Market Review and Trends
Lessons from Singapore GE2020 for Investment
By Live Rich Life Free  •  July 12, 2020
The Singapore General Election is done and dusted. The PAP government returned to power with 83 of 93 seats and an overall vote of 61.24%, a drop of 8.7% from 69.9% in 2015. I just wanna share some takeaways and thoughts from observing the whole campaign and results.
  1. What goes up will come down Since the independence of Singapore in 1965, the PAP has held 100% of the Parliament seats until 1984, the first time it lost 2 out of 74 seats to opposition parties. Nevertheless, the PAP has held more than 90% of all the seats till the 21th century. This 2020 GE is the first time PAP has less than 90% of all the seats as it lost 10 seats to the WP.
Similar to the stock market, strong resistance will be experienced by the index and stock price at high levels. A retracement or correction to the next support...
Read the full article
By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance