Pim van Vliet

Between 1900 and 2024 using US data, inflation averaged 3% a year. This means US$1 eroded to less than four cents, a loss of more than 96% in purchasing power.
INSIGHTS FROM CFA SOCIETY SINGAPORE

No safe assets over the long run – but some lose less than others

History suggests the best protection comes from diversified investing, including a meaningful allocation to steady stocks

An emphasis on relative performance makes defensive strategies less appealing against an increasingly concentrated benchmark, as seen in the ongoing US tech rally.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Invest smarter – escape the benchmark trap

Focus on fundamentals and essential risks to unlock hidden value and achieve long-term performance