2023 is coming to an end. It has been a tumultuous year with two major conflicts, blowups in the China property market and crypto going all rollercoaster. Depending on your starting point, you could have made or lost a lot. That's just investing, it's just so tough. But at the same time, regular mom and pops are having the best year in a long while just by putting money in fixed deposits and T-bills. As of this writing, we can still get 3.8% return on the SGD!
Pls do not understand 3.8%. Over time, it will still return multiple folds. Based on the table below, very roughly speaking, 3.8% return will 3x in 30 years. This is how someone used CPF to save a million dollars and more. His name is Mr Loo Cheng Chuan and he started the 1M65 movement in Singapore.
Read his blog, this is wrong one bro :)
This post also serves to update the new format we hope to drive in 2024. As our team worked on the Substack platform over the past year, we found it to be more superior and both writer and reader friendlier. As such, we hope to prioritze substack while porting what we have written over here over time.
Our Substack platform is on:
As such, posts will first appear on Substack on every first and third Friday of the month (the team's target, but sometimes can be OTOT* also). We will periodically add bonus posts on other Fridays or if an event calls for it, a totally ad-hoc post to mark certain days of significance like today, it's Christmas!
*OTOT stands for Own Time Own Target. A terminology used in the Singapore Army during live firing at in shooting ranges. When all soldiers are in position to fire their weapons, the officer-in-charge will shout "own time own target, carry on" meaning soldiers can start to aim and fire at their targets at will. In daily life, the term has evolved to mean do whatever you want, whatever time you like and carry on with life, which is the intent and purpose used here ;)
Some of these posts on Substack are paid posts for those who are paid subscribers (USD5 per month) on Substack. Some posts will become public over time and hence shared here. The following shows the process:
- Substack paid posts and not unlockable -> only available for paid subscribers
- Substack paid posts and unlockable -> port over here over time, say 2-3 months
- Substack free posts -> port over sooner than the above
- Substack related materials like podcasts, notes etc -> port over on adhoc basis