You must be invested in China and Asia Pacific equities. If you invested in US equities, you will be easily make more than 80% growth from the time you invest your money.
Having too much cash is the worst mistake, ever. People are fearful of losing money, but they don't know that not having enough when you need it most when you're old and gray is far worst.
Sorry, I think this does not applies to everyone. It really depends on each individual. I've known elder people who avoided stocks, unit trust, ETFs and keep on saving into their CPF, maxing it out the annual cap, nothing else. Most importantly, they did not withdraw at all, hence did not disrupt the compounding effect. They now have ten million plus after many years of saving due to compounding at around age 70. Some prefer to play it safe, some prefer to take risk, it all depends on individual wants and needs in life.
Your risk tolerance depends on your investment timeline. The longer it will be until you need your investment, the more risk you can assume. An emergency fund that could be needed at any time, should be only in a savings account
I do not understand. Saving too much can never be a mistake in my opinion. When you need money for emergency you have it readily in your savings. The more you save the better you are financially. Investment is always with risks. You can fight inflation with assets, buying property. However, it also depends on the type of property and the projection of appreciation.
This is a highly irresponsible video imo. You're allowing these fund managers a free platform on a news channel. This is not journalism. The outcome will be that some people are swayed by the scare tactics and lopsided advice, instead of knowing their own risk level and comfort and acting accordingly. Again, this is a highly irresponsible video on a national news channel.
Those selling investments will tell you that - can't blame them, that's their income. We will have to judge for ourselves whether to listen to their sales pitch - no venture, no gain as some will say.
Very true. Not everyone makes money from investments. In my early 20s I had a nice inheritance given to me and there was so much hype about investing in stocks and many financial advisors told me I am in a position to take big risks well all it took was one mistake and I lost hundreds of thousands of dollars in a blink of an eye wiping out most of my wealth. I was left traumatized and sticked to money markets while i aggressively saved. I am in my early 30s now and have been able to save over $300k in cash without the help of stocks or investing. I might reconsider with a more different approach to mitigate the wrong type of risks but with money markets paying high interest I make a little over $1,000 a month which is more than enough to cover most of my expenses since I don’t really spend much anyway and even with inflation the amount of interest I receive is more than enough to cover for it. So I’m just able to save more of my salary.
Investments are the way to go but I definitely understand if those who choose to just save their cash are just not comfortable giving control of their money to strangers.
Well, this applies when you are saving too much by not buying essentials and ending up wasting your time or worsening your health. For example, I refused to buy a humidifier during winter. That winter dryness affected my eye sight and now I have to wear glasses plus use eye drops. Had I spent some money back then, I won't be spending so much money now. All this talk about investment accounts, savings etc. sound good but hard to manage when you don't have a lot of money. Not to mention how evil financial institutes can be.
sorry did you think your grand or great grand father or ancestors didnt worry about money? they worried about money because they didnt know if tomorrow they could afford a meal. the fact that you can comment this on a website sitting down in comfort while snacking on mcdonalds. just appreciate your life man
@@NikkuJaga Take a chill pill and relax. It's just a comment for thought and there is no need to be aggressive and make personal attacks or judgement on someone who you do not know.
Anyone who have lived through a serious financial crisis or a war will tell you 12 months is not enough. All these advise are mostly from so called experts who have never lived through the experience of a period of extreme instability or war. When you disastrously start to loose love ones, you'll know you don't save enough. Even when you try to escape to a much more stable nation, a 12 months savings don't cut it. The experts are just stuck in their consuming life styles and ignore the mind blowing hyperinflation that comes with widespread crisis and devastation. Then, there is the elements of scam and crime that will deplete your savings as everyone trying to scavenge to survive. This is based on real experience and not some hypothetical projections by experts who do not know what they are talking about.
@@Raluger3152 There was no reason for him to want to sound smart, and there is no reason for you to insult a stranger for that, or show anybody that you know more about the topic than them. You puzzle me.
