Another popular investment product is the Singapore Savings Bonds , typically favoured for its low but steady returns.
However, do note that bonds tend to have a relatively lower rate of returns due to its low risk level. SSBs may yield a steady average annual return of 2.75per cent for a tenure of 10 years, but it’s not going to supercharge your wealth accumulation process. ETFs can be composed across various industries and comprise various assets. Therefore, they offer a high degree of diversification that can help to reduce risks that may arise from over-exposure to a certain market.
Generally, REITs should take a spot in your investment portfolio if you are hoping to grow your wealth. However, if you’re looking towards wealth preservation, then it’s better to go for REITs that provide steady dividends.A relatively new investment tool, robos help you invest under the guidance of algorithms instead of human professionals.