Our Goal is to help 1 million people reach S$1 million

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Dennis Ng
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Post by Dennis Ng »

KIASU wrote:Hi Dennis,

Managed to convince one of my friend and even arrange for the booking for your workshop yesterday. He mention that his wife want to attend too, so I give my seat so that both of them can attend together .
Unfortunately, he told me that he didn't sign out for your seminar because the content is quite similar to others seminar when I sms him this morning.
Guess , I can only try my best to persuade them but ultimately they need to take the action.
Anyway, it is a good start for me because finally managed to convinced someone to attend the workshop.

Regards,
KS.
Hi KS,
thanks. You have done your part.

I firmly believe it is only their loss if they do NOT attend my seminar. And of course, seminar graduates who attended other seminars would NOT agree that my seminar are similar to other seminars.

I have feedback from seminar graduates that my 1 day Property Seminar is BETTER than 3 day Property Seminar out there. :lol:
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

28 Jul 2011

People who are financially smart and financially educated typically do NOT gamble. This is why we need to help spread Financial Education, as we can prevent people getting into debt becos of gambling.

You have NOT joined a Seminar, you have joined a Movement, a Revolution of Wealth.

Jul 27, 2011
Help I'm in debt
SOS report shows surge in helpline calls over gambling and loan-shark woes; casinos cited as factor
By Elizabeth Soh

A RISING number of people are calling the Samaritans in desperation over gambling debts or harassment by loan sharks.

Experts put the increase down to the fact that there are now more opportunities to gamble after the opening of the two integrated resorts.

Sixty per cent more callers reached out for help between April last year and March this year as they were being plagued by illegal moneylenders, according to the annual report by the Samaritans of Singapore (SOS). And the number driven to call over gambling debts rose by half compared with the figure in the same period a year ago.

'There are sadly more cases where gamblers in debt feel that the outlook is bleak,' said Mr Dick Lum, executive director of The Hiding Place halfway house, which helps compulsive gamblers. 'The increase can be attributed to a few factors - but mainly the accessibility to gambling after the casinos arrived on our shores.'

The SOS report showed 352 people called in with loan-shark problems between April last year and March this year, up from 218 cases in the same period a year ago, and 196 called in with gambling debt issues, up from 132.

A spokesman said these callers are usually in a state of anxiety and face tremendous pressure at home and at work as they struggle to deal with their debts.

'Often, the stress they are experiencing causes them to think about ending their lives as a way of ending the stress and the pain they feel,' she said.

The report said the increase is particularly worrying as the callers are deemed to be of 'medium to high suicide risk'.

It is hard for counsellors to engage them as their focus is on paying off their loans, rather than emotional or relationship problems.

Former gambler Raymond Teo, 58, called the SOS last November after his wife left him, and he was unable to stand the humiliation of loan sharks splashing paint and faeces on his flat.

'I felt like I had lost everybody important to me, and so useless because there was no way out of my problems,' said Mr Teo, who was referred to SOS after he talked to friends about killing himself.

However, there are other counsellors and suicide experts who feel that while the gamblers may sound desperate, they actually pose a low suicide risk and are more impulsive than anything else.

'There has definitely been an increase in the number of gambling addicts since the casinos came, but those in debt are seldom desperate enough to commit suicide,' said a spokesman for Christian Care Services, which provides counselling for those with gambling problems.

Dr Chia Boon Hock, a psychiatrist who has been studying suicide trends here for more than 40 years, said such callers are distressed but not suicidal.

'People really determined to die are usually those who are experiencing mental or physical suffering,' he said.

This raises the issue of whether suicidal callers are being denied help as volunteers attend to non-emergency calls.

In a Straits Times article this month, the SOS acknowledged that a volunteer shortage had left some callers unable to get through, and appealed for more volunteers.

Those facing loan-shark or gambling problems have several avenues to turn to.

