Recipes for Investing: Time & Investing x Beef Cheek Stew
4 min
Recipes for Investing: Time & Investing x Beef Cheek Stew
Published in June 2020
About This Video
Hungry to learn more about investing? Our Recipes for Investing series serves up investment concepts in easy-to-digest portions, while introducing dishes you can whip up in your kitchen just as easily.
In this episode, Petrina Loh, chef and owner of the celebrated restaurant Morsels, shows how time can be a valuable asset both when making a Beef Cheek Stew and when investing.
Featured Chef
Petrina Loh, Morsels
Petrina Loh
Morsels
A former banker, Petrina graduated from the prestigious California Culinary Academy and immediately began cutting her teeth at Michelin-starred restaurants such as Atelier Cren, Bouchon and Spruce in the United States.
She returned to Singapore in 2013 and opened Morsels, where she presents a nourishing, soul-satisfying menu that incorporates traditional Chinese herbs in all her creations. Petrina was recognised for her unique style at the prestigious World Gourmet Summit Awards of Excellence 2017, where she received the Chef’s Choice (Western cuisine) award.
What do you think is the most valuable asset when it comes to investing? Your principal, you may have guessed? The answer is actually time!
Time plays a big role in the quality of your cooking, and the same goes for investing. Building an investment portfolio early means you can make your money work harder. Conversely, delaying the start of your investment journey could dampen your returns and cause your savings to be eroded by inflation over time.
How time affects the future value of your savings
This illustration demonstrates how the future value of your savings would be eroded over time, assuming an annual inflation rate of 2%.
How delays in investing can affect your returns
This illustration shows how much in compound interest you could potentially lose out on by holding back your investment plans, assuming a fixed rate of return of 3.25%^ compounded annually.
^3.25% is the updated investment returns used in the Benefit Illustrations for Singapore-dollar denominated insurance Participating ("Par") policies adopted by Life Insurance Association’s (LIA) (w.e.f. 1 July 2013).
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