I was at OG departmental store, Chinatown, last saturday. Quite crowded and there were about a dozen people looking for luggage at the luggage section which is at level 5, the topmost level. Months ago there were the most two or three people. The year-end long school holiday has just started. This is a top holiday period for Singaporeans.
The economy is doing well; people are more affluent and travel more and can be lavish in their spending. Hope they save some money too. Must set aside some fund for belt-tightening days, right? I think oil prices will go up further. This in turn will cause prices of many things to rise. Inflation is predicted to go up to 5% next year.
And with inflation, investment advisers say don't put all your money in fixed deposits in the bank because your savings will worth much less later. Also, diversify your investments. But for many ordinary people, I think there aren't many choices. They are not knowledgeable about shares, commodities, forex, etc. Insurance is meant for long-term and must suit your needs. Unit trust is more for medium-term and also does not give very good returns. Investment-linked deposits are not very attractive either. What else?
Synopses of coming shows by 广州粤剧团, please see Chinese opera performances (link at the right)