The National Council on Problem Gambling has a hotline for problem gamblers on 1800-6668-668. The Tanjong Pagar Family Service Centre also provides face-to-face counselling for people with gambling problems and their loved ones.

esoh@sph.com.sg
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

28 Jul 2011

Someone asked me what is my goal?

I shared that my goal is to set up S$100 million Charitable Foundation in 100 countries, and this foundation is set up with the Aim to help to Elevate the Poor from Poverty.

My original goal is to set up One S$100 million Charitable Foundation in Singapore in 5 years, but I now change to 100 countries (in 10 years, the first one in Singapore in 5 years) becos Buckminster Fuller said that we must work for ALL of Humanity, and NOT just our country.

The best way we can pay tribute to Buckminster Fuller is to live his principles. This is what I hope/aim to do.

http://en.wikipedia.org/wiki/Buckminster_Fuller

I'm now reading Critical Path, a book written by Buckminster Fuller and he is certainly someone who has made a huge influence on my life, other than Andrew Carnegie, Napoleon Hill, Philip Fisher, Warren Buffett and Benjamin Graham.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

28 Jul 2011

How did Peter Lim become a Billionaire? Through investing, NOT trading.

This is what he said about Trading: It's very difficult to make money from trading. Most of the traders, they come, they make money, because they have this gambling instinct. They take the money and spend it. The minute they lose money, they got no money to pay up.

Someone asked me opinion on attending an Option Trading course.

I replied:"I have over 3,000 clients who own properties, some are multi-multi Millionaires. So far, NONE of my clients become Rich through Trading, be it Option Trading, Stock Trading or Forex Trading.

But I have read news that people lost millions through Forex Trading.

Couple lost S$9 million in Forex Trading: http://www.straitstimes.com/BreakingNew ... 05147.html

I observed and discovered that some of my clients made their millions from investing into Stocks and Properties. Even I myself reach Millionaire status through Investing into Stocks and Property, NOT Trading.

Statistics do NOT lie. But advertisements can.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
yhendra
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Post by yhendra »

Dennis Ng wrote:28 Jul 2011

Someone asked me what is my goal?

I shared that my goal is to set up S$100 million Charitable Foundation in 100 countries, and this foundation is set up with the Aim to help to Elevate the Poor from Poverty.

My original goal is to set up One S$100 million Charitable Foundation in Singapore in 5 years, but I now change to 100 countries (in 10 years, the first one in Singapore in 5 years) becos Buckminster Fuller said that we must work for ALL of Humanity, and NOT just our country.

The best way we can pay tribute to Buckminster Fuller is to live his principles. This is what I hope/aim to do.

http://en.wikipedia.org/wiki/Buckminster_Fuller

I'm now reading Critical Path, a book written by Buckminster Fuller and he is certainly someone who has made a huge influence on my life, other than Andrew Carnegie, Napoleon Hill, Philip Fisher, Warren Buffett and Benjamin Graham.
Dennis,

You have raised the bar in a such short period of time, in just one year!
People will ask: Can it be done? Are you out of your mind setting such unbelievable goal?

I would, however, ask: Why NOT?
Cheers!
Hendra
Like to share and give opinions.
However, please do your own homework!
You have been given the tools and the knowledge, try to fish yourself, so you will never be hungry again....
---
RTW (Ride The Wave) http://www.facebook.com/RTWLearningLab
Dennis Ng
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Post by Dennis Ng »

yhendra wrote:
Dennis Ng wrote:28 Jul 2011

Someone asked me what is my goal?

I shared that my goal is to set up S$100 million Charitable Foundation in 100 countries, and this foundation is set up with the Aim to help to Elevate the Poor from Poverty.

My original goal is to set up One S$100 million Charitable Foundation in Singapore in 5 years, but I now change to 100 countries (in 10 years, the first one in Singapore in 5 years) becos Buckminster Fuller said that we must work for ALL of Humanity, and NOT just our country.

