The Wrong and Right Way to Invest: Wheelock CEO


Once in a while you get these great gems from reading the papers. In a Business Times interview, David Lawrence practically whacked the greedy banks and at the same time dished out an excellent investment advice. It’s never been so clear.

In the words of the Wheelock Properties CEO,

“A lot of this crap was sold by so-called relationship managers in the heartlands, in the HDB estates. The banks use pretty girls to sell to the uncles and pretty boys to sell to the aunties. All they are interested in is their commission. They know nothing, these people.”

As for the right way to invest, Mr Lawrence said,

“Personally, I never buy any structured product. I only buy stocks… There are very good stocks, with good boards of directors, that pay good dividends. So don’t be greedy. Just invest in Singapore companies (such as the three local banks, Keppel, Fraser & Neave, Singapore Press Holdings, SingTel and Singapore Technologies) … with boards of directors – executive and independent directors – with proven integrity.”

The basic idea is to buy blue chips and hold them (see also market cycle investing), like what Mr Lawrence said:

“Even if you buy high and they go low, you just keep them and live off the dividend. Don’t buy unless you’re going to hold them for the long term.”

Reference: Wanted: A cheap platform to trade in local stocks (BT article, July 5, 2009)


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  1. Agree but if one look at the dividends to price for blue chips, one still needs to hold quite a number of blue chips shares to earn a decent income from dividends. The annual income of Wheelock Properties CEO is most probably enough to buy more of blue chips to earn decent dividends income.

    While most average Singaporeans especially lower-middle and even middle-middle income with bills here, there and everywhere, will not have enough to buy substantial blue chips for a decent dividends income.

    As a result, still need to make the first pot of gold from somewhere else, like high income of a CEO for the Wheelock CEO case.

    Anyway, if anyone wants, can download famous author of Rich Dad Poor Dad latest book for free at his own website,, by 07 July 2007.

    Free reading of book ends on 07 July 2009, after which it will be published as hardcopy and selling for more than $20.

    It is very informative and readable, like Rich Dad Poor Dad.

  2. Pingback: What’s not good about Supplementary Retirement Scheme (SRS) | - Your Salary in Singapore

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