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Don't be a yield pig, be a hardy pig.

Monday, December 10, 2012

We have heard or read in personal finance matters that we should not be a yield pig. Indeed, promises of very high yields in instruments which we could hardly understand should be looked at with great suspicion.

This does not, however, mean that we simply brush off high yields. After all, certain S-REITs were offering very high yields at the depths of the GFC a few years ago. People who sniffed at them in disdain back then could be sniffing for a different reason now.

We have to be courageous and careful at the same time. What my driving instructor told me years ago just came back to me. In driving, we have to be 胆大心细. So, if we wished to change lanes and we were only 胆大, we might end up in an accident. If we were only 心细, we might never make the change!

We must have the courage to be a contrarian when everyone flees a genuinely rewarding proposition and the courage to say "no" to something which seems too good to be true in the absence of a logical explanation.

This blog post is a reminder to myself as well. Money is hard to make and we have to make it hard to lose.

When I was in the USA, I saw this poster and it has nothing to do with personal finance. The only thing it has in common with this blog post is the word "pig"!

“Be a hardy pig, an income-generating vegetable garden, or an essential and productive tool.”

Anyway, it intrigued me enough to go online and read more about Oxfam. What they are doing is very meaningful and I would encourage you to read more about Oxfam and why "be a pig" at: Oxfam: Working together to end poverty and injustice!

In case you are wondering, no, this is not a paid advertisement. :)

More photos of my U.S. trip here:
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