With the swings of the market this year having people go from euphoria to depression, it is likely that investors are itching to change their investments or strategies responsively, and perhaps they’ve already done so. But more action doesn’t always mean more returns.

Volatility and downturns are part and parcel of investing, and it happens more often than you think. As long as you are holding a diversified global portfolio, staying put throughout the turbulence would have given you a long-term return over 7% in SGD terms.

Now that the stock market has risen since the Mar 2020 recession lows, you may be trying to figure out what to invest in right now. However, the reality of successfully timing markets isn’t as straightforward as it sounds.