How did my AIAP selection round go?

Last weekend, I had the opportunity to participate in the selection round for the Artificial Intelligence Apprenticeship Program. This is one of the most challenging try-outs I have ever attempted, because to qualify for this round, I must successfully write a program that employs three machine learning models to process a dataset. 

For this dataset, I need to predict the activity levels of seniors living in a habitat equipped with various sensors, including those measuring carbon dioxide, carbon monoxide, and humidity levels. I completed the programme within the deadline, but my accuracy was about 59%, which is not particularly good. Nevertheless, my submission made it to the final round.

In this final round, I had to first present my solution and then undergo a technical interview. After that, I would be grouped with other candidates to solve an extension of the earlier problem set that I had already solved. The final exercise was really exhilarating, as two hours is too short to run a new dataset through even one machine learning code; making matters worse, we still needed to shape the output in a form that is acceptable to the invigilator in the form of a Python program. This really reminds me of a concept known as the "Kobayashi Maru" from Star Trek.

Furthermore, I suspect that I was grouped with the "uncles" team, basically the oldest folks in this batch, but ultimately this was a good thing, because everyone was calm and mellow. I was tasked with cracking the data cleaning part. At the same time, a buddy prepared his Python program to accept my output, and we barely squeezed out a solution at 88% accuracy, 15 minutes before time was up. 

During debriefing, the investigators had to ask more probing questions about what we understood about the problem and how we thought the ideal approach should be taken to crack it. The rumour was that 50% will be culled in this round, so the final batch that qualifies for deep skilling in AI will be small. 

In an ideal world, this is what skills training should be. The starting point is an asynchronously delivered lesson, and to qualify for deep skilling, you need to produce a functional product to advance to the next level after attending a short course. After which, you still need to get together with others to see whether you can coordinate with a team to get real results. If you want to prioritise skills over qualifications, then to qualify for skills training, there must be a high rejection rate. 

My results, which will be announced by the end of October, are ultimately in the hands of the judgment panel, and I've done my best. If my best is not good enough, so be it, as it's been a challenging and rewarding contest.

For this upcoming week, I will be extending my discussion on covered call strategies. The last video on covered calls did not receive a decent amount of views, but it had great interaction, so I conducted further backtesting to address some questions from my viewers.

On Thursday, I take my biggest risk ever as I deviate from my ordinary discussions to talk about Incel life and the Manosphere. I discuss how to raise boys without them turning into incels and the possibility of financial education that can direct men's energies into more positive pursuits.

As I discuss thought leadership in the Manosphere, such as Andre Tate, YouTube has flagged some issues with my content and reduced monetisation opportunities, but I have appealed that decision. Therefore, I may not be able to discuss this in the future.

 

Hanging out at FL Asia as a defensive habit

 

Whenever I feel insecure during my career, I pay a visit to the annual FL Asia exhibition to look at what kind of businesses are seeking franchisees. And it was never a waste of time. How else can you find an exhibition that has free admission, thin crowds, free food/drinks, and folks eager to dish out freebies?

With my first visit over two decades ago, I must say that nothing serious ever happened. The only time I signed up for more information was when I was on the verge of being outsourced to HP many years ago; I wanted to explore the idea of owning my own Cheers outlet. In every single case, the profit margins are razor-thin, and it felt more like buying myself employment than really becoming a boss of my own firm.

This year, I did not go because I was feeling insecure. If I even wanted to move my wealth to the next level, I had to either find myself a franchise or buy up some kind of business from a retiring founder. So I convinced some friends to attend the session with me. Friends are helpful as a sounding board when looking at potential companies.

I found an academy that trains kids in public speaking, which is up my alley, but it has a hefty six-digit price tag to get one outlet out in Woodlands. My pals seemed fixated on an F&B concept involving a shawarma done in a Taiwanese style that tasted quite good. But nothing really inspired me enough to liquidate some of my investments to get a business running. 

As for the upcoming week, I have just one video on geo-arbitrage ready to launch tomorrow :

But over the week, I will be coming up with more content as we go along.

Am I in a Gen Z simulator?

After running two courses within two weeks of each other, I'm onto my next challenge, which is to qualify for a one-year training stint with the Artificial Intelligence Apprenticeship Programme. Apparently, the software solution I built to predict the activity levels of seniors based on data from several different sensors is good enough to warrant a complex round of interviews this weekend, including a presentation of my solution, a 50-minute defence, and a Q&A on why I decided to build it in this manner. After that, my odds of qualifying for the training are slim, as I will be thrown into the pit with 3-4 fellow interviewees to solve a new problem together, and we have mere hours to engineer something in the afternoon.

