Been to Macao, I feel very uneasy with gambling business.
I really feel it's a sinful place. There are so many casinos and every hotels has it. They give promotion paper to tourist like crazy. A lot of tourists just throw to dustbin. 1st is the very waste of paper. How many trees has to be chopped down because of these casino promotion materials encouraging gambling activities. 2nd, each casino provides free bus shuttle transports you to their casino for gambling. How many petroleum reserve has to be used to promote gambling.
Every casino built up into very high class feeling for those gamblers to feel that they are very rich. They use a lot of gold color, crystal, metallic silver color. Each building design is extensively spectacular. You can even see vienna inside the casino. I feel the every casino design is monster, purposely making you cannot leave the casino. It's easily lost inside. It's so beautiful as you will not notice what time it is now. 24 hours operating.
When you manage to leave casino, there are so many luxurious shops around casino. If you are not lose in casino, Macao will make sure you lose it whether in luxurious shop, or for night services outside.
Although I can see that gambling is a very profitable business, but from now on, I will not invest in gambling business.
I personally feel genuinely Macao culture is ruined by casino, don't talk about their economy is mainly supported by casino.
I don't like Macao.....
Sunday, November 27, 2011
Property price
Property price is related to supply and demand. People rushing to buy because
1st the economy is good or people expect it to be getting better.
2nd is the demography, local or lots of foreigner come and live here.
3rd is the low interest rate, low rate tends to boast economy growth but too low tends to invite speculation and cause volatility in property price.
But long term, it's the opportunities that count. Opportunity will invite investment and draw in foreigner, as more money circulate in the country, people become richer. Here we don't count the disparity of income. But ultimately, demand will boast up all price, from salary to property.
I suggest that for long terms, property price will continue to rise in those cities like shanghai, Beijing, hongkong, Penang too.
1st the economy is good or people expect it to be getting better.
2nd is the demography, local or lots of foreigner come and live here.
3rd is the low interest rate, low rate tends to boast economy growth but too low tends to invite speculation and cause volatility in property price.
But long term, it's the opportunities that count. Opportunity will invite investment and draw in foreigner, as more money circulate in the country, people become richer. Here we don't count the disparity of income. But ultimately, demand will boast up all price, from salary to property.
I suggest that for long terms, property price will continue to rise in those cities like shanghai, Beijing, hongkong, Penang too.
Tuesday, November 1, 2011
The sequence
If you are employed by others, you have to pay tax to government before you can pay yourself.
If you have your own company, you can pay yourself first before paying tax to government.
This is a major factor why the rich get richer and the poor remain or worse.
After getting salary,
You can spend first before saving, or, Save first before spending.
First one either you end up no saving, or become to stingy and scare to spend.
Second one you will know at least how much you can save, and the extra that left after spend is bonus.
If you have your own company, you can pay yourself first before paying tax to government.
This is a major factor why the rich get richer and the poor remain or worse.
After getting salary,
You can spend first before saving, or, Save first before spending.
First one either you end up no saving, or become to stingy and scare to spend.
Second one you will know at least how much you can save, and the extra that left after spend is bonus.
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