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4 Dependable Stocks You Can Scoop Up for Your CPF Investment Account
By The Smart Investor  •  May 26, 2022
There’s an economic storm looming as Prime Minister Lee Hsien Loong warned of an impending recession that may hit Singapore in the next two years. Investors have also been buffeted by rising interest rates and soaring inflation that’s hitting a decade-high. The solution to these worries? Look for safe-haven stocks where you can park your money and enjoy a good night’s sleep. Your CPF account is an almost risk-free place where you can squirrel away some cash to earn an interest of 2.5%. However, if you’re looking for better returns, the CPF Investment Account (IA) is a place where you can purchase safe and dependable stocks that can tide you through a downturn. Raffles Medical Group Ltd (SGX: BSL) Raffles Medical Group Ltd, or RMG, is an integrated healthcare provider with a comprehensive range of services ranging from primary to tertiary care. The group operates three hospitals and over 100 multi-disciplinary clinics and is present in 14 cities within five countries....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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