The best way we can pay tribute to Buckminster Fuller is to live his principles. This is what I hope/aim to do.

http://en.wikipedia.org/wiki/Buckminster_Fuller

I'm now reading Critical Path, a book written by Buckminster Fuller and he is certainly someone who has made a huge influence on my life, other than Andrew Carnegie, Napoleon Hill, Philip Fisher, Warren Buffett and Benjamin Graham.
Dennis,

You have raised the bar in a such short period of time, in just one year!
People will ask: Can it be done? Are you out of your mind setting such unbelievable goal?

I would, however, ask: Why NOT?
Hi Hendra, you probably know that it can be done and will be done. Becos it is just a matter of CBA.

In 5 years, we set up foundation in Singapore (No change in goal). In 10 years, set up 100 foundations in 100 countries, can be done too, just to set up foundation in 5 years, but in 100 different countries ONLY.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

30 Jul 2011

I want to initiate to set up a S$100 million Charitable Foundation in Singapore in 5 years' time and set up S$100 million Charitable Foundation in 100 countries in 10 years' time.

This is not my Charitable Foundation, but each foundation is set up by 10,000 founding members.

The Charitable Foundation is aimed to elevate the Poor from Poverty. Poverty is a problem that even governments throughout the world cannot solve. We will elevate the Poor by empowering them with knowledge, how to plan and manage their finances, and to start small business eg. selling things on internet, or become self-employed. Then lend them S$5,000 to S$10,000 (micro-financing) to help them get started...the foundation is supported by 10,000 founding members as volunteers.

I believe it can be done, in 5 years, 10,000 of us each donate S$10,000 to set up the S$100 million Charitable Foundation. We will fine tune the system, then we will send 100 of our founding members to 100 countries to help these countries start a similar foundation in their own country.

Steps to Success is as simple as Conceive, Believe, Achieve...

I firmly believe that this Goal can be achieved if I gather enough people to work towards this goal. And I have counted you as one of the 10,000 Founding Members of this Charitable Foundation. Do you want to be one of the 10,000 people who Make a Difference to Singapore and the World?

I believe that we can do something we Enjoy, Make Money and Make a Difference, ALL at the same time. We can have it all, we can really have it all. What a feeling, what a feeling!

http://www.youtube.com/watch?v=ItPbGvPKHFI
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

And this song "What a Feeling" and the movie "Flash Dance" is motivating becos it inspire and encourage people to pursue their Passion regardless of their current standing or status in society.

When I resigned from the bank 11 years ago in year 2000, I gave up on the 7 years I had in banking and really started with NOTHING, just a slow glowing dream..."to learn how to plan and manage my own finances so that I can achieve Financial Freedom and when I've achieved Financial Freedom, I will teach others how to reach their Financial Freedom..."

Over the years, I realised my greatest Wish is not just to help 1 million people achieve one million dollars...but really to:

1. inspire and encourage more people to find your Mission and Passion in life and to Pursue Your Passion.

2. Be the best you can be in your area of Chosen Field, so that you can Contribute the most to Society

3. Wealth and Riches and Financial Freedom will definitely come if you are really good at what you do and if you learn how to Grow your Money (savings).

4. When you become Wealthy, then it is time for you to think about what you can do for the less fortunate and the poorest in the Society...I believe the best thing we can do for them is giving time and money and also to Inspire them, Empower them, so that they can lift themselves out of Poverty, with our guidance.

5. If in 5 years, 10,000 of us (seminar graduates) can reach out to help/inspire/encourage 100 people each, then together, we can help 1 million people.

