Why do people become bad investors as they age? Because success brings asymmetry. When you are rich, you have a lot to lose than gain. That is when you become fragile and struggle emotionally when making logical financial decisions.

*[SGD] 6M T-bill Auction result:*

Cut off yield 4.2%pa
Average yield 3.77% pa
Bid to cover ratio 2.56

Why do retirees always lose money in investing? Because most of them trying to find that holy grail of investment schemes that are:

* High-returns,
* Low-volatility or capital guarantee,
* Very emotionally comfortable investment journey.

And very often, they either found scams or pretenders who are not shy to give empty promises.

Hi, Friends

Can attend this event if you are available. It is FREE. Should be fun. 😁


WWTD 2023 (What Would Tiger Do)
- 14-15 Jan 2023
- Visual Arts Centre (Dhoby Ghaut MRT Exit B)
- 10am - 8pm (last entry at 7.30pm)

What to expect:
-  👀  Sneak peek of the 2023 market outlook from professionals
- ✈️  5 interactive zones that will transport you from Singapore to Japan, US, China & Europe
- 😍 FREE KOI*
- 🍦 FREE ice-cream*
- 🧳  Stand to win a RIMOWA suitcase (worth up to $1,890)*
- 🛍️  Stand to win an exclusive travel-themed swag bag (worth up to $250)*
- 🐯  Win exclusive Tiger Brokers merchandise from our Lucky Draw*
- 🍽️  Enjoy 10% off our participating nearby merchants*

Get your priority tickets here:
https://www.tigerbrokers.com.sg/marketing/wwtd2023

*T&Cs apply. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Recently, you may have heard some people boasting about their investment "success" by shorting the stock market. My advice is to take it with a pinch of salt.

2022 was an abnormal year when 57% of the days were negative. Just like those who made a fortune through Crypto and Tesla shares, if you don't know why you made money in the first place, the same strategy will make you lose all back and more.

Singapore property prices have gone up in the past 2 years, and so was the property tax. Most Singaporeans have to pay a higher property tax in 2023 and even more in 2024.

Just a gentle reminder that the property tax 2023 is due on Jan 31, don't forget to pay.

I have written a guide to help you understand more about Singapore property tax. Share it and comment if you find it useful.

https://www.sgmoneymatters.com/property-tax-singapore/

I have been going to this capitaland mall weekly even before Covid. The mall was always quiet and the few second floor was always vacant. Interestingly, at a time of people calling #recession, the mall found their new tenants. I feel that the economy is really NOT as bad as what people are talking about.

These three principles are useful guidance when evaluating yourself and setting new year resolutions.

1. Don’t be over-impressed by your past glories.
2. Don’t be scared by your future stories.
3. Be hopeful to get out of today’s miseries.

One of my favorite market indicators is to monitor Retail investors' money flow. Goldman Sachs research shows that retail investors are net sellers when the market goes down and they sold a lot last year.

Singapore property prices have gone up a lot in the past two years. Singapore Residential Property Price Index increased by 10.6% in 2021 and another 8.4% in 2022.

* What are the reasons for the rapid increase in property prices?
* Will this continue in 2023?
* Is property purchase a booster or sucker for your retirement?

In this article, I dive deeper into these topics. Comment below and let me know what you think.

https://www.sgmoneymatters.com/singapore-property-price-2023/

Gong Xi Fa Cai, not financial advice. 😅

Ahead of next week’s policy meeting, the derivative market has priced in a 0.5% rate hike in 2023. It means the market expects the Fed to hike the rate by 0.25% twice by the middle of the year, which will mark the end of this most aggressive rate hike cycle.

This will have significant implications for the financial market and you can already see the asset prices have already started resetting. Review your assumptions before making investment decisions in the next few months.

Latest 1 year T Bill cut off yield 3.87%

Today's inspiration: "Wealth is not about having a lot of money; it's about having a lot of options."

I think this is Singapore government's way of telling property buyers to set the right expectations this year...

Doesn't this sound like a "Mission Impossible" scene in real life?

https://fortune.com/2023/01/29/rio-tinto-apologizes-radioactive-capsule-lost-australia-highway-iron-ore-mining/

In the past decade long low interest rate environment, CPF has been faithfully paying high interest to support Singaporean's retirement. I think one should not expect CPF to pay a higher interest now, nor should they compare CPF interest rate with the banks who offer short term carrots. You can't have the cake and eat it all.

0.25% rate hike. No surprise. Market stable.

Morning Inspiration 😁

ECB is playing a catch up game.