In the Bible, Jesus Christ spoke about the parable of the house that is built on soft sands compared to the other that is built on a solid rock. Clearly we know which house will stand firm when the storms come.
For the past few years, the world has been sold on the idea that Central Banks need to keep pumping more monies into a moribund economy. The need to resuscitate our near still life global economy justified the sacrifice of the prudent savers, and the rewarding of the reckless through the prevalence of easy credit at abnormally low interest rates.
Many of us feel pressured. Our property values have risen significantly fueled by till recently cheap monies. But with inflated property values come with it rising rentals, translated into an increase in our cost of living.
How can we get a better return on our cash than the present mere pittance of less than 1% a year?
Banks and bankers till the early years of my career used to be highly regarded as trusted custodians.
Today, we have moved down to near the bottom of cellar in the ladder of respectability.
Yet today, post subprime, the "gangsters" or more correctly "banksters" are still holding on to their incorrigible ways, purveyors of products that will make the infamous "oil snake men" of old look angelic!
How many of you property owners have been enticed to take a loan against the enhanced value of your properties? Borrowing at cheap interest rates to invest in high return investment products.
There is no free lunch and higher returns entail higher risks. Are you taking on undue risks in trying to squeeze a significantly higher return in a very low return environment.?
Continue to squeeze blood out of stone and the consequences will be more than a few bristles.
"Leylong" days are nearing. If one continue to pursue wealth for the sake of even more, discontentment will lead to disconsolate souls.
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