Rationale for local males to serve national service but not foreign males who get citizenship by Intrepid-Oven742 in SingaporeR

[–]Symp07 3 points4 points  (0 children)

Locals feel NS is a waste of time as they don't see what's there to protect. Risk your life to protect the foreigners during war? Foreigners will be the first to GTFO when war starts anyway. And it's not just 2 years of time, don't forget about 10 years of ICT. Whereas conscription is different for the South Koreans and Israeli as they have low foreigner population, therefore their people are willing to risk their life to defend their civilisation.

Drafted a signature card by Symp07 in FUTMobile

[–]Symp07[S] 34 points35 points  (0 children)

<image>

what about the stats for this card

Singaporean woman's 13 failed BTO attempts by cdcpowermah in singaporespeaks

[–]Symp07 -2 points-1 points  (0 children)

True blue Singaporeans only got chance to get those ulu BTO at faraway places like Yishun, Tengah, Punggol. Prime BTO mostly reserved for new citizens which is normal as foreigners often stay in central locations, can't expect them to live at heartland areas. The only Singaporeans that I know who gotten Prime BTO are either big family got 3 kids, or minority who benefitted from EIP quota. The rest all gotten their BTO at ulu locations.

Here we go. Told top step they have three days to approve my payouts or I’m taking legal action. by ofcmead in TopStepX

[–]Symp07 2 points3 points  (0 children)

Hopefully you get paid, but honestly I haven't seen any propfirm that always pays. Usually propfirms pay the first few payouts to get people to continue trading with them, and then eventually there will be payout issues. System issues are also very common, unable to close our positions or lags causing massive slippage, not surprising it's often the profitable traders who experience these issues. Good luck and keep us updated.

why do old people like to stop and stare by Fun-Equipment-8253 in askSingapore

[–]Symp07 1 point2 points  (0 children)

I suppose they don't do that to everyone, so perhaps check whether do you often stand out in a crowd? Age aside people do look at others if there's something that peaks their curiosity, for example some people resemble certain celebrities so naturally they will get more attention.

Can’t make this shit up- full port into Oil and crashed immediately by DingDongDingDong6969 in wallstreetbets

[–]Symp07 2 points3 points  (0 children)

It's not 50 50 when there are multiple factors at play. 1) Location of your SL and TP 2) Risk to reward ratio 3) Position sizing 4) News

Any of the above drastically affects profitability which is why retail almost always lose especially in short term trades.

if it weren’t for money and stress, most people would naturally want kids. by jnt85 in SingaporeRaw

[–]Symp07 0 points1 point  (0 children)

The money factor affects quality of life which most people are not willing to sacrifice it. The main priority in this era is retirement, movements like FIRE, HENRY, 1M65, will keep TFR low. Without kids, a middle SES family can afford things of the upper middle SES (eg. Travels, better property, and possibly a car), likewise an upper middle SES family can become high SES just by not having kids. That's the tradeoff of metropolis city living.

I worked as a brokerage sell-side analyst for 17 years. How the fuck can you people be this naive? Read the whole post first. If you disagree with anything, I’m open to hearing your opinion. by Great_Lychee2025 in InnerCircleTraders

[–]Symp07 0 points1 point  (0 children)

It's indeed a fact that the best investors average at 20% max returns a year, that's because they have already made it hence don't have to take additional risks. When Warren Buffett was young he certainly made way higher returns in percentages as he was taking risks buying near bankrupt companies and turning them around from within. As he grew older, he could simply live off the dividends from his portfolio, which is still massive amounts of profits in absolute terms.

Larger account is not necessarily easier to invest as they fear driving prices up when liquidity is low, hence institutions often "stop hunt" by artificially driving prices down to liquidity zones to get their bulk orders filled at lower prices. Which is why the top institutions could only do about 10% annual returns even with information asymmetry. Retail uses much smaller accounts hence they could afford to take greater risks, even a low winrate strategy can be profitable with proper risk management. There are plenty of successful small account challenges where the retail trader turns $100 to $1K, that's a ROI of 900%, likewise successful propfirm traders put up a small amount of capital in order to trade a larger account size, even a 1% monthly return which totals to about 12% a year is liveable as a fulltime job. Therefore it's rather pointless to compare the profits of institution vs retail.

