Investing
Avoid this in a rising interest rate environment.
By A Singaporean Stockmarket Investor (ASSI)  •  May 9, 2022
Many say cash is trash because inflation shrinks the value of money. However, in an environment where interest rates are rising rapidly, there is something which is worse than holding cash. At least, we will not have the possibility of negative returns when we hold cash. We will get paltry returns but not negative returns. Possibility of negative returns? Yes, not only possibly but also probably. Alamak! So, what is this terrible instrument of wealth destruction? Long time readers will know where this is going. I am talking about bond funds, of course. If you cannot remember or if you are new, this was what I said a few years ago in an interview with The Fifth Person: ...
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By A Singaporean Stockmarket Investor (ASSI)
AK71 is a 38 years old business manager by profession. He started out using FA 100% in his approach to investments but it's only after learning TA that he realized his approach was incomplete. So, it's FA + TA now. He would like to retire in another few years from now. So, it would be nice to grow his wealth but, ultimately, creating a reliable stream of passive income takes precedence.
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