“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...]
Rate cut and where to park money
Rate cut talks have dominated finance news for over a month now. What a breath of fresh air. It gives us hope after alarming events in the recent global winding of Japanese yen carry trades, or frantic sell-off of equities and cryptocurrencies. Rate cut twists and turns In fact, since end-2022 some analysts have been speculating that Federal Reserve would lower interest … [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...]
How to win with money
Many people invest in properties, hoping to achieve financial freedom one day. But do they know how to win with money? John C. Maxwell, my most admired leadership guru, once shares his views on the subject, leaving me much fruit for thought. Someone once said that when it comes to money, you can't win. If you focus on making it, you’re materialistic. If you try to but … [Read more...]