Mr. H was in his fifties. He sold his house in Germany and migrated to Singapore under the investor scheme. He was given a 5 year residence, subject to renewal.
He bought a property and started a business. The business was not successful.
On expiry, the residency was not renewed. He had to leave Singapore.
He tried to sell his residential property, but the market is bad. He had to suffer a capital loss. He rented out the property and obtained a miserable return.
He invested in the Hyflux preference shares. He thought that it was safe, as it was approved for sale to retail investors and could be bought from the bank's ATM machine.
His investment in the preferential shares is almost gone.
He still holds some bonds from StarHub. He asked me if this bond is as risky as Hyflux. I told him that I would study the financials and give him my views.
Shhh, I did not tell him that I would consulting my crystal ball.
Mr. H is one of the foreigners who did not do well by migrating to Singapore. He would have been better off if he had migrated to some other country.
I like to share this sad story with my sinkie friends. We should not be xenophobia towards foreigners. Some of them also had a bad time.
I met Mr. H when he consulted me about the Hyflux preference shares. We became good friends.
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So Very Funny- Some time ago we met white foreigners in Malaysia. We encouraged them to visit Singapore. They not only pronounced that it was expensive but added that hands would be chopped if one is caught stealing. 😂
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on to purse-strings?
Do not treat humans as animals living in a gage 550 sq. ft. 2 bedrooms.
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If we vote for PAP, we are voting not for PMLee, but HSK. HSK may be the best amongst PAP, but 4G is nothing IMPRESSIVE. They wayang a lot due to the watchful eye of PMLee. After he Senior Minister, no watchful eye, all will anyhow. Things may not be good at the moment, but people feel the comfort that there is still a Lee.
ReplyDeleteHaving no Lee Kuan Yew is bad. He would stand up for us against foreign bullying especially Malaysia.
ReplyDeleteHaving no Lee will be even baderrer. We need more oppos to push the 4G. Period.