Will oil and food prices continue to rise?
Will interest rates continue to drop?
What should I do with my money?If you're concerned about the current market volatility and would prefer some peace of mind, we have a series of principal-guaranteed products for you to choose from. On the other hand, if you feel positive about the stock market, it could be a good time to find some bargains. And if you're a little more cautious, we have bond products that can potentially offer you a steady stream of income.
To find out what wealth solutions are available for you, visit any UOB Group branch today or request for an appointment with a UOB Personal Banker today. |
Will oil and food prices continue to rise?
The recent upward trend for inflation is a global phenomenon due to higher food and energy costs. Oil prices have reached historical highs in recent months, reflecting strong global demand, a relatively tight supply and low global inventories of oil.
In January 2008, Singapore’s inflation reached a 25-year high of 6.6%, with housing and food prices registering steep increases over the past year. (Source: International Herald Tribune, 25 Feb 2008).
To counter inflation and prevent it from eroding consumers’ purchasing power, consumers can consider taking up investment products that yield potentially higher returns than current inflation rates.
Will interest rates continue to drop?
In recent times, Singapore savings and fixed deposit interest rates have been falling as it moves in tandem with the domestic interbank rate which is displaying a downward trend.
During a climate of falling interest rates, rather than park their money in savings or fixed deposit accounts which offers nominal yield, investors may consider seeking higher yields through investing in suitable investment products.
What should I do with my money?
Start investing early and let the power of compounding grow your wealth over time. Markets move in cycles, and your returns will fluctuate at the same time. However, with a well-designed long-term investment plan, your money is working harder towards building a financially secured future for you. |