The question I've been asking myself lately is whether I'm actually playing a Gen Z simulator.

I have multiple gigs where I barely make enough to get by and settle my personal expenses. To secure a training programme (or, not necessarily a real job thereafter), I must demonstrate actual skill in building a workable solution, but that's not enough; I also need to be work-ready. Hence, people have to observe how I work with others before I qualify for the next round. 

If what I go through is what the latest graduates need to land a job, then most Singaporeans are in serious trouble.

Fortunately, armed with investment income, I can just enjoy the ride and deal with whatever challenges come along.

The first video this week is already out. I really dived deep into the "Safe Rate of Withdrawal" after devouring William Bengen's latest book on how to retire richer. The book is very numbers-driven and quite hard to follow, but I think the attempt to build a video around it has made me wiser to all the issues surrounding the calculation of how much you can withdraw from your funds in retirement. 

On Thursday, I will discuss a highly effective strategy of betting on stock market spin-offs. Link is here: https://youtu.be/xuz-HxIaAZY

On Saturday, I will conclude the Journey to Your First Million series: https://youtu.be/vCufMhJEk_M

As things will get intense over the week, I have yet to plan the next series of videos. So if there is anything you'd like to see, do let me know!

Letter to Batch 39 of the Early Retirement Masterclass

Dear Students of Batch 39,

It's been a great honour and privilege to conduct a 5-Day Early Retirement Workshop for you. 

A lot of peculiar things have happened to the ERM program before this batch. One student wrote to me a while ago that he had tendered his resignation from his job at a multinational. He is in his early fifties, like me, and this is about five years after he attended the program. Another wrote to tell me that his passive income has breached the $1,000 mark. 

However, the marketing arm of Dr.Wealth ended up going away empty-handed, as they preferred to maintain their privacy so that they couldn’t reveal their names for the testimonial. 

The nature of the dividend investor does not have the same flash and bang as other investment methods, where some fantastic gains are one-off.  This is a slow burn involving years of steady wealth accumulation. When you win the dividends arena, the wins are likely persistent and life-changing. Your life changes as you now have the freedom to design a life in any form as you wish. It can also attract negative attention, so I respect the desire for confidentiality.

As for the financial market, we are entering a period where the STI has reached above 4,300 points, so the question from retail investors is whether we are reaching the peak of the stock market. The answer from our course materials is a clear no, as our price-earnings ratio has barely cracked 14. Even so, tailwinds like EQDP and local market reforms will provide enough fuel to reach a PE of 16. 

So don’t let the knowledge go to waste. This batch built a portfolio that can generate an average of $100 per month with a capital injection of slightly more than $18,000. Once you gain some momentum, start scaling up your dividend operations, and I hope that in due time, the success stories of financial independence will come from you. 

Lastly, I hope Batch 39 will participate actively in the FB group.

Hope to see you then!

Christopher Ng Wai Chung

About this week's appearance in The Financial Coconuts

This has been an exciting week for me as I've managed to be featured in The Financial Coconuts. You can watch that video here.

As a small YouTube content creator who barely knows how to create content, I'm lucky to be monetised in 4 months. However, to reach a larger audience, I need to leverage the influence of more successful channels. And TFC delivered in spades, giving me about 200+ new subscribers within a matter of days.

Over the next few days, I will carefully review the numbers for my videos on TFC to determine whether I can effectively document my reach and pitch an appearance on other platforms. My videos with Budget Babe were record-breaking numbers, and my Money Mind episode performed respectably with 191k views over more than a year. 

The bottom line is that cooperation with other channels can be a win-win initiative, with that channel getting high viewership and my smaller channel getting more subscribers. 

So if you have a YouTube channel with a decent audience and want to work with me to produce some content, do let me know!

Ok, now onto the programming for next week. As I will be conducting a class next week, I don't have the mood to make long videos, so the videos are slightly shorter.

On Tuesday, I will be discussing the trend of mini-retirements: https://youtu.be/2uVnsHKZR3w

On Thursday, I will be discussing ComfortDelgro: https://youtu.be/lAuxk650GaY

And finally, on Saturday, I will talk about getting your first $1,000,000 here: https://youtu.be/zVcmFgPwJMc

We should return to regular programming next Sunday.

What to expect this week, and personal update

Last weekend, I had one of my most successful runs in my investing course career. The All-Weather Portfolio Investing course is not expected to attract a large customer base. Still, we were able to find 10 students who were not intimidated by Python Jupyter Notebooks, which we primarily used to generate trading signals. 

