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Diversifying your holdings? One Singapore investor lost two-thirds of his money
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Mr Hugh Chung, chief investment officer of Endowus, says diversification is essential because no single asset class, sector, geography or theme continuously goes up without volatility in between.
PHOTO: ENDOWUS
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SINGAPORE – When Matthew met his relationship manager in early 2020, he thought he was being prudent in seeking financial advice from an expert.
The Singaporean retiree had parked most of his spare cash in local blue-chip stocks and selected Singapore-listed real estate investment trusts (S-Reits). But his relationship manager had other ideas.
