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Reasons Singapore Stock Market is becoming ‘zombie’?

Date: 23 October 2021

This article https://www.scmp.com/comment/opinion/asia/article/3152898/how-singapores-zombie-stock-exchange-undermining-its-financial serves an important lessons we can learn.

Globalization and the widespread use of the digitalization means there is no difference to trade outside of the country of residence. In the past, people trade local stocks due to familiarity. However, these days, people have become less familiar with local stocks especially those in the sunset industries.

Generally Singaporean grew up in the strawberry generation which prefer the comfort zone instead of venturing into entrepreneurship. Our local companies have also become strawberry and fell into complacency. It’s no surprise our Singapore stock exchange has become zombie – a reflection of the local entrepreneurship situation.

The strawberry ? generation I’m referring are now in their 50s. I’ve seen many people in their 50s who lost their jobs. What was surprising to me is that they knew their experience and know-how were getting obsolete many years earlier. Yet they didn’t do anything to upgrade themselves to prepare to change to another industry.

While I can do investment planning and grow wealth, there is nothing I can do if my clients are complacent in their job because wealth accumulation purely relies on having an active income.

I personally spent at least $10,000 ?a year in upgrading. Although I’m in the finance industry for 15 years, the things I did 15 years ago were totally not the same today partly because of the industry changes and partly because I learn better ways of doing things that benefits my clients.

The only constant is change.

How much are you investing in yourself in self improvement?

The preference to stay within your comfort zone is a mental illness. It can become a zombie just like SGX.

Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

Published By:

Wilfred Ling

I help people retire 10 years earlier than their current plan through massive wealth creation using carefully and systematic stocks selection using the 3-step process. And yes, I charge professional fees for doing that!

Hi, I am Wilfred Ling and I have been a professional financial practitioner for 18 years.

I am a CFA charterholder and many of my clients say that I am expert in investments and provide the assurances of reaching their financial goals.

My clients tend to be those who:

  • Are successful professionals because they are appreciative of the work of other professionals. That is why they are successful.
  • They either do not have time to manage their investments or prefer to focus on what they are good at.
  • Considers the Return On Investment (ROI) as the highest priority when engaging an investment adviser.

 

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  • Financial Alliance Pte Ltd ( “FAPL”) is licensed by the Monetary Authority of Singapore (“MAS”) and allowed to conduct financial advisory activities in accordance with the Financial Advisers Act (Cap. 110) (“FAA”) and the Securities & Futures Act (Cap. 289) (“SFA”) within the jurisdiction of the Republic of Singapore and in accordance with the licenses granted by MAS
  • 鑫盟理财私人有限公司( “鑫盟理财”)持有由新加坡金融管理局(“MAS”)所颁发的牌照，并许可在新加坡共和国境内依据财务顾问法（第110章）和证券与期货交易法（第289章）进行财务咨询等相关业务
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In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.

根据《个人数据保护法》，鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料（例如姓名，证件号码，联系电话，邮寄地址，电邮地址和照片）。 该政策可在本公司网站上查寻，网址为 https://fa.com.sg/data-protection-policy/.

By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.

提交此表格，即表示您已阅读并理解鑫盟理财私人有限公司的个人数据政策