The headline in the money section of the Sunday Times was both attention-grabbing and surprising.
“One in two high-income earners in Singapore has money problems”, it claimed.
Wealth management firm St James’s Place polled close to 1,000 Singaporeans aged 25 to 54 who earned monthly incomes of between S$6,000 and S$20,000.
The shocking truth is that close to half of this batch of high-earners were worried about having sufficient savings.
Another startling fact is that their high salaries were insufficient to fund their (much higher) expenses, leading them to draw down on their savings just to foot the bills.
In a related article, the poll also revealed that those who earned boatloads of money simply left the cash idle in a bank account.
Perhaps their workload was so heavy that they have not had time to explore options for growing their wealth.
If there is one lesson we can learn from these two articles, it’s that it’s never too late to start investing.
The other lesson is a simple but powerful one — always spend less than you earn, otherwise, no matter how much you make, you’ll never have enough.
Here is a list of our top articles for the week.
1. Sembcorp Marine and Keppel Corp Explore a Potential Combination: Here’s What You Should Know
Two oil rig majors, Sembcorp Marine (SGX: S51) and Keppel Corporation Limited (SGX: BN4), just announced that they will explore a potential combination of their businesses. Here’s some aspects of the announcement that investors should know about.
2. Can REITs’ Share Prices Still Move Up?
Many popular REITs are seeing their share prices languishing this year. Is there still a good chance for their share prices to rise?
3. 4 Stocks I Will Still Buy During a Bull Run
Despite the strong bull run this year, here are four stocks that I will still consider buying.
4. These 3 Stocks Are Hitting a 52-Week High: Should They Be on Your Watchlist?
These three stocks are hitting a year-high. Does this fact make them suitable investment candidates?
5. Better Buy: CapitaLand Versus Frasers Property Limited
We compare two property giants to assess which makes a better investment proposition.
6. Here’s Why Etsy, a Fast-Growing e-commerce Company, Should Be in Your Stock Watchlist
We take a deep dive into Etsy (NASDAQ: ETSY) to determine why it should be added to your stock watchlist.
7. Here’s Why These 4 Cash-Rich US Companies Are Well-Positioned for the Future
Being flush with cash is an important trait to help a company steer through a downturn. These four companies have this attribute and more.
8. If You Had Invested S$10,000 in This Stock Three Years Ago, Here’s How Much You’ll End Up With
It’s always an interesting exercise to look back on how much we could have made had we invested in and held on to stock over several years.
9. ComfortDelGro Reinvents Itself: Here’s What Investors Should Know
We take a closer look at ComfortDelGro Corporation Limited’s (SGX: C52) efforts to reinvent itself to adapt to the changes brought about by the pandemic.
10. 3 Reasons VICOM Limited Could be the Perfect Retirement Stock
If you’re looking for a promising stock to include in your retirement portfolio, VICOM Limited (SGX: WJP) may just be the right candidate.
11. 3 Signs Your Stocks May Be in Danger
Here are three red flags that should alert you to potential bad news for your stocks.
12. 3 Steps to Start Investing as a Newly-Wed Couple
Congratulations if you’ve just tied the knot. Here are three steps you can take as a couple to kick-start your investment journey.
SPECIAL FREE REPORT! 10 Growth Stocks To Supercharge Your Portfolio! We cover 3 unstoppable growth trends and the 10 stocks that will ride them in 2021 and beyond! CLICK HERE to download for FREE now!
Don’t forget to follow us on Facebook and Telegram for some of our latest free content!
Please refer to the individual articles for stock ownership disclosures.