This class is special because there are Gen Z software engineering types armed to the teeth with AI tools to debug and enhance my programs in real-time while my lesson is taking place. I conducted a short hackathon between chapters, where I challenged students to beat my Sharpe ratio, and students delivered superior results for all the scripts I presented to them. 

I spent the rest of the weekday evenings, incorporating the students' ideas to improve my programs and will deploy real money behind their improvements. 

My videos were delayed this week.

Tomorrow, we will have a discussion on MAS's EQDP program and how to analyse brokerage house picks that align with that theme.

On Thursday, we will continue our discussion and explore a dividend stock that leverages the EQDP stimulus theme, specifically UOB Kay Hian.

Finally, over the weekend, our journey to become a millionaire continues with a discussion on moving from $10,000 to $100,000 in net worth.

Even though one course is complete, I'm still not totally off the hook, as I have an ACLP assessment this Friday and my next ERM course starts next Tuesday.

Folks interested in the ERM or a resit can contact Dr. Wealth's staff.

Videos for the upcoming week and personal update

I'm still giddy over the monetisation of my YouTube channel. Still, I've to see money entering my bank account as the AdSense revenue for the blog and YouTube comes in a different pool, and YouTube will only update me on how much money I have earned every month. Currently, my numbers are very low, with revenue expected to be around $15 a week.

But this is only the beginning. I have many tricks up my sleeve that I will only play once I start getting real money from my videos.  

$60 is nothing to scoff at if I built everything using PowerPoint slides and a free copy of Capcuts. If I start learning a few tricks, I expect to earn a three-figure sum every month. 

So let's get into what videos will be launched next week :

On Tuesday, we will look into a few yield-focused ETFs on SGX and assess whether a position is justified even for someone with a decent dividend-paying portfolio.

Then we will make a shallow dive into one of the most stable REITs you can buy in SGX- Capitaland Ascendas REIT.

Finally, as I monetise, I will begin to create videos that most folks will want to watch. I'm creating a new series on how you can make your first million in Singapore. 

This series will be red hot and should run in about 4 instalments over a month. Thereafter, I will build a mini-course around it, and it should generate revenue for me in the months to come. 

As I'm remunerated for my creations now, viewers will be able to find many courses equivalent to a full day of finance lessons on my channel.  

Thank you ! My YouTube channel is fully monetised !

 

Slightly over four months ago, I decided to take YouTube seriously. The reasons are many - I bought a Blue Yeti mic and an Elgato camera, and I was not prepared to treat them as sunk costs. Another reason is that Temasek Polytechnic took a one-semester break and had no modules available for me to teach for the next six months. 

And then came Trump's liberation day when markets crashed.

So this is my channel, started as a defensive manoeuvre to create a new source of income - better do one earlier before I became really desperate and actually had to draw on my capital. 

(I have a Victorian-esque fear of drawing on capital, having read that Victorian landowners would rather engage in prostitution than draw down on their wealth.)

My situation is way better today, but the effort to build the channel continued intensely, and we rode the market recovery of the STI to its peak.

So I gained 1,000 new subscribers and clocked 4,000 hours of views in about 4 months, so I started on 6th April 2025, and we fully monetised today on 18th August 2025. To give a proper perspective, only 8% of channels get fully monetised.

My effort to maintain my channel is minimal. I generate 3 videos and post them every week using a free subscription to Capcuts. The effort is less than 6 hours a week in total - it must be less than someone's computer gaming hobby. 

Also, my philosophy is not to put any money into a project until I can get some cash out. This has proven to be challenging as my videos do not have decent sound processing features - I'm counting on substance to attract my viewers, so I'm happy the fans came through for me.

When choosing the subject matter, I chose the topic based on what material I liked to present. This means accepting poor viewership for my Shallow Dive series, which made me a better retail investor. It's also very illuminating to map the viewers to the featured stock. One of the best value plays in my book is China Sunsine, but viewership was dismal; many viewers tuned into the discussion on MINT. So there's definitely some bias towards REITs with a higher market capitalisation!

Now onto my best content:

My top video is the one on how I lived on dividends for a decade. Dr Wealth suggested this title for my talk on SGX, and so it's no surprise the video alone clocked my 440 hours. The truth of the matter is that I'm very reluctant to harp about my dividends because they will gape at it without understanding the frugality, patience and strategic position that enables this lifestyle in the first place. But sometimes I end up doing it because I also want my business partner to succeed.

In the number two position is a provocative video on CPF that riffs on the 1M65's points on CPF. CPF can be a very polarising topic if done correctly, but it's essential to be fair and balanced on CPF reporting. I'm threading the zone between Mr. Loo's zealous support and Roy Ngerng's overly negative stance when it comes to CPF. The only thing I need to make sure of is to be factual and data-driven in my approach.

