mysecretinvestment11 June 2022 at 18:33:00 GMT+8
Nice one Spur!
"There is inflation in COEs, hawker centres and electricity bills
Deflation in stock markets
Confusion in investors"
What is a person to do?
Those who are working still can hope for salary adjustment but, but retirees?
Read? Inflation Rate At Kopitiam Is More Scary Than Headline Inflationary Rate
Hmm .. not all stalls at Kopitiam and Hawker centres raise their food price at the same inflation rate!
Uncle8888 as retiree with plenty spare time and on B.M.W monthly concessionary pass; he hunts around his area to check on food inflation rate and found out that inflation rate is not uniform across the board.
Mee siam : 1 bus stop West from his block and 7 mins walk from main street to less convenient? coffeshop. Price is $3.20 (Reduce inflation by $0.30)
Fish soup : 2 bus stops East from his block. Price is $5 (Reduce inflation by $1)
Posts
Hmm need to factor in $0.70 for each ($64 ÷ 30 ÷ 3 meals a day) LOL.
ReplyDeleteBut if within 3-4 bus-stops, can walk lah.
For old folks, biggest concern should be health care costs. Historically, medical costs outstrips general inflation, An operation 2 years ago cost close to $70,000, fortunately covered by insurance. But insurance premiums keeps going up in lockstep with age. In the last premium renewal, downgraded coverage from private hospitals to re-structured hospitals to save a few thousands $
ReplyDeleteYes, ICU costs a small fortune per day, not money making on the part of hospitals, but high costs to set up & maintain the medical facilities, resources to operate etc. My 90+ FIL was in ICU several times, latest was 3 years back, luckily heavily subsidized because of his Pioneer status. During the peak of COVID in 2020, Singapore government had been very kind to take on a number of foreign COVID patients in ICU without charging them.
ReplyDeleteWe have also signed on AMD. It is legally binding, can't be challenged in court unless there is evidence that the signed document is invalid for some reasons, e.g., the signatory lacked the mental capacity to act for himself at the time of signing of the document.
A small anecdote on the "letting go" of an apparently terminally ill person. My FIL was in that position 3 years back when my wife and I were overseas on holidays. My son & daughter in law called up to say the doctor in charge (a respiratory medicine doctor) advised to let my FIL go. Both my son & daughter in law are doctors and they suggested to take the advice. But my wife refused to "let go" so long as there was a glimmer of hope, however small. Miraculously, my FIL survived, he survived even after contracted COVID at 90+ last year! Times spent with loved ones are priceless, so should not let go easily
Yes, colon cancer was very cruel to the patient at its terminal stage. Years ago, an expatriate colleague of mine took his own life because the pain was too much to bear.
ReplyDelete