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Poly Grad, 28, Made $1M Selling Properties!
- Thread starter makapaaa
- Start date
DO NOT WAIT UNTIL ELECTION TIME
THE TIME TO ACT IS NOW!
TALK TO YOUR FRIENDS AND YOUR RELATIVES.
SUPPORT OPPOSITION PARTIES WITH YOUR TIME AND MONEY AND STAND BY THEM AND WITH THEM.
THEY SPEAK FOR YOU AND TRY TO SPEAK FOR YOU.
LKY AND PAP HAVE BEEN USING THEIR KANGAROO COURTS TO TRY TO BANKRUPT THEM TO SILENCE THEM.
IF YOU DO NOT STAND WITH THEM AND STAND BY THEM, CAN YOU STAND ALONE AGAINST LKY?
SINGAPOREANS MUST UNITE AND SUPPORT ALL THE OPPOSITION PARTIES.
DO NOT JUST WAIT UNTIL ELECTION TO VOTE
VOTE OUT LKY AND HIS BASTARDS IN WHITE WHO ONLY WANT YOUR MONEY AND TO FUCK YOU.
IF NOT FOR YOURSELF, THEN FOR THE FUTURE OF YOUR CHILDREN
THERE WILL NOT BE AN OBAMA AS PRESIDENT OF USA IF THE CIVIL RIGHTS MOVEMENT THERE WAS INTIMIDATED BY BEATINGS AND LYNCHINGS IN THE PAST.
THE TOBBLING OF LKY WILL NOT BE EASY, AND CAN BE BLOODY AS WELL.
THEY WILL NOT GIVE UP THE BILLIONS THAT THEY SUCKED FROM YOU AND CAN CONTINUE TO SCREW FROM YOU NOW AND IN FUTURE.
ONLY YOU HAVE THE POWER TO SAY 'NO MORE OF THAT' AND THROW EVERYONE OF THOSE BASTARDS OUT
Already 400-500++ billions got sucked and bled by LKY into his Temasick and GIC.
HOW MANY OTHER BILLIONS GOT SUCKED AND USED BY THEM IN GLC WHERE THEIR FAMILY MEMBERS AND MINISTERS AND BASTARDS IN WHITE ARE CHAIRMAN AND CEOS?
EVEN IF NO ELECTIONS, SINKIES MUST SPEAK WITH ALL THEIR FRIENDS AND ALL THEY KNOW
STAND UP TO THAT BASTARD LKY AND PAP BLOODSUCKERS
STAND WITH ALL THOSE THAT FIGHT BASTARD LKY
OR STAND UP YOURSELF IN YOUR CONSTITUENCY
DONT BE BULLIED BY THAT FUCKING COWARD LKY USING HIS CORRUPT KANGAROO COURTS AND ALL THAT HE CAN, AND WILL THROW AT YOU
You will fear them only if you allow yourself to fear them.
Just because THEY want you to fear them, must you fear those fucking bastards?
THEY ONLY CAN RULE YOU , AND BLED YOU , THROUGH FEAR AND INTIMIDATION.
SINKIES,
FIND YOUR BALLS AND STAND UP TO THEM.
THEY WILL THEN FEAR YOU.
AND YOU REGAIN YOUR MONEY AND YOUR FUTURE AND YOUR CHILDREN FUTURE.
DO NOT LET OUR MONEY GO TO FUND PAP DOGS FRENCH COOKING LESSONS
DO NOT DIE IN OLD FOLK HOMES IN JB.
FIND YOUR BALLS AND STAND UP TO THEM
LEE KUAN YEW LOST AND LOST DUNNO HOW MANY BILLIONS IN TEMASICK AND GIC
EVEN MORE BILLIONS HE THREW AWAY TO HIS DOGS AND COCKROACHES SO THEY CAN TAKE FRENCH COOKING LESSONS
LKY NEED MORE BILLIONS FROM SINKIES WHO VOTED FOR HIM AND FROM THOSE WHO VOIDED THEIR VOTES
EVEN IF YOU VOTE AGAINST HIM, NO DIFFERENCE.
