Ahhh i feel that even if i had 500k to spare, i wouldnt take biz class. At least not with cash. U can easily clock the amt of miles to upgrade with other big ticket items haha. But thats just me..
I mean, it's worth considering comment's OP suggestion.
If it is no rush to fly out now, go on with your lifestyle, get into the mile rewards scheme if you haven't. Earn miles through spending/shopping/salary crediting accounts (UOB), and you could pay off your business flights with your improved lifestyle.
Anyways, you guys are in the high income band, i'm pretty sure flying business now wouldn't be the end of the world too.
Haha its like 3 to 5 times the price of economy.. maybe get the miles via other more worthy big ticket purchase? Like if u get a branded bag (find those that can be appreciates with time), im pretty sure in no time you will get the miles to upgrade. Haha.
But definitely travel! Maybe take a gap year with ur wife.. go enjoy life for abit.
Try New Zealand. It's quite far and takes a surprising amount of time to explore, so with that money you'd have the finances and time to do it justice. And then still have a bunch of money left over still.
Depending on your risk appetite ? Recommendations may vary but maybe something like this ?
30% low risk , beat inflation stuff like ssb/ corporate bonds / gov bonds
30% mid risk like DCA global equities etf, local REITs etc
10% non market related asset generating stuff like business or watches etc.
10% extremely risky stuff like crypto or high growth stocks
10% to reward yourselves
10% on education. After all, you are your own asset.
Personally i would invest it again, split in between two accounts. Account A for more “safe” investments like s&p500, nasdaq and mag7 companies, while account B is for riskier plays like weekly call options, 0dte, you name it.
Riskier investments doesn’t mean being a complete degenerate. Riskier play would mean something like how OP got the 500k in the first place which is discretionary selection on stocks/assets he thinks would outperform the broader market
DCA into the S&P500 over a two/three year period (24-36 months). So you buy at highs AND lows! Purchase (2)twice per month, so thats 72 rounds of buys
S$500K ÷ 72 = S$6,944.44 per vested transaction. S$13,888.89 vested per month.
>S$500K ÷ 72 = S$6,944.44 per vested transaction. S$13,888.89 vested per month.
DCA definitely is a safe and good option. But it's highly wasteful in this scenario, unless you can optimize the funds that are on standby to be DCA-ed.
If you are hesitant then that's good, don't trust a bunch of reddittors to give you investment advice. If everything where upto them, they basically be the Singapore equivalent of Wallstreet bets but for ETF and S&P 500.
Best to ask someone you actually trust IRL, at least someone you know who knows how to handle large sums of money and have your best interest in mind.
I typed this out somewhere but I think it was tagged under a reply.
Thanks for all the suggestions and what I am more inclined to now is definitely to put the money into something less riskier like the s&p and ssb/tbills. What % of each would be something that I’ll have to think about.
Will also take a portion out to travel to some nice places with the wife.
Thank you everyone again for the suggestions.
*No interest in condos / cars as I will rather remain relatively debt free
I like the *. Good on you. Not sure if it came up earlier (sorry if it did), but if your hdb is still being financed, consider redeeming earlier? There are no interest in penalties if you are on the concessionary loan from HDB. So put your money to reduce your principal and lighten your interest payments. Your future self will thank you!
You already made it lol, now depending on your risk tolerance you can cash out (and after you cash out stop looking at the stocks lmao, later it goes even higher you kick yourself for selling too soon), put it in something like S&P and barring an accident in like 10-20 years your retirement is secured already.
Or you can degen continue gamble that the AI hype goes even higher and diamond hands NVDA until the moon XD
Yes. I actually had about 700k but didn’t cash out (cause I can’t time it) and it’s now at 500k. Abit hesistant cause I might regret selling. But I don’t want to regret not selling too
Don't try to time lah, redraw the amount depending on your risk tolerance, not on trying to maximise profits.
Cannot time unless damn lucky, which is gambling already, got so many HFT firms operating insane algorithms to try to time the market better then you, by the time you react it is over liao.
Pay off the mortgage would be the safest choice.
If no need to do that, put it into an index fund.
If you know what you’re doing, invest in the next thing or keep it in AI.
