The book "upstairs"? I presume u mean the "book" held by Him

Sorry, where it comes to investing money, I AM MY OWN GOD.

Put it to God = rely on luck

I might as well go Genting casino

And why am I saying "sorry" to u...I retract that word

See, there are two kinds of risk in this world, acceptable risk and unacceptable risk. Acceptable risk is manageable risk, unacceptable risk is unmanageable risk.

I understand that there is a risk if I put the money in FD, the bank might go bankrupt. But this is a manageable risk, because the money I have in there is insured for me by PIDM. So in case the bank goes under, I will be repaid by PIDM, so it's a manageable risk.

If I invest my money in some scheme or other, and I lose the money because the company goes under, then what happens? I don't get the money even though it's no fault of mine? that's an unmanageable risk. That's why deposit-taking companies are required to be licensed by the government, so that this sort of thing does not happen.

This means I can sleep at night, I am not going to wake up tomorrow and find that I am bankrupt through no fault of mine. Sometimes I am annoyed at the low interest rates too, but then if I want higher rates, I have to deal with the unmanageable risk, and then the risk/reward ratio becomes unappealing. Also thankfully Bank Negara is doing a pretty good job, we have 3-5% interest rates, and inflation is not really that bad.

I would love to be an investor, but I don't have access to long-range data (multi-year price histories etc.) Without that, you can't plan. Without a plan, you are just gambling, not investing.

There are many easy ways to make money. But when you consider the risk/reward ratio, it's not a lot better than going to a casino. At least when you cash in your chips in a casino, you will get your cash back. Even so you can't mitigate the risk of someone following you from the casino (remember everyone on your table can see you win a lot of money) and robbing you in some way. So the risk/reward ratio of gambling is still unappealing in that way.

This post has been edited by wodenus: Aug 4 2012, 05:32 PM

Can upgrade your office to Sauria KLCi or not rather than cheapo shop lot at kuchai lama? More ppl will have confidence to this company already. Earning so much, sure can rent prestige place lah..

Bank Negara List of Unauthorized Investment

Check and found Genneva is inside the list...

I lub da way u spin and bark

Bravo...

Seems like the investment scheme which appeared as scam in bank negara malaysia was something supported by the ministry.. Lol...

Bank Negara is run by professionals
Ministries are run by...people like Rais Yatim

I don't understand you people lah.

Your minds are all blocked and cannot take in information.

This company is NOT an investment company.
Your are not investing your money in the company.
That is why it is listed in BN list of non-approved investment company. In the first place how can a company which is NOT an investment company be approved as a investment company by BN??

This company is just a GOLD TRADING company. It buys and sells gold. Therefore it has got nothing to do with BN.
There are lots of IDIOTS out there who keep on spreading info that this is an investment.

You just go to the shop and buy PHYSICAL gold and keep it any where you want...maybe under your pillow because it is your property.
That's all.

It is not like investing in online gold where you can only see your account number and if the company close shop you are left with nothing.

Put in money
Every month take money

If that is not investment, what is that?

Can I go to a property sales agent and ask them to sell me a property, gimme discount, and pay the discount back to me over instalments?

Boss, I also don't understand you lah

You think BNM is so free nothing to do ?

They put your company name in the warning list for fun, is it ?

Why they don't put Poh Kong, Tomei, Habib name inside ? They are also GOLD TRADING company

If you don't take legal action against them, that means your "body got shit" lah

First of all you must understand the concept first you decide whether it looks like investment or not.

I give you a very simple example below.

If you buy a handphone at RM1000 and the handphone company gives you a discount of 10%, by right you should be paying the company RM900 at the time of the purchase.
But in this case, you still pay the company RM1000 at the time you purchase.
However the discounted amount of RM100 will be paid back to you spread across a few months.
At the end of the few months, you decide whether you want to keep the handphone for good or sell it back to the handphone company.
If you sell it back, the company buys it back from you at RM1000 which was what you paid for few months ago.
If you have the confidence that the model of your handphone will increase in price, then you just keep it and wait for the price to increase and sell it off to your buyer outside.


======
First of all property agents are not owners of the properties that are sold to you.
They are just middle man and earn 2% to 3% of the value of the property being sold to you.
So how can they give apply this kind of concept in their business model?
They can't be making 2% one-off profit and keep on paying you 2% discount of the purchase price every month...........can they or can they not !!??

+1
Well spoken wodenus.

Xuzen

Boss, forgive me for my stupidity. Why dont the handphone company just sell me rm900 straight away? Why do they want to sell me rm1000, give me discount, and pay me rm100 in a few months spread?

Why the big circle?

Me brain cannot understand why?

What is the market price of the handphone? RM700? If the handphone can be sold at other place, why have to let the buyer to keep the discount?

+100

Me Mr Dumb brain says: "The handphone shop wants your cash to roll..."

Ya loh!

Me the dumb a@!^ also says "The Banks use your cash to roll loh" --

True enough, but at least the cash is guaranteed by PIDM even if the bank goes bankrupt, which is more than I can say for yours.

Bank fail -> PIDM
Government die die also will try to keep PIDM afloat to maintain confidence in the economy

Genneva fail?
MCA Michael Chong: "U have been warned..."

Indeed you are the dumb a@!^ thinking your posting here can fool readers here.

BNM and Islamic authority already black and white give the public warning about your company, you think you dumb a@!^ can change ?

Well, i dont believe in buying gold from this company..

The gold is more expensive than the gold from other goldsmith..