Hugh Chung

The reason people struggle to beat the CPF Ordinary Account's 2.5% interest rate is typically because of human emotions and high costs.
SCIENCE OF WEALTH

Why not investing your CPF savings could be a greater risk

The real value of balances in the Ordinary Account has struggled to keep pace with the rising cost of living

A US recession and/or a deterioration of labour markets, both of which are inherently disinflationary, could allow the Fed to cut rates more proactively.
SCIENCE OF WEALTH

Perspectives on the Fed rate cut, gold and the US dollar

Instead of chasing the latest investment trend, focus on generating stable and less-volatile returns with a diversified portfolio that is appropriate for your risk appetite

As the Straits Times Index touches new highs, investors wonder if the current rally has legs.
SCIENCE OF WEALTH

Will the Singapore stock market continue to outperform?

The Straits Times Index has underperformed some markets such as South Korea, China and Hong Kong this year but still remains one of the best performers

The S&P 500 has registered a peak-to-trough fall of 18.8 per cent in 2025. But it now stands at a historic high, and has generated a positive 7.5 per cent return for the year.
SCIENCE OF WEALTH

Why markets keep rising

The continued growth in companies’ sales and earnings is driven by the ever-increasing number of people who use their goods and services, plus the inflationary nature of price, money and economic syst...

Investing in private assets can help diversify portfolios, lower volatility and improve systemic returns.
SCIENCE OF WEALTH

Enhancing portfolios with private-market assets

The Yale model, or the endowment model of asset allocation and investing, has a heavy equity bias over fixed income and commodities

Investing is not just about numbers; it is also about psychology and behaviour.
SCIENCE OF WEALTH

Why ignoring diversification could cost you in the future

A diversified portfolio is the only effective way to minimise the risk of concentrated bets and to ensure participation in global opportunities

In the past four years, average inflation in Singapore has risen by 3.9 per cent a year, higher than the nominal interest rate of 2.5 per cent earned by the CPF Ordinary Account.
SCIENCE OF WEALTH

Why you should invest your CPF savings

Over many decades, there is a 100 per cent chance that inflation will eat into your purchasing power

The US presidential election is a toss-up between Donald Trump (left) and Kamala Harris, and for markets, may not make a meaningful difference to returns in the long run.
SCIENCE OF WEALTH

Should investors care about who wins the US election?

The future is anybody’s guess; relying on time-tested investing principles that have demonstrated resilience is a better strategy

As the Federal Reserve begins to reduce interest rates in September, a record US$6 trillion in money market funds may seek a new home for higher returns.
SCIENCE OF WEALTH

Past rate-cut cycles offer clues to potential asset-class returns

The Fed cut signals that other nations may embark on a fresh set of rate cuts

Gold has a special place in investors' hearts, but because it does not earn a yield, it is hard to figure out its intrinsic value.
SCIENCE OF WEALTH

Tempted by ‘safe’ assets in times of uncertainty? Think again

Downside protection using so-called safe-haven assets has been far from consistent, a study has found