21-04-2013, 06:37 PM
Our xiaolee just cracked free smoke in beijing free pork rib soup in shanghai joke with Obama recently. And looking back at our elderly clearing plates cleaning public toilets for also almost foc. It is really disgrace.
(21-04-2013, 11:15 AM)Temperament Wrote: [ -> ]And may i add, i remember i read somewhere, many "ANG MOHS" from the first World countries are surprised to see all these Locals still goes around waiting on tables, washing toilets, digging into trash bin for soft-drink cans, etc..... .. Maybe they are even a little shocked why Singapore GOV. is so rich, comparable to 1st World countries, yet some of the Locals still live like in 3rd World countries.So the government implements the Tray Return at 9 Hawker Centre in order that ANG MOHS see less of this & are not shocked.
WHY???
(21-04-2013, 07:03 PM)FA+TA Wrote: [ -> ](21-04-2013, 11:15 AM)Temperament Wrote: [ -> ]And may i add, i remember i read somewhere, many "ANG MOHS" from the first World countries are surprised to see all these Locals still goes around waiting on tables, washing toilets, digging into trash bin for soft-drink cans, etc..... .. Maybe they are even a little shocked why Singapore GOV. is so rich, comparable to 1st World countries, yet some of the Locals still live like in 3rd World countries.So the government implements the Tray Return at 9 Hawker Centre in order that ANG MOHS see less of this & are not shocked.
WHY???
(21-04-2013, 07:46 PM)CityFarmer Wrote: [ -> ]In Singapore, if you are a destitute begging in the day and sleeping on the street in the night, you will be soon rounded up to stay in some home for the destitute, if you are a Singaporean. For foreigners, you will soon be in "jail" or deported. LKY have said there are no beggar-Singaporeans and homeless-Singaporeans. (Only have beggars and homeless staying in "special home". i think some are forced to against their wishes.)(21-04-2013, 07:03 PM)FA+TA Wrote: [ -> ](21-04-2013, 11:15 AM)Temperament Wrote: [ -> ]And may i add, i remember i read somewhere, many "ANG MOHS" from the first World countries are surprised to see all these Locals still goes around waiting on tables, washing toilets, digging into trash bin for soft-drink cans, etc..... .. Maybe they are even a little shocked why Singapore GOV. is so rich, comparable to 1st World countries, yet some of the Locals still live like in 3rd World countries.So the government implements the Tray Return at 9 Hawker Centre in order that ANG MOHS see less of this & are not shocked.
WHY???
Well, i was also "shocked" when i was approached by a beggar near petrol station, in a first world city, SF of USA during my 1st biz trip in the country
The same for homelessness in another first world city, Tokyo in Japan.
(21-04-2013, 08:26 PM)Contrarian Wrote: [ -> ]People are living longer.Yes Depression! i believe all of us can hardly escape depression in our life. All of us at least has some form of depression at least once in our life. i understand even the great Winston Churchill & Abraham Lincoln had suffered depression.
For the elderly, let them work half a day helps them pass time. The income will help them generate the economy.
But first, the elderly must keep healthy, exercise EVERYDAY.
My father was depressed because he did not want to meet people and he has no hobbies or passion to pursue.
Some "beggars" - they have 3 or 4 room flat where they stay themselves. May not be so poor. Just that they choose a different approach.
So there are genuine beggars and less genuine ones. My block has a cleaner > 75 years old. She is so happy everyday...
(28-04-2013, 11:15 PM)Dividend Warrior Wrote: [ -> ]I think at old age, people tend to take less risks....they prefer to preserve their capital instead of investing for income.
Maybe annuities is the way to go......
(29-04-2013, 08:27 AM)AlphaQuant Wrote: [ -> ](28-04-2013, 11:15 PM)Dividend Warrior Wrote: [ -> ]I think at old age, people tend to take less risks....they prefer to preserve their capital instead of investing for income.
Maybe annuities is the way to go......
the "100-rule" is a pretty good guide, imho.
in short, allocate your age's portion of your portfolio to fixed-income and the rest to riskier assets. i.e. a 70y.o should have 70% in "safe" assets.
(29-04-2013, 08:44 AM)Muck Wrote: [ -> ]I suppose you're talking about (near) risk-free debt instruments when you say "fixed income" assets cos there are many out there that are as risky (if not more) than equities. However, under this low interest rate environment, one is likely to make capital losses unless one holds the securities to maturity. And even then, current yields for AAA-type debt securities are dismally low. As has been said, the current environment "punishes" the savers and retirees.