Some Updates...

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Once upon a time, there was this soooo soooo wealthy Chinese family whom I told you about in one of my old posts (I tried to search for it, but couldn't find it). The couple owned a number of very successful Chinese grocery stores. Not only that, they also bought a number of investment properties, and owned giant blocks of buildings, apartments etc. They worked so hard and became so rich, but couldn't find the time to go holiday ever (some of their employees were my acquaintances). I wrote at the time about them, and pondered whether it was a good thing to have that much money, owned that many properties, but never could find time to relax or to enjoy the fruit of their labour. Guess what? When they closed the store at my local area as they always did before a Chinese New Year at the end of 2021, we thought nothing of it. Alas, the store has remained closed since, to the concern of all of us. (They always sold cheaper bananas there .) By mid 2022, when that store still closed with a sign 'for sale' - I asked other local traders about that store's owner. Turned out due to Covid19 and all the troubles resulted from that pandemic, the owner got into debt of a few million dollars which they couldn't pay, so the bank put a foreclosure on that store (and that building). Guess now they can go enjoy their holiday with their only child since they have only one store left (which is far away from where I live). Having too many assets can be a problem I think. --- Thought I should give you this update. Would you like to be so wealthy like that couple in the past? How many businesses in your area got into trouble because of the latest Covid pandemic?