In today's world of finance, the options for investors are more diverse than ever. But as the landscape broadens, the line between investing and gambling often becomes blurred. This distinction becomes particularly poignant when we dive into the stories of individuals navigating through various investment avenues.
Singapore Government Securities (SGS) bonds are often a go-to investment choice for Singaporeans due to their low-risk nature and the assurance of returns. In 2022, the rates on these bonds ranged from 0.5% to 4.4%, offering a seemingly steady investment. However, even these 'risk-free' investments carry hidden risks, the most significant of which is inflation.
In the world of personal finance, you've probably heard the phrase "high risk, high reward". But what does it really mean, and how does it apply to you as a busy professional? Should you therefore avoid all investment opportunities with high returns because they are riskier and can lead you to financial ruins?
You’ve probably read many articles about ditching the $5 coffee, getting the right brokerage, bank, utility account, etc, and buying the right stocks. This article will tell you if you want to reach financial independence, ignore those articles.