Finally, my mini-course on FIRE is the most comprehensive and straightforward explanation of the FIRE movement for anyone interested in joining. I'm disappointed it's not number one on my list because I wanted to create a free course for my viewership. It's also a harsh training in numbers. Shorter videos create longer views proportionately which really reflects on how short everyone's attention span has become. 

Finally, I want to talk about building new income structures like YouTube or dividends. 

As everything is data-oriented with instant feedback, it might not be totally productive to keep watching videos from so-called experts or relying on well-meaning advice. You do have unique strengths to succeed in your own way - I have the power of an existing clientele, public speaking skills, so I don't need to watch any video on AI or automation of videos. 

My voice is enough to carry me through.

Instead, you must take aggressive action, then roll with the punches arising from negative feedback. You only seek to learn something new if you're stuck on a problem. Otherwise, only kinetic action will get you to the next payment milestone. 

Moving forward, while doing more videos, I will slowly pick up basic copywriting skills, design methodology and digital marketing as core disciplines to drive all areas of my business.

With this milestone, you can expect more material to arrive after CPF week, and this includes a fairly lengthy collaboration with a more successful channel on YouTube.

Thank you, once again! 

Let's have a week of nothing but CPF videos

 

Last week, Havend launched a new e-book on CPF, and to celebrate the launch, my channel is doing a whole week of CPF videos. Of course, CPF videos do very well on YT, and I'm likely to achieve monetisation of my channel in a matter of two days.

My first video, which is a simple one on CPF transfer, has just dropped, and I just uploaded my second one, slated to come out on Tuesday. I won't be previewing the rest on this blog; just subscribe to my channel to get future notifications on my new videos.

A bit of background on my arrangement with Havend. I have an introducer contract with Havend, but I do not get paid based on the content I dish out. Where I do get paid, it's enough to buy my latest batch of financial textbooks from Amazon.  

So, I only get paid if someone signs up with Havend's services by using my link. My support for Havend's business is purely out of my own conviction that something is broken about the commissioned sales regime in Singapore, and any attempt to reduce this conflict of interest can earn my support. In all my videos, I've shared my opinion on what I've learned from the e-book, and my opinions are clearly my own and don't often toe the line.

In case you are wondering why I look like I'm attacking the CPF system as if it were a monster, I'm just making a fair statement that CPF tries to take on too many roles at the same time, so it can come across as not excelling at any individual task to the everyday Singaporean. It's like a Hydra. 

But we should be grateful that it's the 5th-best system on this planet.

Anyway, it is not easy to publish an e-book on the CPF system as it has many moving parts. It's also not a high ROI activity. So I hope readers of my blog will be happy to download a free copy and study it like a textbook. You will gain a lot from this effort. 

Download Havend's CPF book here: https://havend.com/publications/

Sign up with Havend using my referral code: 

https://havend.com/contact/?utm_source=chrisng&utm_medium=clickthrough&utm_campaign=hvdintroducer&utm_id=CNGLSN24  

Don't hide behind your degree !

 

Sometimes this blog can still get a longer article if I succeed in connecting the dots between what I hear and what I do, and hopefully, it can result in some insights about what it's like to survive in Singapore today.

A few weeks ago, my buddy was saying on The Financial Coconuts that folks should not hide behind their degrees. I did not listen to the video, but this is a potentially memeable proclamation for all the wrong reasons. If this were said by a non-degree holder to a degree holder, it would invite more scorn than self-reflection, as it does sound like a challenge. I can just say "Sour grapes", then move on in my life. 

But if I do that, it's also mean-spirited on my part.

But I suspect in this AI-obsessed economy, this statement is not a challenge, but just a reflection that, actually, no one can hide behind a degree these days, as the depreciation of knowledge is now very steep. GPT-5 already assists me greatly in my shallow dive videos on local company stocks. 

And now there is actually a book on how learning can take place in the future. Lean Learning by Pat Flynn is not particularly revolutionary, but it offers an alternative to academic learning. In Lean Learning, learning becomes "just-in-time". People engage in small projects and learn enough just to reach the next critical milestone. So if I'm trying to build a business and I'm writing a copy, I check out a short article on how to write copy, write a bare bones copy, get ChatGPT to refine it, then launch it to observe results and prepare my next copy. 

I'm not convinced that Pat Flynn is totally correct, as we may need a degree to cover multiple domains at a high strategic level, so that we will know how to intelligently engage with AI in the future to solve actual problems. I also do not believe that capitalist living is all about information products and building up marketing funnels.  

