Prosperous business people and investors are learning hard lessons in today’s markets and economies about the difference between possessing wealth versus liquidity. Understanding and managing risk as the world is trying to emerge from a pandemic and recession has never been harder. Never before has discerning between risk and uncertainty been more difficult and yet vital.
Clinging to survival on the sidelines by holding your entire portfolio in cash is not sensible in a low-interest-rate environment. Avoiding investing in equities because you think you’ve missed a market peak or trough is frustrating in a market that persists on setting record highs and returning to them despite horrific economic news. The humiliating hazards of competing against a financial bubble lies in its habit of making fools of people who are in it and then sell too early, or others who missed it by being too timid to get invested.
It looks confusing as markets appear clueless in pricing risk. Welcome to 2020, where there’s no mass audience, no investment consensus. Everyone’s quarantining at home, deep in their own mental silos unable to discern global trends.
Today’s avalanche of data, information and advice streams effortlessly through your mobile devices. Then, hordes of financial advisers, friends and private bankers make it all too easy for you to avoid cultivating your own thoughts, actions and decisions – all relative to your personal risk preferences, life goals and ambitions.
Denne historien er fra August 2020-utgaven av Prestige Singapore.
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Denne historien er fra August 2020-utgaven av Prestige Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Double Take
Although somewhat dismissed by the contemporary art world as gimmicky, works that incorporate optical illusions remain immensely popular with the general public. Perhaps it speaks to our inherent need for something slightly magical in our everyday lives.
Plugged Into Wealth
Fintech advocate Carney Mak is bullish on disruptive technologies, but preaches deep understanding of business models before diving in.
Going for Green
SIMON ROGAN's visionary approach of cooking in tune with nature is inspiring chefs in Asia to be more sustainable.
TABLES TURNED
They could have their pick of the best schools, but more young super achievers from Asia are going to a hotel academy a choice they believe opens up more doors.
PRECIOUS HISTORY
Cleef Arpel TACHA VASSILTCHIKOV res her insights the jewellery house Peers preserving its patrimony and Heritage.
MARKS OF DISTINCTION
A clasp-free necklace that could be easily put on by the wearer, without assistance.
Colours of the Season
Thanks to K-pop stars, analysing colours to personalise make-up has surged, with theslategs service available from the boutique of Korean. brity make-up artist JUNG SAEM MOOL.
MAKING OF AN OPUS
In Hermes’ Barénia, in-house perfumer CHRISTINE NAGEL has realised a decade-long dream that harks back to her childhood stories.
Everywhere Care
Serums from homegrown skincare brand Blé de Fonty target more than just the face.
Pucker Up
Lip moisturisers are essential in Singapore’s air-conditioned environment. We share our personal favourites and introduce lip care that go the distance.
