The household networth in Singapore has grown at a rate of about 6.5% pa from 1995 to 2021. Compared with the general inflation of about 2-3% pa, we are not too shabby. No wonder property prices keep rising!
How has the asset allocation change over the years as the country becomes even more developed and the population get more aged?
What are some trends we can observe?
Over the years, the allocation to property has been reducing.
Allocation to life insurance has been increasing.
Allocation to CPF has been increasing.
Allocation to currency and deposits has been increasing.
How does your asset allocation compare?...