Frank Comments by Dennis Ng on various Topics

Post by **Dennis Ng** » Fri Jul 08, 2011 9:14 am

8 Jul 2011

To make a million dollars, how many trades must a Trader make? How much time in total spent in ALL these trades? For an investor, may be need just 1 investment which needs half an hour.

The Wealth Gap between an Investor and Trader will get wider and wider over time.

This is probably why I observed that most Rich people I know are Investors, NOT Traders. Interestingly, most of the seminars teach Trading. Wonder why?

Contrary to commonly held misconception, you don't need a lot of money to invest. I started with S$50,000 in 1998 and now reached S$2.6 million.

Once a person reached S$1 million, it gets interesting and fast. Imagine just double is S$2 million, double again S$4 m, double again S$8 m, hope you get it by now. If average bull market is 3 to 4 years, in 20 years time when I reach age 62, there'll be at least 4 more market cycle, if each cycle I double my money, I would have MINIMUM S$41.6 million by age 62, provided I do NOT add a single cent of savings to my capital. : )

Doubling one's money in 1 market cycle is a very conservative estimate. In the last Market cycle from year 2003 to year 2007, I made 300%, or quadrupled my money. So far, from year 2009 to now (2.5 years), I made about 70% already.

Doubling one's money in 1 market cycle is a very conservative estimate. In the last Market cycle from year 2003 to year 2007, I made 300%, or quadrupled my money. So far, from year 2009 to now (2.5 years), I made about 70% already.

Post by **Dennis Ng** » Fri Jul 08, 2011 9:33 am

8 Jul 2011

I used to think and believe in everything that Robert Kiyosaki said when I had less Financial Knowledge.

Robert Kiyosaki says:"Focus on Cashflow, Cashflow is the KEY."

Is this the Truth?

When I started learning from multi-millionaires in Singapore, I realised that they FOCUS on Capital Gains to become Richer, Cashflow is just one of the considerations, NOT the key, totally different from Robert Kiyosaki's teachings.

They can invest into something with NO Cashflow, which to Robert Kiyosaki, is NO, NO, NO.

Let me illustrate with a Real Life example in Singapore:

A person invested into The Sail in year 2004 when price was S$900 psf, invest 30% (S$300 psf) borrowed the rest. Since it's uncompleted property, there was NO Cashflow.

Now with The Sail selling at S$2,700 psf, how much he made?

Another person learning from Robert Kiyosaki would NOT invest into The Sail in year 2004 when it was uncompleted, he only chose to invest when The Sail completed, paying S$2,500 psf in year 2007, each month collect rental (rental yield 3%).

Who will be Richer now in year 2011? So much for the wisdom of FOCUSING on Cashflow.

Well, the first person made over 500% returns, suffered negative cashflow for 3 years. The 2nd person enjoys Cashflow since year 2007, but with Rental Yield at 3%, wonder how many years will he have to WAIT to make 500%?

To go on with the story, he paid S$900 psf property price for the property in year 2004, say it was a 1,000 sf property, or total S$900,000. Now market value at S$2,700 psf, property value is S$2,700,000.

He Borrowed S$600,000 in year 2004 then, now loan outstanding maybe only S$500,000. He can request for additional loan of S$1.39 million easily, bringing Debt to Asset ratio of 70% (which is safe) and he can use the additional loan of s$1.39 million for additional investment to grow his Wealth even further.

In the meantime, the 2nd investor after learning from Robert Kiyosaki is HAPPILY earning his 3% rental yield, and very happy with his own investment results, without realising that another person focusing on Capital Gains is many times Richer than him ALREADY, and on the way to becoming even Richer.

If you want to learn what the Rich Multi-millionaires teach me that enabled me to reach S$2.6 million currently, well, you can, since I now teach these knowledge in seminars.

http://www.masteryourfinance.com/web/in ... &Itemid=35

Post by **Dennis Ng** » Wed Jul 13, 2011 6:59 pm

2 weeks ago, when many people worried about Greece Crisis, I wrote an article entitle:"Greece Crisis? No Worries" published on 29 Jun 2011. In the article, I mentioned my worry about Italy and Spain...

