Sep 16, 2024

I heard in the news this week that there are reports of Qoo10 and its logistics subsidiary Qxpress being under police investigation in Singapore due to complaints from vendors about delayed payments and disruptions to their businesses. This has raised concerns about the impact on the e-commerce industry in Singapore. Additionally, there has been a discussion about the rising cost of living in Singapore, particularly in terms of housing expenses. While the cost of living is increasing, Singapore also has an effective public healthcare system and good public schools.

On the investment front, there has been a question about how to achieve 10%+ returns on US stocks while limiting losses, specifically for Singapore investors. This has sparked a discussion about passive investing in the US S&P; as a core strategy. Furthermore, there has been a conversation about the minimum amount of income needed to survive in Singapore, with the question of whether it is possible to live on $2k a month or if $8k a month is necessary.

Overall, there are ongoing discussions about the financial landscape in Singapore, with a focus on investment strategies, cost of living, and the challenges faced by e-commerce platforms. These developments are important to consider for anyone interested in financial matters in Singapore.

Stay Well!