In a scenario like the one described, is it not still preferable to own assets rather than having 12 months of cash sitting in the bank? What is the bank went under.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Dorian j Townsend. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I’m 49 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify.
I like how people making investing sound like MSW. Bao jiak!! Inflation is SO SCARY!! Must invest!! DCA into SPY or VWRA and you will be set for life. If only investing was this easy. How bad Is losing 2%..3% a year as compared to the potential of unlimited lost to your capital?
@@ybbolb Very minimal, if you hold a responsible diverifised portfolio over 20 to 30 years. The suggestion here is to buy investments such as S&P500 or MSCI World. These are the gold standard. There are very very few rolling 20 years periods where you make a loss on them
Put the money in a better savings account like FD or SSB. Investment has no capital protection after all. Yes, your capital gains can be exponential but so are your losses.
I done my hmework n invest with my excess cpf oa n cash on quality counters like DBS, keppel corp, Mpact n keppel reit . Good dividend yield n capital gain when price surge up . Last yr till now , 6 mths T-bills are safe bet . Few mths ago , i buy 3 tranches of SSB . Not buy T-bills n Ssb anymore . Consolidate my Duit n wait if DBS drop below $31 prior buy some more . Rate likely 2 come down from Sep to next yr .😊
Pure cash is eaten by inflation year after year. Cash is only "king" if you have enough of it to put into assets at the right price to beat inflation, and you have more than enough of it compared to your expenses without working full time.
No, the king is Gold. Even if you have been compounding that cash for many years if you're Government F you're country up by hyper inflation then no matter how many billions of cash you have if the price of bread is 1 million when 30 years ago it was 1000 cash then everything is worthless. But if you have Gold then you will be KING.
CNA you have to reconsider the music you use as background to serious issues, like this report….. your signature light, playful themes, are not appropriate.
Halo, we still need emergency funds, savings, expenses bank account, not only investing. Investing is good but like an add-on after we settled and have enough allocated to the basic ones mentioned above
Investment might be a great idea but what if it’s someone like me? Terminally ill without knowing how long more I can be alive (it can be long or short). Do I have time to wait it out for the investment to make me enough? Will I have enough to sustain while I am jobless now with no one wanted to hire because of my condition? No other income source from anywhere else with 2 teenager who’s still in secondary school? It’s not people who doesn’t want to invest, sometimes condition really doesn’t allow
She isn’t right. Too diversified would also mean the average return is not that fantastic thus why all these troubles but Juz leave your money with TBill then
I'm earning $250 bonus interest monthly from my saving account for just maintaining the Monthly Average Balance (MAB). Will i get better return than $250 if I invest my saving else where?
Nope. First thing first, the only thing that matters is hard cold cash. Don’t bother talking about diversification until you have a substantial amount of money. 4% of 10k is $400, but you need that 10k more than that 400. There is no point if you lock in your 10k for 400.
If you invest in a S&P 500 etf, at the start of the year, your chances of having a positive year is 70%. Over a rolling 10 year period, your chances of returning a positive return is 100%.
@@belle1279 start by taking courses or attending webinars, get to know how it works, what brokerages to apply, how to place order etc. Then take a dollar cost averaging method.
Our $100 would likely become about $30 in 30 years if annual inflation averages 4% if we don’t invest above 4%. Singapore’s inflation was 2.3% in 2021, 6.12% in 2022, 4.8% in 2023. Due to compounding effect of inflation, that means that if we have $100, in just 3 years your money becomes $87.32 due to inflation from 2021 to 2023. Unless one invests for the long term, one’s chances of preventing this negative effect is almost zero over the same period. There are inflation calculators available to verify these figures.
The advice are very theoretical based that’s stated all over the internet. Such that it does not reflects and analyse the theoretical VS reality today. Does it make any sense?
Money is just an earthly essential Don't need to become so obsessed with it Watch out for all kinds of Greed!! A person's life Does not consist of the abundance of possessions!!
