Anyone jobless for a long time before?

Originally Posted by Unregistered

Having cash as an asset is not a problem. However, having too much cash as an asset potentially is.

Currently, given the high interest rate environment, there are a lot more safe assets that a person can invest in.

Cash is good if you are putting in certain bank accounts like UOB ONE or OCBC 360 which offer relatively high interest provided you meet their criteria. However, there are also higher yielding instruments like T-Bills and money market funds/short-term bonds (even those short-term insurance products) which may give a higher return.

There are also equities, REITs, and other riskier assets which may perform better once the interest rate environment normalises which is just a matter of time.

So, if in current environment, one is putting most of his/her assets in cash (especially if it is all in one bank which SDIC only covers up to 75k per bank), then he/she may not be particularly interested in his/her own personal finance which makes it even harder to be interested in others' financial situation.

I thought the bigger issue is why only $170k cash?

I am looking for constructive advices. Appreciate a million. Below are my details:

Academic: Local Uni Engineering Grad + Local Uni Masters (one of the top 3 uni)
Job history:
In sales line for ~10years till 2020
2020-2023 - took a full-time masters that lasted 2.5 years
2022-Sep 2023 held a market research job for 1 year
Age: late 30s
Industry sector: non-IT/non-Finance

I did apply actively and even applied outside of my industry but to no avail.

Originally Posted by Unregistered

I am looking for constructive advices. Appreciate a million. Below are my details:

Academic: Local Uni Engineering Grad + Local Uni Masters (one of the top 3 uni)
Job history:
In sales line for ~10years till 2020
2020-2023 - took a full-time masters that lasted 2.5 years
2022-Sep 2023 held a market research job for 1 year
Age: late 30s
Industry sector: non-IT/non-Finance

I did apply actively and even applied outside of my industry but to no avail.

Hmm before you took the master did you consider what u had wanted to do after u graduate and how ur masters would help in that? 2.5yrs full time is of very high opportunity cost and the master may or may not do any benefit to your career prospect as it's very much dependent on things like what had ur experience been, whether ur master built on top of that, and whether what u r looking for now is looking for that.

Originally Posted by Unregistered

Hmm before you took the master did you consider what u had wanted to do after u graduate and how ur masters would help in that? 2.5yrs full time is of very high opportunity cost and the master may or may not do any benefit to your career prospect as it's very much dependent on things like what had ur experience been, whether ur master built on top of that, and whether what u r looking for now is looking for that.

Happy holiday to you.

Prior to masters, I want the masters to advance my pre-masters career. I think most sales role in my prior industry doesn't require the masters although it is good-to-have. I am not getting the few good-paying roles that has such requirement.