Return over past 20 years

Annualized returns in SGD, with dividend re-invested, as follows:

                   measured as at 31/12/2006 
                   5 yr   10 yr   15 yr   20 yr
Singapore Equity  17.8%    8.0%    9.3%    9.2%
Global Equity      6.5%    9.1%    8.7%    7.7%
Global Bond        3.9%    4.5%    5.3%    5.5%

Over the past 20 years, Singapore Equity earned an average return of 9.2% per annum, global equity earned 7.7% p.a. and global bonds earned 5.5% p.a.

Over the past 10 years, Singapore equity earned 8% p.a., gobal equity earned 9.1% p.a. and global bonds earned 4.5% p.a.

These returns are all converted to S$ and include the reinvestment of dividends.

Conclusion: invest in global equity or Singapore equity to get a better, long term return. Invest for many years, to average out the fluctuations.