Shares & Derivatives
Here’s How Much You’d End Up with If You Had Invested S$20,000 in UOB a Decade Ago
By The Smart Investor  •  November 29, 2022
It never fails to amaze me how much wealth we can generate by investing over the long term. Many investors fail to appreciate the power of compounding over long periods. That’s why it’s useful to step back and illustrate this concept with an example. Why is this important, you may ask? Because compounding can allow you to not just build wealth for your retirement, but also generates a stream of passive income through dividends that sustain you through your golden years. Last year, we conducted such a thought experiment with Singapore’s largest bank, DBS Group (SGX: D05). We showed that S$10,000 invested in a reputable bank would have garnered you S$25,688 in a decade. Now, let’s repeat the same exercise with United Overseas Bank Ltd (SGX: U11), or UOB, to illustrate the same principle. An impressive total return Imagine if you had invested S$20,000 of your money in UOB back in November 2012....
Read the full article
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.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance