Will your careers take off in the Year of the Tiger?

新年快乐, 万事如意! 事业有成, 招财进宝! (Happy Lunar New Year and may you be blessed in everything you do! May you be successful in your career and may the riches flow into your house!)

The year 2021 was expected to be one of recovery, as pharmaceutical companies raced to produce and distribute vaccines worldwide. However, it still remained a tough time for businesses and consumers, as some countries cautiously reopened, and economic activity is still in flux.

In Chinese culture, the tiger is a symbol of courage, which might just be the trait everyone needs as the world heads into the third year of COVID-19. According to the 2022 Templeton Global Macro outlook released last December by investment firm Franklin Templeton, Asia is projected to have some of the strongest growth rates in the world this year. Looking ahead, 2022 is likely to predominantly be a pan-Asia story.

Several countries have large current account surpluses, low fiscal deficits, low levels of debt and relatively normalised interest rates compared with the extraordinarily low-to-negative rates across advanced economies.

Additionally, many of the growth drivers in the region are aligned with trending sectors such as pharmaceuticals, digitalisation, big data and high tech, notably in places such as South Korea.

After experiencing economic headwinds from reinstating lockdowns over the summer of 2021 to counter the Delta variant, several countries including Malaysia and Singapore have pivoted towards a policy stance of "living with COVID-19". According to Franklin Templeton, these reopenings can be expected to provide a substantial boost for the domestic economies, as well as external trade. 

Meanwhile, UBS termed 2022 as the "Year of Discovery", predicting a lower usage of some of the tech trends that were most heavily accelerated by the pandemic as individuals return to the "real world". These included eCommerce, telemedicine, and video conferencing. 

Looking further ahead, the net-zero carbon transition and surging technological disruption are proving to be the biggest investment trends of the decade.

According to UBS, this brings opportunity in greentech and sustainable solutions, and in enabling technologies such as AI, big data, and cybersecurity.

Global economy in a weaker position

On the other hand, the International Monetary Fund (IMF) said that the global economy enters 2022 "in a weaker position than previously expected". The spread of the Omicron variant has resulted in countries reimposing mobility restrictions. Rising energy prices and supply disruptions have also led to higher and more broad-based inflation than anticipated, notably in the US and many emerging market and developing economies, the IMF said.

The ongoing retrenchment of China’s real estate sector and slower-than-expected recovery of private consumption also have limited growth prospects. Overall, IMF predicts global growth to be moderate from 5.9% in 2021 to 4.4% in 2022, half a percentage point lower for this year than in the October World Economic Outlook. According to the IMF, this largely reflects forecast markdowns in US and China.

As the region ushers in the Year of the Tiger, here's a look at how this new year will impact you in terms of your career and wealth. The predictions were taken from Yuan Zhong Siu's website, a feng shui company founded by Master Phang.

Tiger (1950, 1962, 1974, 1986, 1998, 2010)

Career: 2.5/5

This year is expected to be a trying and challenging time on the career front. Tigers are advised to earn your stripes by maintaining healthy interpersonal relationships with your colleagues and not stir the hornet's nest. This is to prevent gossip and misunderstandings.

Business owners will face less money-making opportunities. Hence, it is important to plan ahead, especially when decisions are required. Overall, individuals born in the Year of the Tiger should maintain a positive outlook despite the challenges, but at the same time, be wary of associates who might betray you.

Wealth: 1/5

A weakened wealth outlook may cause you to lose money quickly this year. Hence, individuals should avoid high-risk investments and be conservative instead by investing small to limit one's risks. Even so, tigers are encouraged not to lose heart even if they rewards they reap are lower than the efforts they have put in. Individuals should take these experiences as life lessons and turn them into strengths in the future. No matter one's profession, do not take shortcuts or use illegal methods as these will lead to lawsuits and a bad reputation. 

Rabbit (1951, 1963, 1975, 1987, 1999, 2011)

Career: 2/5

The new year is expected to be a tiring year for individuals born in the Year of the Rabbit. Individuals in sales, logistics or the F&B industry can look forward to bountiful returns. Despite the dangling carrots, individuals should be mindful not to overwork and be stressed out. At the same time, they should add value to their careers by taking on self-improvement courses. It is also crucial to have a positive mindset and attitude in 2022.

Wealth: 2/5

Salespeople and business owners can expect enhanced improvement in your finances. Even so, this is not the time to rest on your laurels because the cash will constantly flow in and out of your life. Diversify your income through various money-generating opportunities and be cautious when selecting business partners and making investments. Individuals are also reminded not to put all their eggs into one basket but take smaller nibbles instead and spread your financial portfolio. Expand your networks with them and you might open doors of opportunities in the future.

