Serious $50M Sinkie Lawyer-Towkay Aspires To Sell Off HDB, Buy EC And Retire With $200M!

[scroobal]

Agree.

If the retard really got 50 million portfolio he won’t be harping on a lousy Hdb flat ‘investment’ that appreciatied $150k in 7 years.
And his planned next eureka real estate investment is an EC! And that’s only after he sells his Hdb flat to fund that purchase. I thot he said got 50 million?
Dumbfuck rents his hdb out for $2k but rents a condo in Yishun. I’m sure his can’t cover his condo rental this way. Like this call money smart?

 

[mako65]

Tats a tale from da Crypt...hahaha!

 

[borom]

he has $50mm portfolio (assets) but does not state his liabilities (if more than $50mm means negative networth).
Many lawyers have gone into other businesses and got into grief-including a former RI head prefect.
may be bad/poor reporting/interviewing skills but a worrying sign is that he does not talk about cash flow/liquidity and leverage/debt servicing ability (usually the main cause of business failure)

 

[syed putra]

In australia, the lawyer can retire already with the money he got. With yacht , sports cars and comfortable house, ranch or wine orchard. Just by being a lawyer, accountant or doctor. No need to be so busy doing so many things.

 

[JohnTan]

Malcolm seems like a capable entrepreneur. Maybe I should invest $1M in his ICO business. Crypto currencies are now all the rage.

 

[chonburifc]

So have this 50 million loi yer paid taxes for all the incomes from his investments. Or iras sleeping?

 

[Wunderfool]

What currency , John ?

 

[JohnTan]

What currency , John ?

Some form of bitcoin. Let's see what Malcolm has to offer. I wonder how good are his legal services since he is also a lawyer. He seems like a very talented guy with his fingers in so many pies.

 

[Bonut]

Some form of bitcoin. Let's see what Malcolm has to offer. I wonder how good are his legal services since he is also a lawyer. He seems like a very talented guy with his fingers in so many pies.

I prefer keling Gabriel.

 

[rectmobile]

If you got money...don't have to tell the world. People will notice you.

If you have a net worth of $200m...quit your job and spend full time looking after your fuggly wife and take care of your down syndrome child.

You are very harsh towards people who have money. Why do you behave in this way? It is nothing wrong to have money.

 

[Narong Wongwan]

What currency , John ?

Hell notes. Maybe some in Monopoly money.

 

[chonburifc]

Easy to proof lah. Just sent article to iras lor. Iras can help confirm. No need to speculate here, dio boh?

 

[zhihau]

Imagine he has $50m and he is waiting for his HDB flat to appreciate.

With S$50M, I'd buy a place near Bournemouth Road, where else can I get free security services? I'm looking at Gurkha guarding the premises?

 

[scroobal]

Checked and found out that the has not practised as a lawyer for years, has landed in trouble with Law Society before due to conflict of interest and reprimanded with cost, none of his businesses have succeeded. Like to be involved in new business fads - started with web design, then job portal etc all failed.

SPH could have checked with ACRA and pulled his company financials. Disgraceful.

 

[dr.wailing]

I am always extremely skeptical of people who come out on national media declaring great wealth in an explicit and almost vulgar manner.

Totally agree.

Just look at Old Fart. He taught his family members to be hypocrites. Don't draw unwanted attention to oneself. And now Familee is worth more than Li Ka Shing.

 

[dr.wailing]

SPH could have checked with ACRA and pulled his company financials. Disgraceful.

SPH has run out of stories to write. Write fake news is better than no news.

 

[Annunaki]

How the fuck does this $50 million big cannon fairy qualify for hdb flat and EC if buying 1st hand?

 

[Wunderfool]

Look like IRAS should invite him for kopi session.

This cannon fairy still qualifies for HDB conservancy rebates.

 

[rushifa666]

What kind of " investor" is this? During the crash we were looking at 300 to 500% in just a few years! He went through that period and he still cant retire? Banking on housing of all things during the gold rush? Embarassing.

 

[batman1]

This joker redundant lawyer is very afraid that nobody knows that he is rich.Yes he is very rich,he is worth 50 Million Indo Rupiahs.
Empty vessel makes the most noise.ROFL,,,,,,,,