Quote:
Retrenchment not only risk out there. Stock market crash, property market crisis, world war 3 might come. Cannot risk it. |
Hijack thread to get some advice, please.
Current Situation (all sgd) Age late 30s, spouse a few years younger Annual fixed package 240K +/- excl B Spouse annual package 20K (part time), but can move close to 50K if terms of employment changes 2 young kids Humble subsidized apartment fully paid (paid 200K+ many years ago, MTM 600K+). Small Asian car also fully paid, with 8 years of COE to go. Been prudent & has 2M +/- in liquid assets. Have been working 10+ years in an industry. Right now, feel a little jaded (politics, state of industry, concern about sustainability re layoffs in mid to late 40s later etc) Have been approached by a small business setup in which a very close family member has some stake in. The other larger shareholders are friends of this family member, whom I also know. This business has been in operation for 30 years, employing about 40-50 people in Spore and has been profitable. Approached me to join as a member of the senior management as they are getting on with age & need young blood, with an eventual aim of taking the MD role if I excel in the job. This industry is new to me, which is a concern, but they do have some seasoned veterans in the rank & file already. Directionally keen to join as it is something interesting & potentially refreshing but also feel a pity to completely leave an industry which I have been in for last 10+ years. Will be interested in views from fellow forum folks re this dilemma I am faced with. |
Good for you. Can share what you invested in?
We are still holding a chunk of our savings in simple FDs earning meager interests. We are not too comfortable to put add more into our stock holdings which gave us the $40k pa dividend. And our CPF money is also not utilized properly just earning $20k interest at 2.5%. We are thinking of going into bonds. Any suggestions? Quote:
|
Quote:
|
Quote:
|
41, single income, $125k pa, supporting housewife wife and two chidlren. Sold flat two years ago, upgraded to an EC. We love our condo. No car, saves $30k pa. Total net worth (includes condo and other assets minus all liabilities), $1.2m.
|
Wife, 48, $6k pm. I'm 42, $4k pm. Total, $10k pm.
Our flat is paid up, now worth $500k. Plan to upgrade to a condo costing $1m. We will take a loan of only $500k. Will use the sale proceeds of flat to pay for downpayment of $500k. |
Quote:
|
Quote:
|
Quote:
For $1m condo, if you loan only $500k, your income need only be $100k pa assuming no other loans. |
All times are GMT +8. The time now is 04:41 AM. |
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2