The Sunday Times have a good article written by Mr Goh Eng Yeow sharing his examples of how folks like you and me, the millennial, where everything seem to be expensive, can find a low risk way to keep up with inflation.
He shares his example of his early purchase of SBS shares and how you can invest in STI ETF to a similar effect:
When I started working in 1986, I had the good fortune of buying 1,000 Singapore Bus Service shares, which cost $3,000 and gave me a concessionary monthly bus travel pass.
I kept the shares, which have multiplied through various issues and stock splits into 16,040 ComfortDelGro shares and 1,200 SBS Transit shares worth a total of $41,000. That gave me a total return of 1,260 per cent over a 28-year period.
When you are working or talking with friends, you frequently hear bombastic figures like ...
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