[sgbuffett]

Interesting topic. Lots of interesting datat compiled by the YouTuber.

Most interesting piece of study is how wealth is transfered from one generation to another. UBS found by the time rich families reach the 3rd Generation, 90% of families lose the wealth accumulated by the first generation that build the wealth. The grand son end up at same level as grandfather before he became wealthy. The Chinese  have a saying for this but researchers found it to be true studying many families.

[Blin]

mortgage house, use the money buy cheap stocks that used to be very expensive?.

[[[ForeverAlone]]]

Today I go Hong Leong, saw many elderly withdraw their interests , money
Of course there are some open account but i doubt. alot, most doing withdraw.

[Talent]

Today I go Hong Leong, saw many elderly withdraw their interests , money
Of course there are some open account but i doubt. alot, most doing withdraw.

why withdraw

[sgxin]

why withdraw

I guess those elderly should be under the CPF RSS scheme (b4 CPFLife was implemented).
For this group, it will be much better to transfer their maturing banks FDs into their CPF RA account to get the 4% interest.
The RA can be top up to around $210K+.

[debono]

I guess those elderly should be under the CPF RSS scheme (b4 CPFLife was implemented).
For this group, it will be much better to transfer their maturing banks FDs into their CPF RA account to get the 4% interest.
The RA can be top up to around $210K+.

That is a very high interest rate CPF is paying, at 4% no banks can beat this interest rate..

[cityhantam]

Already happening!

Assmerica has been sucking and robbing money from all over the world!

https://abcnews.go.com/International/wir...f-77997885
.

[cityhantam]

https://www.businesstimes.com.sg/compani...r-concerns

. 

[cityhantam]

https://www.straitstimes.com/asia/east-a...-sanctions
.

[Oyk]

Interesting topic. Lots of interesting datat compiled by the YouTuber.

Most interesting piece of study is how wealth is transfered from one generation to another. UBS found by the time rich families reach the 3rd Generation, 90% of families lose the wealth accumulated by the first generation that build the wealth. The grand son end up at same level as grandfather before he became wealthy. The Chinese  have a saying for this but researchers found it to be true studying many families.

Your laupeh ish in ICU and you are taking over his savings? 

[debono]

Interesting topic. Lots of interesting datat compiled by the YouTuber.

Most interesting piece of study is how wealth is transfered from one generation to another. UBS found by the time rich families reach the 3rd Generation, 90% of families lose the wealth accumulated by the first generation that build the wealth. The grand son end up at same level as grandfather before he became wealthy. The Chinese  have a saying for this but researchers found it to be true studying many families.

There is some truth in the Chinese saying......