Hugo CEO David Fergusson was on-air with CNA938’s Money Mind with Stanley Leong and Chew Wui Lynn to discuss savings attitudes among Singaporeans, beating inflation, and how we can optimise our investments.
David shared his thoughts about why saving money is not complicated and daunting at all but can be done easily and confidently. He also opined that as our economy is experiencing higher inflation rates, savers ought to be creative and resourceful with their savings.
There are many investment options out there that are available for savers to park their wealth under, and investors need to be clear-eyed about diversifying their portfolios and, rather than thinking that they need to time the market, consider averaging their investments instead.
Finally, David makes the case for gold investment as he discussed how the printing of money by central banks worldwide is sustaining inflation, and one of the most reliable ways to preserve the value of our savings and mitigate risks to our investment is to buy gold.