Quote:
Originally Posted by Unregistered
Here's what he can do:
1. Sell his 5 room HDB flat at $600k and downgrade to a $300k 3 room flat, fully paid.
2. Use the $300k profit to buy a low risk government related bond, giving 3% per annum. This earns him $9k per year or $750 per month.
3. He works as a security guard, earning $1500 per month.
4. Wife works as dish washer earning $2000 per month.
5. Total income $4250.
6. Sell car, take bus. Saves $1000 plus per month. |
Dude...
Pt 1 cannot really do in Singapore.
Most singaporeans buy their
HDB with
CPF. Hence need to "top back"
CPF. After topping back , most will find that there is hardly any real cash from sale to invest.
Pt 2 also no more 3% yield in govt bond for a very long time already...
Maybe some corporate -Temaseked linked companies bonds.. but not from govt
Singapore Government Bond 10Y
But sadly, i also dont have better ideas to suggest.