By: Wilfred Ling Had a few conversations with my clients who took up investment this year and all of them had the same complain: why their returns either just broke even or had even slight losses? I did some computation and this is what I found:

I computed the return of the MSCI AC World Free Net in SGD terms. In this computation I calculated the return as at 23 Nov 2007 if an hypothetical investor would to invest at the various points at the end of the month.

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