One of the side effects of being a personal finance blogger is that relatives love asking me for financial advice.
This Chinese New Year, about 20 uncles and aunties asked me “so what’s good to invest in right now?” in between mouthfuls of prawn rolls and bak kwa.
What’s good to invest in “right now”? I have absolutely no idea.
Of course, if you’ve been following cheerfulegg for awhile now, you’d know that I believe stocks are the best assets you could own for the long run, beating anything else you could possibly think of:
- Bonds (can’t beat inflation),
- Gold, commodities (no intrinsic value)
- Insurance endowment plans (do you really wanna fund your financial planner’s new Mercedes?)
- Wild hogs (too smelly)
Trendy Doesn’t Mean Smart
But a “long-run” answer just isn’t interesting to people who’re only interested in “right now.” As a society, we love the concept (Read more...)
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