! If you have been seeing a lot of such ads around which got you interested, there might be a few things you wish to take note of. A good article to shed some light on this heavily advertised property investing scheme can be found here: https://blog.seedly.sg/own-x-properties-in-2-years-with-no-money-down-is-it-a-scam/ I will just do a quick summary on this: - Technically, it is not a scam or anything. It is just an area where there are lesser rules and regulations with regards to this. Lots of legal grea area and MAS has yet to step in. - You are looking at co-owning commercial properties, as there is no ABSD, and also, it can be rented out for higher yield. However, do note that, you do not technically own them, since you do not have the "keys" to these properties. - There is little idea on what will happen to your investments should the company cease to exist. Unlike REITs that are traded on the exchange, whatever measures they have in place may lack the necessary foundation with regards to "tanking" investors' loss. I am not an expert in this subject matter. Definitely keen to hear different point of views!

If I can summarise the year 2018 in two words. !

I was from an MLM in the past actually. The one that broke the news, Sunshine Empire and here's what happened. Before Sunshine Empire, I was asked to join a get-rich entrepreneurship programme called Alpha in JC by a friend. Back then, as a student, and this formally dressed wealthy looking man (think MLM starter kit meme) spends time talking to you, calling you team mate, it felt good. ! Naturally, when promised financial independence at such a young age is like a dream come true. So I started selling Iraqi Dinar (their product) and my parents bought it to support me when they clearly know that it was a scam. And naturally when the sales of Iraq Diner (they were still at war then?! How gullible am I?!) did not go well , the company paid for my membership into Sunshine Empire. The pitch across was, " we are sorry that the Iraq Campagin didn't do well, so we helped paid for all your membership with Sunshine to get rich!" If you had been to Sunshine Empire's office in Toa Payoh back then, it's really beautiful! Within seconds, JC kids like us were sold! No questions asked. We were hungry for sales. ! Over time, there will be leadership seminars, sales seminar, usually once a week. There was even a chalet where our bosses booked and gave us a really motivating session. He spit onto a S$50 note, crushed it, and asked if anyone wants it. One dude raised his hand, and the boss went " there you go! It's yours!" . In JC, S$50 bucks is a lot of money! Over a span of months, I would bring my friends down to the office where my boss or mentor would pitch to my friends about Sunshine Empire's investment scheme. It sounded easy, but if one does a bit of research online, the bag of worms is not that difficult to expose. Sunshine Empire claims that they invested in: - Underwater hotel in Dubai - A Sunshine Empire Building somewhere overseas - Huge malls around the world None of the malls will ever appear in your Google searches. And by putting in a 5 digit amount, one will receive constant interest overtime! The Interest did happen! (At least for the first few months) And then it stopped. As more members join, the interest stopped coming, due to vast amount of members and there was simply not enough to go around. This is what we call the fall of the pyramid system. My boss, Bryannz Fan, eventually went on to set up a few more MLM businesses and even became a Dato. Still rich, still sharing endless motivational videos and status on Facebook. LOL. Of course, here's a list of MLM companies in Singapore: https://blog.seedly.sg/multi-level-marketing-mlm-companies-list/