Quote:
Originally Posted by Unregistered
... i partly agree with the above. it's ok to read stuff on the web, but you have to be discerning and filter out the noise from the signal. there are lots of good sharing around, even in this forum. from my experience, the WORST kind of advice is from those "professional" relationship managers, personal financial "con"sultant and fund managers. even the radio and newspapers are sometimes filled with sales people who are out to get your money (their pay comes from your commissions).
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Thanks, just to clarify what I meant is looking at his post the investments he was proposing was so out of place with each other it shows he does not have alot of experience in either areas. IMO for people without such experience its dangerous for them to have an influx of cash and not know what to do with it.
But agreed on the "professional fund managers" and so called "con artisit" be much safe to buy the STI index and park the money there.
Original post
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?