Turning 37 soon, single
Shoebox apt worth 650-670k (mortgage 433k) Cash 350-370k Zero car loans, except insurance policy. Any better suggestions |
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Consider long-term investments in blue chips (i.e. adopt a buy and hold strategy, rather than do speculative trading) for income at yields much better than saving accounts or FDs can offer, before inflation erodes their value. In case you are wondering whether I practise what I preach, I am a few years younger than you, and I hold only 15% of my liquid assets in cash, and 85% in equities generating about 6.5% yield pa. I still have a mortgage of about $700k, but I have a very stable job, so I don't worry too much about income loss and don't really see the need for a huge emergency fund. The dividends from my stocks can also cover over 50% of my monthly mortgage. I am also mentally prepared to liquidate some of my shares (even at a loss) if my emergency fund runs out. I do not know, however, whether this is the best time for one to begin investing in the stock market. My existing stock holdings were all purchased quite a while ago, and I haven't been monitoring the markets very closely, but they do seem a little toppish. |
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However I'm a noob in stocks and shares. Don't know where to start it off |
Our retirement fund allocation (late 30s):
Cash: $460K Stocks: $270K Fixed income: $220K Cpf: $50K |
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How much is you and wife's (combined) cpf OA, SA and MA? Is your condo paid up in full or still got loan? How much loan left? |
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Thanks |
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You can refer to ://.investmentmoats.com/DividendScreener/DividendScreener.php for the yield at the given price and dividend for the top dividend-yielding stocks on SGX. Assuming a conservative 5% yield p.a., a principal amount of $300k would yield $15k in dividends a year. |
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serious anot? i think 80% of the people her just ********ting
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Hahahahaha. |
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