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Investing culture: A tale of two cities

Chew Sutat
Chew Sutat 9/9/2021 9:9 PM GMT+08  • 9 min read
Investing culture: A tale of two cities
How different is the investing culture in Singapore from that in Hong Kong?
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Q: Why can’t I make money in the Singapore market?
A: Well, you can also lose money in 2021 punting GameStop, Chine techs and even Tesla.

Every so often, our local media features success stories of some unnamed investor making quick bucks in the US, Hong Kong, or from some kind of sexy foreign investment. These articles typically wax lyrical about how local investors have lost tons of money with no end in sight from perilous illiquidity in Singapore. Both jaded pundits and bright-eyed cub journalists alike parrot these comments as the gospel truth.

Of course, a spectacular fall from grace, or sob story, is a lot more sensational when juxtaposed with the shiny new toy — be it the latest crypto, high-margin products pushed by the financial institutions, or even nickel scams offering hope that springs eternal — in glistering distant shores.

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