are too small to do.

随缘吧! if u happen to be at the beach and see a stranded starfish, just pick it up and throw in the sea..

cheers,
jason.

Dennis Ng wrote:Hi dragonhart2,

what you said is true. My personal experience after attending 13 years of seminars since beginning in year 1999, is that out of 100 people who attend a seminar, only about 10 persons would after the seminar, try to apply what they learned from the seminar. For most people, they will just put the file in their book shelf to show that they have attended this seminar or show others some photos taken at the seminar.

There are times I bumped into people I met 13 years ago at the same seminar and after chatting, I realised nothing much changed in their lives at all, while they would comment that I have come a very long way from what they knew me then...

In actual fact, my sifu ever also reminded me of this, that there are so many people out there, but the fact is that many of them do not even want to learn and there is no way I can do anything to help them...he said that in his opinion, I'm just wasting my time trying to teach. Becos in order to teach, I have to have a very Open Public Profile, which to him is a big sacrifice that he himself is not willing to make, as he treasure his own privacy...

I shared with my sifu the story about the boy who tries to rescue dying starfish lying on the beach, picking up the starfish and throwing them back to the sea before they die on the beach. An adult said to the child he's just wasting his time trying to save the starfish, becos there are just too many and he won't be able to save them all...

The child picked up a starfish and before throwing (rescuing) back to the sea, he said:"to this starfish, it made a difference, it is not a waste of time..."

Personally, I have been sharing on Open Internet Discussion forums my knowledge/experience since year 1999...to tell the Truth, there are many times I almost feel like giving up, especially when my sharing is reciprocated with name calling, personal attacks etc...I also started conducted free public education talks since year 2001...

No worries, I will persevere...becos I want to emulate the child in the "star fish" story, that just becos we cannot save everyone, does not mean we don't try to save some at all...of course, I can't do this alone. Which is why my deepest hope is for ALL my seminar graduates (now about 3,000) to also share your knowledge/experience with your relatives/friends/colleagues etc, so that together, we can help to educate even more people...

And I hope that dragonhart2 you can also keep up with your sharing in the forum.

From 10 Jun to 19 Jun, I'll be having a family vacation with my family plus my mother, we'll be going to Paris and London, first time for me to visit these 2 cities...the funny thing is my worry is not about whether my 82 year old mother has the strength to walk, but her son...

Anyway, I'll be focusing 100% of my attention on my family for the 10 days and I'll not be logging in to this forum during this period.

Becos I believe in being 100% Present at all times, be it spending time with my family or here in this forum, or when I teach in the seminar, I don't think of anything else at the same time.


dragonhart2
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Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby AndrewNg » Fri Jun 08, 2012 11:57 am

Hi Everyone

Look like Robert Kiyosaki is in town promoting his book and event through NLB.
http://golibrary.nlb.gov.sg/Programmes/ ... osaki.aspx

Wonder how many people will be misguided especially for people who attend simply because it is organized by NLB and there is trust that NLB will promote good and quality educational event.

regards
Andrew
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Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby Dennis Ng » Fri Jun 08, 2012 12:09 pm

Hi AdrewNg,

I must still thank Robert Kiyosaki becos after reading his book in 1998, I started to change my mindset to money, he taught us to think about "make money work for you, instead of working for money"...but other than that, frankly, I didn't learn much from him despite buying/reading more than 10 of his books and those under Rich Dad's Advisors' Series...

On Good Debt vs Bad Debt, actually I already learned such concepts "Live" during the Asian Financial Crisis when I personally witnessed businessmen who over-borrowed and ended up from Rich to bankrupt in just a few months, after working hard building up their businesses for over 30 years...

Most of what are taught in those books are very general concepts, not specific how to eg. how to borrow money, what factors to look at etc, etc.

