The market correction has been more severe than I had expected.
The Japan market has dropped by 20% from its peak. The Singapore market dropped by about 15%. The US market dropped by about 10%.
The combined fund (growth) from NTUC Income probably dropped by about 7% to 10%. It dropped less than the other markets, due to a 30% component invested in bonds.
Here is the good news for long term investors. You have the chance to invest now, at a much lower price. And benefit from the long term appreciation of the investment funds.
I have an additional $100,000 to be invested. I shall be deciding within the next two weeks.
I withdraw all my funds after the announcement of bird flu in Sep-2005.... Miss the great bull run in-between then and now.... *sigh*
ReplyDeleteLet us know when you are entering the market again... Great thanks!