Takeaways from a challenging 2022
Count your coupons or dividends, avoid permanent loss, and leverage. The silver lining is that bond yields have become much more attractive
Genevieve Cua
IN MY decades-long career as a journalist with The Business Times, I’ve seen many financial crises – sometimes as a rueful investor, but more often from the vantage point of an observer.
I recall covering the 2008 financial crisis. In those bleak times, what stood out was a press conference in which a fund management firm expressed optimism that the crisis would abate. One reporter piped up: “I don’t think so.”
With the benefit of perfect hindsight, the 2008 crisis now seems like a momentary nightmare. At its trough experts evoked a doomsday scenario of prolonged deflation and the United States’ Great Depression of 1929. Fear can be – and is – paralysing.
Copyright SPH Media. All rights reserved.