Are U.S. bonds really risk free? this article I wrote published on 13 Jul 2011. Both articles you can read and even download FREE from www.mypaper.sg (which keep the articles archive for 30 days).

Post by **Dennis Ng** » Fri Jul 15, 2011 9:22 am

15 Jul 2011

It's Who you need to become in order to achieve the Goals that you set is more important...

Destination is the just the final place we will reach when the Process is right and the journey is right.

The means to the end is as important as the end itself.

We must only do things scrupulously and I only do things that is Legal, Ethical and Win/Win.

Post by **Dennis Ng** » Mon Jul 18, 2011 11:47 am

18 Jul 2011

Many people worry about the US$14.3 trillion debt U.S. has...the real extent of the debt is actually about US$60 trillion, if we include financial obligations for Social Security and Medicare...

U.S. might be in worse Financial shape than Greece without the world realising...yet U.S. is still rated AAA Credit Rating while Greece is downgraded to Junk Bond rating.

Post by **Dennis Ng** » Mon Jul 18, 2011 12:01 pm

18 Jul 2011

why is U.S. printing more money when they know that Borrowing more money will not solve their debt problem?

The answer is U.S. is going to "solve" their debt problem by devaluing US$.

China holds US$1 trillion U.S. govt bonds, if US$ drops by half, means that U.S. cut down its Debt to China by half.

This is what I think U.S. is trying to do..the price of Silver and Gold will shoot up very high if US$ drops further.

Next "stop" for Gold and Silver is US$1,700 and US$49...thereafter, it's US$2,000 and US$70...

Post by **Dennis Ng** » Mon Jul 18, 2011 12:12 pm

Dennis Ng wrote:18 Jul 2011

why is U.S. printing more money when they know that Borrowing more money will not solve their debt problem?

The answer is U.S. is going to "solve" their debt problem by devaluing US$.

China holds US$1 trillion U.S. govt bonds, if US$ drops by half, means that U.S. cut down its Debt to China by half.

This is what I think U.S. is trying to do..the price of Silver and Gold will shoot up very high if US$ drops further.

Next "stop" for Gold and Silver is US$1,700 and US$49...thereafter, it's US$2,000 and US$70...

Below is Q & A between Jason Kew (a facebook friend) and myself on my facebook page:

Jason Kew: Dennis, may I ask why and how drop of USD will increase the prices of Gold and Silver?

Dennis Ng: Hi Jason, EVERYTHING in this world is priced in US$. So when US$ drops, almost everything, including Gold and Silver will go up in price. Be ready to face higher inflation in the next few years. Attend my seminars to get educated on Finance and Investing.

Jason Kew: So prices of Gold and Silver, just like many other stuff will increase prices sole due to inflation, namely demand inflation?!

Dennis Ng: Inflation can be caused by increased in demand or drop in value of money. In this case, it is mainly caused by drop in value of US$, NOT increase in demand. The world economy is NOT exactly growing strongly. Attend my seminar to learn about Finance and Investing

Post by **Dennis Ng** » Mon Jul 18, 2011 1:17 pm

18 Jul 2011

The Biggest Ponzi Scheme is NOT the Madoff scam...it's US$.

US$ is backed by NOTHING, Backed by recorded debt of US$14.3 trillion and Bigger Financial Obligations which include Social Security and Medical Benefits at total of about US$60 trillion.

When it collapses, many people's fortunes will be completely wiped out...while myself and my seminar graduates, would become Richer from the on-coming Financial Crisis.

Post by **Dennis Ng** » Wed Jul 20, 2011 12:19 am

20 Jul 2011

if you're not Rich, you do NOT get Rich by Living like the Rich, you get Rich by Investing like the Rich. - Dennis Ng

Think about it.

When you are rich, it's your personal choice to Live Like the Rich, since you're already Rich.

