When looking for money-making opportunities in uncertain times, Brice said it’s vital to remember the core investing strategies: go gradual and diversify.

“Market volatility is something that investors should be prepared for, despite the recent volatility being quite extreme,” he said. “Start small and ensure (you) are diversified across major asset classes (equities, bonds, cash and gold) and major regions/sectors.”

Lorna Tan, head of financial planning literacy at Singapore’s multinational bank DBS, agreed that periods of volatility can be a good time to enter the stock market and gauge your risk tolerance.

However, she added that it’s not for the fainthearted and recommended following four key pillars.

1. Invest for the long-term — Make sure you have three-to-six months’ salary saved in cash for a rainy day, because any money you invest in the market should be locked away for long-term goals. 

2. Contribute gradually — Invest a fixed sum regularly into the same investment product over a long-term period. This allows you to buy more units when the cost is low, and less when the price is high. It’s a strategy known as dollar-cost averaging. 

3. Take advantage of compound interest — Time in the market is more important than timing the market. Earn interest on the interest you receive by sticking to a disciplined investing plan.

4. Diversify, diversify, diversify — Consider low-cost, passively-managed index funds or exchange traded funds (ETFs), which give you exposure to a broad range of stocks.

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