As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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"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

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Thursday, 30 January 2014

3 in 10 Singaporeans worry over failing to meet financial goals





According to a new study by Nielsen, almost two-thirds of consumers in Singapore (65%) believe they will achieve all their financial goals for the future. While a significant proportion of those is aware of the need to take a pro-active approach to saving and investing - 50 percent say they will need to closely monitor and adjust investments from time to time in order to best meet their financial expectations – a meagre 15 percent thinks that the current planning efforts will suffice for the future.

Conversely, more than one-third of Singaporean respondents (35%) have no confidence they will meet all their financial goals with either current or modified asset allocations.

“Understanding consumer sentiment on the saving strategies used to fund financial goals provides insight into how consumers are responding to the challenge of ensuring financial security,” said Luca Griseri, Head of Financial Services, Nielsen Singapore and Malaysia.

“As growing numbers of the population enter retirement age in Singapore, there are growing concerns about reliance on government funds to support expenses such as retirement, health care and education.”


The Nielsen Global Survey of Saving and Investment Strategies polled more than 30,000 Interneti respondents in 60 countries to evaluate how consumers around the world are preparing for current and future financial expenses. Nielsen evaluated 16 different saving and investment strategies used to fund a range of 14 long- and short-term financial goals.

Consumers in Indonesia and Philippines were the most financially optimistic in the Southeast Asia region, with 88 percent and 83 percent respectively believing they will achieve all their financial goals for the future.

3 comments:

  1. Create wealth through long-term investing and short-term trading is not so difficult that you can't learn through your own experience.

    After one market cycle, most of us should have learned enough good ideas to survive the next few market cycles to build up our wealth towards our investing goals.


    But, you must be willing to spend some of your spare time reading, reading, and reading; and revising and testing out your own strategies.

    Like it or not. Investing is still a Game of Strategies.






    ReplyDelete
    Replies
    1. Hi Uncle 888

      What about the other 7 in 10 ?

      I fully concur what you say . Investing is a game of strategies and test of discipline.

      Happy New Year and Huat La !

      Delete
    2. The other 7 in 10 like u, me and other regular visitors to this blog?

      Delete

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