Can you see this?
Do you believe this can happen?
Do you want to help to make this happen?
It just take 10,000 of us to do this, starting with the current 1,700 semnar graduates, and that includes you.

http://www.youtube.com/watch?v=ItPbGvPKHFI

First, when there's nothing but a slow glowing dream
That your fear seems to hide deep inside your mind
All alone I have cried silent tears full of pride
In a world made of steel, made of stone


Well I hear the music, close my eyes, feel the rhythm
Wrap around, take a hold of my heart

[Chorus:]
What a feeling, bein's believin'
I can't have it all, now I'm dancin' for my life
Take your passion, and make it happen
Pictures come alive, you can dance right through your life

[Solo]

Now I hear the music, close my eyes, I am rhythm
In a flash it takes hold of my heart

[chorus (with ... "now I'm dancing through my life")]

What a feeling

What a feeling (I am music now), bein's believin' (I am rhythm now)
Pictures come alive, you can dance right through your life

What a feeling (I can really have it all)
What a feeling (Pictures come alive when I call)
I can have it all (I can really have it all)
Have it all (Pictures come alive when I call)
(call, call, call, call, what a feeling) I can have it all
(Bein's believin') bein's believin'

(Take your passion, make it happen) make it happen

(What a feeling) what a feeling...
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

30 Jul 2011

The Rich Get Richer, while the Poor Get Poorer. Why?

One main reason is the Rich know how to invest and grow their money.
Look at Singapore's 40 Richest people and you will realise that most of their wealth is due to astute investments.

Billionaire Peter Lim did NOT even start a business, most of his billion dollar wealth comes from his investment into Wilmar. The bulk of the wealth of the late Khoo Teck Puat comes from his 10% stake in Standard Chartered Bank, a business he didn't start nor manage. It is simply just buying 1 stock, that's all.

Peter Lim was known as the Remiser King. If even the Remiser King said he didn't make his wealth from Trading. Guess you should know by NOW that all these seminars out there that teach TRADING, be it Option Trading, Stock Trading, Forex Trading is NOT exactly the RIGHT Path to Financial Freedom.

Most of the Rich made their money from investing into stocks and property. The Singapore's Richest 40 list shows this FACT too.

How did Peter Lim become a Billionaire? Through investing, NOT trading. This is what he said about Trading: It's very difficult to make money from trading. Most of the traders, they come, they make money, because they have this gambling instinct. They take the money and spend it. The minute they lose money, they got no money to pay up.

Cheers!

Dennis Ng

S'pore's 40 richest worth US$54.4 billion


SINGAPORE: Singapore's 40 richest are now collectively worth US$54.4 billion, up 19 per cent compared with last year, according to the latest rich list published by Forbes Asia.

The better numbers achieved by the country's wealthiest come despite a slowing economy and weak stock market.

The family of the late Ng Teng Fong remains at the top with US$8.9 billion, up by US$1.1 billion from last year.

Their fortune is tied to their two biggest property holdings: privately held firm Far East Organization and Hong Kong-listed Tsim Sha Tsui Properties.

The family of the late tycoon Khoo Teck Puat comes in at number two with US$6.7 billion, up by US$800 million from last year.

They retain a stake in the Goodwood Group of Hotels.

At number three is veteran banker Wee Cho Yaw with US$4.2 billion, an increase of US$600 million over last year.

Forbes Asia said there are 13 billionaires on this year's list compared with 11 last year.

The two newcomers with billionaire standing are the Lien family and food tycoon Sam Goi.

- CNA/cc
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
goldenpiggy
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Post by goldenpiggy »

Dennis,

Thank you for your generous sharing.

A great insight.
Trading creates Income
Investing creates Fortune
Dennis Ng
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Post by Dennis Ng »

goldenpiggy wrote:Dennis,

Thank you for your generous sharing.

A great insight.
Hi goldenpiggy,
you're welcome.

I reached my 2nd million in 1 years 10 months, based on trading income of say S$10,000 a month, it might take 8.3 years to reach S$1 million.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

31 Jul 2011

U.S. has a clever scheme for them to rebound from the BIGGEST Debtor Country (owe the most Money to other countries) to rise back to No. 1 Super Economic Power in the world. How? I have shared my views/comments on how they can do this below:

U.S. bluff the whole world that they want a strong US Dollar.

No, U.S. is devaluing US$ to lighten its debt burden, it owes China US$1.1 trillion Bonds, if US$ fall in value by half, their debt burden is lessened by half.

Main objective of devaluing US$ is NOT to boost its exports, since external trade only constitutes 30% of U.S. economy.

