<Facebook post by Tan Jee Say>
"So, here’s what I have been able to find and compute – returns (estimated) of the following selected stock markets over the last 10 years or so:-
STI (Singapore) -3%
S&P 500 (USA) 60%
KLSE (Malaysia) 40%
FTSE 100 (U.K.) 15%
HKSE (Hong Kong) 15%
Nikkei 225 (Japan) 12%"
An economist friend commented on Leong Sze Hian's findings :
"It's a reflection of the economy. And the leadership.
Do you therefore invest your reserves outside or use it to build your own economy?
Help others to be more successful or help your own businesses to compete globally?
Like the Koreans and the Japanese.
We should invest in our own companies to build up our economy.
A strong economy will bolster stocks and enhance our retirement savings.
"Nothing is more powerful than an idea whose time has come." (Victor Hugo)
I agree. Our economic model badly needs an overhaul.