As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 24 February 2016

The secret to a great retirement?

Singapore Business Review 

Read? The secret to a great retirement?

Portfolios need to be more diversified.

Singaporean investors are too reliant on cash savings to meet their retirement needs. However, a survey by multinational investment corporation Blackrock revealed that this fondness for cash might be the reason why Singaporean investors are failing to meet their targeted returns.

The Global Investor Pulse Survey showed that the average actual cash holding in Singapore is 48%, compared to the ideal cash holding of 36%. Meanwhile, the target annual returns on all savings and investments stands at an ambitious 8.4%.

Such reliance on cash is likely to continue into retirement, with a significant proportion of Singaporeans (38%) planning to hold their savings in cash upon retirement.

“There is a significant gap between current holdings and financial goals, which makes it even more challenging for Singaporeans to generate their target annual investment returns of 8.4%,” said Kevin Hardy, Country Head of Blackrock Singapore.

Additionally, saving money is ranked by 53% of Singaporeans as their top financial priority over growing wealth (50%). Allocation to other asset classes includes equities (18%), property (8%), bonds (5%) and alternatives (3%).


Such reliance on cash is likely to continue into retirement, with a significant proportion of Singaporeans (38%) planning to hold their savings in cash upon retirement.

“With a longer lifespan and rising cost of living, more needs to be done to make savings last through retirement,” Hardy noted.

4 comments:

  1. Right.
    But also CPF's OA, SA, MA, RA or CPF LIFE, rental income, dividend from STOCKS, NTUC supermarket rebate, Life insurance...
    Of course some of the cash only can be released when you cash in.
    But they are real cash growing year to year.

    ReplyDelete
  2. Well, why don't they interview those who are 100% vested in properties or equities how they feel now?

    If I want your cash and hope to sell the assets that I want to offload, of course I'll say too much cash no good ;)

    ReplyDelete
  3. Sorry I am more than 90% in cash now. Of course the question is both which currency and for what purpose? ;)

    ReplyDelete

Related Posts with Thumbnails