Even if you put in foreign banks, you are still likely to lose
to inflation.
There are many many ways to use money and place them where you
can get till 10% p.a. within SG (passively), but very long term...
Right after my exams I'm going to embark on some further reading up
and preparations..., and already have plans to save a few hundred a
month just for this goal alone.
inflation is like true FT. they are needed IF only they are
true FT with talents not available here. else, they are just
to lower cost. and this is not wise nor is it a solution other
than a workaround that anyone can come up.
nothing great.
if you read my post paying due attention, you
could not fail to read that i said foriegn banks that
give higher interest rate. And this implicitly means able
to cover the inflation.
i urge you to study hard and avoid IT which is has oversupply of
'talents' that price themselves from 2.5k.
It should now be clear to everyone, the term Talent is
over-used and to me strictly, it is not accurate term. They
are foreign workers.
A Foreign talent would be, to me, someone like Koh Boon Wan
who is invited to be citizen and he dropped his malaysia
citizenship to take up the job gubbymenting.
another case in point is a scientist. a researcher with nobel prize
level of calibre.
I am sure no one in the world dares to criticise me if I call
them talents.
Thus, i educate people who still do not understand the word
'talent', what it means.
if you are really a talent, why are you paid low ?
i think somehow they are called foreign talent and fall under
the policy of foreign talent. Their obvious purpose i see is to
delay mnc from relocating.
Lowered cost due to influx affects locals .Flats price
are already world famous expensive, daily expenses are
going up and up. ERP, COE, ERP Parking, Inflation has gone record
high. medicals, education. how low can poreans salary go to compete
with influx ? And Low Quality of Life. But there is someone trying
to find the happiest person maybe hoping to clone more people like
him.
Thus, a long term solution is needed to give locals
higher paying jobs and creating jobs for locals 1st and not just
creating job for everyone. delaying MNCs from moving out is not a
longterm solution. its a workaround, shortterm. This effort should
start about 20 years ago.
