SINGAPORE: The stock market this year has been on a roller-coaster ride, with record-setting drops and all-time highs being reached.
A man with a face mask walks by television screens outside the Nasdaq Market Site at Times Square in New York, US, March 9, 2020. Retirees, for example, who have a short investment runway and limited time to recover from losses, should not invest in high-risk instruments. “But this was exactly what many retirees did for Clob stocks, Lehman Minibonds and Hyflux’s perpetuals,” he cited.Paul Chew, the head of research at Phillip Securities Research, advised retail investors to buy shares based on a company’s normalised earnings and avoid valuing companies based on this year’s earnings.
To inculcate this, Sias organises free investor education programmes, which teach people to use proper principles of investment instead of relying on tips and rumours. “Being eager to learn and having a beginner’s mindset have helped me correct many mistakes I’ve made in investing over time.”In the midst of COVID-19 now, Gerald suggested going for high-quality stocks with strong balance sheets, which should enable these companies to ride out the storm.