Invest Talk Podcast: Listen to our 5-tip action plan in face of interest rate hikes and looming recession

(From left to right) Associate editor Ven Sreenivasan and Vasu Menon, executive director for investment strategy at OCBC Bank. ST PHOTO: TEO TONG KAI

Synopsis: Every first and third Monday of the month, get our tips on working smarter, getting ahead in your career and investing like a pro with ST’s business correspondents and editors.

Host Ven Sreenivasan - associate editor at The Straits Times - offers you an extra edge in managing your hard-earned money.

In this episode, Ven speaks with Mr Vasu Menon, executive director for investment strategy at OCBC Bank, about how the US Federal Reserve has just hiked up its key short term rate by another 75 basis points, the 6th consecutive hike this year and 4th consecutive 75 bps hike. 

There is widespread expectation of an economic slowdown and even a recession next year. They discuss how things can pan out and how young adults can cushion themselves against the worst effects of a recession.

Highlights (click/tap above):

1:37 What is the Fed rate hike, and why is the US Federal Reserve raising rates?

5:23 Impact of rate hikes on countries such as Singapore

7:29 Mr Menon’s 5-tip action plan for young investors: Safe product types to invest in, speak to your bank, budget for what you need, set aside 12 months of funds in case you lose your job in a recession

9:15 5th tip: For long-term investing, why you should monitor the technology and ESG sectors, and healthcare and utilities, and financial sector

10:05 What will be the catalyst for a sustained market rebound?

Register for ST’s Head Start newsletter:  https://str.sg/stnewsletters

Produced by: Ven Sreenivasan (ven@sph.com.sg), Ernest Luis and Teo Tong Kai

Edited by: Teo Tong Kai

Follow ST’s new Your Money & Career Podcast channel here:

Channel: https://str.sg/wB2m

Apple Podcasts: https://str.sg/wuN3

Spotify: https://str.sg/wBr9

Google Podcasts: https://str.sg/wVpX

SPH Awedio app: https://www.awedio.sg/

Read Ven Sreenivasan’s articles: https://str.sg/wuQe

Website: http://str.sg/stpodcasts

Feedback to: podcast@sph.com.sg

---

Discover ST’s special edition podcasts:

Singapore’s War On Covid: https://str.sg/wuJa

The Unsolved Mysteries of South-east Asia: https://str.sg/wuZ2

Stop Scams: https://str.sg/wuZB

Invisible Asia: https://str.sg/wuZn

---

Discover more ST podcast series:

Asian Insider: https://str.sg/JWa7

Green Pulse: https://str.sg/JWaf

Health Check: https://str.sg/JWaN

In Your Opinion: https://str.sg/w7Qt

SG Extra: https://str.sg/wukR

#PopVultures: https://str.sg/JWad

ST Sports Talk: https://str.sg/JWRE

Bookmark This!: https://str.sg/JWas

Lunch With Sumiko: https://str.sg/J6hQ

Discover ST Podcasts: http://str.sg/stpodcasts

Discover BT Podcasts: https://bt.sg/pcPL

Follow our shows then, if you like short, practical podcasts!

Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.