Market Review and Trends
Weekly recap: Taylornomics and falling fixed deposit rates
By Beansprout  •  March 9, 2024
We find out what falling interest rates may mean for T-bills, Singapore banks and REITs. The news this week was all about Taylor Swift. We also sent our intern down to Stadium to find out how much her fans spent on her tickets. (You can catch the video on our Instagram or Tiktok) Not surprisingly, all of them shared that it was “so worth it”. So as I was doing my usual jog around the Stadium this week, it struck me that every one may view money and wealth differently. And to some, catching their favourite singer live may just be the most priceless experience of a lifetime. If you are looking to grow your wealth to achieve your life goals, you may have realised by now that there is no swift way. Take fixed deposit rates for example. After climbing last year, they have come down in recent months with the best 6-month fixed deposit rate now only at 3.35% p.a. ...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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