Put in insurance with US dollars at minimum premium to help my fren for her quota fulfilment.😊 after 20 years, dollar slipped and only earn US 3,000 only. Depends if you are high risk taker like Temasek 😂
Cue to property agent in next video saying you are losing money by not taking up loan to buy 2nd property. Good for you if you earned money through various investments but many others have lost money as well.
Nice try government. I'm keeping my hard earned cash, thanks. 30% is incredibly unrealistic in today's market. Even staying at home 99% of the time will cost more than that because of rent.
Too many haters here. Like with any financial video, take what is applicable to you. I don't see this much haters in thousands of videos who say the same 6 to 12 months' worth of expenses for an emergency fund. Don't have that much money to invest? Make it your goal. Literally most financial advice will tell you that diversifying portfolio is smart unless you are a retiree or would need a lump sum soon then you might wanna tone down the high risk portion. People are such aholes.
Investments also no guarantee of earning. U might lose too. No investments is 100%. They want u to invest so they can earn. Like govt want u to spend so economy can keep going. If all save, they cannot earn, economy does nt move. I am one step higher than them. 😂
Yes I listen to all this bs in 2020 I put my investment in unit trust and my investment now shrink 40%
let those hor fun manager touch your money ,its good as gone.
LoL😂
You must be invested in China and Asia Pacific equities. If you invested in US equities, you will be easily make more than 80% growth from the time you invest your money.
If you didn’t make any money between 2021 - 2024 in the US, you really should cash your investment and put it under the mattress.
Having too much cash is the worst mistake, ever.
People are fearful of losing money, but they don't know that not having enough when you need it most when you're old and gray is far worst.
Cash is King
@@limrosemary8536 wrong, cash produces nothing and loses its value over time
Sorry, I think this does not applies to everyone. It really depends on each individual. I've known elder people who avoided stocks, unit trust, ETFs and keep on saving into their CPF, maxing it out the annual cap, nothing else. Most importantly, they did not withdraw at all, hence did not disrupt the compounding effect. They now have ten million plus after many years of saving due to compounding at around age 70. Some prefer to play it safe, some prefer to take risk, it all depends on individual wants and needs in life.
Given that Inflation also compounds wouldn’t they have been losing money in real terms?
I feel that the summary at 05:18 can still pare up with your opinion. I'll let you work through the matching though
10 million 😂 in cpf and ETFs..
@@gabrielchan4420 not cpf and ETFs. only cpf.
@@gabrielchan442010mil in ETFs such as VT or VOO is very possible given the growth over the last decade. Not very sure about 10mil in CPF
And then they always list this. "Investment products are subject to investment risks, including the possible loss of the principal amount invested."
Or, you can play it safe and remain at a job and be just surviving. People who depend on a job are slaves.
@@darrylloo4080 Didn't know Satya Nadella, Kuan Moon Yuen, Lawrence Wong are all slaves.
Your risk tolerance depends on your investment timeline. The longer it will be until you need your investment, the more risk you can assume. An emergency fund that could be needed at any time, should be only in a savings account
I do not understand. Saving too much can never be a mistake in my opinion. When you need money for emergency you have it readily in your savings. The more you save the better you are financially. Investment is always with risks. You can fight inflation with assets, buying property. However, it also depends on the type of property and the projection of appreciation.
Actually property is also a form of investment. I think it doesn't have to be equities, etc.
You would be surprised how much money your avg US consumer have in a standard checking account earning less than 1% interest
This is a highly irresponsible video imo. You're allowing these fund managers a free platform on a news channel. This is not journalism.
The outcome will be that some people are swayed by the scare tactics and lopsided advice, instead of knowing their own risk level and comfort and acting accordingly.
Again, this is a highly irresponsible video on a national news channel.
Those selling investments will tell you that - can't blame them, that's their income. We will have to judge for ourselves whether to listen to their sales pitch - no venture, no gain as some will say.
