IN THIS excellent DBS Bank special, its Chief Investment Officer, Lim Say Boon, 54, discusses how we should approach investments amid the current turbulent situation. Hear, in the video below, why he thinks we are in a bear market, and what the implications are.
And he asks: "Do you dare to buy stocks when everyone is selling?"
He points out that bull markets emerge in the most unexpected of times -- and not when solutions to major economic problems become crystal clear.
In the meantime, Singapore and every major market are experiencing significant negative real interest rates: "It's very expensive to hold cash."
An articulate speaker, Say Boon joined DBS as Chief Investment Officer for its wealth management business in 2010.
Prior to that, he was with Standard Chartered Bank, where he was its Chief Investment Strategist for its wealth management and private banking groups. He was also co-head of Standard Chartered Bank’s Chief Investment and Advisory Office.
In a career spanning 28 years, Lim has held various senior positions in investment research and private banking/wealth management.
Prior to Standard Chartered Bank, he had held positions including Director, Portfolio Counseling with Citigroup Private Bank; Head of Investment Research for OCBC Securities; regional Research Manager with Societe Generale-Crosby Securities; Director of Research for Standard Chartered Indonesia; and Research Manager for Standard Chartered Securities Singapore.
He also held senior positions in the financial media in Australia in the 1990s - as finance editor for The Herald-Sun and Sunday Herald-Sun newspapers.