tag:blogger.com,1999:blog-6213354074634538714.post3333944350318610555..comments2024-03-29T22:22:39.118+08:00Comments on (The) Boring Investor: Early Retirement Maybe A Luxury That I Cannot AffordLee Chin Waihttp://www.blogger.com/profile/10250390011842795509noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6213354074634538714.post-22220227075212014332017-04-18T23:49:06.334+08:002017-04-18T23:49:06.334+08:00Wanchai30, you are right to point out that schools...Wanchai30, you are right to point out that schools churn out people with the same knowledge and skills, and textbook knowledge is a commodity. But what sets people apart is the ability to apply the knowledge. In the Straits Times article I shared above (see http://www.straitstimes.com/business/economy/half-of-paid-work-can-be-automated-mckinsey-report), it mentioned that jobs that involve working with people, applying expertise to decision-making, planning, creative tasks, as well as managing and developing people are less susceptible to automation. This is a direction we should take.Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-57006408359600761002017-04-18T23:37:02.557+08:002017-04-18T23:37:02.557+08:00It is not necessary to choose between leaving behi...It is not necessary to choose between leaving behind wealth and imparting skills & knowledge. We can do both.Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-87573200729646070832017-04-18T07:45:58.519+08:002017-04-18T07:45:58.519+08:00Would some parents prefer to provide a few hundred...Would some parents prefer to provide a few hundred thousands war chest to their children as head start to invest or guide their children to invest with their own money?Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-43492343915859229512017-04-18T00:05:00.992+08:002017-04-18T00:05:00.992+08:00Hi, I have started to read your blog lately. What ...Hi, I have started to read your blog lately. What you shared has been on my mind recently. While i respect those who focus on values, skills and other non material/financial aspects for their descendants, i would try to leave assets/wealth for my children so that they will have a choice and to even strike out on their own if that is their inclination. An employee is after all at the mercy of his/her boss. Having said that i also believe it is important to develop in our children with the correct moral values and to treat others respectfully without compromising their own beliefs. No one can tell what is going to happen in the distant future, any skills that we have now may or may not be relevant or desired by the market. Schools focus on resilience, confidence and other life skills but with millions if not hundreds of millions possessing almost similar attributes, how to ensure that our descendants will have sufficient tools to survive and thrive? wanchai30https://www.blogger.com/profile/12484836889465553637noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-11882921025917685702017-04-17T23:26:52.333+08:002017-04-17T23:26:52.333+08:00Agree fully with you.Agree fully with you.Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-86108068289136878222017-04-17T23:22:16.717+08:002017-04-17T23:22:16.717+08:00I understand you chose to work till retirement age...I understand you chose to work till retirement age even though you could retire before that. Do you mind sharing your views?Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-62055467564636730062017-04-17T23:20:00.731+08:002017-04-17T23:20:00.731+08:00My concern is when robots displace workers, how do...My concern is when robots displace workers, how do these workers find alternative jobs that pay the same amount of money with the same level of skills? Very likely, all industries will face the same threat from robots, just to different extent. See report from Straits Times: http://www.straitstimes.com/business/economy/half-of-paid-work-can-be-automated-mckinsey-report.Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-66421527598996759662017-04-17T11:31:26.167+08:002017-04-17T11:31:26.167+08:00Hmm... BI
I think it's better to leave behind...Hmm... BI<br /><br />I think it's better to leave behind values,skills and knowledge for descendants than money.<br /><br />It's highly likely that the jobs for the next generation will be different from what it is now, and there might also be lesser? <br /><br />Giving them money without earning is most probably not going to work, give them the navigation capability to stay employable, by employers or by market.<br /><br />Sillyinvestorhttps://www.blogger.com/profile/03228581533460899084noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-37896910322812163292017-04-17T08:08:16.433+08:002017-04-17T08:08:16.433+08:00Early retirement is a blessing as not many full ti...Early retirement is a blessing as not many full time employees can do it.Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-22517381311025785372017-04-17T01:19:23.301+08:002017-04-17T01:19:23.301+08:00I'm not sure why you consider robots replacing...I'm not sure why you consider robots replacing work to be a doomsday scenario. Terminators? I think when robots replaces any work, it simply means that the task it replaced is no longer valuable enough to justify spending human time on it. We then divert our attention to other things which can add value to society. Innovation or entertainment for example? Kaihttps://www.blogger.com/profile/14077216939235524500noreply@blogger.com