[tchen003]

Originally Posted by tchen003

Hi, thanks for your feedback.

In Chinese, there is a saying: you cant get fish and bear pawn at the same time. (Forgive my noob translation haha).

Reason I VC to MA and SA is that:
1. The first 60k balance, these two accounts produce 5% risk free return.
2. These VC cash, can reduce my income tax which can equal to first year return of 7%+5%!

Above is my understanding and reason to do VC. But again, if thats the case, I may have hard time paying down new condo downpayment with my future wife.

One possible solution, just possible, is to utilize home equity loan. Say my small condo appreciate to 900k sgd after 6 years and I have 500k sgd home loan remains. I can cash out 900k*80%-500=220k sgd as my contribution to downpayment.

Typo: you can get fish and bear pawn....