The fall out from unforeseen financial market crashes is real – even if it may not affect you personally.
I watched rich relatives mysteriously disappear from family gatherings while others downgraded from a 4 story Bungalow that made my legs ache climbing to a HDB flat that looked positively squalid in comparison.
I watched some arbitrage living expenses by spending half the year in Thailand/Malaysia/Vietnam. It all seems fun and games until you realise they do it because they can’t have the same standards of living in Singapore.
Few people – if any – try to understand and contain the risks to their investments in the stock market, and yet it is crucial that we maintain and search for a robust framework that can contain the risks to our invested monies.
We cannot afford to slack in this regard.
Eng Guan and Patrick are professionals whose job is
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