Future degrees will also reform similarly to the AIAP or the 42 program from SUTD, which is asynchronous, problem-based, with a ridiculously high drop-out rate to maintain its value. 

Finally, I have to address some of the things I am learning as part of my ACLP program. In this program, our job is to facilitate learning among working adults, in fact, non-PMET adults. If we play by the rules, we can teach based on frameworks like Gagne's Nine Events. In such a case, training slides become very inefficient, and it takes three hours to cover 4 slides of materials because we're trying to engage students with stories, fun and games. Engagement guarantees that students will fall asleep, but learning in Singapore needs to result in employment, which is a higher bar that facilitation can never address. 

So I'm going to make a prediction.

ACLP is like a Grab license. You get enough to give you a basic employment teaching non-PMET skills that may or may not result in employment, so the ACLP credential holder is, in essence, the welfare recipient. 

The serious qualifications will be taught asynchronously, so only the most focused and conscientious students will be able to complete the assignments for marking. The fewer humans who lead these courses, the more valuable it will be because of how mind-numbing it is to write code, put it on GitHub, and have an AI review it. 

In the end, the human is just there to interview candidates for job roles.

 

Happy National Day ! Upcoming videos for the week.

 

For this National Day, I launched a video that goes over the same slides I showed in SGX Auditorium two weeks ago on "How I lived off dividends for a decade". And as usual, the video did not need a boost on social media as it hit 400+ views within two hours. So you guys can follow this link and enjoy the National Day special. 

On Tuesday, I will talk about why REITs are still a compelling asset class that you can consider and detail three strategies on how this theme can be played for investors will different risk appetites.

On Thursday, I will perform a shallow dive on the first growth stock in the series, UMS Integration Limited.

That leaves a video for the weekend, which I'm still working on. I've agreed to work with Havend to talk about their latest e-book on CPF, but I've yet to come up with an angle on how to do this. I'll be reading the e-book in the meantime so that I can put my own spin on it. CPF videos tend to attract the greatest number of views, so expect a no-holds-barred discussion on CPF that authorities may not necessarily like by next Saturday.

Let's enjoy the holidays, and I will have a more decent article for you tomorrow.

Upcoming videos and personal update

What a crazy week it has been for me. On 30th July, the Artificial Intelligence Apprenticeship Program launched a skills assessment package. And immediately upon examination of the contents, I realised that it is one magnitude harder than the technical problems I have been taught under the foundation program. For the next 3 days, I still had ACLP classes to attend, but I was just focused intensely on data analysis and coding. 

Just yesterday, I managed to submit my two programs that I wrote, and I decided that maybe it takes a younger professional to thoroughly meet the requirements of the full assessment package. The funny thing is that if the whole problem can be solved thoroughly, you don't need to be an AI apprentice. You are already a journeyman. 

Maybe this is the grim reality in tomorrow's employment landscape. To even qualify for a job or a training stint, you need to master the material before you even land an interview. 

No one can hide behind degrees. 

No one can hide behind their incompetence. 

But, since I do my videos in batches, we have not lost momentum on the YouTube channel, so expect the following in the upcoming week. 

On Tuesday, I will launch a video on primary considerations before someone pulls the trigger on Early Retirement. Most of us focus on Financial Independence and Early Retirement, which usually does not attract a lot of consideration. 

On coming Thursday, we will do a shallow dive on Mapletree Industrial Trust. This complements the video on AIMS APAC REIT earlier this week. You can really feel how biased local retailers are. Videos on the obscure small-cap dividend counters get poor views, but REITs actually do magnitudes better.

Finally, I revoiced the slides I used on my SGX talk on Wednesday. The topic is how I have lived on my dividends for the past decade.  

Enjoy the rest of the week, and I'll update you again next Saturday !

Upcoming videos and personal update

Last Friday, I just started my ACLP training with the Institute of Adult Learning, so it's technically my first qualification held under the auspices of SUSS. I suspect there are quite a number of ACLPs reading this blog, so yes, I am still going through many "WTF!" moments in my head, but let's be fair to the authorities. This is a qualification that can unlock taxpayer dollars, so expect numerous checks and balances before certification can be attained. 

I will provide more profound thoughts in a later blog article after completing my program. 

For my YouTube channel, I just launched a commentary on a Julius Baer report.

Next Tuesday, I will be reviewing Budget Babe's latest book, Take Back Control of Your Money. I suppose some people might want to know my thoughts on the Tokenise exchange issue regarding Budget Babe. Still, unfortunately, I don't have enough information about the situation beyond acknowledging that some comments exist on the Telegram group. I guess I'm lucky that I have yet to collect money from sponsors on my own channel.  

