Warren Buffett famously said, "Only when the tide goes out do you discover who's been swimming naked."
That's true in volatile markets like those experienced in emerging markets this year in anticipation of a Fed rate hike.
In the world of small business, the value of successful peer role models and shared best practices can't be overstated: already facing challenging odds of success (about 50% of new companies fail in their first five years), the keys-to-success wisdom shared by a fellow entrepreneur can make the difference between your chances of failure or flourishing.
As the number of start-ups rises in Singapore, getting an insurance plan to protect against the loss of a key person -- the owner, main revenue generator, or chief product developer of the business -- has never been more important.
“Inflation is when you pay $15 for the $10 haircut you used to get for $5 when you had hair”
- Sam Ewing
Inflation in Singapore has seen rates of 4.8 – 5.2% consistently which has caused concern and unease amongst savers with funds held in a bank account earning 0.25% interest.
Singapore’s average wealth per adult is currently US$282,000 (5th in the world)
The number of High-Net-Worth (HNW) individuals rose 21.5% in 2012
HNW Individuals hold USD 857 billion in wealth
The number of HNW individuals in Singapore expected to rise 58% by 2017
HNW Individual wealth expected to surpass USD 1.38 trillion by 2017
Assets under management across Singapore hit a record high of USD 1.29 trillion
The degree of wealth shifting to Singapore is truly staggering so it is important to look at why wealthy individuals from across the globe are seeking to make Singapore their new home.
Offshore Portable Retirement Planning for Expats in Singapore
Recently, Singapore was ranked as the 5th most expensive city in the world to live and this will come as no surprise to anybody residing here.