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Old 08-10-2014, 08:42 AM
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Sad to see this popular forum being hijacked by some childish person or persons. Can we go back to sharing so that others can benefit? Ok, let me start.

48, 49, couple (one grad and one diploma), total income $140k pa. Sold our hdb flat in 2003 and upgraded to a condo, which we bought for $500k. Did not take much loan as we use the sales proceeds from our hdb flat sale plus our savings to pay for condo. Now the condo is fully paid up. Now we are starting to grow our CPF accounts slowly.

Our condo is now worth $900k and our combined net worth (condo, cash and CPF accounts) is estimated to be $1.4m.

Can the financial gurus here (only those with experience in the finance sector, please) advise how we can grow our wealth and prepare for retirement? Honestly, we don't know much about investments (we work in a technical line). We are lucky that we upgraded to a condo at the right time, not because we know how to predict property prices but just that the condo price was attractive at that time and we have the means to upgrade after selling our flat. Thank you.

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