Mid Life Reflection

[jeremy1980]

Wow! Whole family move back into parent house. Hope the parent get some money for it.

Rent free. Hahahah

 

[sickoflife]

Spy got dividend?

Have

 

[elloz123]

I have 3 kids. Hahaha.

Continue working hard lol. How old are they?

 

[langford]

Why not buy another place in a better spot? Give it a couple of years, flog it for a bit of profit, then see what you fancy doing after that.

 

[jeremy1980]

Why not buy another place in a better spot? Give it a couple of years, flog it for a bit of profit, then see what you fancy doing after that.

Yes. Looking for a replacement unit.

 

[qhong61]

Yes. Looking for a replacement unit.

Then nothing to advise

 

[dereth]

Still small. House is big enough for them.

Landed? Wow!

 

[MoeLanYong]

Just sold off my FH 3 bedder. 45yr old.

Now sitting on $1.1m in cash and $0.815m in cpf (500k ordinary, 75k medi, 240k special)

Am I doing ok?

Any good advice on how to invest my cash+cpf?

I am slightly older than you. If I offload my 999 3 bedder, my profile will look something like yours too. I think I am just average or below average.

Should invest back in a property/home. If you want some challenge, use some cash to buy an overseas pty to collect rent. I did that at 45.

 

[Coffeelix]

Just sold off my FH 3 bedder. 45yr old.

Now sitting on $1.1m in cash and $0.815m in cpf (500k ordinary, 75k medi, 240k special)

Am I doing ok?

Any good advice on how to invest my cash+cpf?

Take all the $500 in OA and your cash sale proceeds to buy a 2 to 3 bedrooms freehold walk up apartment for passive income in a good location.

If u ain’t in govt employment,
there is a good chance of losing your job after age 40 with little to no chance of finding another replacement
Then the passive income will b your family’s life line.

 

[jeremy1980]

Take all the $500 in OA and your cash sale proceeds to buy a 2 to 3 bedrooms freehold walk up apartment for passive income in a good location.

If u ain’t in govt employment,
there is a good chance of losing your job after age 40 with little to no chance of finding another replacement
Then the passive income will b your family’s life line.

I'm thinking of maybe getting a old but bigger apartment which can be refurbished into 4 or 5 mini studio for rent.

 

[jeremy1980]

I am slightly older than you. If I offload my 999 3 bedder, my profile will look something like yours too. I think I am just average or below average.

Should invest back in a property/home. If you want some challenge, use some cash to buy an overseas pty to collect rent. I did that at 45.

Which country u invested in?

 

[MoeLanYong]

Which country u invested in?

Perth

 

[Coffeelix]

Sounds good.
In all property investments, location location and location should be the main consideration for the purchase for rental and future capital gains

 

[Laguna123]

I am in this midlife haolian thread.

 

[Coffeelix]

I'm thinking of maybe getting an old but bigger apartment which can be refurbished into 4 or 5 mini studio for rent.

In sg, there is this red tape of 6 pax limit per property for leasing…

 

[jeremy1980]

In sg, there is this red tape of 6 pax limit per property for leasing…

If property is More than 90sqm is now up to 8 per property.

 

[jeremy1980]

Perth

How do u manage ur overseas property. I don't like the lack of control for overseas property and have to leave it at the mercy of your overseas agent.

 

[KPO_SAHM]

Just sold off my FH 3 bedder. 45yr old.

Now sitting on $1.1m in cash and $0.815m in cpf (500k ordinary, 75k medi, 240k special)

Am I doing ok?

Any good advice on how to invest my cash+cpf?

Gold if U intend to pass down to kids.

 

[MoeLanYong]

How do u manage ur overseas property. I don't like the lack of control for overseas property and have to leave it at the mercy of your overseas agent.

I am the opposite. I dun want hassle. I kena before in Sg where a tenant call me go down fix a lightbulb. Australia has a system where a property manager runs the place for owners. They source for tenants, ensures tenants pay and then inspect the property every 3 months - this part important else tenant trash my place. This way, my property is properly upkept. Can last many many years.

6% ROI. Not bad. 7% next year. Will fund my retirement together with CPF Life.

 

[Spike]

I'm thinking of maybe getting a old but bigger apartment which can be refurbished into 4 or 5 mini studio for rent.

Co-living?