By Singapore Man of Leisure
I just came back from attending AK’s 3rd chit-chat session and I didn’t come home empty handed!
I enjoyed myself – and that’s the most important!
Since I am not a bleeding heart like somebody, I expect to get something in return. I’m a taker.
I wasn’t disappointed.
During the interactions, one guy shared his kicking the tyre knowledge on one particular stock based on his day job in the air-force. Another man working for big daddy also shared on what he knows on this same company from his day job. Yup, this company got backing from big daddy’s sovereign wealth fund.
I’m not going to tell what stock they were talking about. Told you I’m not a bleeding heart!
These 2 gentlemen have an edge over you and me.
Just like I have an edge over you when it comes to shipping and port related stocks – once upon a time I was acting Transport Manager and have worked in Supply Chain for more than 7 years….
What’s your edge?
If you have no clue, pause and reflect a bit next time you buy a stock. Try figuring out who is selling to you? For your sake, you must be hopping the counter-parties on the …read more
A four-year non-specialised degree programme in a Singapore university can easily set you back at least $32,000, even after factoring in the MOE Tuition Grant. But cost isn’t – and shouldn’t be – the be-all and end-all of a university education, contends our writer Budget Babe.
Words by Budget Babe
With the rising costs of university education, many of us can’t help but question if it is still worth pursuing a degree in Singapore, especially when income wages have not risen significantly despite the higher education levels of most workers today.
Furthermore, some of the world’s most successful (and richest) people did not even complete their college studies. Hardly anyone would label Bill Gates, Mark Zuckerberg, Steve Jobs or Oprah as failures for not having graduated with a degree.
But having gone through university myself, here are my top five reasons – not including the higher wages you’ll receive compared to a non-graduate – of why you should pursue a university degree anyway.
Employers still value university degrees
If given a choice between a diploma holder and a university graduate, all other factors being equal, most employers would prefer to hire the latter.
After all, university gives you a rigorous and in-depth knowledge training …read more
Truth be told. Some years ago before BigFatPurse grew from a blog to a business we were faced with an identity crisis. We know for sure what we wanted to achieve – to help retail investors level the playing field, to address the inefficiencies in the markets and to disrupt the traditional (and if we might add, not always correct) way traditional finance is being conducted. For a long time we do not know how to go about achieving it.
We pondered many ideas – and one of them was a crowdfunding platform to match lenders and investors with companies in the need of funds. Efficient resource allocation forms the basis of a capitalistic society. The idea ranked pretty high on our list. We just never got down to doing it.
Apparently we were not the only ones with the same idea. We first read about MoolahSense last year. They are a lending platform that allows investors to finance SMEs in return for an attractive rate of return.
Some weeks ago we met up and chatted with Lawrence Yong, CEO of MoolahSense.
Prior to founding MoolahSense in September 2013, Lawrence worked in the financial services sector for more than 12 years, half …read more
By Lionel Yeo
“When all is said and done, we cannot but marvel at what Mr Lee had done for Singapore. We owe him much. What is the secret of Mr Lee’s success? It is his self-discipline, a life guided by a deep foundation in ethical and moral principles, devotion to his country and a deep love for the people of Singapore. Above all, he emptied his life for the people.”
– Archbishop William Goh
Image credit: chooyutshing
MAS has opened up more investment options to Singaporeans, including guaranteed savings bonds and enhanced access to ETFs and corporate bonds.
Words by Calvin Yeo
Good news: investing for your retirement just got easier.
The Monetary Authority of Singapore (MAS) will be opening up more investment options for local investors, announced Senior Minister of State for Finance and Transport Josephine Teo at an investment industry conference yesterday.
- Making it easier to buy Exchange Traded Funds
- Giving investors better access to corporate bonds
- Introducing the new Singapore Savings Bonds
These initiatives, we believe, will be a step forward in helping Singaporeans plan for their retirement, which has become increasingly important due to the rising life expectancy in Singapore.
Easier to buy Exchange Traded Funds (ETFs)
We’ve actually highlighted to the MAS on multiple occasions and during the pre-Budget meeting to make ETFs more accessible to local investors, so it’s nice to see that they’re finally playing ball.
