By: PanzerGrenadier
30 of you have responded to my poll and revealed your investment asset classes in your portfolios.
Joint Number 1: Bank Savings Accounts (67%)
This is not surprising as all of us will start with a basic savings account and continue to maintain one even as we move the rest of our investible savings into other asset classes. In this time of low interest, 1% savings rate given by Fairprice Plus Savings beats treasury bills and even some fixed deposits over the same tenure!
Joint Number 1: Stocks and Shares (equities) (67%)
Stocks and shares come in joint first as the investment asset class of choice of fivecentstencents readers. Equities while being more complex than fixed deposits and bank savings do offer decent dividend yields for some of the blue chip companies that are in monopolies e.g. Singapore Press Holdings, Singapore Petroleum Company, SMRT etc.
In addition, readers of this blog would be IT savvy and with internet trading platforms being readily available through the internet, it is not surprising that investing in stocks and shares feature so high in ranking for this poll. Read more...