BT Money Hacks Ep 90: Achieving passive income and wealth growth amid Covid-19

9:36 min

Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.

In this week's episode, we look at strategies for achieving passive income and wealth growth amid Covid-19 and the post-pandemic recovery.

BT's digital editor Chris Lim hosts Luke Lim, managing director at Phillip Securities, brokerage and wealth management arm of PhillipCapital. They discuss the following:

Concrete steps to rebuild passive income amid the pandemic and post-pandemic recovery: Which sectors performed? (1:55)

Diversify when faced with financial vulnerability, in asset classes, geographical regions and sectors (2:41)

What is the "barbell" approach in diversification? Why it is still worth working with a remisier who acts as a trading coach (4:35)

Views on single stocks, ETFs and index funds (6:25)

Produced by: Chris Lim and Ernest Luis

Edited by: Adam Azlee

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