I have been reading newspapers on how badly the economy is faring. One of the journalists offered his advice to set aside about 4 months worth of saving in case of retrenchment. Should i be concerned? My sector has so far not been hit. I understand that there would be no bonus and only minimal wage increment. I guess i am safe as of now.
Though safe from work retrenchment , I have already put aside about 2.5 months of gross salary in POSB. I pondered. Am i doing the smartest thing? I could have place the money in stock to earn dividends. Just treat is fix deposit with higher interest rate. The market has been volatile. There is a risk in placing mone in stock. Unless you have the capital to buy or else it is too risky to speculate.
Though safe from work retrenchment , I have already put aside about 2.5 months of gross salary in POSB. I pondered. Am i doing the smartest thing? I could have place the money in stock to earn dividends. Just treat is fix deposit with higher interest rate. The market has been volatile. There is a risk in placing mone in stock. Unless you have the capital to buy or else it is too risky to speculate.
I have bought Singtel and ST Engineering. I am hopefully that they will pay good dividends to me.
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