Tuesday, February 7, 2017

WEALTH CREATION: I AM READY, ARE YOU?

Once in a while, we will read that some companies retrench their staff. For the retrenched staff, I feel for them and hope they will be able to get other jobs soon. Against the current macro climate, the government is encouraging all workers to broaden, deepen and diversify their skill sets. This is the right strategy as new industries will emerge and these necessitate new skills. The government has also launched the laudable SkillsFuture incentive to provide impetus to the national-wide upskilling movement.I think individuals may want to match their passions with the skills that they want to deepen their expertise in, e.g. cooking.
Retail investors may also want to hone their investing skills. As always, many have the ambition to create a passive income from investments enough to retire from the rat race. Given the current macro environment, I feel that many will see the need to learn some additional skills or passive incomes skills as not just a desire but as a necessity. So that if one’s boss gives one the dreaded letter, one can relax and tell the boss: “I am Ready”. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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