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Archive for July, 2009

Stocks and Property Recovering (see graph)

Saturday, July 25th, 2009

This recession is perhaps the most “prosperous” recession we have ever seen, thanks to all the liquidity injected into the global monetary system and our government’s pump priming of the local economy with infrastructure projects, jobs credit and low interest rates.
The STI index closed today at a 10-month high of 2,533.43.
And URA reported a better-than-estimated [...]


Read the full article at Stocks and Property Recovering (see graph)

Posted in Investment | 15 Comments »

Telemarketer Makes 20k

Sunday, July 19th, 2009

Flip to page 8 of Sunday Times and read about an ex-telemarketer making $20,000 every month working for Citibank and DBS:
“From 2000 to 2003, he was a telemarketer for Citibank and DBS Bank and earned a monthly salary of $20,000. He thought nothing of splurging on high-end labels like Louis Vuitton…”  
I’m not sure if telemarketers [...]


Read the full article at Telemarketer Makes 20k

Posted in Career, Income, Jobs | 15 Comments »

Know Anyone Retrenched?

Wednesday, July 15th, 2009

With rising GDP and record housing prices, and talk of “dual economy“, this recession seems not so much of a recession at all.
Unless you have lost your job.
A BBC poll says two-thirds of the people in UK are “hit” by the downturn. What they mean is that about 67% of the people know someone who [...]

Read the full article at Know Anyone Retrenched?

Posted in Jobs | 23 Comments »

Property Prices Out of Whack

Saturday, July 11th, 2009

The HDB resale price index has set a record high of 140.0 according to HDB’s flash estimate released early this month.
More than half a year into Singapore’s “worst” recession and after private property prices crashed more than 20%, the resilient HDB prices manage to buck the trend and even set a national record – the [...]

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Posted in Investment | 5 Comments »

The Wrong and Right Way to Invest: Wheelock CEO

Saturday, July 4th, 2009

Once in a while you get these great gems from reading the papers. In a Business Times interview, David Lawrence practically whacked the greedy banks and at the same time dished out an excellent investment advice. It’s never been so clear.
In the words of the Wheelock Properties CEO,
“A lot of this crap was sold by [...]

Read the full article at The Wrong and Right Way to Invest: Wheelock CEO

Posted in Investment, Retirement | 2 Comments »



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