Quote:
Originally Posted by GR45
Hi Whizzard et al. Thanks for the education for the rest of us. Any suggestions for a couple in 40s with S$3M income a year, pre-tax? We are not financial instruments-savvy and hold only properties (2 residential and 2 commercial). We are still working and the cash is just piling up in various banks. Very negligible equities etc. Any uncomplicated pointers will be much appreciated. Zero debt. 2 paid up Japanese cars.
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For me, it's buying a GCB. I've been saving about S$1m a year for the last few years, but can't seem to get there. The cheapest GCBs' in Windsor Park are going for $25m, and my total net worth isn't even there. If I want a proper D10/11 GCB, its going to cost $50m so despite already having a bungalow and $1m savings per year, it seems to get further away as time goes on... sigh....
However, if I had S$3m a year in steady income, I think a bank might lend me enough...