China used last 30 years to accumulate US$3 trillion in foreign reserves. If value of the U.S. govt bonds drops by half, it's actually equivalent to China worked for U.S. for free for 15 years.

U.S. managed to sabotage Japan in 1989, Euro in 2010 till now, to dislodge any country/region that may threaten its Super Power status, clearly NOW China is up-and-coming and view as its biggest threat.

Actually, if US$ goes down, and people lose confidence in US$, then U.S. can suggest go back to Gold standard, and U.S. amongst all countries, have the Highest Holding of Gold. China amongst BIG countries, have lowest holding of Gold. U.S. may bounce back from Debt Crisis as the Economic Super Power while other countries holding its US$ Bonds become Poor. Think about that possibility.

The country which does the Most manufacturing will be so called Polluting the environment the most. That is China.

The country with little/no manufacturing and almost all manufacturing outsourced to the World is U.S.

U.S will have the MOST Carbon Trading Credit which manufacturing countries such as China would need to use Real Money to buy the Carbon Trading Credit in order to manufacture.

Very clever scheme.

U.S. is thinking of how they can continue to be Economic Super Power by getting rid of countries/region that may pose a Threat to them.

The new Monetary standard likely to be Gold plus Carbon Trading Credit. Guess which country has the most gold and Carbon Trading Credit? U.S.

Guess which country has the Worst (least) Gold and Carbon Trading Credit? China.

So, in 1 BIG Sweep, U.S. will forever get rid of China to be of any threat of over-taking U.S. Isn't such a scheme Clever?

U.S. is the BEST in playing the Money Game and they Understand and Master the Rules of the Money Game. Most Poor and Midldle Class will see their savings wipe out in the coming Crisis.

The average person who has so little Financial Knowledge will see your wealth wiped out in the Coming Financial Crisis.

This is why I'm working so hard everyday to try to educate people on Financial Matters.

I'm like the child who try to save the starfish stranded on the beach...I know I cannot save everyone, but if I can save 1 more person from the coming Crisis, I will save.

So, help me to spread the message to your facebook friends so that together, we can save as many people as we can. Time is running out before next Crisis hits us.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

Hi all,

Please read what I highlight and bold about the Real Life Example of Remiser King Peter Lim and what Peter Lim shared about Trading...(please remember he started as a Remiser and made money from commissions from stock trading).

Billionaire Peter Lim did NOT even start a business, most of his billion dollar wealth comes from his investment into Wilmar. The bulk of the wealth of the late Khoo Teck Puat comes from his 10% stake in Standard Chartered Bank, a business he didn't start nor manage. It is simply just buying 1 stock, that's all.


Peter Lim was known as the Remiser King. If even the Remiser King said he didn't make his wealth from Trading. Guess you should know by NOW that all these seminars out there that teach TRADING, be it Option Trading, Stock Trading, Forex Trading is NOT exactly the RIGHT Path to Financial Freedom.


Most of the Rich made their money from investing into stocks and property. The Singapore's Richest 40 list shows this FACT too.

How did Peter Lim become a Billionaire? Through investing, NOT trading. This is what he said about Trading: It's very difficult to make money from trading. Most of the traders, they come, they make money, because they have this gambling instinct. They take the money and spend it. The minute they lose money, they got no money to pay up.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

Singapore Income Gap is widening...this is why I need to educate as many people as possible. I want to help as many middle class move up to become Rich, so that all of us can help the Poor to empower them and to elevate themselves from poverty...

I hope more people can join in to help in this cause. You have NOT joined a Seminar, you have joined a Movement, a Revolution of Wealth.

Cheers!

Dennis Ng
dvortex wrote:Hi All,

An interesting article reported in Bloomberg today.


Singapore Miracle Dimming as Income Gap Widens Squeeze by Rich

Aug. 11 (Bloomberg) -- Economic miracles sometimes need course corrections, even in Singapore, which last year was home to more U.S. dollar-millionaire households per capita than any other country, according to Boston Consulting Group Inc.


