It depends . you comfortable with the potential interest rate hike in the market ? job super stable ? investment property not in sg ?
If yes to all above, shld be ok.
Otherwise, from financial perspective, i will sell the 1.6m one. Doesnt seem to be bringing in the dividend yield compared to the
other property. Unless you see some huge upside say enbloc or something etc.
Also pay down the car loan. unless got specific reasons.
Everything else, you shld be ok.
Quote:
Originally Posted by kaos
Seen a lot of great replies and advice here. Specifically wondering if forum-ers here can provide some advice:
42 male, wife 39 female, 2 young kids
Both working professionals (finance) - combined $205k p/a after tax not including bonuses (bonus maybe about $50k p/a after tax)
Cash - $200k
Car Loan - $1.2k per month
Stock/Equity - $50k
Own Home - $1.4M (loan $550k)
Investment Property 1 - $1.6M (loan $1.1M, $25k net rent p/a)
Investment Property 2 - $1.55M (loan $630k, $40k net rent p/a)
Watch Collection - $60k
Total Assets = $4.66M
Total Debt = $2.284M
Net Worth = $2.376M
As you can see my net worth is heavily property-weighted and pretty concerned that I should be diversifying more into stock , bonds and ETFs etc as a lot of people here have. Anyway interested to hear genuine advice/suggestions/comments. Thanks everyone in advance!
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