tag:blogger.com,1999:blog-7944902213075756335.post6419064122718313045..comments2024-03-29T10:22:24.187+08:00Comments on A Singaporean Stocks Investor (ASSI): Mentally and financially prepared for retrenchment.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-7944902213075756335.post-55855483519267964202018-12-29T12:39:00.184+08:002018-12-29T12:39:00.184+08:00Hi Ben,
Definitely. :)Hi Ben,<br /><br />Definitely. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63463660265797372382018-12-15T22:24:10.055+08:002018-12-15T22:24:10.055+08:00Hi AK71,
The above circumstances go to show the i...Hi AK71,<br /><br />The above circumstances go to show the importance of having the passive income. No job is secure. One may be asked to leave at any point of time. Having the assurance of such back-up is great!<br /><br />BenWTKhttps://www.blogger.com/profile/11459028978258841179noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37627515326738705432018-12-11T13:36:06.659+08:002018-12-11T13:36:06.659+08:00Reader says...
Hi Ak, another one of my colleague ...Reader says...<br />Hi Ak, another one of my colleague ask to go today. 😧 is very sad to see him packing as he sits next to me. Haiz<br /><br />Then I think of you. I don know whether I should be Glad or sad? Sad because my company not stable but glad because I have build up some passive income.<br /><br />I am prepared anytime I may be ask to go. However by learning from you, I quite confident AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60948503809493599512017-09-07T08:49:16.456+08:002017-09-07T08:49:16.456+08:00Mr Chua said...
Coincidentally, I was on the phone...Mr Chua said...<br />Coincidentally, I was on the phone with my brother in law and he said my sister (perhaps too emotionally shaken to talk to me) was taking a pay that resembles 20 years ago. She is near 50 years old , had an ITE cert and escaped restructuring, retrenchment 3x. The last time was hard and she didn't manage to escape. I agree totally with AK's way of cutting down on AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-81339514081169021042017-02-03T21:27:59.152+08:002017-02-03T21:27:59.152+08:00Deutsche Bank plans to cut as much as 17 percent o...Deutsche Bank plans to cut as much as 17 percent of its equities staff and 6 percent of its fixed-income staff around the world, the Wall Street Journal reported on Friday, citing people familiar with the matter.<br /><br />The paper said notices were to be sent to many employees next week. It cited one source as saying the cuts were part of Deutsche Bank's previously announced plans to cut AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57641819779414864602017-02-03T16:28:41.607+08:002017-02-03T16:28:41.607+08:00"It will never happen to me."
It just ..."It will never happen to me." <br /><br />It just might.<br /><br />To have complete peace of mind, be prepared.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-30612510677166359552017-02-03T16:25:16.817+08:002017-02-03T16:25:16.817+08:00Economic restructuring and slower growth took a to...Economic restructuring and slower growth took a toll on the labour market last year, which saw the highest number of layoffs since the global financial crisis in 2009.<br /><br />A total of 19,000 people were retrenched or had their contracts aborted last year, up from 15,580 the year before.<br /><br />Retrenchments alone hit 16,600, according to preliminary full-year data released yesterday by AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42353782355659373072016-12-30T12:38:25.531+08:002016-12-30T12:38:25.531+08:00If we are prepared, we need not fear the big bad l...If we are prepared, we need not fear the big bad letter "R".<br /><br />"About 120 employees from Toyota agent Borneo Motors and Suzuki agent Champion Motors will be retrenched in the coming weeks, in one of the largest downsizing exercises to hit the local motor industry. Their parent company, vehicle distribution giant Inchcape, is restructuring its operations here. The cohort AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-8389156042693978582016-12-19T11:15:33.285+08:002016-12-19T11:15:33.285+08:00Hi simplyme,
The only constant in life is change....Hi simplyme,<br /><br />The only constant in life is change.<br /><br />We can only hope that the leaders we have elected to govern the country will continue to do the right thing. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-46190176565595595982016-12-18T19:52:43.116+08:002016-12-18T19:52:43.116+08:00Workfare is definitely work-ethics driven. There a...Workfare is definitely work-ethics driven. There are those that are definitely with the sole intention of giving out free money to the "masses" though. I really dislike that the budget catered to it can only grow (and ditto to the populace's dependence/expectations of monetary handouts). I do even those programs geared towards the "unfortunate older cohorts" (i.e. Silver simplymehttps://www.blogger.com/profile/09309919454375456952noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58279795019330495632016-12-17T20:28:10.457+08:002016-12-17T20:28:10.457+08:00Hi simplyme,
I like the idea of Workfare. It is a...Hi simplyme,<br /><br />I like the idea of Workfare. It is along the same line as the CPF. Individual responsibility first and the government rewards us for our effort.<br /><br />I hope I do not live to see the day Singapore goes the way of a Welfare state.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-74689617418950780332016-12-17T19:46:19.611+08:002016-12-17T19:46:19.611+08:00Wisdom is neither gained with age nor education. I...Wisdom is neither gained with age nor education. It is gained through experience. The probability of having more meaningful experiences wld increase with age but it's not guaranteed. Some people live their lives in a cocoon/bubble only to see it pop when the cost of it happening is highest. But fear not, our government will happily pump in more social spending (and cut unimportant areas like simplymehttps://www.blogger.com/profile/09309919454375456952noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62883568213379372342016-12-16T15:14:09.727+08:002016-12-16T15:14:09.727+08:00Analysts have slashed their growth forecast for Si...Analysts have slashed their growth forecast for Singapore’s economy for 2016 to 1.4 per cent from 1.8 per cent - the third time this year they have cut their forecast, according to a quarterly survey released by the Monetary Authority of Singapore (MAS) on Wednesday (Dec 14).<br /><br />While in line with the Government's forecast of 1 per cent to 1.5 per cent growth, it would be Singapore&#AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12568789221306716982016-12-16T14:21:45.806+08:002016-12-16T14:21:45.806+08:00Hi SMOL,
Wisdom comes with age. This is something...Hi SMOL,<br /><br />Wisdom comes with age. This is something I never really agree with. ;p<br /><br />I am glad you also think that a gambling budget of $50 per month is not too damaging. I am not averse to a bit of gambling in life and I made this clear very early in my blogging days: <a href="http://singaporeanstocksinvestor.blogspot.sg/2010/03/money-management-is-gambling-bad-thing.html" rel="AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27401010915993712242016-12-16T13:22:54.243+08:002016-12-16T13:22:54.243+08:00AK,
Setting aside $50 per month for Toto and Big ...AK,<br /><br />Setting aside $50 per month for Toto and Big Sweep can do less damage than whole life never invest, but in your 50s or 60s all of sudden become super interested in investing and go all-in!<br /><br />Especially when you have not built up your own decades worth of investing battle scars...<br /><br /><br />It never bodes well when I see people with 50 to 60 years of life experiencesSingapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.com