{"id":1467,"date":"2008-02-20T16:53:05","date_gmt":"2008-02-20T08:53:05","guid":{"rendered":"http:\/\/silverhairsclub.com\/?p=1467"},"modified":"2008-02-20T16:55:16","modified_gmt":"2008-02-20T08:55:16","slug":"shcic-money-and-you","status":"publish","type":"post","link":"https:\/\/silverhairsclub.com\/?p=1467","title":{"rendered":"SHCIC – Money and You?"},"content":{"rendered":"

I want to share a good article on the budget and state of the real economy. We thank a SHC member for reminding me.
"Stagflation Hits Singapore as Inequity Grows"  Andy Mukherjee  Feb. 18 (Bloomberg)
http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&sid=aZM2OxYMU7f8<\/a><\/p>\n

"the perils of slowing growth and accelerating inflation"
GDP growth coming in at or less than 4% sees the economy braking. In addition, "..the bigger threat is clearly the 4.4 percent rate at which consumer prices rose from a year earlier in December, the quickest pace in a quarter century."
Translation :  Money comes in a drying trickle and pours out in a torrent. <\/p>\n

We will have a free time slot for an informal meeting for SHC Investment Club at Scorebot on Thursday 20 Feb 2008 at 7pm. Free. We will discuss
(a) The Budget
(b)  CPF and implications
(c)  How to compute your annuity payout and manage your CPF.
(d)  Strategies to stay on top of the Real Economy  <\/p>\n

"However, the rich have fared much better. Starting in 2000, inequality has widened a little every year. Singapore’s Gini coefficient, a widely used measure of income concentration, overtook that of the U.S. in 2006 and rose further last year to 0.485, a very high level of disparity for a society with an educated workforce."
In other words, being smart is suppose be the universal economic leveller. But in Singapore, the rich is even smarter in staying ahead.<\/p>\n

Personally, I think the overall statistics understimates the truth. The offical inflation rate has long become a joke. Do you know a single living Sporean who is facing less than double digit inflation of costs? Hint: Forget CPI. See what they do, not what they say. Annualised their pay rise over the years to arrive at a true inflation index. The day that they pay themselves less than inflation will be the day that furry animals fly. <\/p>\n

I was at a house party last Sat in Tanjong Rhu. Someone said  that every block in the area has enbloced except one. No wonder than there are so many parties there. So many relatively unassuming and unambitious people have become millionaires overnight doing nothing much except for holding on to their assets for long term until the right time. Smart investments can look very unfair to the guy who is asked to work to his grave. It takes only one good run and you are home on the beach. <\/p>\n

Life is actually fair. Everyone has many chances in a lifetime. Few take them.  Question is which side on the inequity line stands thee. If you are on the wrong side, do you know how to cross over?<\/p>\n","protected":false},"excerpt":{"rendered":"

I want to share a good article on the budget and state of the real economy. We thank a SHC member for reminding me. "Stagflation Hits Singapore as Inequity Grows"  Andy Mukherjee  Feb. 18 (Bloomberg) http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&sid=aZM2OxYMU7f8 "the perils of slowing growth and accelerating inflation"GDP growth coming in at or less than 4% sees the economy … Continue reading “SHCIC – Money and You?”<\/span><\/a><\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34,22],"tags":[],"class_list":["post-1467","post","type-post","status-publish","format-standard","hentry","category-34","category-22"],"_links":{"self":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts\/1467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1467"}],"version-history":[{"count":0,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts\/1467\/revisions"}],"wp:attachment":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}