“Debt is dumb. Cash is king.” - Dave Ramsey, American millionaire, author and radio personality “The Last Dance” Early this week I went Johor Bahru to watch the original Cantonese version of “The Last Dance” (破地狱). The Hong Kong film has broken six box office records, including highest opening day and total gross, taking in HK$100 million revenue 20 days after … [Read more...]
Who wants to be a Millionaire?
A millionaire or a HNWI (High Net Worth Individual) is someone with a liquid investable wealth of US$1 million or above. The amount only includes cash, debt-free residential properties, and listed company holdings. Henley & Partners, in partnership with wealth intelligence firm New World Wealth, released the 2024 World’s Wealthiest Cities Report. It tracks the movements of … [Read more...]
Reporting from Shenzhen: How China stimulates the property market
I was in Hong Kong last week. To find out why Hong Kong people flocked to Shenzhen on weekends, I decided to cross the border for a personal experience. Singapore’s infamous train fault There is a Chinese saying that “Good things aren’t heard outside the house. Bad things spread a thousand miles. During this trip, whoever I met, the first thing they mentioned was … [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...]
4 formidable sales tactics
It is not easy to tell the difference between the truth and a sales tactic. To trust or not to trust, that is the question. Singapore is a high trust society. According to the 2024 Edelman Trust Barometer, Singaporeans have high level of trust in the government (77 percent), non-governmental organizations (66 percent), business (63 percent) and media (60 … [Read more...]