As a multinational financial services company, Charles Schwab offers a wide range of investment services. Well-known for revolutionising the brokerage industry in the 1970s and 1980s by providing low-cost trading, it has morphed into a full-service financial services powerhouse with a global following.
The performance of the Standard & Poor’s 500 Index (S&P500) has been remarkable for almost a century. According to Bloomberg data, from 1927 to 2023, in price terms alone, the S&P500 has returned just shy of 27,000 or around 6% a year. Including dividends reinvested, the returns are 83,000 or 7.25% a year.
Despite current economic and geopolitical concerns, the US stock market continues to present attractive potential opportunities for investors in Singapore. For Greg Baker, managing director of Charles Schwab Singapore, this sentiment rings especially true. “Although past performance is not a guarantee of future results, historically, staying invested has been, in our view, an effective strategy and one to consider when it comes to election years,” Baker asserts.
