In The Money - Q
Capital protection reigns supreme in risky market
This fortnightly column addresses readers' investing issues. Interest rates are going up and the stock market is very volatile. What are well-heeled investors doing? Are they adjusting their portfolios or are they sitting tight?
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The third quarter that just passed was pretty painful for investors. The decline left the Dow Jones close to 20 per cent down for the year.
Chairman and chief executive officer Derrick Tan of Singapore-based WRISE Wealth Management noted: "Investors are worried on two fronts - recovery of mark-to-market on existing holdings and further downside on their portfolios.