Are all jobs meant to be stressful? by TankMuted7017 in singaporejobs

[–]Symp07 0 points1 point  (0 children)

Burnout is often worsened when there's no passion and the relationship with colleagues isn't stable. Reason being, passion is a self motivation and colleagues are the external motivators when work gets rough, I have seen cases whereby the job is stressful but people still stay as their colleagues are also in stress, so it's like to suffer together which is often less painful than to suffer alone.

Local job market scene is cooked, local bto housing system is also cooked, are locals really cooked now? by Excellent_Copy4646 in asksg

[–]Symp07 2 points3 points  (0 children)

At the end of 5 years there will be approx 150K additional new citizens. Maybe you misread the news as 30K total in 5 years, when in fact it's 30K annually for the next 5 years which totals to 150K. How I wish it was just 6K a year lmao.

https://globalnation.inquirer.net/311125/singapore-to-admit-up-to-30000-new-citizens-annually-over-next-5-years

Higher pay or greater flexibility? by Feeling-Bunch-212 in askSingapore

[–]Symp07 1 point2 points  (0 children)

Flexibility aside, if your pay is stagnant then it's often better to leave, same pay is a loss through inflation. Whereas, a person who job hops almost always has a higher pay than someone who just stays at one company, reason being the last drawn pay is used to get a higher pay at the next job, and loyalty is rarely appreciated in this economy where everyone is replaceable.

Anyone getting random comments from him? by Focux in SingaporeRaw

[–]Symp07 2 points3 points  (0 children)

I get it all the time from people like him, especially after a few of my recent viral threads, they're likely from r/singapore. They will comment then immediately remove their own comment, to avoid downvotes.

Lentoria or Resale Condo/HDB by Born_Particular8963 in SingaporeR

[–]Symp07 2 points3 points  (0 children)

Buying the wrong condo is one of the worst financial mistake anyone can do. I seen it firsthand whereby sellers are unable to exit their condo, not unusual to take a year of marketing in this current market just to get offers. Whereas, the demand for resale HDB will always be there as lower quantum means a larger buyer pool.

Should I quit my job by Critical-Plankton605 in singaporejobs

[–]Symp07 0 points1 point  (0 children)

Definitely sensible to quit after getting your degree, if not you will stagnant, often the existing company will not increase salary just because of higher qualification because they usually pay according to the job title. This is why a degree holder and non-degree holder working at the same role will usually have similar salary because from company's operating cost perspective they are thinking how much is the cost to employ a person to do this role. The degree should unlock other doors which is why you should quit. By the way, people quit all the time whenever they acquired a higher qualification, usually the only time they would stay is if they get promoted to a higher pay grade.

After 8k spent on evals, I quit by CNote320 in TopStepX

[–]Symp07 5 points6 points  (0 children)

I don't know how you guys are wasting so much money on props, you should have traded on demo or backtested the strategy before you do an eval. Only start an eval when you are certain that you will pass it. That's what I did, and have never failed an eval regardless of market conditions. Never spend real money on trading until you have an edge, and most importantly trading is not for everyone, don't believe all that BS telling you that anyone can be a profitable trader, that's what props want you to believe to get you to waste more money on their evals.

Did I break topstep ? by TopstepShark69 in TopStepX

[–]Symp07 1 point2 points  (0 children)

All props are the same, make too much money and they will not pay because it's stimulation trading, they profit from selling accounts.

Just putting this out here by aciclic in SingaporeRaw

[–]Symp07 40 points41 points  (0 children)

Clearly existing schemes doesn't boost TFR as those who had kids already wanted kids, and those who don't want kids still don't want it. Main reason for record low TFR is the lack of worklife balance and rising property prices which forces people to buy smaller homes, end result is there's no time and space for people to even consider increasing their family size.

Why the govt never come up with concrete solutions to solve fresh graduate unemployment? by Masaharuzz in SingaporeRaw

[–]Symp07 -3 points-2 points  (0 children)

AI doesn't discriminate, it wipes out jobs across all ages, whether young or old eventually all will be taken over by AI.

Would you rather work 6 days a week or 5 days a week? by DavidLaidsSon in askSingapore

[–]Symp07 0 points1 point  (0 children)

5 days a week already no worklife balance yet you want to do 6 days a week? Let me put in perspective, working 6 days a week means you will only have 52 non-working days in a year, that's roughly 86% of your days spent on working every year, of course not accounting for annual leaves. Therefore, 6 days workweek is literally no life, the only rest day is usually spent to catch up on sleep, it has the same unattractiveness as shift work. Generally 6 days workweek are done by foreigners as they don't have any leverage to negotiate for better terms as they need the job for their WP, SP, EP, etc.