As we live longer, yield-fixated investors need to watch out for inflation
To build a resilient portfolio that hedges against inflation, one will need to temper the emphasis on yield by going for some growth
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SINGAPOREANS are living longer. Within a 5-year period, the number of Singapore residents aged 90 and over rose by 38 per cent from 15,157 in 2016 to 20,875 in 2020. Over a decade, the number of those aged 90 and over was up 84 per cent from 11,366 in 2011. In 2021, there were 22,090 residents aged 90 and over, up a further 6 per cent year on year.
While we cheer medical advances and healthier lifestyles, living longer poses the challenge of having sufficient passive income to fund one's lifestyle.
This challenge is exacerbated by an environment of low interest rates. Putting monies in Singapore dollar fixed deposit for a period of 24 months may earn an annual interest rate of less than 1 per cent.
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