What to do with my SRS contribution this year?
The earliest withdrawal age from SRS account is 62. That is more than 10 years away for me. So what do I invest in now that has high probability to appreciate over the next decade. For SRS, I prefer to buy and hold, and not to trade.
According to https://www.bbc.com/news/world-asia-china-55454146, China’s GDP is expected to overtake US by 2028.
Our Straits Times also has a similar article: https://www.straitstimes.com/world/worlds-top-economy-in-2028-china
It seems a matter of time that China will over take US.
Why choose technology stocks?
Recently, some of you may have read in the Straits Times that Klaus Schwab, the founder of executive chairman of World Economic Forum, visited Singapore. I was pretty impressed with his insights of Singapore in this Straits Times article. What you may not know is that Klaus Schwab believes that we are at the beginning of the Fourth Industrial Revolution. Read more here : https://www.weforum.org/about/the-fourth-industrial-revolution-by-klaus-schwab/
The Lion-OCBC Sec HS Tech S$ (HST.SI) replicates the Hang Seng Tech index, which tracks the 30 largest China technology companies listed in HKex. Read more here: https://www.lionglobalinvestors.com/en/funds/lion-ocbcsec-hangseng-tech-etf/index.html
Best of all, you can use SRS to invest.
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