From 1959 onward, under the leadership of Lee Kuan Yew and his successors, Singapore transformed itself into a rich hub for a range of industries, from financial services to transportation, to pharmaceuticals, Bloomberg Markets magazine reports in the September issue. From 1960 to 2010, the city- state’s GDP increased 41-fold, to 285 billion Singapore dollars, as it became the world’s second-busiest container port and fourth-largest financial center. Three of the world’s six strongest banks are based in Singapore, according to a June Bloomberg Markets ranking.

Singapore Miracle Dims as Income Gap Widens

As non-Singaporean workers and companies have poured into what the World Bank says is the easiest place on earth to do business, some Singaporeans have been left behind. The income gap between richest and poorest has widened in recent years, according to the government statistics department.
Non-Singaporeans now make up more than one-third of the island’s population of 5 million. The influx of wealthy expatriates has inflated demand for housing, pushing up prices, while the opposition Workers’ Party argues that large numbers of immigrant laborers have depressed local wages.

Singapore Miracle Dimming as Income Gap Widens

‘Learn and Lead’
Against this backdrop, the voters in May’s general election handed the ruling People’s Action Party (PAP) its smallest margin of victory since 1965. While the PAP still collected 60 percent of the votes cast, the decline from previous showings was bracing enough for Prime Minister Lee Hsien Loong, Lee Kuan Yew’s eldest son, to promise a period of soul-searching.
The government pledged to pay attention to the electorate. “My mantra is to listen, learn and lead,” says Lui Tuck Yew, the new transport minister.

Marina Bay Sands resort and casino

The Workers’ Party, which won six seats in Parliament (up from one in the 2006 election), called it a watershed election. Some Singaporeans went further. Catherine Lim, a best-selling novelist and political commentator, said the electoral landscape had turned toxic for the PAP by the time voters went to the polls. “This election shocked them like no other,” Lim, 69, says. “I call it a renaissance -- a Singapore revolution of sorts, like the Arab Spring.”
In reality, Singapore bears little resemblance to the fragile autocracies of countries in North Africa and the Middle East, politically or economically.

Former Prime Minister of Singapore Lee Kuan Yew

Hybrid Democracy
Lee Kuan Yew co-founded the PAP and was the world’s longest-serving prime minister when he stepped down in 1990 after 31 years in office. He presided over a hybrid democracy: Though political opposition was minimal, there were regular elections. Remaining in the cabinet first as senior minister and then as minister mentor, Lee was succeeded by Goh Chok Tong and, in 2004, by Lee Hsien Loong.
Over the decades, the city-state achieved its success by encouraging foreign investment, avoiding corruption and emphasizing discipline, efficiency and interracial harmony. In order to reduce Singapore’s reliance on exports, successive governments encouraged the growth of new industries through business-friendly taxes and a minimum of red tape.

