WE’RE coming to the end of 2023; how has your portfolio fared?
Market-moving events this year may seem to justify staying in the shelter of cash. War is ongoing – in Ukraine and now in the Middle East. US Federal Reserve chairman Jerome Powell’s rhetoric remains hawkish. Powell said the Fed “will not hesitate” to raise the federal funds rate again, and that progress in slowing price stability is “not assured”.
Fixed deposit (FD) rates also remain relatively high. Why take risk when a US dollar deposit for six to 12 months could earn more than 5 per cent a year? Singapore dollar FD rates range between 2.7 and 3.6 per cent for terms of six to 12 months.
But here’s the thing. While...
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