Mid Life Reflection

[aarontansp]

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?

No need sell house

Spoiler

 

[Spike]

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

Not advisable to sell high, buy high..

If you were to downsize, you can still maintain the liquidity advantage.

If you were to upgrade, the current cycle is near the property peak with a high likelihood of an economic downturn.

$1M cash sounds a lot but not so much if you were to put in everything and more into your next property.

 

[jeremy1980]

No need sell house

Spoiler

I know there are richer edmwer here. Good for you!

 

[jeremy1980]

Not advisable to sell high, buy high..

If you were to downsize, you can still maintain the liquidity advantage.

If you were to upgrade, the current cycle is near the property peak with a high likelihood of an economic downturn.

$1M cash sounds a lot but not so much if you were to put in everything and more into your next property.

You r right. At the current property market prices, $1m can't buy anything decent.

 

[dry_county]

TS very good life liao…..

 

[Hello_Kitty]

I renovated my parents hse for them and I moved back to stay with them. Rental free. Car-less also. Zero liability now.

how can be zero dependant when u have 3 kids??? with 3 kids, your cash will be depleted within 15 years

 

[kensk76]

You r right. At the current property market prices, $1m can't buy anything decent.

cover downpayment more than enough, who fully pay for their property nowadays? unless they are ultra rich

 

[s_mario]

u alone or include your wife?

normal i feel if its including wife. me ard same age as u..

as a family i siting on close to 1 million in cash , got a house close to 1 million house and cpf around 700k..

 

[tellyphone007]

$1m cash is nothing...

FH Assets + $1m (at least) cash then something..

 

[Coffeelix]

You r right. At the current property market prices, $1m can't buy anything decent.

Can get shoes box units at telok kurau.
My friend bought one a few years ago at $600+ and leased for more than $2k.
Can buy 2 if can get at $800+ .
Can lease instantly
Won’t be at the mercy of mini stir red tapes
I m encouraging my son n his gf to get one and stays with us after their marriage.
Use their cpf to service the mortgage and use the rental and savings to pay down the principal annually to make it an atm for life sooner.
They won’t have problems even they were to be retrenched in their 40s after paying up.
Cash not invested wiil devalue with inflation.

 

[jeremy1980]

how can be zero dependant when u have 3 kids??? with 3 kids, your cash will be depleted within 15 years

That's if I stop working now.

 

[jeremy1980]

u alone or include your wife?

normal i feel if its including wife. me ard same age as u..

as a family i siting on close to 1 million in cash , got a house close to 1 million house and cpf around 700k..

My wife got her own cash + FH property collecting rental. Nvr include hers.

 

[coyote]

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?

Buy another 4 bedder? Then flip again?

 

[jeremy1980]

Can get shoes box units at telok kurau.
My friend bought one a few years ago at $600+ and leased for more than $2k.
Can buy 2 if can get at $800+ .
Can lease instantly
Won’t be at the mercy of mini stir red tapes
I m encouraging my son n his gf to get one and stays with us after their marriage.
Use their cpf to service the mortgage and use the rental and savings to pay down the principal annually to make it an atm for life sooner.
They won’t have problems even they were to be retrenched in their 40s after paying up.
Cash not invested wiil devalue with inflation.

I can't buy 2 at one go. The 20% absd is crazy. I would be buying a bigger apartment if I'm gg to.

 

[Cmonster]

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?

No need sell house

Spoiler

why you all show off here

all the BBFA anti PAP people cannot sleep tonight

because they say Singapore is so jialat so jialat and their life is so bad in Singapore

 

[Teyemittisi]

Sounds like you have no kids. Why the heck are you hoarding so much money? Give to niece and nephew? Just splurge lah

Why splurge on niece and nephews? Should just splurge on us … your true friends… we teach you how to spend and be happy

 

[Lchlch]

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?

You are on retirement mode?

 

[lampano]

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?

Nah pls if u have that amount u wouldnt waste time asking here.

Lunch break over get back to drive yr grab later missout yr incentive

 

[Teyemittisi]

Sinkies are all quite well off.. I think TS profile is very healthy for his age. As long as stay employed, no major illlness, still need plan for kids future education. Otherwise, nothing to worry about….. except….. the risks of getting pawned by WC

 

[jeremy1980]

Nah pls if u have that amount u wouldnt waste time asking here.

Lunch break over get back to drive yr grab later missout yr incentive

To believe or not to believe it's up to you. Don't nid to prove to you. U happy can already.