Stick to basics of investing to ride out this period
Diversify, understand the risks and know the product you are putting your money into
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Dealers work in front of monitors at the Hana Bank in Seoul on Sept 4, 2020.
PHOTO: EPA-EFE
David Gerald
"Don't put all your eggs in one basket" may be a bit of an investing cliche, but proper application is critical to ensure risks are spread out over a variety of investments.
Back in the 2008 Lehman Brothers minibond crisis, Securities Investors Association (Singapore), or Sias, encountered the case of a retiree who had put her entire retirement fund of $560,000 into the minibond.
