Investments That Beat Inflation
Do you think that your money that sits in a bank savings account is earning good money in a safe and secure way? In real terms, the value of your cash may be falling in purchasing power because of the low interest rate and rising inflation. This article 'Investments That Beat Inflation' will provide useful leads on how to beat inflation with investment strategies that work.
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How to make your money work harder
Source: The Sunday Times
Author: Lorna Tan
3/10/2010
A double whammy of rising inflation and low interest rates is taking a toll on the pockets of people here.
Anyone who keeps most of their spare cash in bank deposit accounts may well be going backwards in real terms, as inflation outstrips the meagre rates paid by the banks.
It was recently reported that inflation is now at an 18-month high, no thanks to costlier transport, housing and food. For the full-year, inflation is expected to come in between 2.5 per cent and 3.5 per cent.
By global standards this level of inflation is manageable, but it is getting on the high side for Singapore.
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Investments Singapore
Investments Singapore