Hey Tigers!Welcome to this week's Thursday Special! Today's topic is the most dramatic thing you've ever encountered while investing.I'm sure everyone had tons of experience with investing before we met. Let's share some of the most XXX investments in your life.For example, the most horrible investment might be: I tried to sell a stock and clicked buy, or I mistyped the amount and got a number over or under.The most regrettable investment might be: If I had invested the full amount, I could have retired by now.The luckiest investment might be the one where I made a large amount of money without any sound judgment, relying on the luck of the investment proceeds.And what follows from this investment？Share your most dramatic thing&nb
Beware of second-order impact In Budget 2023, the Singapore government has noble intentions to fight inflation. However, the Budget measures could drive up inflation instead of bring it down. This is due to the second-order impact from measures such as cash handouts and higher taxes. Here are my insights: Inflation Drivers Demand-pull inflation Wage-push inflation Higher HDB Grant Higher property taxes Higher tobacco tax Disinflation Driver Boosting innovation and productivity Inflation Drivers Demand-pull inflation Singapore's 2023 Budget plans to give up to S$9.6 billion in handouts. Total cash distributed to eligible residents would be up to S$1,300 in 2023. In total, S$600 worth of CDC vouchers will be granted to Singapore households in 2023 and 2024. This