Anonymous

08 Jun 2021

∙

Been a while since the decision for Brexit to happen. But I don't see any drastic change to the world economy yet. Why isn't there much developments?

Or has COVID-19 just put everything on pause?

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Duane Cheng

20 Nov 2020

Financial Consultant at Prudential Assurance Company Singapore

Hi there,

At this point, every country is in self-preservation mode. The change to the world economy currently due to COVID, transcends the problem of BREXIT. I'm not sure what kind of developments you are hoping for, but most industries have seen a huge reduction in revenue and credit defaults are on the rise.

If brexit were to happen in this current state, the problem will be amplified.

Hope I was able to shed some insight!

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Why don't people just buy bonds instead of fixed deposit? I went to FSM website and saw that DBS bonds are 4.75%. Isn't that much better since DBS will likely never die? ?

Since there are robo-advisors now, why do people still go with fund managers or brokers? Isn't the fee much lower for robo-advisors?

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