3 Lessons From The COVID-19 Resilience Package

TL;DR- COVID-19 Resilience Budget: ‘Landmark’ S$48 billion package to tide Singapore through ‘unprecedented’ crisis

🌧 ☔️

We have saved up for a rainy day. The COVID-19 pandemic is already a mighty storm, and is still growing

,” – DPM Heng Swee Keat

By now, your newsfeed will be swamped by this. So I will just focus on 3 x learning points.

WHAT CAN WE LEARN FROM THIS?

1. CREATE YOUR OWN RESILIENCE BUDGET
Remember when your mother used to tell you to save for a rainy day, and you griped about her being a wet blanket? Well, the Singapore Government has build up the National Reserves over the last decades.

It’s never too late. Start small. It’s for your own good, and it prepares you for the #HundredYearLife

“. . . our govt is the role model for saving for rainy day😀”, echoed Sean Seah, full time investor and One Punch Man wannabe.

2. LEVERAGE ON CURRENT MARKET CONDITIONS
Over the past days I have met up with friends and clients with regard to updating them on the financial data and the window of opportunity.

I met with two camps.

🏘I LOVE PROPERTIES
“Mark, leave me to this asset class. More government policies will be enacted to help me.”

📉I LOVE STOCKS
“Mark! I’m sitting on cash! How? Buy which one?!”

So, I asked PE Chen, Co Founder of Ultimate Investing for his opinion. He shared candidly, “Among the 3 groups of investors who invested namely in Equities, Properties and Businesses, I believe those who invested in equities are the least affected.”

He continued, “For Non-business Property investors, they might be stuck with a double whammy, having to continue paying mortgage and not being able to secure a tenant easily in times like this!”

Both camps are right. Because as long as you take some action, you will see the results. Any results.

3. TO BET AGAINST THE CONSENSUS AND BE RIGHT
Whenever we wail and whine at the government to release the national reserves, the government will always be telling us that it is not the right time.

They are willing to stand firm and bet against the consensus.

When it comes to investing, this is the toughest too. Because at this time, there will be risk-averse people telling you NOT TO INVEST, because the market just lost money.

But deep down you know that people rush over a Great Singapore Sale right? It is now the Great Global Sale.

Take action. I’ve started to see some minor rebound in the prices.

#FamilyFridays #MARKofLeaders #XmarksTheSpot
#BLOOMamongstGLOOM

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