1 in 3 Singaporeans plan to invest more amidst rising inflation

As inflationary pressures persist, Singaporeans are reassessing their investing goals, according to Endowus’ Wealth Insights 2023 report. Inflation remains the biggest financial concern for the majority of Singaporeans (86%). As a result, one in three respondents, particularly the millennials, are looking to invest more to build their retirement nest egg. However, new and inexperienced investors tend to invest only when they ‘feel the time is right’, which puts investors at greater risk. Endowus CEO, Gregory Van, emphasises the need for a passive, evidence-based investment approach.