COLLECTIVE PUNISHMENT AS SINKIES DID NOT TRY HARD ENOUGH TO KICK OUT THAT VAMPIRE BASTARD LKY
SO EXPECT EVERYTHING IN SINGAPORE TO GO UP AND UP
BASTARD LKY NEED YOUR $$$$$
HE SCREW YOU AND DEMAND THAT YOU THANK HIM FOR HIS FUCKING 'SUBISIDIESD BULLSHIT' AND 'AFFORDABLE' CON-TALK.
GO ALL OUT TO KICK ALL THOSE BASTARDS OUT
ALL OF THEM
Making money will automatically attract a life partner, whereas its hard to find a partner if you are broke.
Hate to admit it, but wat you said is true. Sometimes i wonder that today i am so un-successful... is it due to women?
Sigh!!
!&!!
It is more likely to be due to sinkieness.
wow lau ooi.. so lame..
can u get more creative with your critism towards singapore..
ah pui, try harder ok..
Hahahahhahaha this fuck make $1 million when he is reaching the end of his twenties. So many people have made their millions when they are 18.
Hahahaha suck my cock and call me Daddy you piece of shit!!
Hahahaha suck my cock and call me Daddy you piece of shit!!
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>In Peesai, sell backside also must sell, just like the ministers selling their soul to one Familee.
me & me money
</TR><!-- headline one : start --><TR>At 28, he made his first million
</TR><!-- headline one : end --><TR>He was an NS trainee pilot who failed to get his pilot wings, but his mortgage consultancy is now soaring </TR><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Lorna Tan, Finance Correspondent
</TD></TR><!-- show image if available --><TR vAlign=bottom><TD width=330>
</TD><TD width=10></TD><TD vAlign=bottom>
He's just 29, but Mr Bryan Ong has his own company, owns two private properties, has various investments, drives a new Mercedes Benz C200 and hopes to retire by the age of 40. -- ST PHOTO: LIM WUI LIANG
</TD></TR></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->Bryan Ong made his first million last year when he was only 28, mainly from his mortgage consultancy business, but he lost one-third of it in the stock market within nine months.
He was doing contra trading, which is a short-term trading method in which the investor aims to make a profit without stumping up any capital. This is possible because brokers here offer three days' grace for stock traders to pay for the shares they have bought.
<TABLE width=200 align=left valign="top"><TBODY><TR><TD class=padr8><!-- Vodcast --><!-- Background Story --><STYLE type=text/css> #related .quote {background-color:#E7F7FF; padding:8px;margin:0px 0px 5px 0px;} #related .quote .headline {font-family: Verdana, Arial, Helvetica, sans-serif; font-size:10px;font-weight:bold; border-bottom:3px double #007BFF; color:#036; text-transform:uppercase; padding-bottom:5px;} #related .quote .text {font-size:11px;color:#036;padding:5px 0px;} </STYLE>Learning the hard way
'I learnt that making money is not easy and you need to understand your own greed and fear. I realised that stock trading is very addictive. You can get glued to it.' - Mr Ong on his contra-trading losses
Wait for opportunities
'I also have a substantial amount in savings accounts. Cash is king now. I'm waiting for opportunities. Sometimes, not doing anything could be a better move.' - On financial planning
</TD></TR></TBODY></TABLE>Now wiser, Mr Ong said: 'I learnt that making money is not easy and you need to understand your own greed and fear. I realised that stock trading is very addictive. You can get glued to it.'
During those nine months, he put 80 per cent of what he earned into stocks. Now, he diversifies into other financial instruments. He still invests in stocks to keep himself abreast of the market, but puts in only an amount that he can afford to lose, which is 5-10 per cent of his income.
Mr Ong, a Nanyang Polytechnic graduate, did his national service in the air force. He was training as a pilot but didn't make it for his pilot wings, so he left after four years, in 2004.
He worked for less than two years as an agent for property agency Propnex before setting up his own company, BC Group, in late 2005 while he was still a part-time agent.
