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Showing posts from May, 2015

Ethics and Property Investment

Recently, I got to know that an acquaintance of mine is now a hot shot property investor - well, he has been doing so for the past number of years so I'm not surprised. And he's still quite young too, in his mid 30's and said to have accumulated more than RM10 million worth of property. Kudos to him and he's also now giving talks on how to do so... Now this is where the ethics part comes in - he's still working for a financial institution. The rules are that you can still have a second job or a direct interest in a business outside of banking provided you declare it and it doesn't affect your work nor should there be a conflict of interest. E.g. you can be a TV ad model / actor - not an issue However, seems that he's giving talks on how to get bank loans easily to buy lots of property in a short time. Now, I can guess how it can be done but I can't bring myself to do it - simply because it is not particularly ethical. So anyway, dear reader