Sunday, September 23, 2007

Wealth Creation - My Learning Curve (Part III)

Email Stock Tips

The wonderful thing about internet is that it brings people all over world closer. It allows information to flow quickly and freely. It allows everyone with internet assess to be updated on world events every single second. Most importantly, it creates millionaires. But there are also problems with such convenience and information overflow. The problem is - you are confused and don’t know who is telling the truth. Internet opens up income opportunities and scams. It allows scumbags to cheat not just on his countrymen, but anyone else living in other part of the world.

For people who are naïve, they will jump into any opportunity that presented to them. Others, including myself, who always get the facts correct and invest based on fundamental and calculated risk, are confused by the large amount of information. On the topic of wealth creation, we are not short of opportunities presented by some “kind-hearted souls” who sincerely want to help you to be rich. Recently, I received many emails spam telling people to buy certain stocks claiming that the stock will surge when market re-open. And there are people who believe in it, bought it and make the whole thing a self-fulfilled prophesy. Until today, when man is about to land on Mars (exaggerated), still there are human beings who believe that someone else is there to help him to get rich for nothing. I received the following email spam on 17 Sep 2007. Whoever wrote it is nothing more than a clown.

Watch UTYW M0nday!

UNITY WIRELESS CORP
Sym: UTYW

This is a REAL COMPANY, REAL EARNINGS, Making thier INVESTORS HUNDREDS OF THOUSANDS!

Current: 0.06
Expected: 0.24
First Half Revenue Grew 53% to $4.8 Million Over the Same Period in 2006

Wireless Technology is and will be the Wave of the FUTURE!
This Company in on the Breaking mark of coming out with a HUGE deal Tuesday!

Monday Is Big Day For UTYW!

-end-


“Then what’s your motive in sharing value investment?”

Firstly, value investing is an open secret. It is also not a quick route to millionaire. There are thousands of books written about it and numerous sharing on the net. You do a Yahoo search and you’ll know what I mean. Secondly, I shared it out of passion, although I do hope that some big-timer may find me useful and employ me as a fund manager. And I do not gain a single cent from my sharing. Most importantly, whether you use my method or otherwise, it has no impact at all on my financial status.

With the internet, anyone including scumbags can reach huge mass easily. We all know that if every China man gives you a dollar, you will be a billionaire instantly. Imagine how lucrative it is if a small fraction of net surfers believe in a “scheme” and willing to surrender their hard-earned money. Just US$10 will do and a scumbag will be more than a billionaires. Another example is fund-raising activities. Singaporeans are famous for been kind-hearted and we are familiar with the NKF issue. If a charitable organization can collect such huge fund for the needy in Singapore, think about global community! You do the math. Recently, there are many fund raising email spam telling story of how unfortunate the sender is, or how he or she wanted to help the needy; a few dollars would mean so much. I say even ten cents would mean so much. I am not saying that they are all scams, but how do you know? You got a copy of their audited report? Audited by whom? The boss himself? For all you know, you may just help another man to be a millionaire.

So again internet is wonderful, but it can be confusing even as you try to find the truth. It is difficult to tell who's right or wrong. But one thing for sure, knowledge equals to power. We have to keep learning and reading and be patient. Only then can we form better judgement on all sorts of opportunities presented to us. Don’t jump into a scheme out of curiosity or greed. Do not subject to sales pressure. There are always opportunities one after another. Find a good and genuine one and then work hard on it.



To be continue…..

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