After teaching Cashflow game for 2 years (year 2001 to 2002), it became very clear to me that the way to Wealth is NOT Cashflows, but Capital Gains, this is how one can really make alot of money through the Small Deals while in the Rat Race...when I played the game, after I focus on Capital Gains, I can get out of the Rat Race with Passive income of S$1 million to S$10 million, and end up with hundreds of millions of dollars in the Fast Track (we run out of dollar bills until we just write S$10 million on pieces of paper...)...those were the days...

As I mentioned, for a person who is not Rich to become Rich, focusing on Cashflow cannot lead one to Wealth, this is very obvious to me and I begin to doubt whether Robert Kiyosaki got Rich through what he teaches or he got Rich by teaching.

Becos he'll know the focus should be on Capital Gains for an average person who want to become Rich and not Cashflow (or Passive Income).

Cheers!

Dennis Ng

AndrewNg wrote:Hi Everyone

Look like Robert Kiyosaki is in town promoting his book and event through NLB.
http://golibrary.nlb.gov.sg/Programmes/ ... osaki.aspx

Wonder how many people will be misguided especially for people who attend simply because it is organized by NLB and there is trust that NLB will promote good and quality educational event.

regards
Andrew
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
 
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby WM » Fri Jun 08, 2012 3:44 pm

Hi Dennis,

Thanks for your reply.

I've met a few graduates during graduates' gathering & mentoring session. Most of them told me that they visit the forum almost everyday. Looking at the number of 'read post' in the forum, I believe there are large group of readers here. I am visiting the forum everyday since end of last year & I must say that I have learnt a lot from yours & other forumers' sharing. The jig saw puzzle of investing is piecing up one by one & slowly become clearer.

Besides, the huge amount of donation during the previous Graduates' gathering has also shown that you have large group of followers, who not only wanted to invest for own benefits, but willing to help others.

Dennis, all these have shown that you are really making a huge difference. There is no doubt here. I am happy to know that you will continue to share & guide us. Thanks again & Salute !

Wee Meng

Dennis Ng wrote:Hi WM (Wee Meng),

thanks for your message.

Becos sometimes I really don't know whether I'm doing is what people want or need, as most seminar graduates as you mentioned, are mostly silent readers...so sometimes everyday when I spend 3 to 5 hours on this forum sharing, sourcing for news/articles to post on the forum, I wonder how many people visit the forum everyday.

Thus, it is very heartwarming to read what you wrote.

Do not give up. I've been through what you've been through as well. I remember there was a time I was so enamoured about Robert Kiyosaki, I would buy all his books and attended his seminars and I even conducted the Cashflow Game sessions for 2 years to share his teachings...however, as I learned from multi-millionaires, I realised some of the things he taught are wrong eg. this over-emphasis on Cashflows...which if you think about it if a person has S$100,000 and buys a S$500,000 property to receive rental income (cashflow), after taking a S$400,000 which might need him to pay S$1,700 Housing loan instalment, he's only left with S$300 (before deducting other costs, eg. tax, insurance, condo management fees etc)...so his Net Cashflow might be S$100...how long will it take this person to reach S$1 million? Answer is 833 years!!!

Then I realised that one might not able to become Rich applying what Robert Kiyosaki teach. Furthermore, he also teach very little on the "How" (how to choose stocks, how to choose properties)...my friend attended his over S$3,000 3 full-day seminar and was very disappointed that even a 3-day seminar he taught very little...

Then I learned Value Investing and tried to invest like Warren Buffett...however, I realised it might not work especially if one does not have TA knowledge and might end up buying stocks when the stock market is in a downtrend...

It was then one of my mutli-millionaire sifu "enlightened me" when he said TA and FA are like 2 eyes, it's better to see the world with 2 eyes....that I realised the importance learning TA (Technical Analysis) as well...

until another multi-millionaire sifu "enlightened me" when he shared that there are "Invisible Hands" in the market, so just having 2 eyes (FA and TA) might not be enough, you need the 3rd eye to see the "Invisible Hands"...