As a mortgage consultant, he helps clients sieve through all the loan packages put together by banks and finance companies. The service is free since the banks pay BC Group if a match is made.
Despite the property market slowdown, his business continues to be robust this year, particularly when more home owners are finding it worthwhile to refinance their mortgages.
The bachelor has made more money in the first four months of this year than the whole of last year. So far this year, he has brokered $260 million worth of loans. BC Group has attracted about 1,000 private property clients since it started operations.
Q: Why did you decide to be in the mortgage consultancy business?
There is always a demand for such services because Singaporeans have a love affair with property. I find that it is a useful service to be able to advise customers on something important in their lives. After all, buying a property is likely to be the biggest investment or loan in their entire life. I had brokered about $700 million worth of loans since January 2004 before I even started BC Group.
Q: What are your money habits?
About 50 per cent is invested, 10 per cent goes into fixed deposits, 10 per cent donated to church, and 30 per cent for daily expenses.
Q: What financial planning have you done for yourself?
Besides my fixed deposits, I've invested 15 per cent in stocks, 25 per cent in property and 10 per cent in unit trusts which comprise global equities and resources funds. I also have a substantial amount in savings accounts. Cash is king now. I'm waiting for opportunities. Sometimes, not doing anything could be a better move.
Q: What about insurance planning?
I have endowment, whole life as well as term insurance plans. My annual premiums amount to about $20,000. I'm insured for about half a million on my life.
Q: What's your investment philosophy?
I will invest only in things that I am very familiar with, which means I will not touch bonds and currency.
Q: Any other investments?
Last year, I invested $18,000 in a unique tracing system which helps me to monitor the sentiment of the property market. With this knowledge, I'm in a better position to advise my clients on when to buy and sell.
Q: Moneywise, what were your growing-up years like?
I come from a middle-class family of six and I'm the second oldest. We lived in an executive HDB flat in Pasir Ris. My parents ran an import-export business. They provided for us, including enrolling us for piano lessons, but they were not investment-savvy. There were times when they failed to budget and plan ahead and that made me very insecure about the family's financial circumstances.
From young, I resolved to be different and that was a motivation to be money-smart. As I'm an independent person, I moved out when I was 23 and have lived alone since.
Q: What has been a bad investment?
I lost about $300,000 last year through contra trading. I also didn't have a stop-loss strategy in place. I was in penny stocks like Jade Technologies, Rowsley and Baker Tech. Now I don't trade actively.
Q: Your best investment to date?
They are my investments in properties and my business. I bought a 1,276 sq ft Summer-
dale condo in Jurong for $405,000 in December 2006 and sold it at a profit of $145,000 in April last year.
Q: What's your retirement plan?
I plan to retire by 40. I hope to set up a trust fund that invests in properties or equities which will also cater to the needs of my next generation.
Q: Any tips for house buyers?
When the property market is good, everyone talks about making money from capital gains. What goes up is perceived to go higher. But the property market is volatile and property is illiquid. You must always think of what to do if the market sentiment turns bad. If you can't sell at a good price, you have to think of mortgage interest rates and rental yields.
Property investment is all about holding power. Generally, you should be able to make money if you can hold for 10 years.
As the property market is still soft, home buyers should buy only for owner-occupation. When it comes to loan packages, rates that are pegged to, say, the Singapore Interbank Offered Rate (Sibor) would be advisable with no locked-in package.
Q: And your home now is...?
A three-year-old 1,033 sq ft apartment in Moulmein Rise near Novena Square. Last year, I bought a 1,033 sq ft Centris condo unit next to Boon Lay MRT Station for $600,000. It is worth about $700,000 now.
Q: And your car is...?
A new black Mercedes Benz C200 which I bought in April for $150,000. I paid for it fully. [email protected]
I find this story a little hard to believe. 1st, it comes from the shit times. Also, the millionaires that I know personally would never in a million years grant an interview to this shit times reporter Lorna Tan. The last thing they need is Inland Revenue starting an audit on them, or CPIB investigating them. Especially for self employed people, what they declare and what they claim is always under suspicion by the tax man. This indicates to me that this chap is either a PAP plant or an idiot. If he is an idiot, than its not likely he made a million dollars.
