You are comparing now to 2009? Now is like 1H2007. Economic downturn looms in the background but the actual impact have yet to be imported into SG.
Wait for the "2009" moment to come again. Property prices have not fallen but the rate of increase is slowing down. Look at the FSSTI, it went from almost 3,000 at end of 2010 and now is 1,600. If property prices fell in 2009, why won't it fall this time around? What's the difference? There are only 2 groups of people in this world: those with guts (inside) and those with guts (spilling out). Your advice below is of no help to anyone either. Quote:
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FTSE Straits Times Index (FSSTI:IND) Index Performance - Bloomberg |
Typo. 2,600 I meant.
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Hello
I'm 45 years old and have been working in the financial services industry for the past 20 years. Because I did not job hop, my salary growth is not that great. My package fluctuated according to the performance of the market. On average over the past 5 years, my total earnings was S$110k. I'm a good and valuable worker and survived many retrenchment exercises. Do you think I'm paid enough? Or should I just quit without a job and take a 6-month break from the workforce and resume looking for a higher paying job after that? Many people advised me against doing this given the economic climate. Any advice anyone? Thanks. Confused guy |
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I used to be a high flying investment banker. Many of my colleagues were jealous of my success. Due to internal politics, I lost my $350k a year job. Have been searching for similar position but to no avail. Perhaps due to my age? I'm 38 years old. Now I am offered only $130k a year job in a research capacity. It is becoming very stressful for me to lower my profile among my friends. Should I take this lower profile job or wait for another ibanking job to come along?
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For 200k a year, I think it's worth a try. Otherwise, settle for the lousy research job to ride things over. You got no savings? |
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Cousin: "What! You panicked after Lehman and sold your house for $1 million? It's worth $2.5 million now!" Aunt: "What a pity! You gave away $1.5 million to this guy? You're generous!" Wife: "He likes to play Santa Claus! If he does it one more time I'll file for divorce. I'm not joking OK!" Uncle: "Ok! Ok! Don't quarrel! Come have a piece of turkey so you wouldn't chicken out so easily!" |
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