As opposed to how awful my last weekend was (which will be a topic for a future blog article), this week has been pleasant as I attended a gathering of Swiss Cottage Secondary School's 1990 graduating batch's 50th birthday celebration. As I belonged to the "study" clique in school many years ago, I did not expect to be at the centre of social interactions. Still, I deeply enjoyed observing the proceedings yesterday, and I have enough readers in that event to be able to pen my thoughts on reunions.
We're still basking in the glow from last night's celebration, with some folks in the financial sphere claiming to know my cohort mates. My mum commented that the ladies looked dynamic and young even though we were half a century old. But the wisest thing a classmate told me last night was that class reunions can be a tense affair for some people and that those who decide to show up are the most satisfied with their lives. So, at least 30 happy people from the cohort.
That being said, some topics of conversation are interesting enough to make it on this blog.
Investing in Malaysia
So, the background is a classmate who is a Malaysian working in Singapore kicked me up and drove me to the event. He was discussing investing in Malaysia with another classmate, and that other guy was quoting from this blog about my anti-Malaysian investing thesis. You know the rest, I don't agree with the 1M65 mobs at all, and I believe that political and forex risk will damn Singapore investors in the future if the incumbent loses power. And I speak this as someone who owns an income-generating shophouse in the JB suburbs.
But it's unfair for a buddy to be contradicted because of what I write on my blog. Malaysian Chinese have a significant advantage in earning SGD and becoming landlords in Malaysia. This is because they can shift their expenses to SGD or MYR and are slightly less affected by forex changes. My current JB shophouse yields about 6%, so I don't see an issue of a Malaysian Chinese earning SGD to play JB Monopoly to systematically buy shophouses and then swap them for a motel later in life.
But good luck if you are a Singaporean facing information asymmetries and a ringgit that may plunge further.
The exam includes questions on ratio and proportion, where students must solve problems involving the comparison of quantities and apply proportional reasoning to find missing values.
ReplyDeleteRead more: PSLE Maths