You are both in finance. This industry can be volatile. You can be retrenched if times are bad. What if both of you got retrenched at the same time? So you need lots of cash. When times are bad all assets will crash. If you buy property and cannot rent it out and you lost your job and the value plunged and cannot sell, then you will be very worried and cannot sleep. Just stay in your
hdb flat until you retire. Save lots of money to prepare for retrenchment and retirement.
Quote:
Originally Posted by Unregistered
Couple both 33 in finance
Cash 300k
Cpf 150k
HDB worth 500k o/s loan of 90k
Car worth 80k
Annual income of 260k combined. Save approx 100kpa
1) should we keep the HDB and buy a second property now or sell it and buy 2 private property to avoid the ABSD?
2) amidst this bullish stock market, should we still put our cash into investment? |