Catch me on this week's Money Mind !
Growing your tree of prosperity
by Christopher Ng Wai Chung
6M ago
  After touching down from Istanbul, I have been working with the Channel News Asia team on a dividends investing segment on Money Mind for the past week. The episode aired last night and will be shown twice daily until Tuesday. It is likely that in a few days, the episode will be posted to MeWatch. I've worked with mainstream media quite a few times, but this has been limited to newspaper articles and commentaries, so appearing on Money Mind is my first significant appearance on TV.  In the past, whenever the idea of living on dividends was to appear in mainstream media, a l ..read more
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Does nobody want to provide financial services to the mass market anymore?
Growing your tree of prosperity
by Christopher Ng Wai Chung
6M ago
Now that the furore has died down, I'm sharing some thoughts about today's sad state of the finance industry.  Here is a little background on where I stand: quite early in my ERM course, my students are often stuck with ILPs and endowments they bought some time ago and getting suboptimal returns from them. But I need the license to tell them what to do with these investments. My solution was introducing them to a salaried advisor from Money Owl, the only source of salaried advisors with the license to get them to drop the plans. Otherwise, my students are on their own and need to develo ..read more
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On Istanbul
Growing your tree of prosperity
by Christopher Ng Wai Chung
6M ago
  I touched down in Singapore yesterday morning and just recovered from jet lag. I enjoyed my trip immensely even though I faced some physical difficulties throughout my trip - I had a lingering cough from a flu bug two weeks ago. After I recovered, I overstrained my right kneecap and had difficulties climbing stairs. Nevertheless, we clocked over 10km of distance each day as Istanbul is excellent as a walking tour. I also had exotic food experiences like the kokorec I had above - some kind of kway chap kebab dish which probably will never find its way to Singapore. While I'm not a sea ..read more
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Next week : Istanbul
Growing your tree of prosperity
by Christopher Ng Wai Chung
7M ago
  After this round of training, I've decided to take a break and travel with some old friends to Turkiye. I will be flying off to Istanbul on Sunday morning. This is only the first trip in 2023. I will be heading to Osaka with my family in October.  Just a couple of points for the curious : The disparity between money changers and Revolut is enormous. I converted SGD 500 to 8500 Turkish Lira with a local money changer. When I used Revolut, I got 9843 for the same amount. I guess the trick is to minimise the amount of cash you must carry when travelling.  There's almost zero ..read more
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Letter to Batch 31 of the Early Retirement Masterclass
Growing your tree of prosperity
by Christopher Ng Wai Chung
7M ago
Dear Students of Batch 31, It's been a great honour and privilege to conduct a 5-Day Early Retirement Workshop for you. First, I would like to apologise to the class for the lack of energy for my delivery. Batch 31 concludes possibly one of the most challenging classes I ever taught. I started getting muscle aches and a sore throat from Day 1 of the class. I even visited the doctor that morning, but despite every medical precaution, my throat and cough kept progressively worsening. On the last day of training, I was literally on over ten kinds of drugs to mitigate my cold symptoms, my diabet ..read more
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Tan Kin Lian's results are consequential in this Presidential Elections
Growing your tree of prosperity
by Christopher Ng Wai Chung
7M ago
  I am confident that Tharman will win the elections on Friday.  Still, more importantly, Tan Kin Lian's results will be more consequential thanks to the attempts by significant opposition members to politicise this election. Even after TKL's dismal showing, I'm still receiving some reports that he will have diehard supporters because he sounds more like them than the other two candidates. If you had only been in the echo chamber of PMETs, TKL is expected to lose its deposit, but if you have been following global trends that led to Trump's election and Brexit, you should refrain ..read more
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Financial Lessons from Presidential Candidate Ng Kok Song
Growing your tree of prosperity
by Christopher Ng Wai Chung
7M ago
  My vote for this upcoming presidential election is obvious - I will vote for Tharman. It's essential to send out a message that in a multi-racial society, an ethnic Chinese citizen can vote for an Indian leader regardless of what the ruling party says about Singapore not being ready for a minority PM. I'm also a realist who believes that India's economy will be very dynamic compared to that of China, which has been mismanaged by an autocratic Communist Party, and having a symbol that is ethnically Indian is for the greater good of Singapore as we build further commercial inroads into ..read more
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Are Dividends the best form of Mental Wellness ?
Growing your tree of prosperity
by Christopher Ng Wai Chung
7M ago
Thanks to a face-to-face Dr Wealth event last Saturday, I've forgotten how much I enjoyed speaking to a big crowd. Talking to an audience gives me a "high", and sometimes I get "high" and disable my filters. So occasionally, I make utterances that might be highly controversial or offensive. For those utterances, I hope that history will never remember them, but sometimes my words resonate with the audience, and I get a spontaneous ovation.  One utterance that worked well with the crowd is that "Getting dividends is mental wellness." I had a crowd of Millenials, Gen X and Baby Boomers, s ..read more
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FIRE lifestyle with Baldur’s Gate 3
Growing your tree of prosperity
by Christopher Ng Wai Chung
8M ago
  My next course is still sometime away so I’ve been playing a lot of Baldur’s Gate 3 in the meantime and don’t have very much to share on this blog. It looks like I will be spending at least the next 100 hours or so to complete this game.  If any of your are wondering, I’ve paid for an early access of the game over two years ago but I did not play the game very seriously then because it was incomplete. When the game launched officially about a week ago, I was furiously getting rid of older games on my machine to make way for this monster of a game which takes up over 100GB of spa ..read more
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Some simpler personal finance moves for your consideration
Growing your tree of prosperity
by Christopher Ng Wai Chung
8M ago
I thought I should share with everyone what I've been up to recently when it comes to Personal Finance. I'm no expert in doing these moves and I welcome any reader to share tips and tricks to make the moves more optimal.  What triggered these moves is a conversation I had with my mum. Taking a page off Marie Kondo, I felt that there are very few objects left by my dad that had actual sentimental value and have enough financial value for me to keep for my children, as I have no use for these antiques, it would be much better if my mum liquidated them into cash for herself. Specifically ..read more
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