It seems that there are more and more Singaporeans turning into investors. There were more than 68,000 new CDP accounts opened in the past 12 months. Apparently, the number of people who now hold securities is at an all time high of 844,000 people. So out of the 5.4 million people in Singapore, at least 15.6% are now investors of sorts.
Now, that’s a good sign as it shows that there is not greater awareness among Singaporeans of the need to plan, save and invest for retirement. Another interesting trend is that more than half the the new CDP accounts were opened by people in their 20s to early 30s. This is also a trend we observe at Dr Wealth as young Singaporeans take a more proactive stance in planning their financials.
This is definitely a good trend and Dr Wealth serves as a one stop financial planning ......