Next, we will take a brief look at AIMS APAC REIT on Thursday. This series is not popular, but it sharpens my own skills as an investor, so I wonder if a video on a REIT would gather more eyeballs. 

Finally, for next weekend, I will talk about the gurus and goondus. We will also review various scenarios in which the STI can be reached and the actions I will take in such cases. 

As I'm on course, I may have to slow down content creation. Also, please note that the quality of the material may drop slightly in the meantime. My programme stretches until November 2025.

Why guys without a passive income of $500 had better not start dating.

 

There is a wealth of research emerging from the US on dating, family, and money that can be an enlightening read for individuals who typically only read books on investing. 

In Myra Strober and Abby Davisson's book, Money and Love, one of the most counterintuitive findings is that women who earn more than their husbands actually do an even larger share of housework than women who earn less than their husbands. The researcher named this the "economy of gratitude".

The more economically dependent men are on their wives, the less housework they do. 

It gets worse; you may think that modern society would shift this balance of workload, but the research papers are pretty recent, so this is not something arising from the 1990s. This also applies to women whose husbands are unemployed, as it can be particularly stressful to renegotiate household responsibilities. 

As a guy, even though I spent my NS doing more area cleaning than even NS guys today, I do negligible housework at home. However, to be fair to myself, I'm the only person working in my household and I'm hardworking, investing the family funds. But as a father to a daughter, I would not like her to have a deadbeat husband who does nothing at home when she brings home the bacon.

Which sort of brings me to one of the more controversial ideas in my talks. 

In an earlier presentation with Tiger Brokers, I mentioned that I had never seriously dated until my passive income reached about $500. I also had a fragile male ego in my 20s, and the $500 gave me the confidence to date, allowing me to graciously pay for all the dates using my dividend income with plenty of leftover money to buy even more dividend stocks. Over time, the dividends can grow to the point where the individual can become a two-income family on their own efforts, giving their wife the option to leave the workforce. 

Yes, this is a very old-fashioned way of looking at relationships, but clearly we're still living in an age of fragile male egos and toxic masculinity. 

One of the essential lessons you can learn from the book is that modern couples need to establish household responsibilities during the dating phase. Therefore, I think that if guys have a big ego, they should develop a substantial income or net worth to match. 

Be fair to the ladies, work on yourself so that you can contribute fairly to your future household. 

Super Terrible Index makes everyone in my household a millionaire !

 

In case you're not aware, the Straits Times Index is currently at an all-time high of 4,189.5 points. 

Not too long ago, if you were an investor in the STI, you'd be the butt of jokes. However, thanks to chronic indifference from Singapore's own investors, who prefer US stocks and dividends, older investors who enjoyed dividend investing were able to stubbornly accumulate companies that generate decent free cash flow over the past decade. A few, like myself, who primarily invest locally, currently hold US stocks just to demonstrate the power of my Python Jupyter notebooks. 

I never anticipated that the STI would exceed 4,000 so soon; in fact, I did not even think MAS's moves to stimulate the money could get us there, but my intuition tells me that if Donald Trump wins, I would easily make a 6 figure sum from something, be it my crypto holdings or real estate holdings. AS it turns out, his tariffs caused a movement of capital out of the US markets and into the world, where Singapore primarily benefited from a stable currency, a sane government, and a low inflicted-upon tariff rate.

I always said that if you are a local investor, you are, in essence, investing in a broken clock. However, a broken clock is still correct twice a day, and you only need to be right once in your life. The first time I was right was when I invested all my take-home pay in SGX stocks during the Great Financial Crisis. That made my first million, but it also laid the foundation for me to FIRE early in my life and return to my career as an investment trainer. 

But I kept at it because I was bothered that only the folks talking big on blogs and social media about FIRE are all singles pontificating about life, while families continued to require financial support. And whoever makes a million dollars or has left the workforce would get slammed by salty Sinkies. So I carried on thinking about earning money because I have family members, like my kids, who have not achieved FIRE yet.

However, thanks to recent events, as I tallied the valuation of my real estate holdings, CPF, and investment funds from all sources and countries, converted into SGD, I can say that everyone in my household for this weekend is a millionaire.  

Unfortunately, I won't be able to enjoy my weekend. 

I came down with the flu, despite being thoroughly vaccinated. I was diagnosed with a frozen shoulder, and now I'm deciding whether to turn to TCM or Western medicine. The government system will only grant me a specialist appointment in September. I have slides for a week of videos, but I can't record the voiceover until my throat feels better.

