Once in a while, we will read that some companies retrench their staff. For the retrenched staff, I feel for them and hope they will be able to get other jobs soon. Against the current macro climate, the government is encouraging all workers to broaden, deepen and diversify their skill sets. This is the right strategy as new industries will emerge and these necessitate new skills. The government has also launched the laudable SkillsFuture incentive to provide impetus to the national-wide upskilling movement.I think individuals may want to match their passions with the skills that they want to deepen their expertise in, e.g. cooking.
Retail investors may also want to hone their investing skills. As always, many have the ambition to create a passive income from investments enough to retire from the rat race. Given the current macro environment, I feel that many will see the need to ......