1 Million SGD

[jwow2828]

I've recently come into a sum of 1 mil SGD.

Seeking help from any gurus here on ideas on how to invest it.

I'm aiming for capital protection and recurrent income.

Thanks for any advice in advance.

[dellysunny]

buy 1 studio condo with full cash, and the other 2rm/3rm condos with 20% downpayments, rent them out and you should be more or less secured with your investment.

[jwow2828]

Originally Posted by dellysunny

buy 1 studio condo with full cash, and the other 2rm/3rm condos with 20% downpayments, rent them out and you should be more or less secured with your investment.

thanks for the advice, dellysunny.

definitely still considering property purchase, but due to the 40%LTV that means a higher quantum for investment (as i have other property loans) and the 4 yr SSD is very put-offing. plus Singapore residential property looks very expensive now.

Originally Posted by jwow2828

I've recently come into a sum of 1 mil SGD.

Seeking help from any gurus here on ideas on how to invest it.

I'm aiming for capital protection and recurrent income.

Thanks for any advice in advance.

Besides property (which is sky high now), consider buying some high dividend stocks like Starhub, which easily gives >5% dividend year after year. Leave some cash in 1% interest savings account, so you can exploit investment opportunities when the crash comes.

Originally Posted by Unregistered

Besides property (which is sky high now), consider buying some high dividend stocks like Starhub, which easily gives >5% dividend year after year. Leave some cash in 1% interest savings account, so you can exploit investment opportunities when the crash comes.

can consider buying overseas properties or singapore commercial property

[jwow2828]

Originally Posted by Unregistered

Besides property (which is sky high now), consider buying some high dividend stocks like Starhub, which easily gives >5% dividend year after year. Leave some cash in 1% interest savings account, so you can exploit investment opportunities when the crash comes.

thanks for the advice!

my banker is only giving me around 0.8%. may i know which bank is offering 1% for savings account?

Originally Posted by jwow2828

thanks for the advice!

my banker is only giving me around 0.8%. may i know which bank is offering 1% for savings account?

stanchart e$aver linked to a CDA account earns 1%. you must have a Child Development Account (CDA) with the bank.

which bank gives 0.8%?

here's the link:

Standard Chartered Bank

[Liverpool]

Originally Posted by jwow2828

I've recently come into a sum of 1 mil SGD.

Seeking help from any gurus here on ideas on how to invest it.

I'm aiming for capital protection and recurrent income.

Thanks for any advice in advance.

how can u just suddenly came to a sum of 1 mil? care to share?

likely toto or inheritance. possibly property speculation (eg buy last year sell this year).