If he made money in the mortgage business, he should have stuck to it. Why play stocks, especially contra trading which is time intensive? How do u have time left to service your clients properly. U are telling me an occupation that provides u with $1 million a year is not worthy of your FULL TIME ATTENTION, u must try something else like stock trading? He also says he invests in things that are familiar, which I would assume in his occupation, that would be real estate. but than he goes into contra trading with no stop loss, an area that he is not familair with and losses $330K. So, he contradicts himself. What an idiot.
He claims to have made more money in the first 4 months of this year than the whole of last year. So, what he is saying is that he has made more than $1 million dollars in the 1st 4 months of the year. And he says that he has brokered $250 million in mortgages. If he says he earns $1 million so far, he is really saying that he has grossed $1.5 million because he has to pay for his office rent, staff, commissions to brokers for bring him mortgage referrals (yes, i know a little about the mortgage business too), and other overhead. $1.5 million commission on $250 million in mortgages means he earns about 60 basis points per $1 he earns. That sounds a little generous to me. It may be possible, but that still seems a little rich to me.
He says his best investment was a $145K profit on a condo in Jurong after holding it for 16 months. Is he kidding? I know people who have made $300K in 4 months on properties. And over 16 months, $500K profits are not uncommon. If that is his best investment to date, I have to say that is not very good. He also said that last year he bought a 1033 sq ft condo in Centris for $600K and now its worth $700K. I thought property market has dropped, has he got offers for $700K? U can say your condo is worth anything, but the test is when you try to sell it. I would estimate its worth between $450K and $525K. I may be wrong here, maybe a real estate agent bro out there can correct me.
Finally, $150K cash for a lousy Mercedes 200. Are u shitting me? A person wise with his money does not spend that kind of cash on a Merc. 200. Anyway, these are just a few points as to why I smell a rat in this article.
If he made money in the mortgage business, he should have stuck to it. Why play stocks, especially contra trading which is time intensive? How do u have time left to service your clients properly. U are telling me an occupation that provides u with $1 million a year is not worthy of your FULL TIME ATTENTION, u must try something else like stock trading? He also says he invests in things that are familiar, which I would assume in his occupation, that would be real estate. but than he goes into contra trading with no stop loss, an area that he is not familair with and losses $330K. So, he contradicts himself. What an idiot.
He claims to have made more money in the first 4 months of this year than the whole of last year. So, what he is saying is that he has made more than $1 million dollars in the 1st 4 months of the year. And he says that he has brokered $250 million in mortgages. If he says he earns $1 million so far, he is really saying that he has grossed $1.5 million because he has to pay for his office rent, staff, commissions to brokers for bring him mortgage referrals (yes, i know a little about the mortgage business too), and other overhead. $1.5 million commission on $250 million in mortgages means he earns about 60 basis points per $1 he earns. That sounds a little generous to me. It may be possible, but that still seems a little rich to me.
He says his best investment was a $145K profit on a condo in Jurong after holding it for 16 months. Is he kidding? I know people who have made $300K in 4 months on properties. And over 16 months, $500K profits are not uncommon. If that is his best investment to date, I have to say that is not very good. He also said that last year he bought a 1033 sq ft condo in Centris for $600K and now its worth $700K. I thought property market has dropped, has he got offers for $700K? U can say your condo is worth anything, but the test is when you try to sell it. I would estimate its worth between $450K and $525K. I may be wrong here, maybe a real estate agent bro out there can correct me.
Finally, $150K cash for a lousy Mercedes 200. Are u shitting me? A person wise with his money does not spend that kind of cash on a Merc. 200. Anyway, these are just a few points as to why I smell a rat in this article.
"the millionaires that I know personally would never in a million years grant an interview to this shit times reporter Lorna Tan"
It does make a lot sense because this young chap is getting free advertising courtesy of the ST. Wonder if Lorna Tan attends the same church?
