Warren Fernandez
Sun, Apr 06, 2008
The Straits Times
It takes discipline and a sound investment strategy to combat the corrosive effects of inflation, say financial experts.
1 Cut down spending, live within your means
2 Try to save 20% of your pay or more3 Do not be overly conservative
4 Don’t rely solely on guaranteed products5 Save regularly via an investment platform
6 Take on sensible level of investment risk7 Invest for returns that will beat inflation
8 Understand the power of compounding9 Invest in asset classes that appreciate
10 Limit exposure to depreciating assetsLorna Tan
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