EDUCATIONAL STORY ABOUT HIGH YIELD INVESTMENTS.
A STINGY MAN
Thursday, 4 Jun 2026. Food Republic. City Square Mall.
"I am a stingy man!" the 72-year-old Senior Calvin declared to his three silver-haired friends at one of the Thursday lunches and dinners I attended with my wife. A drink costs $2.90 per cup, free flowing, but Senior Calvin would not buy one as he has his 200ml water bottle in his sling bag. One Senior bought a cup of Milo for him as he had occupied a seat.
I got to know this group of four during my Vietnam Tour some 5 years ago.
The 3 Seniors failed to change Senior Calvin's behaviour over many years. "He would buy the cheapest food during lunch," Seniro Jack said to me. "If a dish costs $9.00, he would not pay for the $3.00 plate instead."
"I can understand his behaviour," I said to the 3 Seniors yesterday. "Every cent saved from eating can be invested in his high-yield unit trusts. Now he has $350,000 based on $300,000 invested in Aberdeen 2 years ago! Every month, he receives $3,000 from Aberdeen!".
"Grace from Great Eastern loves him," Senior Bernard said. "He has his fingers all over her!". Calvin did not rebut. "It is not nice to say that of a hard working financial consultant of Great Eastern," I replied.
"I mean he has his thumb prints in the various documents Grace had given him. Do you know Grace? Her daughter is taking over her portfolio!" Ben replied.
"I don't know Grace. Is she a Director of GE?" I asked. "I don't think so!" Senior Ben replied.
Conversations with the 4 Seniors involving Senior Calvin can be educational and entertaining sometimes. Senior Calvin has wealth, but he has already declared he is a stingy man. So what? He believes he is healthier by eating cheaper and he has the wealth to support him to his 100 years of age!
P.S.A stingy man is someone with the financial means to spend but who is excessively reluctant to part with his money. Often driven by a deep-rooted fear of scarcity or lack of control, he tends to hoard his resources rather than share them, prioritize cheap alternatives, and frequently complain about being broke.
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