ETFs, as its name suggests, are investment funds listed on the stock exchange that allow you to buy a basket of stocks (such as the STI top 30 stocks) instead of buying one stock at a time. You get to invest in all the stocks with a small …read more
[Photo Credit: Getty Images via BBC]
“Dedicate your life to a cause greater than yourself, and your life will become a glorious adventure.” Internet entrepreneur Lim Der Shing pays tribute to the late Mr Lee Kuan Yew by reflecting on what it means to live a fulfilling life of purpose.
Words by Lim Der Shing
I feel much sadder than I thought I would at the demise of Singapore’s founding father, Mr Lee Kuan Yew.
I must have shed tears at least five to six times in the last few days as I read his speeches and saw his life photos. Not the type of tears one sheds for a beloved family member, but tears shed because his was a life worth living, and it is sad that such a well-lived, meaningful life has to end just like any other life.
As I reflect on what Mr Lee represents to me, I realise what I’ve learnt most from him is that it is possible to dedicate one’s entire life to a single greater purpose and have no regrets at the end of it.
Mr Lee was clearly extremely intelligent and eloquent. He was also a natural leader, knowing when to play …read more
[Photo Credit: SG50]
Singapore today stands as nothing short of an economic miracle, thanks to the visionary leadership of the late Mr Lee Kuan Yew. He bequeathed a great legacy; now it is up to us to uphold it.
The pinnacle of great leadership, Machiavelli once wrote, is to ensure a safe, stable and prosperous state.
Singapore today is one such shining example, thanks to the economic far-sightedness of our late founding Prime Minister, Mr Lee Kuan Yew.
Every Singaporean alive today knows of Mr Lee and what he has done for Singapore. While we may not have known him personally, we all knew him in the manner that mattered most: through the successful Singapore he had devoted his entire life to building.
From colonial backwater to economic powerhouse
As a nation-state, we have come a long way over the past 50 years.
When the country became independent in 1965, it was, bluntly put, little more than a big slum on a sandbar, with nary an economic resource to draw upon, and whose major industry as a British naval base had disappeared.
By today’s standards, such a state would likely be condemned to perpetual poverty without foreign aid. Few would have bet on its chances of …read more
By Singapore Man of Leisure
Big daddy was so impressed with the HAIR model of Shell in recruiting and developing talent that it adopted it for it’s own Civil Service.
I’ve never worked for big daddy and I don’t think I’ll ever pass through Shell’s gates. Although I did get to work as a technician at one of the petrochemical white elephants at one of our offshore islands during my “lost years” – that only lasted 1 month.
So don’t worry about me asking you loads of psychological and aptitude test questions. I’ve no clue myself.
But that doesn’t mean we can’t have a bit of fun and see how much we know ourselves.
All we need is some empathy and powers of observation. OK, here goes!
H for Helicopter ability
Do you often find yourself focusing on more on MRT breakdowns than let’s say the impact of China’s burgeoning blue water fleet’s impact on China/ASEAN relations?
How about this CPF thingy? Do you get all flustered with all this commotion about CPF – believing that when it’s your turn to collect – there’s no money there? Or do you spend more time on earning more; saving more – knowing this is what you can control?
A for power of Analysis
This …read more
By Alvin Chow
There were many tributes written about Lee Kuan Yew by now. I will add a little twist to it by using the Maslow’s Hierarchy of Needs to show what he has done for Singaporeans. Let’s start with the most basic needs and we work up the pyramid. The article is covering short snippets of his contributions and not meant to be an exhaustive list or a detailed discussion of his achievements.
1. Physiological Needs
His contributions in improving our physiological needs was the most obvious. We had no water so he bought some from Malaysia. We also needed proper shelter so he built HDB flats and helped us own them.
He wanted a clean environment as we needed healthy bodies to work for the country. He knew he needed to go further to inculcate every Singaporean about the importance of cleanliness. He led by example sweeping the streets.
And I still remember the frog mascot from the clean and green movement when I was in Primary School.
2. Safety Needs
One of the biggest worries when Singapore gained independence was the withdrawal of British military forces. He had to build up a credible defence force quickly. Otherwise …read more