1. Invest the money for 5 years to get a guaranteed return of 2% p.a. 10.9% 2, Keep cash and wait for market to drop by 10%, i.e. ST index of 2,600 28.3% 3. Wait for the market to drop by 20%, i.e. ST index of 2,350 28.3% 4. Invest in preference shares or REITS to earn a yield of at least4% p.a. 32.6%
More than 50% of respondents said that they would wait for a market correction of 10% to 20%.
Last night, there was a 3% market correction in USA. This will be followed in Singapore today. Over the next week, the market may correct by 10% or more. If that happens, it is time for long term investors to enter the market.
Tan Kin Lian