10 Nov 2020
Yes the core-inflation rate stands at around that %. However, in this year 2020, because of a weakening economy we are expected to see this inflation rate reduce, to under 1%. But we'll leave the economists to confirm this once the year is over.
That being said, I would highly recommend you to look at investing to get between 4-5% returns p.a but that is on top of your rainy day funds (which are savings).
So what I would advise personally doing is to have enough savings hopefully at between 0.5% to 1.0%p.a interest, while investing most of your other funds into investments through Robo-Advisors for beginners (which take a broader approach of index investing and ETFs globally).
And adopt a long term approach, longer than 10 years as well.
Hope this helps!
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Investment is risky so you need to have enough cash (emergency fund) so that you will never be forced to liquidate during a loss. If you need the money in a few years' time, portfolios with higher risks come with higher volatility and the returns may still be negligible or negative in short term.
Yes definitely! That is one of the most common reasons that are shared for why investing is so impor...
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