More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Jim has a vast range of views on America and the world. As time progresses, hopefully, we will focus more on our similarities instead of trying to divide with our differences; maybe one day, passport will be a relict. After all, we are all just children of earth.
Too idealistic. Even if climate change is threatening our existence, none of the superpower has the wisdom to lead and then to say, let's all work together. Instead, today we are looking at endless propaganda seeking to divide the world into democracy and autocracy.
Singapore National debt is high because govt is keeping our money in CPF, so govt owed us. We have to pay for our HDB mortgages, so we have debts owed to HDB …that’s a lot of debts there both ways. What’s assuring is that our reserves is more than 1 trillion backed by real gold…and besides we have a very efficient and prudent government, so nothing to worry about….
Not only Singapore, most nations borrowed to boost their inner economy, often and mainly for transportation infrastructures. It changes with time and necessity. Debts for a nation is healthy as long as it help it grow its GDP and obviously keep the GDP higher than the payments and interests. In short, as long as the debt do really benefit the economy, the country's notation stabilize or raise and pay less interest. A country's debt should never be taken isolated to explain or tell about economic situation.
Further , you mark it here within 20 years , there is high possibility that there will be war between China and USA. Singapore is so much dependent on Chinese investment although it is an American ally. To be honest, Asia will be much dangerous place in future if China continues to grow as US will never allow another number one . USSR war ended up in Cold War because it economically collapsed and did not become number one economic power. Look at how North stream pipelines went in to complete destruction because a German and Russia future collaboration means it’s a threat to USA . So the whole Ukraine war , Ukraine is just a proxy state . The US and EU created Israel to destabilize Middle East and control Arab rise like the past Umayyad or Abbasid . If China continues to grow , means there will be further instability in Asia, so Asia will be the most dangerous place for future ( if China grows and overtake USA ). Australia , Taiwan and Philippines will be new Ukraines.
With regards to the topic on SG debt, coincidentally on the same day as Max Chernov, another RU-vid channel known as Behind Asia explained that while SG's gross debt to GDP is 167% which is even higher than USA's 123%, SG has zero net debt bcos SG has a strong balance sheet with assets in excess of liabilities. Furthermore, unlike the USA which incurs debt to finance budget deficits, SG borrows mainly for infrastructure projects which can potentially yield returns over the long term.
he has been wrong so many times that even Wallstreet doesn't regard his words anymore. Don't understand why'd you even bother to interview him just because he has money. Plenty of other rich and wealthy famous people in Singapore for you to pick from so that your viewers can actually learn from a role model instead of a one trick pony.
Sheeesh, you really don’t need to watch the channel if you have such feelings about the man or his show. I’m not Russian, by the way… just saying that RU-vid has millions of channels u could switch to. 😂 So just chill, man.
@@kenzone I’m not interested in watching his shows. He came up as a recommended video in my algorithm because I was just laughing at Jim Rogers with some friends on my chat app. I’m a Singaporean and here, we laugh at such gullible people like Jim Rogers who believe propaganda easily all the time. Rogers doesn’t know anything about Asia or China.
He was a good investor a very long time ago. If you have taken his advices over the last decade, you would have miss out on many money making opportunities and probably lose money too. He is always very pessimist and his view is everything is overvalued without considering the growth and innovations. I can't see people stop using USD, technologies and financial services from America in the next 20 years.
This guy Jim Rogers says a lot but he actually says nothing much 😂 Sure Singapore has a lot of internal debts because of our CPF saving and HDB housing mortgages but that’s nothing to worry ….Singapore will go on forever as LKY said “Singapore will survive “ …yes we will…
People have their own opinions. Some different, some similar. Each country has their own issues. What he said was his own opinion. Time changes, country and people may have to change with the times or try adapt to its changes.
Funny how people feel offended by Jim, left and right. Just because he doesn't praise your country? Exactly what he mentioned in the beginning of the interview. A feeling lacking in intellect.
