USD$6 Trillion Wiped out from Global Stock Markets a few weeks ago. It Recovered.
A few weeks ago, global markets experienced a sharp downturn, with US$6 trillion in market value evaporating almost overnight. The market’s reaction to a combination of factors, including weaker than expected labour market data, lower than expected megacap earnings, led to significant volatility. Today, we see a broad recovery taking shape across markets. The Recovery […]
US$6 Trillion Erased from Global Stock Markets, Are We in Trouble?
Background In the past few weeks, global stock markets have been hit hard, with over US$6 trillion in value wiped out. On August 5, 2024, the Nikkei 225 plummeted by 12.4%, and the NASDAQ 100 dropped 6% in seconds, raising fears of a broader market decline. Investors are worried about a potential U.S. slowdown and […]
Save Smarter For Retirement: Exploring SRS
Save Smarter For Retirement: Exploring SRS You might have heard about the 1M65 movement where individuals aim to save S$1 million by the time they’re 65 to cover their retirement needs. Many Singaporeans depend on their CPF savings for retirement, but CPF payouts might not be enough since they’re only designed to provide a basic […]
Auspicious Times for Depositing Money
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Stepping Into A New Investment Horizon: What does 2024 have to offer?
As we look back on the key market events in 2023, we saw the collapse of several U.S. banks, 11th hour aversion of the U.S. government shutdown, U.S. second credit rating downgrade, China real estate defaults and others.
2023 Reflections: Key Financial Events and AutoWealth’s Role to Achieve Superior Returns
2023 has been an eventful year for financial markets – from a mega-cap tech stock surge, bank failures to a long-awaited end of the rate hike cycle.
The Israel-Hamas Conflict: The Non-Political Impact and What We Can Do
Introduction In the midst of headlines dominated by the Israel-Hamas conflict, it’s not just the political arena that’s feeling the impact. The clash between Israel and the militant group Hamas in the Gaza Strip has economic ripples that stretch far beyond the region. Let’s look into why it matters to you and explore what individuals […]
AutoWealth Wins Silver Award at the HR Vendors of the Year Awards 2023
We are thrilled to share the exciting news that AutoWealth has been recognized at the prestigious HR Vendors of the Year Awards event, Asia’s premier recognition for HR excellence. We are honoured to win the Silver Award in the “Best Digital Wellness Platform” category. This recognition solidifies our standing as a trusted partner and solution provider […]
DBS/POSB and Citibank’s Recent Service Disruption: What’s Behind The Glitch?
“Card down, ATM also down. Walao. How to make payment?” On October 14, 2023, DBS/POSB Bank experienced a sudden service disruption at 4:37 PM, affecting mobile and internet banking, as well as ATMs. We’ve all been there – faced with a situation where we can’t use our cards or access cash when we need it […]
It Happened. Losing 97% of My Investment.
Ah, losing 97% of your hard-earned money. That means $1 million becomes $30,000. Nope, it’s not a joke, and it didn’t happen at a roulette table or a magic show gone wrong. Nope, it happened in the wild world of investments, and this time round, it’s brought to you by WeWork. So picture this: you’re […]
