Hoping for quick profit without effort or work is akin to gambling. Like pyramid get rich scheme, only those joined the bull run at the beginning could realized the quick and effortless profit.

This post has been edited by icemanfx: Aug 10 2014, 09:15 PM

you claim yourself economic student but don't know about risk. your prof yet to teach you?

This post has been edited by bcpbeancounter: Aug 10 2014, 09:17 PM

Almost certain =/= certainly. Got improvement.

by the way...now people are promoting eat raw food. but I not sure that include chicken.

Our lecturer taught us to stay away from herd movement be it elephants, buffalo, property flippers, etc.

So your lecturer still remain as lecturer.....

Who say the profits they made are effordless???
1st, they need to read forums, news paper, banners to find projects to invest/flip
2nd, the need to visit numerous of show house to decide b4 to book
3rd, some need to queue overnight at sale office to book a unit
4th, need to source for initial fund to book/buy the unit
5th, need to take leave to sign SPA
6th, need to source for financing banks and make application
7th, need to compare offers and sign agreement
8th, need to find lawyers
9th, need to followup closely to ensure all are in place...
10th, meed to worry can't get buyer, increade OPR, etc
11th, need to get agent to find buyers
Many2 more.....

worst when your lecturer teach you that UK/US have lower risk.

Not me iceman, I put lot of effort one, I'm sweating when I scan all relevant documents & sent to banker, stuck in the traffic jam when visit both SPA & loan lawyer, my finger is tired when signing the SPA & loan agreement, initial all pages somemore.
Need to engage agent n lawyer again when sell the property, when buyer asking too much discount, I have to ask them TFK at roadside.
Few hundred K is not easy the earn ah... Wua khang Koh, Lu Bo Zai ah.

the first thing also wrong already... LYN forums before investing... good move..

Not sure was it his lecturer taught him that money ll drop from the sky....

What wrong to read forums b4 investing/flipping?

sad day ahead...

Not sure was it the same lecturer who taught him if fly economy class means that person is unaffordable to fly business class n branded as cheapskate..

He said forums n u jumped into Lowyat forum. U got good imagination yo...

Even if read from lowyat forum also no wrong mah...lots of info especially kind heart bear bear ll update dead chicken list from time to time...

please don't think that info ll drop from the sky ho...

This post has been edited by Tigerr: Aug 10 2014, 09:56 PM

Aiyo! Org hanya tahu ambil duit dari PAMA, mana tahu PaMa susah2 kerja 1 bulan baru dpt gaji.. nak bayar ini bayar sana, tinggal sikit dia ambil saja... ahhhh!

Makan nasi tak tahu petani berpeluk2 tanam n tuai padi. Arhhhh!

This post has been edited by CK15: Aug 10 2014, 10:07 PM

Many people go study/education n get a degree. So by your meaning, u should avoid go get education n stay at home instead? If people all move to stay n live in a civilized city, so u ll go stay n live in an uncivilized forest hope can be tarzan neighbour?

Not sure your lecturer buy his degree or what. Historically, those who bought properties before 1997 n 2007 during the bull run n didnt escape, today their properties may have double or triple the value lor. So u dont believe? Go check out the price n compare with today's price. Those who sold have to buy back with much high price for the same property they sold 10 or 20 years ago.

So glaring mistake....

What value have they added to the aggregate economy?

Genuine rich could afford to travel business class for holiday but not those pretend to be rich. Don't you call those fraud cheapskate?

If they bought propeety during the recession, their reward will be higher. Most flippers are hoping for quick profit, not planning for recession and few will survived.

This post has been edited by icemanfx: Aug 10 2014, 10:51 PM

I not rich...I never claim to be a rich...only u said / assume investors r rich. So, whose fault is this?

This post has been edited by Tigerr: Aug 10 2014, 11:00 PM