StockTalk (5.11): Rising Living Costs Dampen Confidence in Economic Recovery - How are Singaporeans Responding with Their Investments?
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StockTalk (5.11): Rising Living Costs Dampen Confidence in Economic Recovery - How are Singaporeans Responding with Their Investments?
According to the latest survey from the Endowus Wealth Insights Report 2023, inflation and rising living expenses are the top financial concern among all age groups of respondents in Singapore. 86% of those surveyed expressed "no confidence at all" in economic recovery, with just 47% feeling confident in their retirement savings. This has prompted many Singaporeans to reconsider their investment strategies, with 1/3 expressing an interest in investing more this year to prepare for retirement. Over 60% of respondents believe that high inflation is eroding their savings, leading them to plan more investments.
The lack of confidence in economic recovery also makes Singaporeans more cautious when investing. When asked about their risk appetite, less than half (41%) of Singaporeans said they were willing to take some risks to grow their capital.
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ZnWC : Choose safe investment because I forsee a recession coming with soft landing. The risk is how long will it stays and will the economy turns into stagflation.
But I may add some higher risk investment into my portfolio such as value stocks or ETF like medicine and artificial intelligence for long position. Last dividend stock is also a good choice.
In conclusion, diversify my portfolio based on liquidity risk. I take long position and don't leverage or short sell.
GodSpeed289 : Pricing increases are here to stay. Using inflation as a backdrop, the current inflation rate is at 5.5% and is expected to be 4.50% by the end of this quarter. In the long-term, the Singapore Inflation Rate is projected to trend around 3.50% in 2024 and 3.40% in 2025, according to econometric models. Playing conservative, focusing on fixed income assets like Singapore treasury bill, SSB, and MMF will create a stable investment portfolio. Having a high yield saving account with above 4% interest can be a good option as well. Investing in defensive stocks can help to reduce the risk of losses with current market volatility. Since property prices are rising, investment in REITS will be appreciated. Such investment should soften the stubborn inflation impact, especially with recession around the corner.