Late on this and no post last week because there’s been some changes on the household front. Keeping a kitten is no easy task but she’s been a gem so far.

Photo by Mikes Photos on Pexels.com

Wife in S’pore praises her husband for becoming a private hire driver because it is noble (Mothership.sg)

While the article may extol the virtues of a young person being a Grab driver, anyone thinking of going down the same path should note that for a relatively younger and better educated person, this would translate into higher costs in the long run as there is a lack of a career path in this industry as economist Walter Theseira pointed out.

Also, it’s better well-known that private-hire driver earnings have come down significantly from when these companies started entering the market. They enticed more people to become full-time drivers through higher incentives at the beginning.

Add to the fact that Grab is the new taxi, I’m pretty sure many more drivers will enter the fray in the coming years as the baby boomers officially retire from the workforce. In Singapore, we never really stop working.

They should come back and ask this same lady if she’s happy with her husband being a Grab driver when he’s 50. Having said that, if you have few prospects because of a lack of academic qualifications, this is not a bad path to take.

Interest Rate Chasing in Your Savings Account (A Wealth of Common Sense)

It’s strange to me to see how some people in Singapore get excited over a 0.25-0.5% difference in interest rates. I know of people who even have spreadsheets to compare which savings accounts give the best interest rates. In recent memory, the comparison is mostly between DBS’s Multiplier account and OCBC’s 360 account.

I’m at the other extreme because for the longest time, I had a lot of cash sitting in an account that paid a paltry interest below 1% and I know that was stupid of me.

But now that I’ve moved to the DBS Multiplier account, I’m not going to fret about whether the OCBC 360 account gives me a better deal. Even if it does, it won’t be by much.

The thing about those people that get excited over 25 to 50 basis points is that they usually also miss out on the 6-7% per year because they focus so much on only savings accounts.

Will Trend-Following Continue to Disappoint? (A Wealth of Common Sense)

If you’ve read the Meb Faber white paper, trend-following works by helping you avoid the large drawdowns that hit investors who are invested all the time.

The downside is the whipsaws you get from entering and exiting positions due to false signals and the utter frustration from this in a prolonged sideways market.