Quote:
Originally Posted by Unregistered
Husband and Wife :Early 40s (Both Working)
Combine Cash : 1.8M
CPF (OA and SA) :450K
House : Loan 2.4 M, Value 5 M (Paper Profit from properties about 2M after flipping 2 properties to the current one)
Looking to diversify into passive income (Mixture of bonds, fd and trading). Time to let the money work for us instead of the other way round. |
You can both retire or be your own boss so that you don't have to be a slave to someone else, worse if he is younger than you.
Sell your landed and downgrade to a $850k condo. Invest the balance of $4m in 5% dividend yield blue chip stocks to give you a passive income of $200k pa. If your expenses is $100k pa, you can save and reinvest $100k pa. By the time you reach 65, your net worth will be $10m. You will be a multi millionaire.