Sharing some Investing and Economic insights:
- Global markets have been volatile in recent weeks and fell sharply as investors grew more concerned about rising interest rates.
- The US’s S&P 500 ended below 4,000 for the first time since late March 2021 in a shares selloff.
- Technology stocks lead US’s Nasdaq Composite Index to drop more than 4%. Bitcoin, which is trading almost in line with tech stocks, fell to its lowest level since July 2021. It dropped to as low as US$33,000 and has lost more than half its value since it hit an all-time high of US$69,000 in November just last year.
- At home, the FBM KLCI closed 1% lower yesterday.
- A Reuters poll and Moody’s Analytics said Bank Negara Malaysia (BNM) is expected to keep its interest rate steady at 1.75% during its May meeting tomorrow.
- At the heart of the market volatility is investor unease. We understand that when it comes to your hard-earned money, it is harder to ride the ups and downs of markets (known as market volatility). It, like the pandemic, is out of our control. However, also just like the pandemic, this too shall pass and in the long run, markets will likely rise.
- The Raiz philosophy is designed to assist you grow your money by letting you save in small amounts automatically and regularly. This is known as ringgit cost averaging and can help manage the volatility.
Do You Know?
The ups and downs of share market over periods of unpredictable, and sometimes sharp, price movements. Higher volatility often means higher risk.
Don’t have the Raiz App?
Download it for free in the App store:
The information on this website is general advice only. This means it does not consider any person’s investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the Raiz product.
The information on this website is confidential. It must not be reproduced, distributed or disclosed to any other person. The information is based on assumptions or market conditions which change without notice. This will impact the accuracy of the information.
Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz.