I don’t know if we’re on the verge of recession. We can’t ever predict such things to happen. Just when the stock market is doing rather well this year (at time of writing, STI ETF time-weighted returns are at 8.32%!), I have also received a few pieces of bad news from a bunch of friends and colleagues.

If you’re in a similar industry with me, then you’ll know about the ongoing retrenchments around a few MNCs in Singapore. So far, I’ve personally known 3 friends who are affected by this this year, and they are only in their early 30s and 40s.

The idea of job security is very different from my father’s days. I don’t believe that job security exists today anymore. Anyone is replaceable in their company, much less a junior engineer like me. If you think that you are indispensable in any way, the value that you