Fully agreed. They will try to push products to you
@@myronlee8691 - It's their job to convince people to buy. Unless there's mis-selling (difficult to prove nowadays), the risk is on the investors.
Very true. Not everyone makes money from investments. In my early 20s I had a nice inheritance given to me and there was so much hype about investing in stocks and many financial advisors told me I am in a position to take big risks well all it took was one mistake and I lost hundreds of thousands of dollars in a blink of an eye wiping out most of my wealth. I was left traumatized and sticked to money markets while i aggressively saved. I am in my early 30s now and have been able to save over $300k in cash without the help of stocks or investing. I might reconsider with a more different approach to mitigate the wrong type of risks but with money markets paying high interest I make a little over $1,000 a month which is more than enough to cover most of my expenses since I don’t really spend much anyway and even with inflation the amount of interest I receive is more than enough to cover for it. So I’m just able to save more of my salary.
@@jon6309 - One of the few who managed to get back on their feet.
Others fell into depression with a broken spirit.
Investments are the way to go but I definitely understand if those who choose to just save their cash are just not comfortable giving control of their money to strangers.
Well, this applies when you are saving too much by not buying essentials and ending up wasting your time or worsening your health. For example, I refused to buy a humidifier during winter. That winter dryness affected my eye sight and now I have to wear glasses plus use eye drops. Had I spent some money back then, I won't be spending so much money now.
All this talk about investment accounts, savings etc. sound good but hard to manage when you don't have a lot of money. Not to mention how evil financial institutes can be.
Living in a world where we are constantly worrying about money for most of our lifetimes.
It feels like a norm now
sorry did you think your grand or great grand father or ancestors didnt worry about money? they worried about money because they didnt know if tomorrow they could afford a meal. the fact that you can comment this on a website sitting down in comfort while snacking on mcdonalds. just appreciate your life man
@@NikkuJaga Take a chill pill and relax. It's just a comment for thought and there is no need to be aggressive and make personal attacks or judgement on someone who you do not know.
1914 and 1945, people did not even know they would be alive in the next few weeks.
And also, don't forget 1929 great depression
Anyone who have lived through a serious financial crisis or a war will tell you 12 months is not enough. All these advise are mostly from so called experts who have never lived through the experience of a period of extreme instability or war. When you disastrously start to loose love ones, you'll know you don't save enough. Even when you try to escape to a much more stable nation, a 12 months savings don't cut it. The experts are just stuck in their consuming life styles and ignore the mind blowing hyperinflation that comes with widespread crisis and devastation. Then, there is the elements of scam and crime that will deplete your savings as everyone trying to scavenge to survive.
This is based on real experience and not some hypothetical projections by experts who do not know what they are talking about.
Agree. I think for an average person, we should be looking at 12-18 months instead.
Hyperinflation? Lmao, please learn the meaning of your words before you use them, instead of just throwing big words out to sound smart.
@@Raluger3152 There was no reason for him to want to sound smart, and there is no reason for you to insult a stranger for that, or show anybody that you know more about the topic than them. You puzzle me.
Totally agree
In a scenario like the one described, is it not still preferable to own assets rather than having 12 months of cash sitting in the bank? What is the bank went under.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Dorian j Townsend. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I’m 49 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify.
Dorianjtownsend 💯
she's mostly on Telegrams, with the user name.
Investment in mutual funds yield barely 6% per year and not guaranteed of course, I'm saving in fixed-term savings account with 12% interest rate.
Shocker, investment company peddling investment FOMO. Can you do better than USD deposit rate lol?
I like how people making investing sound like MSW. Bao jiak!! Inflation is SO SCARY!! Must invest!! DCA into SPY or VWRA and you will be set for life. If only investing was this easy. How bad Is losing 2%..3% a year as compared to the potential of unlimited lost to your capital?
