Quote:
Originally Posted by Unregistered
Age: early 40's, 2 kids
Annual Income: $100K (mine), wife (not working any more)
Cash: $548K (mine), $439K (wife)
My CPF: $38K (OA), $112K (SA)
My Stock: $20K
My SRS: $12K
My Insurance current value: $12K
Wife CPF: $1K (OA), $7K (SA)
Wife Stock: $4K
Wife Insurance current value: $149K
5rm HDB balance loan $127K
Jap car fully paid
Don't know what to invest for passive income. Thinking property too high, waiting for opportunity to buy more stocks and plan to start up new business.
Time running out as soon would be in the 50's, 60's.
I am not a risk taker and that's explain why I have no 2nd prty and much stocks.
Appreciate for current situation advise.
Thanks. |
Can understand your urgency to deploy your cash, but this forum is not exactly the right place to seek genuine advice. Have to take things thrown here with more than a pinch of salt.
Sadly though inflation risk is real. For eg, $131k today will be worth only $87K in 10 years time with current inflation rate of 5%. I am having the same problem / worry. What I did was to max out both mine and my spouse's
CPF SA to earn the 4% yearly. Because we max it out some years back, and with compounding interest, both our
CPF SA have $157K each now!
I have also thrown some money into Reits earning 6 - 8 % returns. So far so good.