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...]
No new investment for retirees
Investment does not equal wealth. In fact, investing is just an action to put money into something, with the hope of generating return in the future. (Note: For those selling or marketing investment opportunities, this blog post is not for you.) Retirees can’t afford to lose a single dollar After his retirement, a famous Hong Kong disc jockey changed path to be an … [Read more...]
The most honest property developer
Which is the most honest property developer? In 2012, former CapitaLand chief executive Liew Mun Leong urged the government to regulate the building of shoebox apartments. He criticized shoebox developers for wasting Singapore’s limited land. Besides, these homes are “almost inhuman” and not good for the welfare of the family. Apparently, Liew himself grew up in a … [Read more...]
Coronavirus crisis will prove survival of the fittest
Survival of the fittest is a Darwinian evolutionary theory that believes during natural selection the weak die, leaving only the strongest to continue living and reproduction. With coronavirus lingering for over two months, we learn that this disease is unbiased during infection but discriminatory in fatality. We all have equal chances of getting it. But patients who are … [Read more...]