A culture that seeks stability and the lack of proper investment education may be holding some of us back from growing our wealth outside tried and tested investments, says our guest on this week’s Money Talks.
Fixed deposits and government bonds are top choices for Singapore investors. But there are many other opportunities to grow wealth outside these tried and tested vehicles.
But to do this, investor education is critical says Jo-Ann Chia, Asia Fixed Income Senior Portfolio Manager at Nikko Asset Management.Given that they're young, and have a pretty long way in terms of investing or time horizon, I think they can afford to make some mistakes along the way ... But ultimately, I think it's very important to really understand what you're buying into.I believe ... many of these high net worth individuals might be closer to their retirement years ...
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