MANY people dream of being able to live off their savings, yet very few follow a strategy that gives them the best odds of reaching such a goal.
Ideally, everyone should invest regularly, for the long term, in diversified portfolios. Here are some ways we could be sabotaging our chances at achieving financial peace of mind, and what to do about it.
In Singapore, 35 per cent of financial wealth sits in cash. Excluding Central Provident Fund (CPF) monies, a whopping 53 per cent of households’ financial wealth is uninvested. This is nearly three times the percentage of wealth Americans hold in cash, and twice that of Australians.
And this is a problem because the average return we get on cash is...
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