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Singapore inflation running at 4.3% in Feb 2022 (https://www.focus-economics.com/countries/singapore/news/inflation/inflation-hits-nine-year-high-in-february), how to counter it?
Currently, many FD (Fixed Deposit) in Apr 2022 offer less than 1% interest for your 12 months deposit and the May 2022 SSB (Singapore Savings Bonds) offers an average return of 2.09% over the 10 year period.
Thus, what kind of actions would you take to counter the 4.3% inflation? Thanks.
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Eric Dadoun
14 Apr 2022
CEO at DeZy
Its a scary situation and one which we're trying to address at DeZy.
SGD denominated and as of quite recently, covered in insurance.
Inflation can be beat in a reasonable way.
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In bad times, spend on the absolute necessary. Save & invest the remainings. In what proption ? you ...
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Invest in SG REITs can be effecient to cushion the inflation impact as they are holding properties and giving good dividends (average 4-5% should not be an issue). SG is a small country with limited lands, its property prices are always on the uptrend in long term.