Cheap Gasoline – Right Under Our Noses

Two weeks ago, I packed my car for a weekend road trip.

I live in Singapore, an island city state in the South China Sea, measuring 26 miles by 15 miles. The drive was going to take me across the border, into the country of Malaysia, which is linked to Singapore by two bridges.

A friend of mine (she’s formerly from California) retired to a small Malaysian village last year, and I wanted to check it out. Before leaving Singapore, however, I had to ensure that my Mazda’s fuel tank was at least ¾ full. I pulled into a gas station, added $60 of fuel to the Mazda’s tank, bringing the gauge to the three quarter mark.

If I attempted to drive into Malaysia with less than three quarters of a tank, I might be stopped at the Singapore border and slapped with a $500 fine…

Read the full Article I wrote for Assetbuilder





Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I’m happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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3 Responses

  1. Chris the Truck Driv says:

    Hi Andrew, Here in California I watch the Arco stations….because they are the lowest at around 4.19 a gallon! Anyways when you show us those other Country's rates it certainly helps me too stop complaining! Good Read as always! On another note I am interested in Investing in Singapore somehow…..would a shopping mall REIT be the best bet for me or are there some other viable options? What are the Tax implications for an American investing in a Singapore REIT? Maby I should passively invest in a small Cap company startup! What are your thoughts? Sincerely Chris the Truck Driver

    • Thanks Chris,

      With real estate at nosebleed levels over here, I'm not sure if a Singapore REIT would be a great idea. Did you see some kind of advertisement? What did it say? Is this an issue of a marketer grabbing new investors based on the promise of future returns, using recent past returns as proof? Please let me know. I'm fascinated.

  2. Chris the Truck Driv says:

    Howdy Andrew, Thanks so much for your Reply! I will try to answer your Questions the best I can buddy! Well I guess about 6 months ago I started jamming My Roth IRA full of VNQ and PCL REITS. I guess about 5000.00 dollars worth. I'm gonna hold this long term(25 years or more)and reinvest the Dividends. My understanding is REITS are a good Non-Correlated asset class to invest in now(some even say their a Free Lunch inside a Roth IRA) Everytime I read my favorite investor's website…that would be you of course…I would find myself day dreaming about investment opportunities in ASIA ,especially Singapore…You talk often about your life as a Teacher and Married man living abroad over there. So one day I did a Google search on Singapore REITS and up popped http://WWW.capitamall.com I guess it is the largest and most well run REIT in Singapore! I bet the shirt off my back that you even knocked down a couple cold beers there! Maby we can learn more together on This REIT…..I also am facinated by this. Sincerely Chris the Truck Driver

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