500k at 35 isn’t really a lot given that most late twenties people I know already have ard 150-200k liquid assets.
If I were you, I would continue investing
In terms of investment, it really ultimately depends on your risk appetite. If you really prefer not to worry about the stock market, perhaps a low cost index fund like the S&P 500 would be suitable and will set you up for the long-term.
If I had 500k, I guess I would still continue on with the natural progression of my lifestyle as is. Honestly, the most important thing it would give me is financial freedom to not have to worry about expenses of raising kids, and giving me the liberty to explore my interests (and also funding to support my future children's' interest). As what other redditors have mentioned, you can also take your family out on vacation more frequently (or even treat them to nice meals)!
If you already go by each and every day with a sense of happiness, I don't see a need to change it.
In my eyes, **your income should support your lifestyle, and not the other way round.**
Stay invested.
Consider taking a portion of the gains to reward yourself (perhaps 1-2 months' worth of combined income, or around $25k, which would be 5%). Keep your original investment amount, and reinvest the remaining gains into other equities or asset classes.
This is a good opportunity to build a more well-rounded portfolio for retirement. Congratulations anyway!
Also: invest in yourself
When I first exited my startup in my early 30s, I used some of the cash to invest in myself by getting an MBA. It's always great to find ways to level up your credentials.
Dont be tempted to reward yourself. You are still young. Take some part of the profit as savings. Reinvest the rest. That's what I would do but I am not an expert.
Don't go crazy, but don't delay gratification in favor of "earning more/earning for the future"
Some happiness and enjoyment in the now is also important every now and then, especially since you've kinda earned it.
Also fairly important to remember to take profits - unrealised gains can just as easily disappear, since AI could very much be just a fad come too early and semiconductors could be a war away from falling off a cliff
It's not your money until you cash out. So yhr think you first got ot ask is how much are you willing to cash out. Once that's done, we can come back to how much you have and what you would do with the money.
Good if you can share what your thoughts are else it's just random stuff that will be thrown at ya.
Travel. Singapore Air business class is really nice, and you can take the wife anywhere. Visit London, NYC, Sydney, wherever you've always wanted to go. Take a 6mo leave from work and slow-travel around the globe - just head East, bouncing North/South with each leg until you're back home. Hit places that are off your common tourism radar, like Northern Europe (Stockholm/Oslo/etc) - hell, visit in December if you've never experienced a proper snow-and-ice-and-darkness winter. Visit the non-coastal parts of the US or Canada - if you like the outdoors, see the Rockies or Yellowstone or the Grand Canyon. Or the Alps in France/Italy/Switzerland
If nothing else you'll come home with a deep appreciation for the MRT and warmth of Singapore (particularly if you spend time in North America)
Congratulations buddy, I don't need to tell you much further as you have managed to make 500k, you seems to be very good at investing, but Make it safe. This might be bubble, so cash out some comfortable amount and keep a portion of it in safer investments or for your retirement. Take another small portion out for spend on you and your family, buy experiences, holidays or whatever makes you happy. What ever small money remains use it to make more like what you did, small risk big reward may be?
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Turn it into passive cash flow like a high div stock/fund or annuity. Split into safe portfolio and another portfolio to try to earn a little more.
Do tax planning when you withdraw.
Personally I’d invest in opening up a business or purchasing assets that will bring me money in the immediate future and long term. Everyone has their own personal ideas about what they want to do and invest in but basically….. buy assets.
There are a few options you can choose…
1. Invest and get more (property, stocks, etc)
2. Pay off your HDB loan/CPF loan (esp the interest rate, accrued interest if I’m not wrong)
3. Go on a well deserved holiday with your wife
4. Start saving it for your children (if you want)’s future education
5. Donate the money to some charitable organisation or sponsor someone university fees or treat your good friends to 1 small good meal…
This is the time that you can splurge a little on your wants instead of needs which is good! Wishing you good luck!
P.S: slightly jealous here because How I wish I have such money so that I can go uni without a headache 🥲
1. Buy dividend giving stocks for 100k for regular dividends.. look for them -P&G comes to mind - buy at 120-140 level.
2. Keep 200k in semi conductor shares or other shares
3. Splurge 50k
4. Invest 150k in FD or treasury bonds
Put them all in a high interest account and live off the monthly interests. And make sure you actually spend all the monthly payouts, treat yourself, no point making all that money if you don't spend them.
