Charting your Financial Goals
Every one of us has financial goals but not many of us know how to go about achieving them. We often lack investment knowledge or expertise to design an investment plan that optimises our savings. Consequently, we adopt the default approach of leaving all our savings in bank deposits. By doing so, w...
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Institutional Knowledge at Singapore Management University
2011
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sg-smu-ink.lkcsb_research-42062018-08-13T07:57:09Z Charting your Financial Goals KOH, Benedict Every one of us has financial goals but not many of us know how to go about achieving them. We often lack investment knowledge or expertise to design an investment plan that optimises our savings. Consequently, we adopt the default approach of leaving all our savings in bank deposits. By doing so, we have already made an asset allocation decision, one that is very conservative. Over time, we soon realise that this conservative investment plan is simply not working as our savings are not compounding fast enough to keep up with inflation. We need to invest more wisely so that our savings earn sufficient returns to pay for grocery bills, holiday trips, as well as our retirement. 2011-12-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/lkcsb_research/3207 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4206/viewcontent/TODAY_20111203_1.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University Finance and Financial Management Portfolio and Security Analysis |
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Singapore Management University |
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SMU Libraries |
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Finance and Financial Management Portfolio and Security Analysis |
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Finance and Financial Management Portfolio and Security Analysis KOH, Benedict Charting your Financial Goals |
| description |
Every one of us has financial goals but not many of us know how to go about achieving them. We often lack investment knowledge or expertise to design an investment plan that optimises our savings. Consequently, we adopt the default approach of leaving all our savings in bank deposits. By doing so, we have already made an asset allocation decision, one that is very conservative. Over time, we soon realise that this conservative investment plan is simply not working as our savings are not compounding fast enough to keep up with inflation. We need to invest more wisely so that our savings earn sufficient returns to pay for grocery bills, holiday trips, as well as our retirement. |
| format |
text |
| author |
KOH, Benedict |
| author_facet |
KOH, Benedict |
| author_sort |
KOH, Benedict |
| title |
Charting your Financial Goals |
| title_short |
Charting your Financial Goals |
| title_full |
Charting your Financial Goals |
| title_fullStr |
Charting your Financial Goals |
| title_full_unstemmed |
Charting your Financial Goals |
| title_sort |
charting your financial goals |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2011 |
| url |
https://ink.library.smu.edu.sg/lkcsb_research/3207 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4206/viewcontent/TODAY_20111203_1.pdf |
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