Quite bad. If you put your money in 0.05% interest bank account and inflation is 3%, you lose half your money in 23 years to inflation
@@John_Smith_86 wwwooo..It's always all these big scary numbers. What about the potential lost on an investment?
@@ybbolb Very minimal, if you hold a responsible diverifised portfolio over 20 to 30 years. The suggestion here is to buy investments such as S&P500 or MSCI World. These are the gold standard. There are very very few rolling 20 years periods where you make a loss on them
The problem is inflation is more than 2% YoY, at least it's at 10-15% YoY in Singapore, and about 20-30% YoY in other country in SEA....
Put the money in a better savings account like FD or SSB. Investment has no capital protection after all. Yes, your capital gains can be exponential but so are your losses.
You must have a crystal clear mind to differentiate between Investment or Speculation. Normal laymen and many professionals just don't get it correct.
Savings on FD or Money market fund on top of your retirement fund, you good to go as long as you have medical card and insurance
I done my hmework n invest with my excess cpf oa n cash on quality counters like DBS, keppel corp, Mpact n keppel reit . Good dividend yield n capital gain when price surge up . Last yr till now , 6 mths T-bills are safe bet . Few mths ago , i buy 3 tranches of SSB . Not buy T-bills n Ssb anymore . Consolidate my Duit n wait if DBS drop below $31 prior buy some more . Rate likely 2 come down from Sep to next yr .😊
Cash is still king in this bad times.
Pure cash is eaten by inflation year after year.
Cash is only "king" if you have enough of it to put into assets at the right price to beat inflation, and you have more than enough of it compared to your expenses without working full time.
No, the king is Gold. Even if you have been compounding that cash for many years if you're Government F you're country up by hyper inflation then no matter how many billions of cash you have if the price of bread is 1 million when 30 years ago it was 1000 cash then everything is worthless. But if you have Gold then you will be KING.
In bad times gold is the most favorable since it can hedge against inflation.
CNA you have to reconsider the music you use as background to serious issues, like this report….. your signature light, playful themes, are not appropriate.
Halo, we still need emergency funds, savings, expenses bank account, not only investing. Investing is good but like an add-on after we settled and have enough allocated to the basic ones mentioned above
Investment carries risk too. Unless you know what you are doing, don't invest blindly
Singaporean are well protected with solid property assets. So don’t worry too much about
Love it when reporter teaches us how to invest.. haha… too long no recession…
Investment might be a great idea but what if it’s someone like me? Terminally ill without knowing how long more I can be alive (it can be long or short). Do I have time to wait it out for the investment to make me enough? Will I have enough to sustain while I am jobless now with no one wanted to hire because of my condition? No other income source from anywhere else with 2 teenager who’s still in secondary school?
It’s not people who doesn’t want to invest, sometimes condition really doesn’t allow
Too late for you, right? The advice is to start saving when you start working, not when you are already sooo old
@@John_Smith_86 yeah, thank goodness I have the habit of savings and reserved. Or else, I would choose death over living
@@ynot6627 Then no problem loh!
She isn’t right. Too diversified would also mean the average return is not that fantastic thus why all these troubles but Juz leave your money with TBill then
I had been doing this and saw my earnings drop recently. Will you push for hedging out through lower T bill interests?
the basic theory of opportunity cost
Real estate has been really the safest investment
Worst mistake, in my opinion, is trusting the government, banks, and corporations with your hard-earned money.
This is an ad, not a news item or even a helpful video. Some sort of warning about investments at the start of the video should have been provided.
😢30 percent - I will end up having to starve - I only save 10 percent and 20 is already deducted by CPF
I'm earning $250 bonus interest monthly from my saving account for just maintaining the Monthly Average Balance (MAB). Will i get better return than $250 if I invest my saving else where?
Remember the unit trust??? 2007-2008 Half CPF gone, or all these people who talk not even started working yet?
if you feel deprived or people are calling you a cheapskate you can probably ease up a little and spend a little for enjoyment today
Yes, cash is king in today’s context. Also there are too many scams around investment especially cryptocurrencies.