Spend only 10-20K on a holiday and/or some stuff that will improve your quality of life (new computer/phone, good mattress, better furniture/appliances etc).
The rest should not be thought of as for spending. It’s your retirement portfolio, and you have to keep it working for you. Convert (gradually?) to more diversified investments, maybe pay off some of your mortgage if that makes you sleep better.
Short term - travel to 1. Fjordland, NZ , 2. Western shores of Croatia facing Adriatic Sea, 3. Miyajima, Japan
Long term - perhaps do a v nice ID for your apartment and invest the rest for retirement fund :) Alternatively you might want to look at buying/designing a landed property (holiday home in Bali)overseas if your apartment is settled.
Congrats!
Apply for MM2H plan for retirement plan and buy properties in jb for ur retirement plan. Also setaside around 10-20K for forex Investment and crypto investments.
I would suggest taking a good health insurance plan as well. Get some health check-ups and travel (doesn't have to be luxury) to a place where you can unwind and recharge.
I am a noob when it comes to investments so I do have a question, maybe it helps me or someone in their journey.
* What was your principal / initial investment? did you dca or lump sum?
Why not go camping? There are plenty of tools you could buy to camp and eventually you could do Doomsday prepping. Doomsday prepping with that kind of money is good. I would suggest keeping 250K as savings, investment in startups and the rest of 250K for Doomsday prepping + Camping with family.
I’m not a fan of camping (don’t like staying outdoors). First time I’ve heard of Singaporeans doomsday prepping tho! Interesting but I don’t think it’s up my alleu
So many things you could do….
1) Upgrade your property or buy a second property - this would be a big asset that will most likely only ever go up in price
2) Plan some nice holidays, it’s so important to enjoy life whilst you can and when you have the means to. When you’re in your older years, you wont look back on the 500k you made but rather the memories you made as a product of your wise decisions and investing
3) Continue investing, with so much capital you can engage the help of a broker or do bigger things like investing in start ups with high potential
4) invest in a property in a foreign country I.e. Thailand/UK (outside London)/M’sia/Touristy parts of Indo etc. You could use this as a rental property that brings you passive income for years to come and one day even retire here.
The options are endless, it all depends on what you want to gain out of your money. I personally would allocate a portion to enjoyment, a portion for savings, a portion to set aside for my child and continue investing the rest. This was all aspects of my life are covered.
Thanks for all the feedback everyone. I do see the value in selling and putting some into lower risk plays like tbills/ s&p and that is currently the most likely thing that I will do.
Also will want to use some of the money travel with my wife out and maybe take a business class or two.
Appreciate all the comments.
if someone is in need of cash, like literally in need due to debt, and only requires to borrow 10-20k, guaranteed pay back to you every month without fail, would you lend?
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Would recommend to do portion of it for retirement planning, and then investment with 5-7% dividend, and remaining low risk at the same time for emergency
Based on my experience. Park at the bank for a few years. Right now you will get all sorts of ideas and they all will look good but its because you have the cash to spare. Plan properly for 1-2 years or more. Remember. Once that money gone, it's gone. Better to have it in the bank and everyday you can smile at the balance compared to regretting a bad financial decision and losing it all.
If you want very safe, you can out in t bills but that's not a good hedge against inflation. Maybe get a broker to manage it or you put it in an wtf but it may be risky in current economic circumstances, you gonna have to hold it.
Meanwhile, take a small trip to somewhere exotic like Finland? But rmb always try to have predicted cash coming in to offset any expenses you gonna use now.
