Under Malaysian Penal Code, cheating is to commit a crime under sec 420 PC.
420. Whoever cheats and thereby dishonestly induces the person deceived, whether or not the deception practiced was the sole or main inducement, to deliver any property to any person, or to make, alter, or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment for a term which shall not be less than one year and not more than ten years and with whipping, and shall also be liable to fine.
Under Malaysian Penal Code, cheating is to commit a crime under sec 420 PC.
420. Whoever cheats and thereby dishonestly induces the person deceived, whether or not the deception practiced was the sole or main inducement, to deliver any property to any person, or to make, alter, or destroy the whole or any part of a valuable security, or anything which is signed or sealed, and which is capable of being converted into a valuable security, shall be punished with imprisonment for a term which shall not be less than one year and not more than ten years and with whipping, and shall also be liable to fine.
I lost money following OTB. But I never blamed him because he was sincere and genuine. He is human and not infallible. Just that I followed the recommendations at the wrong time. Sad to say, the same cannot be said of KYY.
Yes. I have invested in Puer tea since 2003. Still keeping 2 tons (66 boxes) worth 7 million ringgit at today's market price. Early years puer tea appreciated by about 30% per year, with 21 years, it has appreciated 100 times.
All will materialise at 26% compounded growth. Can you be so consistent making 26% every year? Surely it is on whole of your capital, not individual stock.
From Property? Generally give you up to 7% per year for long term (say 30 years) unless you were so lucky to have bought houses in Bangsar 30 years ago.
From Land? If you are damn lucky to buy agriculture land cheap, and government suddenly decided to build one highway cutting through your land just like Bandar Cemerlang of Crescendo, where 50 sen psq agriculture land become 60 ringgit psf development land.
What other type of investment can give you that kind of ROI at 26% consistently over next 30 years? Surely you must do your homework with all your heart and all your soul. Fail to plan is plan to fail. Learn what ever skill to make you live. Always remember, KNOWLEDGE IS POWER.
My son and his wife own 10 condominiums in KL (Mont Kiara) and PJ. One for own dwelling, 9 for rental income. Each condo rental income net of management fees amount to 4k.
Careful there are so many Puer tea scam. I doubt ks55 got any buyer to take his 2 tons (66 boxes) puer tea for 7 million ringgit at today's market price.
spent whole of life to earn so much money, but only manage to spend 20-30% of the total wealth before die.. do you feel "pekcek" or "dulan"? You should use up at least 80% to be grateful on your own.
Posted by Sslee > Aug 27, 2024 6:50 PM | Report Abuse
Know how much it cost to become a doctor?
About 20 years ago, I spent 350k for my son's Accounting and Finance degree in LSE, spent another 800k for my daughter's MBBS in University of Edinburgh.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
4,257 posts
Posted by ks55 > 2024-08-27 15:21 | Report Abuse
Of course, machais are willing partners and conspire in this cheating.