Hey people.

Are you thinking of refinancing your auto insurance? The bank interest rates are currently low, so it would be a good idea to refinance and pay lesser every month (at a much lower interest rate too).

I’ve had my car for about 3 years now, meaning I bought it at around 2008. The interest rates were high then, I think about 8%. Well, now it’s 1.88% !

I was thinking if I should either refinance, or get a repossessed 2nd-hand car in good condition (lol). After some thought, I’m currently leaning towards refinancing because my car is still in good condition and Japanese cars go a long way.

I guess I’ll have to do my calculations again!

On a sidenote,  if you need low car insurance rates and quotes, be sure to do your research well and choose the correct package that gives you the most advantage. Some insurers give you discounts if you don’t make claims against them, while some provide you with a sign-up bonus. It’s all up to you, depends on what you prefer i.e. cash or gifts or benefits.

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So…the banks have recently revised their interest rates again. You can now get a home loan at interest rates almost half that of HDB’s.

Job market still looks bleak, despite the propaganda news to forcefully influence the market. Let’s not kid ourselves. We are hardly recovering as a world.

I am afraid of the impending double dip recession.

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I think the USA is better off with Obama. I can see results.

But Singapore? I don’t even need to get started, it’s extremely depressing! Honestly, when I saw the NDP on TV, and I saw all the faces of those people…I went “Damn, those hypocrites!” Everyone there were hypocrites.

The resentment among Singapore Citizens is truly unbelievable man, I am awed. Reading the papers and discussion boards, as well as getting inputs/views from friends, I realise that most Singapore Citizens are sick and tired of all the empty promises and trash talk.

One might say that the ones complaining are those with worse off situations e.g. bad debts, low income blah blah. But it’s interesting to know that the resentment exists with well educated, reasonable income earning Singapore Citizens too.

It would be a blatant lie if I was to say I don’t harbour any resentment. In fact, I hate it how Singapore Citizens are mistreated. I’m pretty competitive by nature, so I don’t really care whatever fug foreign talents, I know I can kick their asses. But what happens if you are denied the stepping stone such as job hunting?

Say for example, our universities are prestigious and world-class. Naturally, our graduates are of high calibre and quality. One would expect our graduate to earn a starting pay of minimum $3000. But wait. India’s best university is placed somewhere along the 200th, and a similar graduate from there is probably earning more than our graduates (working in Singapore).

Some companies provide a yearly increment of about 2%. Come on, that amounts to $50-100 per year. The national inflation rate is more than 2%. Even the HDB loan interest rates are pegged at 2.6%. Wait. CPF Ordinary Account earns 2.5% (I think) per year. Do some simple calculation and we Singaporeans are getting poorer every single day.

How cheap is cheap? Why do employers favour quantity & cheapness over quality & productivity?

If I had money, I would want to migrate my family and I to someplace better. Forget Singapore. Get citizenship somewhere, leave my CPF to earn interests, when the time is ripe I’ll renounce, and then enjoy with my money and family!

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