Mid Life Reflection

[esandwich]

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?

the reflection you get here and in other forums (eg ppty, car brand forums, porsche club) will be quite different.

for me, you are not poor but not rich. you have no ppty so any purchase gonna wipe out most of what you have. alternate view, most of the current pte owners are basically in same financial state as you.

end of the day, most of the middle class group is actually same same but different. so maybe thats why need to ask if im ok. the 2 ends of the spectrum - the poor and real rich wont bother. always the middle class

 

[Suporter]

Life is short. Enjoy it if got no high aspirations.

 

[Can Or Not]

Not haolian. Wanna seek guidance from rich edmwers here.

I earn $20k/year
let me give you some advice, buy a MacBook and go Starbucks drink kopi ok?

 

[Can Or Not]

Then where you going to live?

 

[fandango]

Bookmarked....

 

[fandango]

TS, I would have hold on to the 3 bedder FH apartment. But I know you have your reasons, so water under the bridge already.

I will now:

1. For each of the 3 kids, transfer $20k from your OA into their SA.

2. The children schools location will determine your next property purchase. Wait 30 months, buy a cheap resale flat. This will be your home/base.

3. Concurrently, "strategise" such that you buy a private property AFTER buying the resale flat, and try to avoid ABSD

 

[Hakuna Matata]

Better than most lor. Owned multiple properties ah? Move back to HDB?

 

[One Month Notice]

Ts so rich so humble . No car nia.

Woah.. envy siol.

 

[MoeLanYong]

aussie dollar BKY leh

Yes bky. Please don't, for you.

For me, I know it well enough.

 

[jeremy1980]

Lol.. can share with us, Wad Yr yearly contribution to cpf oa sa ma from start to roll to this amounts? And Any top up in process?

The cpf was refunded after I sold my property. It's accumulated with accured interest.

 

[jeremy1980]

TS, I would have hold on to the 3 bedder FH apartment. But I know you have your reasons, so water under the bridge already.

I will now:

1. For each of the 3 kids, transfer $20k from your OA into their SA.

2. The children schools location will determine your next property purchase. Wait 30 months, buy a cheap resale flat. This will be your home/base.

3. Concurrently, "strategise" such that you buy a private property AFTER buying the resale flat, and try to avoid ABSD

I'll consider pt 1.

For pt 2, my spouse owns a private. I guess I can't buy any hdb at all unless she sell hers?

 

[fandango]

I'll consider pt 1.

For pt 2, my spouse owns a private. I guess I can't buy any hdb at all unless she sell hers?

Correct.

 

[Yuripa]

I'll consider pt 1.

For pt 2, my spouse owns a private. I guess I can't buy any hdb at all unless she sell hers?

Divorce her and take your time to get a good location hdb but try to find a 4 room flat unit that is priced as low as possible, can consider getting lower floor units.

HDB rental yield is 7% pa. I can't believe my ex-colleague rented out his 4 room hdb at $4300.

I think even if you do room rentals, you should be able to lease out at minimum $1.1k for common room.

 

[sellbuyboy]

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?

Still got property to stay?

 

[nasfieldjohn]

richman edmwer spotted

 

[elloz123]

the reflection you get here and in other forums (eg ppty, car brand forums, porsche club) will be quite different.

for me, you are not poor but not rich. you have no ppty so any purchase gonna wipe out most of what you have. alternate view, most of the current pte owners are basically in same financial state as you.

end of the day, most of the middle class group is actually same same but different. so maybe thats why need to ask if im ok. the 2 ends of the spectrum - the poor and real rich wont bother. always the middle class

Exactly but the boomer only wants to feel good about himself. Coping with black holes etc

 

[sellbuyboy]

I feel TS is doing good leh. Asset despite no property now seems healthy and the fact, he has 3 kids. Quite amazing cashflow control?

 

[sellbuyboy]

Exactly but the boomer only wants to feel good about himself. Coping with black holes etc

45 is not gen x? Why boomer huh

 

[elloz123]

45 is not gen x? Why boomer huh

Boomer to me

 

[BlackTortoise]

richman edmwer spotted

Ya. Hao Lian thread still survive until NAO. Huat ahh!