Cashwise richer... Net value a

2023-12-18

Cashwise richer... Net value and quality of life? Poorer...
Started putting aside a bit more cash a month than I used to before covid, so in terms of liquid cash, richer
In terms of net value and quality of life, definitely poorer.
All my investments can't go back to where they were before covid with huge paper losses.
Salary stayed same, lucky enough to keep my job, no year end bonuses but yet have to put up with rising costs of practically everything. From food, to transport, to utilities, even all the way to GST going up twice in a row from 7% to 9% soon. GST increases by 2% in such a short time, but I don't even see a 0.000001% increase in my salary. It feels exactly like getting a pay cut right after another pay cut. From going karaoke to drinking with friends, high tea followed by buffet lunch before covid.
To totally no more entertainment, white bread (not wholemeal) for breakfast and economic rice for lunch.
Quality of life ain't any better too.

Are you poorer or richer than before COVID?

JPMorgan Chase predicts that by June 2024, except for the top 1%, the liquid assets of every income group will be below the levels of pre-pandemic. Have you become poorer or richer than before COVID? Have you accumulated wealth during bull market in 2021?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Net value and quality of life? Poorer... \nStarted putting aside a bit more cash a month than I used to before covid, so in terms of liquid cash, richer \nIn terms of net value and quality of life, definitely poorer. \nAll my investments can't go back to where they were before covid with huge paper losses. \nSalary stayed same, lucky enough to keep my job, no year end bonuses but yet have to put up with rising costs of practically everything. From food, to transport, to utilities, even all the way to GST going up twice in a row from 7% to 9% soon. GST increases by 2% in such a short time, but I don't even see a 0.000001% increase in my salary. It feels exactly like getting a pay cut right after another pay cut. From going karaoke to drinking with friends, high tea followed by buffet lunch before covid. \nTo totally no more entertainment, white bread (not wholemeal) for breakfast and economic rice for lunch. \nQuality of life ain't any better too.</body></html>","htmlText":"<html><head></head><body>Cashwise richer... Net value and quality of life? Poorer... \nStarted putting aside a bit more cash a month than I used to before covid, so in terms of liquid cash, richer \nIn terms of net value and quality of life, definitely poorer. \nAll my investments can't go back to where they were before covid with huge paper losses. \nSalary stayed same, lucky enough to keep my job, no year end bonuses but yet have to put up with rising costs of practically everything. From food, to transport, to utilities, even all the way to GST going up twice in a row from 7% to 9% soon. GST increases by 2% in such a short time, but I don't even see a 0.000001% increase in my salary. It feels exactly like getting a pay cut right after another pay cut. From going karaoke to drinking with friends, high tea followed by buffet lunch before covid. \nTo totally no more entertainment, white bread (not wholemeal) for breakfast and economic rice for lunch. \nQuality of life ain't any better too.</body></html>","text":"Cashwise richer... Net value and quality of life? Poorer... Started putting aside a bit more cash a month than I used to before covid, so in terms of liquid cash, richer In terms of net value and quality of life, definitely poorer. All my investments can't go back to where they were before covid with huge paper losses. Salary stayed same, lucky enough to keep my job, no year end bonuses but yet have to put up with rising costs of practically everything. From food, to transport, to utilities, even all the way to GST going up twice in a row from 7% to 9% soon. GST increases by 2% in such a short time, but I don't even see a 0.000001% increase in my salary. 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