I still remember a couple of years ago that I was having my usual breakfast with my colleagues from my 2nd previous company. Back then, we have been in the workforce for a couple of years and was in the early life stage cycle of collecting keys to our flats, renovation or getting married.

"Aiyah, confirm the interest rate will rise. Now interest rate is so low at 1+%. Sooner or later, it will revert to historical means"

As so it turns out, the interest rate did rise but only for a short while up to 2%+ before retreating back to the current levels, not anywhere near the 3% to 7% seen historically.

And as I mused in my previous post, I see it most ironic that folks who are prudent in their investments suffered the most as the interest rate has been really low resulting in savings account and bond yields being...