When I was living in Singapore, life was stable.
It's hard to see the challenges of other countries.
Cos we are coddled in our ivory tower. Singapore is pretty cushy for most of us.
Ever wonder why HK-ers have dual passports?
Why many rich people have multiple bank accounts and properties overseas? AND a couple of citizenships?
Someone may have a lot of properties in SG, people may deem him wealthy.
But IF, there's any big issues with our border neighbours, he's going to have a hard time running with his wealth. Furthermore, if there's any big issue, then SGD is probably worth less as well.
Worth less, may not be worthless.
I suppose a lot of us aren't bothered by many things that happen in the world.
Not in our backyard right?
We live in sunny Singapore. Always stable and happy.
And yet, we are just barely 55 years young.
Folks who believe in long term passive investments, might buy S&P...