Sooo, at the moment of stop being privileged in your country, you should go to be privileged in other one? Basically, he is said that you should go to outher country and do a modern colonization. And that is provoking the destruction of other economies. If you move, try to be a citizent and contribute to the country you live in, buy in the local markets and pay your taxes. Yes, US is not in a good moment, but do not change other people way of living at the moment of moving there. I have experienced a lot of things from americans moving to Colombia, Mexico or Costa Rica, everything gets more expensive to the locals and almost impossible to pay, also, americans try to change traditions in those places bc they found the music, the people or even the smallest thing annoying. Remember, if you move try to be a resident, a your taxes and be kind. People are strugguling and is their original country. Be responsible, be open minded and be aware that their traditions are more important than the privilege. The economic factor is only a side of this problem, we need to open our eyes to this. Traditions should remain untouched. Do not try to live in luxury or privileged in other country when you're helping the big companies to move forcibly the locals bc they can't pay what they ask, bc suddenly the demand of americans/europeans/etc are moving there. Be aware, respect and responsible.
This is the same guy who moved himself and his family to Hong Kong, because that’s where the future was….yeah right. This is the same guy who in 2012 said, 'stock brokers will be driving taxis and the smart ones will learn to drive tractors so they can work for the smart farmers. The farmers are going to be driving Lamborghinis'…From what I can see, farmers are out in their tractors demonstrating at not being able to make a living.
You are right about the wrong prediction of the prospects of farmers but are dead wrong about HK.HK"s future is even brighter now as it is no longer the base for western spies to create chaos there and in China.
Given Jim Roger's intelligence as well as his breadth and depth of knowledge, I'm surprised that he doesn't seem to be aware that Singapore's supposed high indebtedness is purely a result of gross debts being reported, while in practically all other countries the debt levels are net debts.
Max, your next 'target' to interview should be a DJ celebrity of Gold 905 namely Mike Kassem (an American expat) son of the late Casey Kassem, who was a DJ in the US way back then in the 60s.
Honestly from my experience there is nothing right or wrong in human emotions whether thats love for ones ancestral place or love for ones own people , culture , language and also lack pf those. Every of those emotions will still be good if there has been a reason behind those. One cannot just love ones country because one was told to love like that, it does not work like that except for fools and scoundrels, people has to feel that ,there has to be an urge and honestly why do people feel such an urge if at all, well in my case and i am sure in most if not all other cases its te history behind that. For example in my case my love for my place comes from my experience of the feeling of loss i had felt because my mother tongue was unde threat of being overrun by other languages and we had actually faced some practica problems which arose from such a situation. However the situation improved with formation of Bangladesh as a separate country and so my urge for protecting my place had diminished considerably. I am sure it is similar for all others.
A lot of Singapore debt is in the form of foreign high net worth individuals who have invested in Singapore. It is one of the ways it attracts the UHN individuals - more importantly it has many different nationals residing here, in order to maintain relations with their home countries. Strategic?
As a Brit who has just moved back to the UK to retire after 12 years living in the Midwest I can tell you that there are 2 'USAs'. One is that inhabited by the decent, altruistic, traditional Americans, & I include military personnel in that & the second is that occupied by the majority of the elite establishment who may put their hand on their heart during the the National Anthem but there is just a space where their American heart used to be. I make a point twice a year of visiting Newington Green in London where I can walk in the footsteps of Benjamin Franklin, Thomas Jefferson, Thomas Paine & John Adams. Each time I conduct this pilgrimage I feel illuminated. Sadly for the USA the illuminations are going out in the USA, but rest assured it is temporary.
American citizens do not need to pay Additional Buyers Stamp Duties for properties in SG due to the Free Trade Agreement between SG and USA. Furthermore, Asia does not have NATO. A day may arrive in the not-too-distant future when the USA declines to such an extent that she is no longer strong enough to maintain a balance of power in Asia Pacific. And SG may become the next Armenia who is now very vulnerable with Azerbaijan seemingly waiting to pounce And so by not giving up American citizenship, at least he can still return to the USA easily in the event such a scenario happens. Surely the USA will evacuate her citizens from conflict zones just like what she did in Sudan and Afghanistan in the past few years
Singapore doesn’t really have any natural enemies and spends more on the military then their neighbours, while I see your point I doubt that it would be another Azerbaijan
LOL, why leave USA? I don't understand. USA is the most powerful nation in the world. USA call the shots. I wouldn't give up USA citizenship if I have one LOL.
to be fair if I had 300 million I would rather go to singapore then stay in the US. I have seen multi-billionaires walking around Singapore with zero security in flip flops
