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Four Things to Build As We Ride This Downturn
By Sethisfy  •  May 28, 2022
Markets have been falling for some time now, and it’s been a while since things went this direction this hard. Perhaps you are feeling the heat and emotional turmoil from your portfolio going into the red, or maybe you’re someone who hasn’t even started investing yet: what can we do when financial markets go down? I have some thoughts on what we can do for this downturn, and for the next one, as well as the one after next. Build a buyer’s mindset If you’re reading this site, chances are you are relatively similar in profile to me: you’re still working towards retirement and love a good deal or two. If so, building a buyer’s mindset shouldn’t be too difficult. As people with some time away from our retirement, our priority should be to accumulate assets such that we have enough to retire on. We are buyers, and falling prices are discounts....
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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