For many years, my wife invested her savings in fixed deposits to earn interest rate at around 4%. When interest rate dropped, she was asked by the bank to invest in various types of special investment products and funds. Like countless other people, she had a bad experience with most of these investments.
During the past two years, she has been investing her savings into the combined fund from NTUC Income.
Recently, she found to her delight and surprise, that the investments had gained $40,000. She had never enjoyed this type of gain (must be more than 15%) on her other types of investments over the years.
Lesson:
1. Do not invest in structured or guaranteed products
2. Take the investment risk, but invest for many years (to average out the good and bad years)
3. Invest in a large, well diversified fund
4. Invest in a fund with low fees (and keep most of the gains for yourself)
5. Invest with NTUC Income
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