So that's how I learned over the years (from 1999 to 2008), from many different sifus, from many different books, from Jim Rogers, George Soros, Benjamin Graham, Warren Buffett, Philip Fisher, Peter Lynch etc, etc...and then at one point of time it get more and more confusing as each of them may say something that is different or contradict another person...it took me a very, very long time before I finally seem to be able to piece together all these different Jig Saw puzzles into now what I teach in my 3 seminars, How to Save and Accumulate One Million Dollars; Secrets to Making Money in Stocks and Secrets to Making Money in Property...

I hope that through my sharing, that I can help many people out there, like yourself to avoid the many pitfalls of investing and the many Trials and Errors and Confusion reading/learning from different books...

Becos when I look at myself, I would not have the knowledge/experience I have today without learning from all these people I mentioned, so I just want to "pass it on"...

One thing I realised missing in most seminars is the "follow up"...that the seminar speaker disappear after the seminar and I as the seminar graduate have no one to turn to when I encounter questions or need to clarify anything taught in the seminar...

That's why I set up this Discussion Forum, to provide a simple, easy to Access, on-going After Seminar Coaching/Guidance on a daily basis.

Seminar graduates by searching key words in the search button in at the top right hand corner of the Forum, can also easily find whether any question has been previously answered or any stocks already discussed...so as time goes by, this Forum will become a Priceless Treasure Trove, with lots of valuable information/knowledge/experience sharing that can benefit everyone (including members of the public, who can view 80% of the forum, except specific sections closed to Seminar Graduates becos we discussed Terms taught in the seminars which they might not understand)...

Anyone would also realise that I'm probably the ONLY Trainer/Speaker in Singapore that is the most active in Public FREE Education, I write fortnightly (alternate Tuesday) for My Paper.sg My Paper newspaper; now has a weekly Radio program on Capital Radio 95.8 FM every Thursday 10.10 am to 11 am; share on CPF Board's imsavvy.sg "savvy blog corner"; write on monthly basis for share investment magazine, http://www.sharesinv.com/author/dennis-ng/ ; write for bi-monthly magazine "Home Buyer" etc, etc...

Yes, you can be assured that I will continue to educate the public. I told my wife that if have just 1 last breath left, I want to be use the last breath to teach the public...(yes, this may sound unbelieveable for most, including my wife, but I really mean it).

So I urge all seminar graduates NOT to give up on your Path to Financial Freedom, becos everyone can succeed, the only people who fail are those that ...give up. Think about it.

I will do all that I can to help, but seminar graduates need to do your part to learn, to visit the forum daily to read/learn/ask questions as well.

Cheers!

Dennis Ng

WM wrote:Hi Dennis,
Thank you very much for continuing to share your knowledge even though you have been told by your sifu that this might be a waste of time.
I like your star fish story very much & would like to share how much I have benefited from attending your seminar & reading your daily posting.
I have read financial investing books 15years back when I was still in college & release the power of compounding interest. I was thinking that by saving 20-30% of my income and invest with the interest of 10-15% p.a. I would be financial ok when approaching retirement.
However, my journey of investing was disappointing. In good time, I can earn 20-40% from unit trust but everything was wiped off during market crash. My financial advisor told me it is unavoidable. I’ve also burned by oilpod, caught in stock market etc. My wife has almost decided to give up in investing & prepare to put our savings in the bank.
When I read your 1st book, I was so happy & grateful that someone is actually teaching people how to reach financial freedom, in a simple to understand way. Moreover, your teaching is very comprehensive as it also covers how to plan for insurance. At that time, I was so disappointed with some agents who keep proposing expensive policies that I have stopped reviewing my policies for more than 7 years.
Learning from your teaching gives hopes & new life to our family. I have revised my insurance coverage & I know that one day I will reach financial freedom if I continue to learn & invest wisely. I fully support your Goal to help 1 million people reach S$1 million, & to continue helping the poor for a better loving society.
Dennis, I sincerely appreciate your teaching & guidance. Please continue to share your knowledge & view as it really makes lots of difference to me, my family & the society. I am one of the starfish that desperately need a helping hand to rescue. I believed many graduates feel the same, but mostly are silent reader.
Cheers…
Wee Meng
WM
Silver Forum Contributor
 
Posts: 27
Joined: Sun Nov 27, 2011 11:11 pm

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby Dennis Ng » Fri Jun 08, 2012 3:56 pm

WM wrote:Hi Dennis,

Thanks for your reply.