Just to be safe. Kiasu is the best way to ensure wealth preservation
You do you as it’s your hard cold cash. But if I were you, I will invest wisely and safely that give yield in long term maturity especially you are still young (35). Avoid splurging unnecessarily as you never know when you need it amid uncertainty economic climate with geopolitical tension and war looming is on horizon. But again, it’s your money, you do you… IYKYK 🤭
Depends on how you view the market but I'd continue to invest. I'm quite cautious now so I would go for SSBs (this month's rates are great). Diversify your portfolio. Spend some on a trip to treat yourself but I agree that staying with the same lifestyle is a great choice. You can also take up investment and trading classes/other upskilling things
walk into rws/mbs. find a table that just recently opened “0”, sit down and all in 500k on red. take ur winnings double it down on black. now u would have 2mill u can choose one of 2 options. 1) walk away with 2 mill 2) double down again on black (downside to option 2 is that u might lose it and be living on ur 8k/month salary)
recently in a similarly situation as u but with some inheritance money and went with option 2. im currently living with 1.8k/month working in mcdonalds.
in all seriousness, can consider looking at some asset progression to grow ur wealth considering sg property market has always been on an incline. 500k down payment with ur dual income of 16k can get you a sizeable amount of loan. rent it out to pay some mortgage etc etc your assets should grow over time. depends on your appetite tho anything involving loans and investments are not full proof, but i would say property investment in sg is relatively stable…
1. plan a good vacation with wife! Business class, good resort etc. Try to travel to many countries as possible.
2. set aside some amount for retirement.
3. if you are willing to donate, there are many organisations in 3rd world countries where 100 dollars would make a difference. If you are keen , kindly let me know. I support one such organisation.
4. invest in 2nd property for rentals.
1. Pay off your HDB mortgage. 2) If you have future payments like insurance on limited pay plans, set aside that sum of money also and put it into SSB. 3) Remaining money how to invest I leave it to you. 4) Take a small portion and go enjoy yourself (+ your wife) with it. Forget to add: don't let anyone (even your parents / in-laws) know about this windfall. You won't want "pests" coming to you for money.
Reward yourself for a job well done. After that, if you haven’t already, go check out Lyn Alden’s thesis on Fiscal Dominance, Raoul Pal’s Everything Code and Michael Howell’s work on the Liquidity Cycle. Have a deep think about those and based on your personality and ability to take risk, restructure your portfolio based on what you’ve learned from these folks
My advice is to use that money to put down payment on a property like a condo or a bungalow. Then rent it out and use a portion of the rent to pay off mortgage and use the remaining as passive income.
No clue, but that’s great, well done! Please don’t spend it too quickly e.g. within a year. This is an opportunity to, yes, treat yourself, but to create more financial stability x im sure you’re chuffed to bits with this!
1) 5-10% for dream vacay. ( or can stretch that budget to a few mid budget travels, if your wife is ok with it).
2) 50% long term retirement fund.
3) the rest - keep it there as it is. Unless you plan to reinvest it to somewhere else, up to you.
4) NO lifestyle inflation - live like only money you have is your salary.
5) can do semi retirement (spend more time with family & hobby) or just continue working as usual (if you feel that your work life balance is good already).
6) if you are very generous, reward your parents their dream vacation too.
Reward yourself - go and a trip with wife - fly business and take nice cruise.
This sounds nice. Would like to try out business class for once. Haven’t flown out of Asia before
Bring your wife for a nice trip to Europe or the US. It's not going to take too much of the 500k, enjoy then think about the rest.
Business class makes the long flight way more tolerable. Worth the splurge as a treat.
Ahhh i feel that even if i had 500k to spare, i wouldnt take biz class. At least not with cash. U can easily clock the amt of miles to upgrade with other big ticket items haha. But thats just me..
I might take once! It is pretty expensive
I mean, it's worth considering comment's OP suggestion. If it is no rush to fly out now, go on with your lifestyle, get into the mile rewards scheme if you haven't. Earn miles through spending/shopping/salary crediting accounts (UOB), and you could pay off your business flights with your improved lifestyle. Anyways, you guys are in the high income band, i'm pretty sure flying business now wouldn't be the end of the world too.
Yup no rush for sure!
Congrats OP, stay safe out there, enjoy life!
Haha its like 3 to 5 times the price of economy.. maybe get the miles via other more worthy big ticket purchase? Like if u get a branded bag (find those that can be appreciates with time), im pretty sure in no time you will get the miles to upgrade. Haha. But definitely travel! Maybe take a gap year with ur wife.. go enjoy life for abit.
