I have three things to say.
Since I am lazy, might as well put them all in one blog post.
1. Two thirds of Singaporean consumers expect an economic downturn.
There is plenty that is not well in the world and this is probably not unexpected.
However, if we end up just feeling worried about how life could get tougher, then, that is a waste of energy.
I would shore up my cash position even more aggressively.
Make sure I have an adequate emergency fund.
Fill up my war chest and be prepared to buy from Mr. Market when he feels depressed.
I have blogged about such topics many times before and many blog posts are consolidated in this one blog post:
2. Fake news on CPF!
A Tik Toker has been spreading fake news about the Singapore election system and the CPF system.
POFMA has been served to him twice.
Yet, he is stubbornly sticking to his views.
If he is looking for fame, this isn’t the way not only because he harms himself and possibly his family.
He is also harming ignorant Singaporeans who watch his clips and believe what he says.
I like to help people but some people are beyond help.
Like what I said before in this blog post:
3. I made a lot of money buying distressed REITs before.
I recently published a new video on how Manulife US REIT could possibly be an opportunity to make a lot of money.
It reminds me of the time when I bought Saizen REIT and AIMS APAC REIT when they were in distress donkey years ago.
If you are not subscribed to my YouTube channel, here is the link to the video.
Be prudent, patient and pragmatic!
If AK can do it, so can you!