Dragon (1952, 1964, 1976, 1988, 2000, 2012)

Career: 3/5

Those born in the Year of the Dragon should open their world to new opportunities at work. Anticipate better prospects with change or new responsibilities. Being flexible and adaptable will work to one's advantage, and these traits should be used to uncover one's hidden potential and soar to greater heights. 

The year 2022 is also a favourable one for business owners, who can look forward to profitable prospects. However, instead of embarking on partnerships, seek out money-generating opportunities on your own.

Wealth: 3/5

This are looking up for Dragons this year on the financial front. There could be a possible pay rise in store too. However, Dragons should not overspeculate or be misled by verbal promises. Instead, ensure that your money-related matters are governed by legal provisions and contractual agreements. Employees should focus on their work responsibilities and ensure they have a stable income.

Additionally, Dragons' indirect wealth luck is enhanced this year and could bring you an occasional inflow of money. To reap substantial rewards, Dragons should look into the property and financial sectors. 

Snake (1953, 1965, 1977, 1989, 2001, 2013)

Career: 2/5

Snakes will face a challenging year at the workplace in 2022. Work performance might be impacted and complicated by interpersonal relationships. Hence, Snakes are advised to steer clear of malicious and gossipy individuals. They should also lay low and be patient while maintaining caution at work to avoid being targeted by envious colleagues. 

If you are in business, ensure that you trust the right people and avoid investing in markets to products that they are unfamiliar with to prevent losses. For those in the F&B industry, you can look forward to career breakthroughs and will be rewarded for your efforts too. 

Wealth: 2.5/5

There might be a slight reduction in salary this year for office workers. Snakes should also make careful considerations if you are seeking to buy a property or entering a business venture. Avoid investments to minimise losses and save up for a rainy day. In fact, long-term investments are expected to reap better rewards for those born in the year of the snake.

Horse (1954, 1966, 1978, 1990, 2002, 2014)

Career: 3.5/5

Those born in the Year of the Horse will have many opportunities to showcase their talents. They will benefit from being a team player at work and engaging in positive communication. Focus on your career and not tread on unfamiliar grounds. While business owners might witness higher investment outflow during the first half of 2022, things will improve in the second half. 

Wealth: 4.5/5

Horses should capitalise on money-generating opportunities and consider income-boosting stocks, bonds, and property investments. However, one should still remain humble and refrain from being too free-spirited with your wealth. Business owners should not rest on their laurels but instead, remain focused on their business situations at all times. It is also important for Horses to diversify their money and avoid risky and unfamiliar territories. Being vigilant and handling your wealth well can help increase cash flow.

Goat (1943, 1955, 1967, 1979, 1991, 2003)

Career: 4.5/5

Your career will be on a high, with work plans being executed without any bumps. Goats should seize the right opportunities, especially in a new project, and you will be in line for a promotion and pay raise upon completion. Business owners should look into revamping their business. Once you double down on your brand's marketing initiatives, other favourable opportunities will come your way too.

Wealth: 3.5/5

Your networking abilities will offer you with a stable income and profitable investments. Goats are recommended to learn more about wealth management this year and diversify your investments so you can look forward to reaping profits. However, Goats should refrain from the temptation of greed and remember that large profits are usually coupled with higher risks.

Monkey (1944, 1956, 1968, 1980, 1992, 2004)

Career: 1.5/5

Being proactive will help you climb over any obstacles. Monkeys should not be afraid to seek help from colleagues. While work might be challenging this year, each challenge should be taken head on to avoid shortcuts. Hard work and personal responsibility will also get Monkeys far. If you are a business owner, turn stress into action. Your experiences can become a wealth of knowledge that can be to your advantage in the future. Monkeys should wear bright-coloured outfits and start the new year with a refreshing short-haired look for a more optimistic 2022.

Wealth: 3/5

Monkeys will enjoy a slightly stronger indirect income with profits from investments. However, there are hidden threats along the way, hence, it is crucial to know when to pull the plug on those investments. As soon as you earn profits, make sure to cash out to prevent yourself from losing everything. If you are in business, do not let greed overcome you but instead, focus on stable growth. At the same time, being on familiar territory will be beneficial compared to venturing in to the unknown. 

