Comments on: Singapore has the highest density of rich people

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By: Millionair Ministers and Civil Servants

Millionair Ministers and Civil Servants — Tue, 15 Sep 2009 07:18:26 +0000

The reason Singapore has the highest density of Rich is simple. The Ruling People Action Party Government pays themselves Millions. They pay all their Cronies Millions. Those former civil servants or PAP lackey who leaves the government are given cushy jobs in Singapore Government Linked Companies and also paid Millions.

So don’t be misled. It is simply self-serving, money-hungry technocrats helping themselves to the peoples money.

Singapore’s does not have many entrepreneur that create their own wealth (from nothing).

By: Aremonus

Aremonus — Tue, 23 Sep 2008 18:33:42 +0000

You don’t need to be there as long as you’ve got a good manager – you bring in the money, he or she will get 10% of the profit plus a steady salary, or something like that. Right, the manager is probably going to take more than the granted 10% only – but when he knows that you expect a certain amount of profit per year he’s not going to do such things in order to make you happy and keep his job^^
Stocks work the same – shareholders employ a directorate that is going to take care of the company – and that will be rewarded according to their success.

By: Hendrik

Hendrik — Tue, 23 Sep 2008 11:36:40 +0000

This is more difficult than it sounds. If I invest in a Chinese teahouse I should rather be physically present, but I’m still young. During the next years I will move a lot to different places and countries. Such kind of investment would be better when I’m older.

Stocks, on the opposite, work where ever I am. In China, in good old Europe or in the icy Antarctica.

By: Aremonus

Aremonus — Mon, 22 Sep 2008 14:14:25 +0000

Well, better don’t buy any shares if u don’t know what you do – stock markets are quite complicated and if u just invest planless, u won’t get more than the usual 5% in the average anyway (most people even lose).
But why not give a loan to some Chinese so that they can open their teahouse or bar or restaurant? You could get quite a performance and the risk is easy to be under controll as u get to know these people before giving them the money…
You might even open some urself and employ some managers!

By: Hendrik

Hendrik — Sun, 21 Sep 2008 10:23:40 +0000

A performance of 5% per year is easily possible without taking any risk at all. If You are adventurous You might even buy some shares and get something like 10% to 20% per year. That’s good and easy money (hopefully).

Looking forward to be a millionaire soon

By: Aremonus

Aremonus — Mon, 15 Sep 2008 05:06:29 +0000

Well, then just invest for about one third of your income – if you earn € 6000.- per month, invest € 2000.- every month. You should get a performance between 5% and 8% p.a., thus u’ll be a $-millionaire within 14 – 18 years^^

That’s the easiest way to become millionair – all others have got a higher risk to fail – and once again, ur Chinese language skill could be useful when investing…

By: Hendrik

Hendrik — Mon, 15 Sep 2008 04:02:24 +0000

Indeed, Switzerland is also a nice place. So is Chengdu. Yes, I do want become millionaire before I’m 40. So I still have some years to accomplish that

I will apply for the jobs I like and that fit my skillset. At the moment I’m quite happy that I know something about computers. I can see a good number of job offers for computer guys As I said, any place that fits me and has to offer something for me is welcome