9 things to invest in this year…and its not all about money
If you’re wondering where to put your money in this year, look no further, we bring you 9 things that will bring you better returns in a holistic.
If you have a lot to spare, the Luxury Condominium market is set to pick up this year. Singapore continues to attract more investors because of its lower taxation rates and transparent housing regulation, which means that this niche housing market will pick up because more high net worth individuals show interest in the units which are now lower priced.
Children can be an investment too. Parents put in time, effort and money to raise their children.
Though the going might be tough, and the days rough, but the joy that children bring is worth it.
The future ahead is bright. But only if we continue to invest in our skills and remain employable.
While our economy slows down, what is needed is relevant skills. Which is why the SkillsFuture initiative was introduced.
If we invest in our own skills and training, the returns on investment is a future of hope.
The NTUC has been pushing for workers to upskill, re-skill and deep-skill in order to be prepared for anything that comes our way.
4. Singapore Savings Bonds
If you are a risk-averse investor yet hate seeing your savings depreciate in bank savings accounts which pay very low interest, you may consider low risk investments such as the Singapore Savings Bonds (SSB).
Open to investors 18 years and above, you can invest a minimum of $500 (up to an issue limit of $50,000 in multiples of $500, and hold an overall limit of $100,000) to earn an interest every 6 months which increases the longer you hold your bonds for, the longest which is 10 years. You can purchase the bonds every month, and redeem before maturity with no penalty too.
If you haven’t started on this, you should start now.
Saving $10,000 when you are in your twenties goes a much longer way than saving $10,000 20 or 30 years later because of the fact of compounding interest.
The longer you keep your money invested, the more returns you get out of it.
As the saying goes, ‘Health is Wealth’, so investing in your health is just as important.
Taking on a new sport or subscribing to a gym membership might be a good way to invest in your health.
A diet regime is also another good investment for your health. After all, you are really what you eat.
Investing in a positive mindset is one that can move mountains. Whenever you feel rejected or depressed, take time to do something that will take your mind off the matter, e.g, read a book, go out for a walk, take a warm shower.
Like the mind, the spirit needs some time and investment in order for the body to function well. Meditation allows the spirit to be at ease, and also allows you to have better picture of a problem that you are dealing with.