How much bad news can we take in one week? Singapore’s unemployment rate hit 2.9 percent in the second quarter. Under the prolonged Covid-19 pandemic, we still manage to maintain low unemployment. Thanks to the government’s more than $15 billion payout under the Job Support Scheme. It is also because our unemployment rate excludes the unemployed non-residents, the … [Read more...]
Learning from the Chief Investment Officer
In last week's The Sunday Times, there is an article titled "Me & My Money: Investing for long term to build retirement nest egg". Me & My Money hasn't had a good article for very long. This time it featured the Chief Investment Officer from AIA talking about her personal investment strategies. Her honest sharing and down-to-earth advice have struck a chord with me. I … [Read more...]
What Covid-19 has taught me about life and investment
As I was writing this blog post, Covid-19 has 6.6 million cases worldwide and over 383,000 people were killed. To distract myself from the chaotic world outside, I re-read Robin Sharma's best-selling book The Monk Who Sold His Ferrari. As the author told us, everything happens for a lesson: There are no mistakes in life, only lessons. There is no such thing as a negative … [Read more...]
Is home ownership irrelevant for Generation Z?
We have been living in the same estate over the last twelve years. When we first moved in, I noticed a middle-age couple and their son staying in the opposite house. I still recalled how this latchkey kid in his primary school uniform returned home alone after school and climbed upstairs to his room. A few years later, one day I saw him coming back home in his mother’s car. … [Read more...]
Why are you not rich?
Happy New Year! May your year in 2020 be filled with joy and laughter. In less than a month, it will be Chinese New Year when we wish each other a prosperous lunar new year. But why prosperous? Why do we want our family, friends, colleagues, acquaintance and strangers to do well financially? Is this unique to the Chinese when other races wish each other happiness, peace … [Read more...]