The Singapore Budget 2020 is out.

Well. Here we are. The Singapore budget announcement for year 2020.
Link

One glance through the details can easily figure out the budget objectives. It is meant to help our economy through a series of measure to sustain the companies and retain workers' jobs. Tough time called for the right measures. The recent outbreak has hit a dent on the economy, last year we managed to skip a recession, but this time I don't think we can avoid it anymore. If a recession cannot be avoided, the government has be ready for it.

 

Overall the budget 2020 was highlighted in 5 areas. Apart from some social benefits for the older group of workers. Most of the budget are catered to re-structural our economy to meet the future growth and remain sustainable in tough time. 

Ok. Big talks over. Now the ground happenings:-

'What! $100 only?' 

'Lol. Not enough ah?'

'Buy milk powder also not enough.'

'The budget is meant to help the economy la'

'Help me better la.'

Ok. Just some kopi talks during the boring working weekdays. Lol.

Fear: Man's greatest enemy

'Fear is not real. The only place that fear can exist is in our thoughts of the future. It is a product of our imagination, causing us to fear things that do not at present and may not ever exist. That is near insanity. Do not misunderstand me danger is very real, but fear is a choice.'

Quotes from Will Smith

As we have been aware, the recent outbreak has caused such phenomenon where food supplies got snatch up in supermarkets and medical supplies got wipe out in pharmacy. Something that we only used to see for a long queue at Singapore Pool station suddenly occurred at pharmacy, queuing up to buy surgical masks. 

I was not even aware of the frenzy status of the people that took place during last Friday and Saturday when the government announced and raised the outbreak status to 'orange' alert. It was only on Sunday when I happened to be around the market looking for breakfast when I saw an aged madam rushed passed me with her maid behind her carrying 4 packs of eggs. I turned my sight upon the entrance of the supermarket and WOW!

A chaos scene. People rushing around madly carrying variety of items. I thought I was watching World War Z (A zombie movie). 

And,,,,I shook my head and sigh,,,human.

Mankind are subjected to fear. Fear is a powerful emotion. It can lead to many irrational decisions and actions. There are many people who cannot handle fear. Even the most unimaginative mind can cook up some of his greatest fear for himself. The same principle applied when it comes to investments, a collapsing market, how a man can keep calm in such state.In the end, a man may lose money not because of a market cycle, but rather to his own fear.

So , how does ones learn to control his own fears.

There are no clear answers for this. I myself have my own fears. I learn to control it over the years, if fear is stopping me from doing what I should be doing. I would try to feel the fear and do it anyway.

What do I have to lose? Only my fears.

So, what am I going to do for this fearful period.

Nothing, I continue to play my games and business as usual.

Stay well, be positive. And don't lose to your fear.

Monthly Financial Updates

This monthly sustainability report does not include any of the salaried income. The basis for this monthly financial review is to gauge the sustainability status of my financial independence based on the total amount of passive income received. 

Ah! A new year.

The month of January is one of the cold months for dividend income. Although I didn't obtain much passive income from dividend, but the strategy positioning of a fixed deposit return for this month helped increased the overall passive income. So, look like it is another surplus for this month.  

 

As planned, a part of the resources from the war chest was diverted to pay down the housing loan. Allocation remain little changes. No trading was done for this month.