It does make a lot sense because this young chap is getting free advertising courtesy of the ST. Wonder if Lorna Tan attends the same church?
Don't tell me you believe these shit the young pang says?!
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>In Peesai, sell backside also must sell, just like the ministers selling their soul to one Familee.
me & me money
</TR><!-- headline one : start --><TR>At 28, he made his first million
</TR><!-- headline one : end --><TR>He was an NS trainee pilot who failed to get his pilot wings, but his mortgage consultancy is now soaring </TR><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Lorna Tan, Finance Correspondent
</TD></TR><!-- show image if available --><TR vAlign=bottom><TD width=330>
</TD><TD width=10></TD><TD vAlign=bottom>
He's just 29, but Mr Bryan Ong has his own company, owns two private properties, has various investments, drives a new Mercedes Benz C200 and hopes to retire by the age of 40. -- ST PHOTO: LIM WUI LIANG
</TD></TR></TBODY></TABLE>
<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->Bryan Ong made his first million last year when he was only 28, mainly from his mortgage consultancy business, but he lost one-third of it in the stock market within nine months.
He was doing contra trading, which is a short-term trading method in which the investor aims to make a profit without stumping up any capital. This is possible because brokers here offer three days' grace for stock traders to pay for the shares they have bought.
<TABLE width=200 align=left valign="top"><TBODY><TR><TD class=padr8><!-- Vodcast --><!-- Background Story --><STYLE type=text/css> #related .quote {background-color:#E7F7FF; padding:8px;margin:0px 0px 5px 0px;} #related .quote .headline {font-family: Verdana, Arial, Helvetica, sans-serif; font-size:10px;font-weight:bold; border-bottom:3px double #007BFF; color:#036; text-transform:uppercase; padding-bottom:5px;} #related .quote .text {font-size:11px;color:#036;padding:5px 0px;} </STYLE>Learning the hard way
'I learnt that making money is not easy and you need to understand your own greed and fear. I realised that stock trading is very addictive. You can get glued to it.' - Mr Ong on his contra-trading losses
Wait for opportunities
'I also have a substantial amount in savings accounts. Cash is king now. I'm waiting for opportunities. Sometimes, not doing anything could be a better move.' - On financial planning
</TD></TR></TBODY></TABLE>Now wiser, Mr Ong said: 'I learnt that making money is not easy and you need to understand your own greed and fear. I realised that stock trading is very addictive. You can get glued to it.'
During those nine months, he put 80 per cent of what he earned into stocks. Now, he diversifies into other financial instruments. He still invests in stocks to keep himself abreast of the market, but puts in only an amount that he can afford to lose, which is 5-10 per cent of his income.
Mr Ong, a Nanyang Polytechnic graduate, did his national service in the air force. He was training as a pilot but didn't make it for his pilot wings, so he left after four years, in 2004.
He worked for less than two years as an agent for property agency Propnex before setting up his own company, BC Group, in late 2005 while he was still a part-time agent.
As a mortgage consultant, he helps clients sieve through all the loan packages put together by banks and finance companies. The service is free since the banks pay BC Group if a match is made.
Despite the property market slowdown, his business continues to be robust this year, particularly when more home owners are finding it worthwhile to refinance their mortgages.
The bachelor has made more money in the first four months of this year than the whole of last year. So far this year, he has brokered $260 million worth of loans. BC Group has attracted about 1,000 private property clients since it started operations.
Q: Why did you decide to be in the mortgage consultancy business?
There is always a demand for such services because Singaporeans have a love affair with property. I find that it is a useful service to be able to advise customers on something important in their lives. After all, buying a property is likely to be the biggest investment or loan in their entire life. I had brokered about $700 million worth of loans since January 2004 before I even started BC Group.
Q: What are your money habits?
About 50 per cent is invested, 10 per cent goes into fixed deposits, 10 per cent donated to church, and 30 per cent for daily expenses.
Q: What financial planning have you done for yourself?
