Others also prefer to hold substantial cash, stuffing them on their private vault. Almost all also invest their money in the stock market. Though there are uncertainties, they recognize that these could also mean opportunities to purchase stocks at a low price. They are aware that the economy could go up anytime, and by then, they could sell their shares at a much higher price. Of course, investing in stocks allows them to beat inflation.
The majority of Singaporean’s ultra-rich also put their money in brick or mortar investments. That comes as no surprise. After all, Singapore has seen a dramatic increase in property prices in recent years. Based on a report by the Barclay’s Wealth Insight, property as an asset class in Singapore boasts positive growth.
Around 89% of the Singaporean respondents also believe that their property will fare well on a one-year horizon. No doubt, the continued rise of high-caliber and world-class infrastructures in Singapore would make it a practical approach to preserving the people’s wealth.
