The conclusion of Provident on “Should property be your biggest investment?” is: Not necessarily, and probably not for most investors for investment property rather than the home you live in. My two-cents on property investment Note that Provident is a fee-only wealth advisory firm. It is understandable why it advocates diversified portfolios in asset, sector and … [Read more...]
Money lessons I share with my children
Should I write about money lessons for children? Two years ago, I wrote the blog post “Teaching children about money”. However, unlike the very popular post “Another PSLE result release day”, not many read it. Apparently, blogging about PSLE has nine times more views. Obviously, Singapore parents think helping their children to score well in public exams is far more … [Read more...]
My experience of early retirement
Early retirement was a popular topic during friends’ gatherings this Chinese New Year. Many of my friends are in their mid-50s to 60s. Although they are older than me, I was the first one to stop working full-time at age 45. Hence when they mentioned three highs and work stress, or whether they should retire now and what things to do after retirement, I was grateful that I … [Read more...]
Seeing China from Guangzhou
Last month we took a family trip to Shenzhen and Guangzhou. It was the latter that I would like to visit again. I have been to Guangzhou for business a few times. But the last time was twenty years ago. The company I worked for won a contract with Guangzhou Baiyun International Airport. I flied there after the new airport opened in 2004. Two decades later, Guangzhou is very … [Read more...]
Will I be rich?
“Will I be rich?” My 14-year-old child asked me when we were going for a walk after dinner. I know the answer from her Zi Wei Dou Shu (紫微斗数) chart. But I can’t tell her. I could only reply with a model answer. “If you work hard, save religiously and invest prudently, you will be rich.” The Chinese dream to be rich It is arguable that every Chinese has the dream to … [Read more...]