I've met a few graduates during graduates' gathering & mentoring session. Most of them told me that they visit the forum almost everyday. Looking at the number of 'read post' in the forum, I believe there are large group of readers here. I am visiting the forum everyday since end of last year & I must say that I have learnt a lot from yours & other forumers' sharing. The jig saw puzzle of investing is piecing up one by one & slowly become clearer.

Besides, the huge amount of donation during the previous Graduates' gathering has also shown that you have large group of followers, who not only wanted to invest for own benefits, but willing to help others.

Dennis, all these have shown that you are really making a huge difference. There is no doubt here. I am happy to know that you will continue to share & guide us. Thanks again & Salute !

Wee Meng


Hi Wee Meng,
I'm just doing my part, nothing to salute about.

Many people are doing their part as well, including yourself.

Each of us (seminar graduate which now already about 3,000), if we were to contribute a little, together we can contribute a lot and make a big difference.

Imagine just each of us donating S$1,000, all the 3,000 of us can already donate S$3 million to charity every year.

If each of us just spread the principles and message of being a "Go Giver", about Selfless Sharing and about focusing on how to serve more people, how to increase our value add to the society, we can then change the community around us...

Many drops of water make an ocean, each of us doing a little, together we can make a big difference to Singapore and to the world! Let's encourage all of us to keep it up, to keep going.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
Site Admin
 
Posts: 9781
Joined: Tue Nov 29, 2005 7:16 am
Location: Singapore

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby racoon12 » Fri Jun 08, 2012 6:23 pm

Yes, as i always sahred in my safety training to my trainees. Imagines everyone will just only use their pen to contribute one dot on a paper....it will become one BIG dot.

many thanks
racoon12
Platinum Forum Contributor
 
Posts: 342
Joined: Sun Jan 29, 2012 2:02 am

Re: Give and You Shall Receive (Prizes for Active Forumers)

Postby candy_chia » Fri Jun 08, 2012 9:08 pm

Hi Dennis,

Thank you for your daily sharing,

I especially enjoy your sharing on in988.com every Mon 9.30 am to 10am.


Below is the link for past recordings on in988.com by kklok:
viewtopic.php?f=5&t=2486&p=22280#p22280

Dennis Ng wrote:
Anyone would also realise that I'm probably the ONLY Trainer/Speaker in Singapore that is the most active in Public FREE Education, I write fortnightly (alternate Tuesday) for My Paper.sg My Paper newspaper; now has a weekly Radio program on Capital Radio 95.8 FM every Thursday 10.10 am to 11 am; share on CPF Board's imsavvy.sg "savvy blog corner"; write on monthly basis for share investment magazine, http://www.sharesinv.com/author/dennis-ng/ ; write for bi-monthly magazine "Home Buyer" etc, etc...

Yes, you can be assured that I will continue to educate the public. I told my wife that if have just 1 last breath left, I want to be use the last breath to teach the public...(yes, this may sound unbelieveable for most, including my wife, but I really mean it).

So I urge all seminar graduates NOT to give up on your Path to Financial Freedom, becos everyone can succeed, the only people who fail are those that ...give up. Think about it.

I will do all that I can to help, but seminar graduates need to do your part to learn, to visit the forum daily to read/learn/ask questions as well.



candy_chia
Investing Mentor
 
Posts: 1731
Joined: Sun Jul 17, 2011 11:36 am

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