Weekly recap: Goodbye 2023, Hello 2024

By Beansprout • 31 Dec 2023 • 0 min read

In a year of ups and downs, there were still ample opportunities for savers and investors.

what happened in the markets 30 dec 2023

In this article

As 2023 comes to a close, we want to thank you for joining our journey to secure your financial success.

It has not been easy as inflation stayed high for most of the year. We also had to deal with volatility with the collapse of Silicon Valley Bank, China’s dismal economic recovery and rising tensions in the Middle East.

Despite the uncertainty, there were ample opportunities for both savers and investors.

The higher interest rates meant that we could make our savings work harder without taking on too much risk. It was not a surprise that fixed deposits, T-bills and Singapore savings bonds grew in popularity.

Investors in the U.S. stock market found reason to cheer as growing expectations of interest rate cuts in 2024 brought the S&P 500 and tech stocks to new highs.

Singapore REITs also received a boost towards the end of 2023 with the expectations of lower interest rates.

We hope that our insights and tools have helped you make a better financial decision this year, whether you are looking for the best fixed deposit rate, learning how to invest in the T-bill, or choosing the best dividend stock for your portfolio.

As we lay down our plans for 2024, we welcome your valuable feedback on how we can help you further. Please let us know what you'd like to see more on Beansprout.

In the meantime, give yourself a pat on the back for the steps you have taken to improve your financial situation this year.

We hope you will achieve your personal and financial aspirations in 2024!