This is not the best place for the advise you seek, now if you were paid that much you must be a person who is aware of how to at least handle your ins and outs for you and your family.
Everyone situation is different, and everyone comfort level in investment is also different. Best you speak to close friends and family familiar with this investment instruments before making a decision.
Least if something goes wrong someone familiar can ease your doubts. I invest in property its not for everyone, some will recommend stocks. But do you know the pitfalls and grey areas in property to invest in them soundly? Same goes for stocks if the market tank are you calm enough not to dump your holdings?
I am assuming you don't invest regularly and hence come here to ask? As I said speak to friends and close ones. Anonymous people on the internet should not be relied on for this type of decision.
Good luck
Quote:
Originally Posted by Unregistered
Dear all,
I need your kind advice.
I was let go one year ago after 20 years with the company. I think I cost too much. Got retrenchment benefits which is almost finished. I gave myself one year to get a new job but unfortunately there is no available jobs that pays $200k pa any more. My age could be a hindrance. I have given up hope to get back to my previous role.
My assets today are worth $2.5 mil, the bulk of it in my condo (no loan, paid up). What should I do? Should I downgrade to a small condo worth $1m and buy another condo worth $1.5m to give me passive rental income? Or should I just get a $500k HDB flat and invest $2m in the stock market?
Appreciate any comments and advice.
Thanks. |