Welcome back, friends! This week’s Retire Rich Weekly dives into three hot topics: turning dreams into reality, understanding the recent DBS bonus issue, and the changing landscape of foreign property buyers in Singapore.
#1. Dreams Don’t Happen on Their Own: A Lesson from “One Piece”
Who here has watched “One Piece” on Netflix? Captain Luffy’s unwavering pursuit of his dreams is seriously inspiring. It reminds me why I’m here: to help you achieve financial freedom and that sweet, sweet early retirement.
There’s a quote in the show from Zeff, the owner of Baratie, that hit me. He was encouraging Sanji to pursue his dream of finding the rumoured chef’s paradise, All Blue. He said,
“It’s one thing to have a dream, it’s another to go after it.”
But here’s the thing – many people dream of quitting the daily grind and becoming financially independent, but taking concrete steps towards it? That’s a whole different story. Remember, passive income doesn’t magically appear, and early retirement is all about proactive planning.
Let this be your friendly nudge to dust off those financial goals and take action!
#2. DBS Bonus Issue: It’s Not a Giveaway
DBS recently announced a 1-for-10 bonus issue for its shareholders. Basically, if you owned 10 shares of DBS before the ex-date (April 19th), you received 1 additional share as a bonus on April 22nd for free!
Sounds great, right?
Here’s the catch: these bonus shares don’t actually make the company more valuable and it doesn’t get you richer because the number of shares has increased so the price per share usually goes down a bit – which is what happened last week.
Some folks get confused by this math. There’s a cool article in the Business Times article titled “While bonus shares are largely a gimmick,
