Asked 2w ago
I've been seeing this ad constantly about this Ms Pauline Teo & how she helped many people of different background generate passive income by investing in 'great companies at great price'. The ad tends to showcase celeb like Edmund Chen & daughter, & Gurmit Singh.
Is it worth checking it out & see whether what they said is true, can build a retirement fund from $10/day, generate passive income constantly? Has anyone been to the classes before, what is your experience?
You should pick up investing on your own. Reason why is the value of experience. Yes, you get to learn from their insights by paying a hefty fee. However, what you are missing out is you learning from your own mistake as a result of your risk appetite and investing goals. Your risk appetite and goals are very much different from everyone else out there, hence you should try out investing on your own and learning from your picks instead. This way, you can pick stocks your way, the right way by yourself instead of relying on what others say in the future.
Of course, by relying on yourself I don't mean it literally 😂. Use the power of the internet to your advantage and read up blogs and watch videos related to stock picking and investing to learn the ropes of how to get started! The journey will be long but the experience you gain from your vow to independence will be priceless.
Here are some great reads I have found to get you started :
Seedly's Investing Guide : https://blog.seedly.sg/ultimate-personal-finance-guide-to-investing-singapore/
The Fifth Person's Investing Guide for Beginners : https://fifthperson.com/how-to-start-investing-in-singapore-a-practical-guide-for-beginners/
I wrote answer to a similar quenstion here:
Avoid. not worth the time and money.
1) everything they teach can be found free, and cheaper. 3 day course 50% of time upsell you some advance level course, 30% of time do something unrelated, only about 20% is real course content.
2) they are selective in who they choose to help. basically you die your basar.
3) everytime the so call "free resit" is basically try to upsell you another course.
4) met few people who know the owners of the company, regretted going for the course. (cannot verify the authencity of their stories though)
here is a recent youtube who claims he paid $8000 for some membership for a pre IPO and regretted it.
I think investment courses with any celebrity reviews or endorsement always comes with some bias opinion on it, since they might be paid to advertise it to the general public. Furthermore, celebrities arent exactly experts in investments. Would you trust their judgement? Even though they might be trying to appeal to the general masses as "I too do not know much about investing just like you! hence try out this investment class....."
I'd take it with a pinch of salt and check it out anyway before deciding whether I'd really want to spend time on it. Alternatively, I believe there are many alternatives for you out there to learn about investing and always read up on personal finance articles and news in your own time.
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