Besides my fixed deposits, I've invested 15 per cent in stocks, 25 per cent in property and 10 per cent in unit trusts which comprise global equities and resources funds. I also have a substantial amount in savings accounts. Cash is king now. I'm waiting for opportunities. Sometimes, not doing anything could be a better move.
Q: What about insurance planning?
I have endowment, whole life as well as term insurance plans. My annual premiums amount to about $20,000. I'm insured for about half a million on my life.
Q: What's your investment philosophy?
I will invest only in things that I am very familiar with, which means I will not touch bonds and currency.
Q: Any other investments?
Last year, I invested $18,000 in a unique tracing system which helps me to monitor the sentiment of the property market. With this knowledge, I'm in a better position to advise my clients on when to buy and sell.
Q: Moneywise, what were your growing-up years like?
I come from a middle-class family of six and I'm the second oldest. We lived in an executive HDB flat in Pasir Ris. My parents ran an import-export business. They provided for us, including enrolling us for piano lessons, but they were not investment-savvy. There were times when they failed to budget and plan ahead and that made me very insecure about the family's financial circumstances.
From young, I resolved to be different and that was a motivation to be money-smart. As I'm an independent person, I moved out when I was 23 and have lived alone since.
Q: What has been a bad investment?
I lost about $300,000 last year through contra trading. I also didn't have a stop-loss strategy in place. I was in penny stocks like Jade Technologies, Rowsley and Baker Tech. Now I don't trade actively.
Q: Your best investment to date?
They are my investments in properties and my business. I bought a 1,276 sq ft Summer-
dale condo in Jurong for $405,000 in December 2006 and sold it at a profit of $145,000 in April last year.
Q: What's your retirement plan?
I plan to retire by 40. I hope to set up a trust fund that invests in properties or equities which will also cater to the needs of my next generation.
Q: Any tips for house buyers?
When the property market is good, everyone talks about making money from capital gains. What goes up is perceived to go higher. But the property market is volatile and property is illiquid. You must always think of what to do if the market sentiment turns bad. If you can't sell at a good price, you have to think of mortgage interest rates and rental yields.
Property investment is all about holding power. Generally, you should be able to make money if you can hold for 10 years.
As the property market is still soft, home buyers should buy only for owner-occupation. When it comes to loan packages, rates that are pegged to, say, the Singapore Interbank Offered Rate (Sibor) would be advisable with no locked-in package.
Q: And your home now is...?
A three-year-old 1,033 sq ft apartment in Moulmein Rise near Novena Square. Last year, I bought a 1,033 sq ft Centris condo unit next to Boon Lay MRT Station for $600,000. It is worth about $700,000 now.
Q: And your car is...?
A new black Mercedes Benz C200 which I bought in April for $150,000. I paid for it fully. [email protected]
Maybe Lorna Tan is his fuck buddy, who knows. It does not appear that she has done any verifications on his claims. Typical shit times poor reporting.
Definitely, this is one big spin job. Hard to differentiate fact from fiction.
I agree with you that his numbers don't quite add up. I suspect his income (if he is being truthful) is a combination of business revenue + a fair bit of private speculation.
Bryan simply comes across as another young punk who got lucky. He seems to have started in this business right at the start of an upswing and is now benefiting from a low rate environment. This punk hasn't even worked thru one complete cycle! And he is talking about retirement at 40? Kid needs to grow up more!
Even as u type this, Ministars are pounding on gay Loong's door to ask for pay increase after reading this article. They will claim that if 29 year olds can make $1 million, they will need more than their current salaries as they have to deal with forced evacuations from Pattaya, potential stabbing by constituents, and other job hazards. LOL
I am sure that is his goal to get free advertising for his business by doing this interview with Lorna Tan. But if you were a potential client, would u use his services? By his own admission, he was addicted to stock trading, and loss $300K. Instead of concentrating on his mortgage business, he tries contra trading. How do u know he is spending his best effort to get u the best deal for your mortgage? He does not seem very dedicated to his career.
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