Dear readers, last year, I placed some monies in fixed deposits with a humble return of around 1.8% per annum return. These fixed deposits were of just one-year term. Why did I place some monies in fixed deposits last year and why did I choose only one-year fixed deposits?
The answer was simple. I wanted to have my spare liquidity earn some risk-free returns and have these liquidity return to me in the middle of this year as I predicted in 2019 that by now, the stocks markets could have undergone some significant correction.
A year now, while the global stocks markets have not corrected to the level which I predicted, there are now far more volatilities mainly from Covid-19 factored into the global stocks markets. And savings accounts are no longer attractive. Just look at the Aug 2020 Singapore Savings Bonds where the average ten-year return is just 0.93%
I am very confident that the global stocks markets corrections in more than a decade in the making will soon materialize. I am confident that those investors who are like me waiting to make monies when many investors fled will soon be rewarded!
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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