Maybe markets will retrace this week and we will lose our millionaire per pax status next week. There is no functional change in the way I manage my household.

But this surely makes an exciting blog article title. 

Rest assured that a video will follow once this financial position is further secured. I want to review the effects of my earnings and dividends in Q3 before I can really consider this a big win. 

Insights from the demented genius of Nanjing Red Uncle

 

The most interesting piece of news that has gone viral around the world is that of Nanjing Red Uncle, a 38-year-old who managed to convince 1,691 men, many of whom were heterosexual, to have sex with him. As I have fewer subscribers on my YouTube channel than Red Uncle has men, it was pretty fun to read up on the commentary regarding his behaviour.

Over the weekend, I've been hanging out with really smart Millennials, and one snippet of our conversation was about ladies from an elite school in Singapore who are having problems dating men because they are just so good at cutting them down. Of course, it took me a while to put two and two together, which was only after I read some commentary from Taiwanese gossip channels about Red Uncle's genius that my mind was blown by this insight.

Red Uncle's genius lies in being the inverse or opposite of these elite ladies.

In some perverse way, Red Uncle, being a man, has a firm grasp (yes, pun intended) on the problems that men in China, and possibly most Gen Z men, face. Men in China have serious demographic disadvantages, as the unbalanced sex ratio condemns many men to a life of singleness. Even if they do find a way to get hitched, Chinese women call the shots on dowries and bride price, making it hard for a family to establish itself for men in rural regions or low-earning men. 

So there's really no reason for Chinese women to pander to men because of the bargaining advantages they have. So over time, I suspect what's missing in a guy's life is emotional safety. A place to be vulnerable, but also to feel like a man. You find this in many gag videos where American Gen Z dudes pay women to say nice things about them. 

Which explains Red Uncle's demented genius. He looks like Shrek, but all he wants is for the men to hook up with him to bring some fruits and, occasionally, some milk or cooking oil. Red Uncle also makes it a point to occasionally find ways to make his hookups look heroic, like asking for help gently to dispatch a cockroach. If you put everything together, this is the exact opposite of how Chinese women, and possibly our elite ladies, would treat the average non-PMET guy in Singapore - how else can you explain the high margins of "hang flower" places?

With all this analysis, the question we have to confront is whether a homegrown Red Uncle exists, perhaps in the underbelly of the Yishun area.

I don't think Singaporean men are so hard-up that they can settle for some anal with Shrek. Our currency is strong, and there are bridal agencies specialising in brides from other parts of Asia.

But what makes me ultimately uncomfortable comes back to the notion of emotional safety. Not every guy has that in their relationships. 

Maybe Red Uncle is, indeed, the girlfriend of a better age.

Upcoming videos on my channel next week

If only I could create a video that can latch onto the popularity of the Red Uncle meme, my channel would monetise immediately. Still, I was unable to come up with an angle as I made all these videos over two days.

My first video, scheduled for Tuesday, is on how to think about the differences between insurance and investment. If you understand the difference, you will be able to save on commissions and put thousands of dollars back into your pocket.

On Thursday, we will be reviewing a deep value play that has numerous issues, not unlike an encounter with Red Uncle. We will be examining China Everbright Water, a textbook dividend stock with negative free cash flow. 

Finally, over the weekend, I continued to leverage memes arising from the 1M65 telegram groups by diving deeper into the "Super Terrible Index". 1M65's genius is in turning abstract finance ideas into something that other investors care about.

I continue to seek support from readers to forward any material you like to your friends, as even Red Uncle has more sexual encounters than the number of subscribers on my YouTube channel.

Catch you in the middle of the week for deeper articles on this blog. 

Updating our understanding of what capital is

With my new video release schedule, I can gradually consider ways to integrate this blog into my content creation mix. One approach is to update everyone on what's been happening with my wife; another is to discuss deeper insights into what I've read, as the material would be too abstract or boring for a YouTube video.

For this article, I have chosen to discuss different forms of capital as presented in the book "A Wealth of Well-Being" by Meir Statman. This book is not primarily about finance, but rather the broader issues that surround it.

On social media, someone commented that I am too cynical about women being attracted to economically resourceful men. He reasoned that most pairings occur in tertiary education when men have not yet started earning money, so there are some considerations for romantic love in modern society.

