In investing, you account size really matters - CW8888 When Warren Buffet decided to go into investing with partnership model; he already a millionaire! What can we learn from Buffet on investing?
Long answer: From Singstat, 1987 CPI is 58.69 while 2017 CPI is 99.5, giving an inflation CAGR of 1.72% per annum over 31 years. (Must be the cheap stuff from China & globalization)
2018 full CPI not known yet, but from the figures as of Oct 2018, so far is much lower than the average. CPI went from 99.5 to 99.9 ..... 0.4% increase.
$1.5M is in today dollar value
ReplyDeleteHi Temperament,
ReplyDeleteShort answer is $305,400/-
Long answer:
From Singstat, 1987 CPI is 58.69 while 2017 CPI is 99.5, giving an inflation CAGR of 1.72% per annum over 31 years. (Must be the cheap stuff from China & globalization)
2018 full CPI not known yet, but from the figures as of Oct 2018, so far is much lower than the average. CPI went from 99.5 to 99.9 ..... 0.4% increase.
S'pore CPI 1987-2017
Notice the steep rise from 2008-2013 ... people were not happy with govt then! :)
If you can super-impose the median wage increase onto the CPI graph, you can easily predict the incumbent's performance during elections Hohoho!