Nope. First thing first, the only thing that matters is hard cold cash.
Don’t bother talking about diversification until you have a substantial amount of money.
4% of 10k is $400, but you need that 10k more than that 400. There is no point if you lock in your 10k for 400.
Congrats to those who have been accumulating gold.
My parents would disagree with the advice given, because it didn’t end up very well for them.
If you invest in a S&P 500 etf, at the start of the year, your chances of having a positive year is 70%. Over a rolling 10 year period, your chances of returning a positive return is 100%.
interesting insight. but i missed the opening already, when would be a good timing to enter then?
@@belle1279 start by taking courses or attending webinars, get to know how it works, what brokerages to apply, how to place order etc. Then take a dollar cost averaging method.
Our $100 would likely become about $30 in 30 years if annual inflation averages 4% if we don’t invest above 4%. Singapore’s inflation was 2.3% in 2021, 6.12% in 2022, 4.8% in 2023. Due to compounding effect of inflation, that means that if we have $100, in just 3 years your money becomes $87.32 due to inflation from 2021 to 2023. Unless one invests for the long term, one’s chances of preventing this negative effect is almost zero over the same period. There are inflation calculators available to verify these figures.
The advice are very theoretical based that’s stated all over the internet. Such that it does not reflects and analyse the theoretical VS reality today. Does it make any sense?
Investing is like gambling. It's risky. If you are willing to risk go for it but if youre not then just go save it.
You're saving too much if you worry about RMD and means testing at retirement.
Money is just an earthly essential
Don't need to become so obsessed with it
Watch out for all kinds of Greed!!
A person's life Does not consist of the abundance of possessions!!
must be a balance life. god will help those who help themselves.
Put in insurance with US dollars at minimum premium to help my fren for her quota fulfilment.😊 after 20 years, dollar slipped and only earn US 3,000 only. Depends if you are high risk taker like Temasek 😂
Cue to property agent in next video saying you are losing money by not taking up loan to buy 2nd property. Good for you if you earned money through various investments but many others have lost money as well.
The outcome fr my investment is worse than my FD return 😂 I know I am not good at it
Nice try government. I'm keeping my hard earned cash, thanks.
30% is incredibly unrealistic in today's market. Even staying at home 99% of the time will cost more than that because of rent.
higher rewards higher risks.
Save assets. Dont save currencies.
Global securities is the way to go to
But there are no attractive assets to invest in
Take the investment in your own hands!! Open a trading account and buy the etf of your choice on a monthly basis!!! Don’t farm it out to anyone!!! 😂😂
The Ukraine war has lasted 3 years.
Savings have to last for at least this long.
Are they millionaire ??
Too many haters here. Like with any financial video, take what is applicable to you. I don't see this much haters in thousands of videos who say the same 6 to 12 months' worth of expenses for an emergency fund. Don't have that much money to invest? Make it your goal. Literally most financial advice will tell you that diversifying portfolio is smart unless you are a retiree or would need a lump sum soon then you might wanna tone down the high risk portion. People are such aholes.
While intentions are good, such advice is generic. Make your own judgement
Singaporean's English accent is so funny. They are like saying "ching ch0ng ling l0ng" while speaking English lol.
Wow your accent must sound melodious? Such a racist comment
@@tzanckmen459 It's not racist if I'm just saying the truth.
Truth hurts, I guess.
Investing?
Most of us are either gambling or just losing money outright. Almost nobody on the street makes money from ‘investing’…
some "'invest'' heavily on 4D.so long do not borrow to invest.
Words from a typical FP...
Investments also no guarantee of earning. U might lose too. No investments is 100%. They want u to invest so they can earn. Like govt want u to spend so economy can keep going. If all save, they cannot earn, economy does nt move. I am one step higher than them. 😂
Investing is a game where you win some and will also lose some. No one wins all the time and not everyone can eventually be rich like Warren Buffett.