Since 31 May 2019, Monetary Authority of Singapore (MAS) has blacklisted The I Quadrant in the Investor Alert List which, according to MAS website, “provides a list of unregulated persons who, based on information received by MAS, may have been wrongly perceived as being licensed or regulated by MAS”.
The authority stops short of labelling companies in the Investor Alert List as providing scam services or engaged in fraudulent activities. But most Singapore investors should know that it is best to steer clear of those companies listed in Investor Alert List. After all, plenty of local investors had lost their pants investing in property schemes provided by companies like Profitable Plots Pte Ltd (which is still listed in the MAS Investor Alert List). In the case of Profitable Plots, the directors had been jailed by Singapore court.
The reason for MAS to blacklist The I Quadrant is unclear. According to the website of The I Quadrant, the company provides financial education services relating to property investments. Perhaps, the authority has moved in to blacklist The I Quadrant because of its Facebook advertisements which claimed that the founders are able to “own 36 properties with little or no cash”.
I always tell my readers that the golden rule in investing is: return of your capital is more important than the return on the capital. There are no free lunch in this world, so investors must wise up and stay vigilant against risky investment schemes that promise high returns with low or even no cash.
Own multiple properties with little or no cash
We all know that buying multiple properties in Singapore inevitably incur substantial capital layout because of the need to pay additional buyer stamp duties (ABSD), legal fees, agent fees, down-payment and whatnot. The I Quadrant states that they can teach buyers to own multiple properties that “come with little or no cash”. In my view, I am quite [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
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