what should i do
Besides a terrace house my family stay ( has been fully paid off)
I have following investment mainly on local properties Unit A: value 900K, fully paid off. collecting rental : 2500/M 5RM HDB from 2nd hand market many years ago, fully paid off, rental 2000/M Unit B: Market value 1.5M, outstanding loan 600K. rental 3800/M. Unit C: Market value 1.25M, Outstanding loan ,700K. rental 4000/M For Units B & C, we are paying total 7K monthly for instalment with floating interest at 2%+-, leaving us about 5.5K as net passive income from these two units after deducting 2.3K interest for the bank loans. We are planning to retire in 3 years time after I am 60 years old. my question is : If I have accumulated 1.8M cash in hand by the time I come to retirement ( 3 years later) , should I fully settle my outstanding loan ( i.e 1.3M) for Units B and C to enjoy gross 12K monthly income for my family expenditures without any debt ? or I could add another unit worth say 1.2M (Ucall it nit D, paid fully by cash) in my investment portfolio. As a result, the Unit D will say collect aprox. 2500/M rental that would be able to cover the interest amount incurred by Unit B and C. My passive income will still be 12K/M at the same time I might have potential chance to win some capital gain to be generated by unit D? What do you think would be a better way ? |
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Watch collection is just Pateks and Rolexes, all second hand and bought for maybe $40k in all. The $60k estimate is what i can get if i need to sell it today. Fyi, yes it is a hobby but I do flip it quite often and i never buy new. I buy opportune pieces at good prices and if i get bored, sell it for next opportunity. (I also never buy Omegas, Panerai, IWC, Longines, Hublots etc or include them in net worth as those are truly consumer watches which depreciate) Anyway thanks for your advice and will dabble in stocks and etf investments small scale at first to get a feel. Hopefully can report back to this forum with my progress! |
What should I do?
29/Male
Single cpf 50k stocks 65k savings 600k gold 55k no property no car no debt Am self-employed and was blessed with a steady income the last couple of years but am clueless as to what I should do with my spare cash for investments outside of my business. I tried to invest a little in stocks- mostly US tech, but most are not doing very well. Would like to seek the forum's opinion on what I should do? Some advise DCA investing approach in ETFs, while others advise to buy a property. Any advise will be very much appreciated, Thank you! |
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33, married with 1 kid:
Stocks: $700k (Long term holdings) Cash: $200k: in Fix D & Govt Bonds (War chest to take advantage if got golden oppt) HDB: $150k paid up & $170 still loaning, still got 3.5yrs of MOP CPF: $50k Car: left with $32k loan Started invest in stocks since my poly days, sold majority of SG stocks and bought into China stocks in 2015 Sep (China debt crisis), holdings includes Tencent (bought $120+), Alibaba (bought $80 to $90), Galaxy Entertainment ($20+), ICBC etc. I only hold a few companies (<10) Thought of starting a blog to share on my investment journey but not sure if it is really worth the effort. Moreover I am not a good writer. Was from the N level, my psle was only 180+/300. worked my way from N lev, O lev, poly, nus (drop out), ntu and subsequently ntu again for my masters. Now working as a farmer Engineer in govt related co. My plan is to "semi-retire" after my networth hit $2.5m. probably become part time lecturer or teach tuition etc. Eventually I will put half in property, half in stocks. quite new to blogging though, is it worth the effort? since there are already so many "gurus" blogger out there. or just continue farming in my engineer job? |
You can upgrade to a private property
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28 Male, Single
Stocks: $100K Govt/Corp Bonds: $155K CPF: $250K Cash: $100K Own a car No property No debt Total Networth: $600K |
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The CPF is a unique savings scheme where even if you want to put in more money, it is not allowed. Each year, you are allowed to contribute a maximum of $37,740 and not more. That said, there are ways to build up your CPF. One of the challenges my friends and I gave to ourselves (besides attaining certain networth by certain age) was to achieve $1m in our CPF OA by 55. One of our friends achieved that target at 55 yrs 4 months. My OA hit $1m only when I was 56yrs and 10months old! |
Most likely the poster did the following :
flip property or trade shares Or (most likely case) - BLUFF lah... Quote:
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