Singapore Miracle Dimming

The Singaporean economy has grown mostly without interruption since 1986. The exceptions are a 2.1 percent contraction during the Asian financial crisis in 1998, a 1.2 percent decline in 2001 after the dot-com bubble burst and a 0.8 percent decrease during the 2009 global financial crisis.
Casino Gambling
While Macau, China, has been the world’s biggest player in casino gambling since it overtook Las Vegas in 2006, Singapore will move into second place by the end of this year, forecasts Frank Fahrenkopf, president of the American Gaming Association.
In 2005, as part of an effort to further diversify the economy, the government lifted a four-decade ban on casinos. Singapore moved with lightning speed: The island’s two huge gaming resorts opened last year. The casinos say they employ about 21,600 people and had attracted almost 35 million people as of recently.
Immigration has driven Singapore’s development. Smaller than New York City in area, the city-state has few natural resources. It has one of the lowest fertility rates in the world: 1.2 births per woman compared with 2.1 in the U.S., according to 2009 World Bank data.
‘An Invasion’
To fuel its ambitions, Singapore attracted globe-trotting professionals and entrepreneurs from places such as North America, Europe and India, as well as lower-paid laborers from countries including China, the Philippines and Bangladesh.
“It feels like an invasion because one day you wake up and there seem to be foreigners wherever you go,” says Dixon Chew, 34, a Singaporean maintenance engineer. “It used to be that most of the foreign workers were maids or laborers, but now they’re driving the buses, they’re taking your orders at McDonald’s, they’re the cashiers at the supermarkets.”
Unaccustomed as it is to opposition, the ruling PAP may have underestimated popular discontent, says Vishnu Varathan, an economist at Capital Economics (Asia) Pte in Singapore. “The government has missed some clues, and there are very legitimate reasons why people are unhappy,” he says. “The onus is on the PAP to show that it is not old wine in a new bottle or it will continue to lose votes.”
After the election, Lee Hsien Loong moved quickly to show he had heard the voters. He reshuffled his cabinet. The government announced plans to release more land for homebuilding.
Coded Language
It also said it would review ministerial salaries that are among the highest in the world: Prime Minister Lee made $2.1 million in 2009, while cabinet ministers earned about $1.1 million each.
Lee Kuan Yew, who turns 88 on Sept. 16, left the cabinet, as did Goh, who had assumed the role of senior minister in 2004. In somewhat coded language, the elder Lee and Goh said in a statement a week after the election that it was time for change in Singapore.
“We have made our contributions to the development of Singapore,” they said. “The time has come for a younger generation to carry Singapore forward in a more difficult and complex situation.”
The government began to address immigration before the election. “We have moved quite fast over the last five years,” Lee Hsien Loong said last year. “But now, I think we should consolidate, slow down the pace. We cannot continue going like this and increasing our population 100,000, 150,000 a year indefinitely, and we should give Singaporeans time to adjust and our society time to settle and integrate better the newer arrivals.”
Reaching Out
In that vein, the government granted 48,023 permanent- residence and citizenship applications in 2010, down about 40 percent from 79,388 the year before.
Ministers are increasingly reaching out to the public. Some are connecting in time-worn ways. In June, Minister for Environment and Water Resources Vivian Balakrishnan waded through a shopping mall to see firsthand the effects of a flash flood.
Others are flocking to the Internet. “I will consult widely, with experts, customers, industry players and Singaporeans,” Minister for National Development Khaw Boon Wan said on his Housing Matters blog.
Adapting to shifting currents is something that Singapore has excelled at since Lee Kuan Yew came to power a half century ago. His exit marks more than a symbolic threshold for Singapore and for his son. The government recognizes that popular demands at home can’t go unmet.
‘Significant Concerns’
“Singapore has entered a new phase in its political development,” Lee Hsien Loong said at the swearing-in ceremony of his new cabinet in May. “It is clear that Singaporeans do have significant concerns over both the substance of government policies and the way they are implemented. In implementation, our approach must be more flexible, thoughtful and compassionate.”
Lee’s challenge will be to keep making the city-state his father built attractive to business and foreign workers while making sure born-and-bred Singaporeans continue to get a piece of the economic miracle.
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng
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Post by Dennis Ng »

most seminars claim they teach you actually they don't. Some just teach you some basic things then ask you to continue to subscribe to their "software" and pay S$500 to over S$1,000 per year...so that they can continue to make money from you, year after year.

While I really teach people how to Invest in my seminars.

I teach the mindset of the Rich, my thought process in analysing and assessing investments. I teach the thinking process of investing, of how to decide what stocks to invest, When to buy and When to sell. So that after attending my seminar, you know how to analyse your existing investment and make your own decision.

I know I managed to do so when my graduates tell me so.

This is an email from a graduate named Sheldon Shen: "I feel that the most important point of your courses is to give people ideas to think and analyse when making investment, this is more than important to tell them to buy which shares or which property, they are very fantastic and practical courses."
Cheers!

Dennis Ng - When You Master Your Finances, You Master Your Destiny

Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
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