Did you know, by putting all your money into the bank, you will be losing a huge sum of it due to inflation?

Here’s a quick calculation:

For example, Singapore’s inflation rate is around 2%, while the average bank gives you a 0.05% interest rate. If you have $100,000 in your bank, you will be losing $1,500 a year, just from inflation!

Convinced to put your money elsewhere? Here are some alternatives for you to consider:

Here’s How You Can Kickstart Your Investment Journey Doing nothing and leaving your money in the bank is UNWISE as inflation eats away at your savings at almost 2.0% a year. Consider passive investment options with long time horizons (like ETFs, bonds, and unit trusts) Set up a simple regular investment plan, and set aside a sum of money for investing. Understand that it is highly unlikely that you will lose a...