Dear Students of Batch 32, It's been a great honour and privilege to conduct a 5-Day Early Retirement Workshop for you. As I managed to complete successive instalments of this program, we found that the markets have been trending ever lower in 2023. Things have gotten so bad that the equity risk premium we tracked has exceeded 7%. The only time when the Singapore market was cheaper was at the bottom of the pandemic crash which created the most successful class I ever graduated. If you decide to be plucky and invest this upcoming week in our portfolio your dividend yield will exceed 7.4%, and while there are no guarantees that geopolitics can worsen your performance, there are two upcoming events that may bring your portfolio performance some upsides. The first is when the FOMC concludes in the middle of next week. If the Fed does not raise rates further, an investment into REITs should enjoy...