Rooster (1945, 1957, 1969, 1981, 1993, 2005)

Career: 1/5

With your career at crossroads, it is difficult for you to make a definite decision on what the next move might be. Instead of jumping head-first into a decision, Roosters should look to improve upskill themselves and become a valuable asset no matter where they go. Those born in the Year of the Rooster should also have the courage to face unknown challenges. A new job opportunity, for example, can be a positive change. As for business owners, it is important to tread wisely to avoid misinterpreting situations.

Roosters might encounter individuals who might ruffle your feathers and hinder your decision-making process. In this case, it is crucial to be mindful of one's actions to avoid legal issues. Seek the advice of trusted professionals to prevent financial losses.

Wealth: 2/5

Money is expected to come and go swiftly in 2022. Hence, Roosters should reduce unnecessary expenditure by cutting down on meaningless gatherings and avoid loaning money to anyone. You should also save up for rainy days.

Dog (1946, 1958, 1970, 1982, 1994, 2006)

Career: 3/5

Those born in the Year of the Dog can expect an upward turn and their efforts to be duly rewarded by their superiors. That said, your humility will be your vest virtual and this is still a test of your perseverance and endurance. Dogs should keep a calm mind and refrain from being overly calculative between your effort and reward. This year, business owners should be agile in adapting to the general trends to stand out from competitors. Consider pivoting your business with newer marketing methods or engage the use of AI to accelerate performance and deliver continuous growth.

Wealth: 2.5/5

This is the year when Dogs have to work for their money. You can also expect a stable Year of the Tiger for your finances. Your income will be directly proportionate to the effort you put in. While your direct wealth is predicted to steadily improve, your indirect wealth will be less significant as compared to 2021. There will, however, be a substantial wealth increase if your career involves utilising strong verbal communication skills such as sales, law, consulting, and the service industry. That said, Dogs should still be on guard for unexpected bills so set aside a rainy-day fund in the event of emergencies.

Pig (1947, 1959, 1971, 1983, 1995, 2007)

Career: 2.5/5

This year will be an average one for your career. While there are opportunities to showcase your talents, those born in the Year of the Pig will also encounter some obstacles that could hog your limelight. Take stock of your situation and plan your career path carefully. Reassess your strengths and job scope; there may be a better fit for your abilities. Be open to changes in your job scope or departments. Take up new courses and learn new skills in 2022. Entrepreneurs, don’t limit yourself in decision making, for it will lead to results that might fall below expectations. 

Wealth: 1.5/5

Pigs might encounter cash flow problems in the early half of the year, but the tides will turn in the second half of 2022. Avoid short-term investments as you can incur losses. Your lack of financial knowledge may cause you to suffer financial losses, and this is when you’ll realise the importance of setting up a rainy-day fund and learning how to manage your finances. Take up financial management courses to better protect yourself for the future.

Rat (1948，1960，1972，1984，1996，2008)

Career: 5/5

This is your time to establish connections, gain authority, and grasp opportunities to showcase your talents. Always be on the lookout for prospects and strike while the iron is hot! But remember to stay humble in the face of praise and admiration. If you are self-employed, it is a good time to explore new opportunities or proceed with your expansion plans. Do remain vigilant however, especially when signing new contracts to avoid being cheated.

Wealth: 3.5/5

Financial rewards will come from unexpected places. To have a competition edge, those born in the Year of the Rat should rise to the challenge. While you might enjoy good income, wealth management can also prove to be tricky. Hence, it is crucial to be careful when investing in large amounts and heed the advice of experts to avoid potential cash flow issues. Businesses in the Internet, eCommerce, media, and advertising space are also highly profitable. The year 2022 is lined with many money-making opportunities for resourceful Rats.

Ox (1949, 1961, 1973, 1985, 1997, 2009)

Career: 4/5

Whether you’re a business owner or an employee, you’ll roar in the Tiger Year if you showcase your talents and skills. With the right timing, you will be able to get what you have worked hard for. Your mentors can help you expand your network and pick up new skills. Strengthen your foundation by pursuing management courses. If you are a business owner, tap on the right people with the right skills to build your team and expand your markets. It’s a great year to expand to new revenue streams or open up new markets.

Wealth: 4/5

Those born in the Year of the Ox will enjoy stable income with an enhanced boost in indirect wealth, guided by investment experts. You will also go a long way when you save up extra earnings. If you are a business owner, milk your earnings for all they are worth. With a little extra money, your overall wealth can increase exponentially. Set aside some to expand your business. Remember though, that satisfaction is key. Don’t chomp off more than you can chew. To sustain a positive outlook, avoid getting too greedy about profits, refrain from taking loans, and whatever you do, avoid standing as a guarantor, even for your closest friends.

Photo courtesy: 123RF

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