Singapore’s hawker centres are unlikely sources of investing wisdom. There are 110 such establishments on this island. Every day, over three million people savour a wide range of dishes. Choices range from roti prata to Hokkien mee.
Hawker centres make Singapore one of the world’s cheapest cities for eating out. A plate of chicken rice costs $4, almost half the average hourly wage in Singapore. In London, an average meal costs $8, which is half the average hourly wage in that city.
Exchange traded funds (ETFs) are a financial innovation that has made investing as cheap as chicken rice. Investors can hold an index fund which trades like a stock. The typical management fee could be as low as 0.02%.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
