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Serious $50M Sinkie Lawyer-Towkay Aspires To Sell Off HDB, Buy EC And Retire With $200M!
- Thread starter JohnTan
- Start date
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)
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)
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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.
So have this 50 million loi yer paid taxes for all the incomes from his investments. Or iras sleeping?
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.
I prefer keling Gabriel.
You are very harsh towards people who have money. Why do you behave in this way? It is nothing wrong to have money.
Hell notes. Maybe some in Monopoly money.
Easy to proof lah. Just sent article to iras lor. Iras can help confirm. No need to speculate here, dio boh?
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?
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.
SPH could have checked with ACRA and pulled his company financials. Disgraceful.
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.
SPH has run out of stories to write. Write fake news is better than no news.
Look like IRAS should invite him for kopi session.
This cannon fairy still qualifies for HDB conservancy rebates.
This cannon fairy still qualifies for HDB conservancy rebates.
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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.
