For subscribers
4 money sins to avoid
You won't risk being short of cash if you can kick these habits, as outlined by Invest editor Tan Ooi Boon
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People queueing in Hougang for a shot at the $12 million prize pool in this year's Toto Hong Bao Draw in February. There is nothing wrong in placing small bets once in a while to see if Lady Luck will pay you a visit one day, says the writer, but a line has to be drawn if betting is seen as a way to earn back income that has been lost amid a pandemic-induced recession.
SHIN MIN DAILY NEWS FILE PHOTO
1. 'Investing' in the lottery
Financial planners might roll their eyes in disbelief but it is probably fair to say that one of the key retirement strategies for many Singaporeans is to bank on hitting the jackpot in the lottery.
