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Some Personal Updates And My Investment Into The Bear Market- Adverse Impacts of Recession Heading Our Way?
By Investment Income for Life  •  June 15, 2022
Strange that while inflation this year is expected to be 5%, my boss only gave an increment of less than 1.5% to all staff despite making millions of profits in previous years. So this year is actually a net pay cut given the inflationary pressure on almost everything. For example, the price of food keep going up. My fishball noodle at food centre went up from S$3 to S$3.50 per bowl-my close friends told me S$3.50 is considered cheap these days and they are paying S$5.50 per bowl near their workplaces. The "Great Resignation" at my workplace has also begun with my company's Human Resource department unable to retain a single staff who have resigned and HR is unable to find replacement at the old salary rate. My old buddy from University sent me the link that reads "KPMG S'pore increases starting pay by up to 20%" and I was shell-shocked. N...
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By Investment Income for Life
I am an Accountant by training and is currently working in a global MNC in the Supply Chain industry. During my free time, I enjoy reading up on topics such as stock investing, insurance planning and property investment. Since 2012, I have started penning down my thoughts on certain financial matters while striving to achieve financial independence.
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