tag:blogger.com,1999:blog-17478547.post5376310468856618500..comments2024-03-27T20:17:30.597+08:00Comments on Growing your tree of prosperity: Should we learn a thing or two from Communist China?Christopher Ng Wai Chunghttp://www.blogger.com/profile/15534057160494859977noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-17478547.post-8057776504491480442021-07-29T17:25:55.543+08:002021-07-29T17:25:55.543+08:00This may be a good time to nibble a bit of China i...This may be a good time to nibble a bit of China if you have a 10-20 year timeframe.<br /><br />A bounce today, but probably a dead cat bounce. Likely scenario will be prices going nowhere for the next few months, with trading in a tight range.<br /><br />US markets much more predictable & can expect continuous all time highs into next year.<br /><br /><br />As for your 3 suggestions, unlikely any one of time will pan out anytime soon.<br /><br />a) S'pore situation barely 5% of China's, and "improving" year-by-year. By "improving" I mean education is getting simpler & less stressful in S'pore.<br /><br />The most stressful period in S'pore education was probably in the 1980s & 1990s. Streaming madness then & stratification/classification of students starting from 9 yrs old was seen as the norm.<br /><br />b) 2 words: kiam siap.<br /><br />S'poreans are not willing to pay for financial advice. Even HNWIs are willing to pay 2% on $1M worth of financial products but unwilling to fork out $5K or $10K for analysis & advice.<br /><br />Research in UK indicated that the middle-income & lower-income ended up worse off in terms of lack of financial advice when their financial industry went to fee-only mode. But probably quality improved for those who could pay.<br /><br />c) 1 word: Votes.<br /><br />S'pore is semi-strong authoritarian democracy, not totalitarian. Can't put the genie back in the bottle without doing a govt change.<br /><br />Still rely on cooling measures (for general property market) & sale/ownership conditions (for HDB and EC).<br /><br />E.g. implementing 15-yr MOP and/or 20% capital gains tax for HDB in CCR or RCR areas.Unknownhttps://www.blogger.com/profile/02938450718690565242noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-68778042400262616442021-07-27T22:02:41.310+08:002021-07-27T22:02:41.310+08:00Good that youre enjoying it!Good that youre enjoying it!BlackCathttps://www.blogger.com/profile/01099222810472620637noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-49998099853000255202021-07-27T18:25:51.348+08:002021-07-27T18:25:51.348+08:00Do my suggestions hurt your wallet ? Do my suggestions hurt your wallet ? Christopher Ng Wai Chunghttps://www.blogger.com/profile/15534057160494859977noreply@blogger.comtag:blogger.com,1999:blog-17478547.post-30846764791098051262021-07-27T11:30:29.352+08:002021-07-27T11:30:29.352+08:00Just my thoughts. More regulations etc will not r...Just my thoughts. More regulations etc will not resolve the issue. Crux of the matter is what is Singapore's education churning out ? Have we been taught to think critically / independently for ourselves? If tcommon sense prevail and our people are sufficiently educated to think critically - is there a need for so much regulations. Your insight is rather short sighted for someone who has clearly demonstrated an apt to learn.JChttps://www.blogger.com/profile/08656215768251412106noreply@blogger.com