Let’s face it: this year has been a tough one for share investors.
Growth stocks have tumbled in price as the NASDAQ Composite Index enters a bear market, down close to 27% year to date.
Well-known names such as Nike (NYSE: NKE) and Google’s Alphabet (NASDAQ: GOOGL) have declined by 36% and 28%, respectively.
High inflation also threatens to crimp consumer spending as more people tighten their wallets and purses.
In response to runaway inflation, central banks around the world are hiking interest rates sharply.
With borrowing costs rising, companies face a double whammy of reduced demand and higher finance expenses.
Income investors are also feeling worried as the REIT sector gets hit by poor sentiment.
REITs such as Keppel DC REIT (SGX: AJBU) and Elite Commercial REIT (SGX: MXNU) are hitting their 52-week lows.
Faced with such an environment, does it still make sense to adopt a buy-and-hold strategy?...