For a single male, early 50s, net worth 1.5kk, excluding hdb, excluding cpf....
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What does it takes to live in/retire in Australia or NZ......
- Thread starter lifeafter41
- Start date
shit should be more than enough,i would have left singapore long ago once i reached 500k.
What you waiting for?
You already have what it takes. Welcome to NZ.
What about a pair of balls?
i still think the best is go there for holiday not to stay there permanently.
What's wrong with staying in NZ permanently and treating it as an extended holiday?
look at how NZD depreciate against SGD, you will know what i am talking about.
But you don't need to peg your assets to NZ dollars. You can choose any denomination you want.
If you believe the SGD will get stronger and stronger vs the NZD, then keep your assets in SGD and convert to NZD as and when necessary. The depreciating NZD then works in your favor not against it.
i am literally saying that NZ economy is in doldrums and they like Aussies are very dependent on your favourite country, China to progress. looks like there will be more crimes like mugging and break-ins in NZ.
All countries go through economic cycles and the one thing you can be almost certain of is that OZ and NZ will still be around in 50 year's time.
You cannot say the same of Singapore so for the sake of the future generations, it would be far better for Singaporeans to venture forth.
s'pore can survive cos' we are small, cos' we are small, we are of no threat or significance to bigger countries, and there is none or minimal impact on their economies. our central bank MAS can continue to strengthen currency and that is one trait of our survival skills. SGD strength is important for us cos' we are dependent more on import than export. and cos' we are small even if we raise our currency to the sky, few'd be bothered. no big brothers'd be overly concerned. foreign investors invest in s'pore even it's expensive cos' they know they can start offices with small scale here compared to their mega operations in china and back in their home countries. here with measly wages to sinkies and that's of little concern to their company's earnings, few workers can be engaged along with foreign labour, although higher exchange rate, in return they get quality candidates.
Singapore has no natural resources and is entirely dependent upon people to make things work.
Now that the PAP A team are all dead, chances of Singapore remaining prosperous are marginal at best. The deterioration is already blatantly obvious. Growth has been driven by importing people but the laws of physics make it obvious that there is only so much that can be packed into a small island. When the population stagnates, the economy will grind to a halt.
Once the bottom falls out, that's pretty much the end of the story.
You may have missed the most important factor, our neighbors. We can have the best infrastructure but if our neighbours are screwed i.e. Unstable with terrorists, no investor will come because security is no longer guaranteed. OZ has no neighbours. The greatest plus point.
what economy do we have in the first place? we are not manufacturing hub, we are relying on financial hub status to attract wealth from all over the world. tourist destination, we are far too small. our main concern is driving growth within our own internally. that's why you see food businesses thrive in s'pore. s'pore was the first to be out of recession during lehman's brothers cos' we are small and big brothers can afford the pittance to lift our economy. can you see the difference... if china sink, do you think america and europe can afford to lift them up, their economy of scale is far too big. as long as we strive to have a clean and stable gahment, we'd be alright. s'pore is really a insignificant dot on the world map.
Stay in sinkieland lanlan has to drink shit water aka newater.
Financial hubs can move anywhere. Singapore's current status is "flavor of the month".
ya...ask them to try shift their banks to KL.
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