But of course, when one get Rich, one should share one's Riches with the less fortunate in the Society, by giving time and money.

Nowadays, I spend 3 to 5 hours daily to educate the public on various media, including facebook.

Post by **Dennis Ng** » Wed Jul 20, 2011 9:45 am

20 Jul 2011

I decided to start conducting seminars when I saw photo of an elderly woman crying in Straits Times in year 2009...

How I wish I could have reached out to this lady and teach her so that she can avoid losing her entire retirement savings...

I hope my facebook friends can help me spread the knowledge I'm sharing on my facebook page. Let's try to help SAVE people from losing their fortunes in the Next Global Financial Crisis.

One day, I was having coffee with one of my "sifus" at a hawker centre...with tears in his eyes, my sifu said it's so sad to see elderly Singaporeans working as cleaners clearing the tables...

Without him knowing, I promised myself that I will make sure in 20 years' time, NO Singaporeans need to be cleaners when they are old, becos I will teach them how to reach Financial Freedom before age 60...

I want to teach 1,000,000 people to reach S$1,000,000 at least...

Post by **Dennis Ng** » Wed Jul 20, 2011 10:29 am

20 Jul 2011

when most people are fearful of the stock market, I'm NOT.

When most people are excited about the stock market, I'll be very worried and preparing to exit or have exited the market...haha.

Most people are always wrong about the Market, that's why to make money in Stock Markets, we need to dare to think independently and make our own decisions, irrespective of the views of majority.

hope · Post by **hope** » Wed Jul 20, 2011 10:38 am

Hi Dennis,

Reading what you wrote really make me moved and i felt very fortunately to know you and attended your seminar. Eventhough, I have not contribute alot in the forum but i tried my best to spread your words and introduce as many ppl to attend your seminar.

I have told myself that I can give back to society more and much easily when am financially stronger. Eventhough I have been doing my part to give back to society every month but I think i have not done enough.

Thanks Dennis again from the bottom of my heart for inspiring all of us and keep the love and good intention circulating.

Post by **Dennis Ng** » Wed Jul 20, 2011 10:41 am

hope wrote:Hi Dennis,

Reading what you wrote really make me moved and i felt very fortunately to know you and attended your seminar. Eventhough, I have not contribute alot in the forum but i tried my best to spread your words and introduce as many ppl to attend your seminar.

I have told myself that I can give back to society more and much easily when am financially stronger. Eventhough I have been doing my part to give back to society every month but I think i have not done enough.

Thanks Dennis again from the bottom of my heart for inspiring all of us and keep the love and good intention circulating.

Hi hope,
you're welcome.

As I have said, you have NOT joined a seminar, you have joined a Movement. A movement to help educate the public, to help 1,000,000 people reach Financial Freedom and in 5 years' time, we'll (10,000 seminar graduates) will start a S$100 million Charitable Foundation to help empower and elevate the Poor from poverty by providing them with Knowledge and Micro-Financing to start small business.

Post by **Dennis Ng** » Wed Jul 20, 2011 11:18 am

What career should I choose? Somebody asked me.

I said:"Choose a career doing something you're Good at and you Enjoy doing"...

That's my best advice to anyone. By doing so, you will enjoy both the Journey and the Destination.

We can make a Living doing 1,001 things, why NOT choose to do something we really enjoy and passionate about?

Think about it.

We only have 1 life to live.

Post by **Dennis Ng** » Wed Jul 20, 2011 11:24 am

I asked one of my seminar graduate:"one day when you are Rich and financially free and can do nothing, what will you want to do?"

He said:"I want to teach others how to reach Financial Freedom as well."

I said, then why don't you consider giving up your job and help me in doing this?

This is what I do - teach people how to reach Financial Freedom.

11 years ago I resigned from my banking job paying me a good salary to pursue my passion and purpose "learn to master my finances and reach Financial Freedom and then teach others how to do it."

11 years later now this is the Life I'm living everyday.

I no longer have Monday Morning blues becos I can't wait to get started everyday to do what I enjoy doing.