Need advice on how to grow

[PTEmon]

For someone before 36 who has a full-time homemaker and two preschoolers

- around 500K in cash, SGD (FD and Savings ac)
- Almost fully paid HDB, MOP end 2017
- Salary yearly 400k

Newbie to investments and alternative ways to grow the pot. Aim is to maintain a sustainable lifestyle for the family. I'm new to HWZ and have been reading up. Thanks for the help

 

[havetheveryfun]

For someone before 36 who has a full-time homemaker and two preschoolers

- around 500K in cash, SGD (FD and Savings ac)
- Almost fully paid HDB, MOP end 2017
- Salary yearly 400k

Newbie to investments and alternative ways to grow the pot. Aim is to maintain a sustainable lifestyle for the family. I'm new to HWZ and have been reading up. Thanks for the help

salary yearly 400 ? wow... don't think you need any help, we are the ones who should seek advice from you ...

with such a high yearly salary can just put in the safest FDs for 1-2% interest also a lot of money

 

[Asphodeli]

How come so many rich people posting on this forum for help recently?

Sent from Sony E6533 using GAGT

 

[SBC]

Very impressive income.

Suggest to get an investment property. Safe investment now, interest rate rate is still low. Suggest secondary freehold market for higher value.

Create UOB One & OCBC 360 for higher interest rate. Conditions apply.

 

[PTEmon]

Very impressive income.

Suggest to get an investment property. Safe investment now, interest rate rate is still low. Suggest secondary freehold market for higher value.

Create UOB One & OCBC 360 for higher interest rate. Conditions apply.

I'm currently on Citibank maxigain and dbs multiplier. Are they good?

 

[evilbdboi]

You are the man in the car asking the man taking the subway to work how to succeed in life. Strange

 

[Frostmourne1987]

Hmm you got me thinking what are you working as? You mentioned you are a newbie to investment, but i can't find a non-banker/investment job that pays $400k annually.. even admin service also doesnt pay that much for a 36 year old..

 

[PTEmon]

Hmm you got me thinking what are you working as? You mentioned you are a newbie to investment, but i can't find a non-banker/investment job that pays $400k annually.. even admin service also doesnt pay that much for a 36 year old..

I am not in financial services, doing sales in consulting. Sorry but I am not well verse with investments and growing money

 

[wahkao3]

400k pa
jin satki!!

 

[Kaiju$]

I am not in financial services, doing sales in consulting. Sorry but I am not well verse with investments and growing money

Nice ! Your company hiring? I can be your underling.

 

[intime]

For someone before 36 who has a full-time homemaker and two preschoolers

- around 500K in cash, SGD (FD and Savings ac)
- Almost fully paid HDB, MOP end 2017
- Salary yearly 400k

Newbie to investments and alternative ways to grow the pot. Aim is to maintain a sustainable lifestyle for the family. I'm new to HWZ and have been reading up. Thanks for the help

Just take up one of the regular shares savings plan, so you don't have to time the market, and concentrate on your high paying job,
- http://www.posb.com.sg/personal/investments/investing-in-funds/invest-saver
- https://www.ocbc.com/personal-banking/investments/bluechip.html
- http://www.maybank-ke.com.sg/products-services/products-services-listing/monthly-investment-plan/

Since you have a dbs account, you can set up a regular savings plan online for Nikko STI ETF and ABF Bond fund. Both pays dividends currently.

To invest in more markets overseas in a regular automatic basis, you can look up Maybank KE's monthly investment plan. There, you can set up regular savings plan over 5 markets, singapore, usa, hong kong, malaysia and thailand.

 

[PTEmon]

Just take up one of the regular shares savings plan, so you don't have to time the market, and concentrate on your high paying job,

Since you have a dbs account, you can set up a regular savings plan online for Nikko STI ETF and ABF Bond fund. Both pays dividends currently.

To invest in more markets overseas in a regular automatic basis, you can look up Maybank KE's monthly investment plan. There, you can set up regular savings plan over 5 markets, singapore, usa, hong kong, malaysia and thailand.

Thanks bro. I will read up!

 

[PTEmon]

Sorry bros, I can't reply PM until I've accumulated 10 post

 

[Yeh123]

All dump into STi etf

 

[iperiodic]

Sorry bros, I can't reply PM until I've accumulated 10 post

u go EDMW can get 5 post liao

btw if it's some desperate agents trying to sell plans to you, please steer clear.

 

[PTEmon]

Thanks. What is IFA?

 

[kennethtbh]

Thanks. What is IFA?

independent financial advisors

 

[Kaiju$]

Thanks. What is IFA?

Independent Financial Adviser.

For a start you can look at Singapore Savings Bond,
http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx

 

[PTEmon]

Thanks. Quite a number of IFA Pmed me. Most of them have interesting proposals.

Should I subscribe for the next SGS ?

 

[wira]

Thanks. Quite a number of IFA Pmed me. Most of them have interesting proposals.

Should I subscribe for the next SGS ?

Haha once you mentioned $400k income all the sharks will come circling.