1 Million SGD

i suggest you save up money and invest in blue chip stocks once the bloodshed is over in the next couple of months.

[Hermit]

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?

Saving in safe haven currency (and SGD is one) is ok except for the possibility of competitive devaluation. The Swiss just joined the bandwagon. You can consider Gold/Silver or other commodities.

Originally Posted by Unregistered

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%?

Stanchart CDA now gives only 0.5%. I'm thinking of shifting my money out.

Which banks currently gives the highest deposit rate?

Also in a similar situation. Parents transferred a terrace house to me. If I am planning to get married, how do I structure to keep the house seperate from my marital assets? (such that in situation of divorce, won't get clawed by wife?)

I love my fiance but since life is so unpredictable, you will never know right?

My parents told me that unless there is a way of seperate my wealth, they will keep the assets in their name.

I am reallly hoping to get the house transferred to my name so I can sell it. My aim is to split the house up into 2-3 condos and live off the rent (so that I don't need to work anymore)

Advice appreciated. Don't want to go to a law firm at this stage because fiance may get very upset.

I am just checking my options .. and don't want to "da chao jing she" at this stage..

[greypiggi]

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.

Depends on what kind of returns u want and how much risk u can take and time frame.

1) Min risk - Put in SG govt bonds 10 year. I think yield 2+%.

2) MIn risk but may need money - Short term SG bonds expiring in next 1-3 years. Yield will be about 1+%. Please choose investment grade - A rating.

3) Med risk, min 5 years horizon - Investment grade bonds with leverage or property like previous posters suggested. Can prob get 3-4%. For Bonds, leverage it at 50%.

Get a private bank. Tell them you got more where it came from and want to start with 1M SGD first. Reason is for low bond commissions.

4) HIgh risk, min 5year horizon. Hold in cash, wait for a major correction and load up on blue chips to $700-800K. Keep 200K in ccase you are wrong and market crash some more. Buy again.

Good luck! My 2 cents and it is what i would do. Please do you rown research!

[jwow2828]

Originally Posted by greypiggi

Depends on what kind of returns u want and how much risk u can take and time frame.

1) Min risk - Put in SG govt bonds 10 year. I think yield 2+%.

2) MIn risk but may need money - Short term SG bonds expiring in next 1-3 years. Yield will be about 1+%. Please choose investment grade - A rating.

3) Med risk, min 5 years horizon - Investment grade bonds with leverage or property like previous posters suggested. Can prob get 3-4%. For Bonds, leverage it at 50%.

Get a private bank. Tell them you got more where it came from and want to start with 1M SGD first. Reason is for low bond commissions.

4) HIgh risk, min 5year horizon. Hold in cash, wait for a major correction and load up on blue chips to $700-800K. Keep 200K in ccase you are wrong and market crash some more. Buy again.

Good luck! My 2 cents and it is what i would do. Please do you rown research!

Thanks Greypiggi for all the suggestions!

I've decided to go with something similar to option 4 at the moment. Probably hold cash and buy on dips esp blue chips, reits and STI ETF.

Originally Posted by Unregistered

Stanchart CDA now gives only 0.5%. I'm thinking of shifting my money out.

Which banks currently gives the highest deposit rate?

I posted the above question. The answer can be found here:
https://forums.salary.sg/investments-...ave-money.html

CIMB StarSaver gives 0.8% but you have to put in additional $500 (or more) every month.

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You can do your investments part by part or in full scale or any ways you want, depending on your comfort level and it would be absolutely delightful to have a detail meeting with you, explaining and taking you through all these opportunities.

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[lazyplane]

Originally Posted by Unregistered

Also in a similar situation. Parents transferred a terrace house to me. If I am planning to get married, how do I structure to keep the house seperate from my marital assets? (such that in situation of divorce, won't get clawed by wife?)

I love my fiance but since life is so unpredictable, you will never know right?

My parents told me that unless there is a way of seperate my wealth, they will keep the assets in their name.

I am reallly hoping to get the house transferred to my name so I can sell it. My aim is to split the house up into 2-3 condos and live off the rent (so that I don't need to work anymore)

Advice appreciated. Don't want to go to a law firm at this stage because fiance may get very upset.

I am just checking my options .. and don't want to "da chao jing she" at this stage..

Go and read up about creating a trust.
Finally, if all else fails, sign a pre-nuptial if you really that worried.
Explain to wife this house belongs to family and must be so regardless of change in status. Some royal/nobel folks in other countries have done similiar structures.

Originally Posted by lazyplane

Go and read up about creating a trust.
Finally, if all else fails, sign a pre-nuptial if you really that worried.
Explain to wife this house belongs to family and must be so regardless of change in status. Some royal/nobel folks in other countries have done similiar structures.

If u are worried about your fiance at this stage, and if your fiance would get angry with u for geting a pre-nuptial, are u sure that your fiance is not in it for the $?