10 Feb '14, 8am

Let magic of compounding returns work #wealth #invest #save

This year, I started my round of lo hei - the Singaporean tradition of celebrating Chinese New Year by tossing yusheng, a dish made of raw fish and vegetables - with my former newspaper colleagues. As we ate, an observation made by my colleague Jonathan Kwok - not present at the lunch - flashed through my mind. He had noted that an earlier generation of staff at this newspaper lived in landed properties, while many in my generation could afford cars and private housing. But being 20 years my junior, he had to settle for much less. He was planning to settle down with his girlfriend but all they could afford was a Build-To-Order HDB four-room flat which cost them almost $500,000. They also had to make do with public transport. I glanced around my table and the accuracy of Jonathan's observation struck me. Mr Sia Cheong Yew, a 70-year-old retired Moneydesk editor, is indeed l...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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