Five Cents Ten Cents

The headline “Local businessman loses $26m at RWS casino over 3 days” is a sobering reminder of the possible consequences of a gambling approach to financial freedom.
What is staggering is the amount; but underlying this story is what can potentially happen to any of us when we take a gambling approach towards financial freedom.
I have [...]

I am constantly reminded about the unpredictability of life. Yesterday one of my colleagues injured herself getting down from the bus and was on a week’s medical leave due to a fracture in one of her bones. Another colleague informed me that she was tendering her resignation because she wanted to pursue full-time studies to [...]

October brings back images of stock market crashes, the falling of the sky and other doomsday scenarios on the scale of apocalypses. It is not surprising that weak employment data last Friday in the US has made equity markets jumpy.
Currently, I’m adopting a nimble strategy of being overweight in cash and eyeing the bluest of [...]

Hong Kong and Singapore.
These two countries are often compared because of similar geopolitical situations, racial compositions, approaches to economic growth and competitors to be the regional (if not world) class financial markets.
However, the recent Lehman mini-bonds fiasco has shown very different regulatory approaches in resolving the losses suffered by investors.
Hong Kong Monetary Authority: 1
Hong Kong’s [...]

I read Minister Gan Kim Yong’s remarks relating to the amendments to CPF Life with incredulity and shock.
The article by the Straits Times “CPFLife payouts for Life” is very misleading as the content of the article focuses on the questions raised by Mdm Halimah Yacob. Her concern is expressed here:
The remark was directed at Madam [...]