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7/12/2007

Myth 148 - The Golden Period

Many people will be turned off by this phrase. Many will sneer at its pomposity. Many will rubbish it off. But believe me, it is true. This is not a myth. We are indeed in the golden period. Never in our history have so many people who upgraded from HDB flats to live in mansions. And not only one mansion but another 5 or 10 private properties. And some better still, a few more properties overseas, to hedge just in case Singapore sinks tomorrow. With so much money to play with, they can have all kinds of contingency plans. Never in our history have there been so much wealth that $600k is rubbished as small change. And there are many people who have so much money that they can say, 'What is $5 million or $10 million?' And never have there been so many people bathing in money, earning millions and millions. If this is not the golden year, then what is? And the phenomenon is not only happening here. The same thing is happening in Malaysia. Many are also laughing all the way to the banks. Many have exceeded the Swiss standard of living by all means. For those who are left behind and cannot experience the golden ray, it is their fault. This is a land of opportunities. Exploit the system to your benefit. If you can't then don't blame others. I don't blame others though I am not experiencing any of the golden ray. Just not talented enough.

11 comments:

Anonymous said...

Well you could have bought OCBC and DBS shares to keep when they were still mid caps or old properties when nobody wanted them then. 24 months make alot of difference you know.

redbean said...

i could have bought a lot of things if i only knew. also must have the big cash. unfortunately not earning a million a year.

Anonymous said...

The 16,000 millionaires that were plublished plus probably another 30,000 publicity shy secretive ones are loving evry minute of this Singapore Dream.

redbean said...

not only them. anyone speculating in properties will too.

shall we still bother to complain about a 10c increase in a cup of kopi?

Anonymous said...

you want to participate in the golden period go join the security sector as security officer.. it is boom town charlie sector according to the officials.

redbean said...

i think the construction sector is better. they need a lot of construction workers.

Anonymous said...

:) witty fella

Khiat Han Hwee Adrian said...

Instead of lamenting that we cannot feel this golden period, we should see how we can make use of this period.

Try to save as much as we can during this period and invest them for good returns.

For those who missed this period may have to wait for the next if it ever happens.

redbean said...

it is not that people do not want to take part in the golden era. in order to take part you must have the prerequisite to take part.

i heard of one guy who make several millions in the stock market. sounds so easy. just crunch the numbers a bit. if the trading profit is 30%, to make $300k, the investor must have $1 mil to play with. to make $1 mil he will need about $3 mil. to make several millions, he needs 3 times that value.

to earn millions in salary, you need to be at the right place and the right time, and the right grandfather.

opportunities are aplenty. but not many can take advantage of it.

Anonymous said...

that may be yor view, but to earn millions in salary one must seize the day and take on more risks.it is those that dont know toil blood and sweat who wont taste big success as your dreams are made from risks, the bigger the better.lol

redbean said...

true.

chee soon juan, jeyaratnam and the likes took a lot of risk for the millions at stake? or they were just having fun?

or they have other higher objectives?