Where are the REAL Experts?

I recently learnt from newspaper the once Miss Beach, Lam Kim-ming, better known as "Sha Che" had lost HK$10 Millions due to the Lehman's Mini Bonds.

This incident may have reminded you all about what I have been warning you lot all along.

There are very very few Real Financial Experts in this world.
And they are hard to meet because they are very busy in enjoying Life!

Those busy in appearing on TV Show, Radio Talk Show etc. trying to convince you some are "Very Safe Investment" are Saleperson only!! They are most likely NOT having got a glue what the investment all about themselves. And there are very good incentives for them to sell more of all these so called "Safe Investment" because these Salepersons are Commission Based!!

Never, Ever trust anyone has a Conflict of Interests.

You better off doing the Real and Hard Work Yourself.

I was really sadden by this incident, because Lam Kim-ming is my "Master" -'Sifu", in a way.
A few years ago, I read an article attracted by her remarks of,

"Always Maintaining 50% CASH"

This has become one of the my Golden Rules when Investing.

Another thing we should have learnt from this incident is :

"What Supposing Relatively Safe investment on paper could carry Huge Risk in real life."

Banks supposed to be very safe firms and yet they are the Hardest Hit in the current crisis.

Remember,

Trust NO one
Do your Homework
KEEP 50% CASH AT ALL TIMES.

AND WAIT.

Cheers
Fate
Never Drop Your Guard