Publication Type
News Article
Version
publishedVersion
Publication Date
12-2011
Abstract
Every one of us has financial goals but not many of us know how to go about achieving them. We often lack investment knowledge or expertise to design an investment plan that optimises our savings. Consequently, we adopt the default approach of leaving all our savings in bank deposits. By doing so, we have already made an asset allocation decision, one that is very conservative. Over time, we soon realise that this conservative investment plan is simply not working as our savings are not compounding fast enough to keep up with inflation. We need to invest more wisely so that our savings earn sufficient returns to pay for grocery bills, holiday trips, as well as our retirement.
Discipline
Finance and Financial Management | Portfolio and Security Analysis
Research Areas
Finance
Publication
Today
First Page
32
Last Page
32
ISSN
7237-4163
Publisher
Singapore Mediacorp Press
Citation
KOH, Benedict.
Charting your Financial Goals. (2011). Today. 32-32.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/3207
Copyright Owner and License
Singapore Mediacorp Press
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://www.todayonline.com/Commentary/EDC111203-0000040/Charting-your-financial-goals