I rebutted the point fiercely. Why are ACS guys a hot property in the dating market? My reasoning is that women are not fools; human capital is the present value of income as yet unearned, so they are selective about the guys they date, strategicaly weighing the potential of mates they meet on Tinder or the latest dating app - this is a consideration of human capital rather than financial capital, even successful female executives want men who can at least eqaulise her earnings. I don't say this to mock any gender; Good research is seldom politically correct, but I think men need to up their game because making money via regular employment is getting harder by the day, thanks to AI adoption.

Social science research backs my point - in societies like the US, marriage rates within ethnic groups are low when the ratio of female to male incomes is high and approaches 1. When females earn as much as men, marriages become unnecessary. So, the marriage rates of Whites and Asians are high in the US. In contrast, the marriage rates are low among Hispanics and Blacks.

As such, it might be helpful to update ourselves on he latest four forms of capital we can consider from the book by Meir Statman.

Here are he four forms of capital :

a) Financial Capital

This refers to a person's wealth and income. This is easily quantified and is the most important. Having financial capital can improve well-being and might even be convertible into other forms of capital. It is the most critical form of capital.

b) Social Capital

Social capital is a measure of the power of personal networks. Even among lower-income groups, people can pool resources to assist in child rearing or engage in bulk purchases. For the elite, having the right doctor, lawyer, or accountant in your personal network can solve many problems of daily living. 

c) Cultural Capital

I don't trust cultural capital because it is fickle. Your taste is a marker of your social class. I recall an ACS colleague reviewing my CV. He remarked that the paper I used was too flimsy; it should be printed on 80 gsm paper. It is the most irrelevant comment I have ever heard in my life - but on hindsight, he is so correct!

My cultural capital is not particularly high, as I'm basically an engineer who was admitted to the Bar. Cultural capital consists of behaviours and attitudes that make a person a part of an in-group. Sometimes, a person is simply not a cultural fit in a corporate environment because they don't dress the part. Two people, dressed in a shirt, pants, and a tie, yet one has the bearing of a commissioned financial advisor, and the other resembles a private banker. 

d) Personal Capital

The idea of Personal Capital is new to me, as it has not been mentioned in the sociological texts I read in the past. Some aspects of capital are clearly personal - tall people tend to earn more money and are perceived as more convincing. Beautiful women enjoy privileges. Jade Rasif discussed being consistently chosen to play the role of the butterfly in school plays. This is also extended to ethnicity, gender and sexual orientation. 

Some forms of capital are simply innate.

So, there you have it; there are many forms of capital. You need to recognise that some groups, such as IT professionals, have financial capital but low cultural capital, while some cool, hipster poets are the opposite. If anything, there is really no such thing as a broad middle class if we break capital into four different parts. 

My channel content for the upcoming week.

 As we gather data on our performance, I will adjust my approach to content creation.

The mini-course on FIRE was successful, with a single video generating over 300 hours of viewing time. I was disappointed that the average time viewers spent on the video was 12 minutes out of an hour, which demonstrates how short attention spans can be these days. I'm better off producing shorter videos, about 10 minutes in length. However, that also means creating hour-long mini-courses, perhaps once every few months, as I combine slides from previous videos.

This week, I'm changing my approach - I will generate three videos in one go, then focus on other priorities, such as my AI data package, which is scheduled for release on July 10. I need to crunch a dataset to qualify for an apprenticeship program.

Tonight, we will have a light segment on CSE Global. 

On Thursday, I will launch a Beginner's Guide to the Supplementary Retirement Scheme.

And I saved the most entertaining video on Saturday, where I try to decode the statement "Dividends Investing is Dangerous" made popular by the good folks of the 1M65 chat group.

I hope that you guys will support my YouTube Channel. We've come a long way from 400 legacy subscribers to close to 1,200 at the moment. 

Please share this with folks who might benefit from my financial content.

Come for my free Mini-Course on FIRE

 

The primary assertion made by the protagonist in the Squid Game is that we are not horses but humans.

But so what, even if we are, we can still lose the game and die a horrible death, while the VIPs get evacuated to safety. So it comes as no surprise that my longest video attempted to date on my YouTube Channel will channel the leitmotif of the Squid Game, which shook me to the core after Season 3. 

Initially, the YouTube gurus suggested that I could simply chain my videos together to rapidly scale up viewership numbers. However, I wanted to add more value, so I re-narrated over the slides after adding more material to the content that had appeared in my videos at an earlier date.

There are initially five videos on FIRE, then I added a section on the future of FIRE and alternatives competing with it. 

The motivation behind this is to create a one-stop video for individuals to understand what the FIRE movement is all about before they start engaging with an FA who has been making claims that they can assist with someone's FIRE journey. The only investment required is slightly over an hour of your time.

The video will premiere at 9:00 p.m. tonight, July 5, 2025.