Goodbye 2022, hello 2023! This month, Huiyu and Debs talk about how 2022 affected the way they invested and what their respective investment strategies could look like this year. Will the 1% GST hike change the way they spend and invest? And, what are the things they would do with their money in 2023 that they didn't do in 2022. Timestamps (00:00) – Episode introduction (01:24) – Recap of the major events of 2022 and how these events affected the markets: The Russia-Ukraine conflict, interest rate increases, bear market in stocks, the collapse of cryptocurrencies. (06:01) – What are some ways we can invest our money in 2023?Most investors should consider diversifying their investments into different asset classes that have become more attractive e.g. bonds, T-bills Depending on your risk appetite, buying opportunities have become available based on the year’s “discounted” prices. Equity presents a higher potential (and risks) for returns than safer investment opportunities. (09:57) – Deborah’s investment strategy for 2023 (15:28) – How the Goods and Services Tax (GST) hike from 7% to 8% in 2023 affect us from a business owner and consumer perspective. (17:58) – The history of and changes in GST over the years in Singapore, and putting GST increases into context against inflation. (20:25) – Discussing the Assurance Package for GST and CDC vouchers. (24:45) – How the GST increase affects the way we invest and the other factors affecting how much we have to invest e.g. lifestyle inflation. (27:03) – Recap of the investment strategies previously discussed: stick to your investment strategy by paying yourself first, dollar cost averaging, don’t let emotions steer your decision making. (28:44) – What the Good Girls would do with their money in 2023 that they did not do in 2022. (36:13) - Episode outro If you’re curious about a particular investment or personal finance topic and want the Good Girls' to talk about it, drop us an email at [email protected]. Disclaimer: The advice shared in this podcast has not taken your personal risk and finances into consideration, please seek the advice of your financial advisor before making any decision about your money.