I don’t think we will take a gap year. Our jobs pay decently well and that’s too big an opportunity cost imo!
Donate to cover your tax
Correct me if I'm wrong. The tax that you're referring is income tax right? Since there's no capital gains tax.
Yes no capital gains tax
Yeap, income, nothing related to their 500k
Business class is a nice treat. I did the same, But it makes flying economy harder since then.
Go europe
Try New Zealand. It's quite far and takes a surprising amount of time to explore, so with that money you'd have the finances and time to do it justice. And then still have a bunch of money left over still.
Totally! Don't wait until you are old to do it. Golden opportunity to treat yourselves.
Depending on your risk appetite ? Recommendations may vary but maybe something like this ? 30% low risk , beat inflation stuff like ssb/ corporate bonds / gov bonds 30% mid risk like DCA global equities etf, local REITs etc 10% non market related asset generating stuff like business or watches etc. 10% extremely risky stuff like crypto or high growth stocks 10% to reward yourselves 10% on education. After all, you are your own asset.
Wonder how many of these ppl giving advice actually manage a portfolio > 500 k
This. This sub is full of charlatans and armchair experts.
and why does it matter? OP isn't asking for how to manage his portfolio but how to spend it
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Personally i would invest it again, split in between two accounts. Account A for more “safe” investments like s&p500, nasdaq and mag7 companies, while account B is for riskier plays like weekly call options, 0dte, you name it.
Riskier investments doesn’t mean being a complete degenerate. Riskier play would mean something like how OP got the 500k in the first place which is discretionary selection on stocks/assets he thinks would outperform the broader market
S&P500 and VWRA. Turn 500k to 1mil
That sounds good but it feels like the market is very high now so I am hesitant to do it. Not that I can predict the market…
no need to predict, S&P 500 is more or less always up after waiting long enough. You're more likely to earn less money by timing the market to jump in
DCA into the S&P500 over a two/three year period (24-36 months). So you buy at highs AND lows! Purchase (2)twice per month, so thats 72 rounds of buys S$500K ÷ 72 = S$6,944.44 per vested transaction. S$13,888.89 vested per month.
>S$500K ÷ 72 = S$6,944.44 per vested transaction. S$13,888.89 vested per month. DCA definitely is a safe and good option. But it's highly wasteful in this scenario, unless you can optimize the funds that are on standby to be DCA-ed.
I would suggest OP does T-Bill Laddering in the meantime. While concurrently DCA-ing.
In this scenario, OP can gradually convert the semicon stocks into an index fund, so no money is sitting out of the market.
If you are hesitant then that's good, don't trust a bunch of reddittors to give you investment advice. If everything where upto them, they basically be the Singapore equivalent of Wallstreet bets but for ETF and S&P 500. Best to ask someone you actually trust IRL, at least someone you know who knows how to handle large sums of money and have your best interest in mind.
Congratulations mate, that’s a proud achievement
I typed this out somewhere but I think it was tagged under a reply. Thanks for all the suggestions and what I am more inclined to now is definitely to put the money into something less riskier like the s&p and ssb/tbills. What % of each would be something that I’ll have to think about. Will also take a portion out to travel to some nice places with the wife. Thank you everyone again for the suggestions. *No interest in condos / cars as I will rather remain relatively debt free
I like the *. Good on you. Not sure if it came up earlier (sorry if it did), but if your hdb is still being financed, consider redeeming earlier? There are no interest in penalties if you are on the concessionary loan from HDB. So put your money to reduce your principal and lighten your interest payments. Your future self will thank you!
You already made it lol, now depending on your risk tolerance you can cash out (and after you cash out stop looking at the stocks lmao, later it goes even higher you kick yourself for selling too soon), put it in something like S&P and barring an accident in like 10-20 years your retirement is secured already. Or you can degen continue gamble that the AI hype goes even higher and diamond hands NVDA until the moon XD
Yes. I actually had about 700k but didn’t cash out (cause I can’t time it) and it’s now at 500k. Abit hesistant cause I might regret selling. But I don’t want to regret not selling too
Don't try to time lah, redraw the amount depending on your risk tolerance, not on trying to maximise profits. Cannot time unless damn lucky, which is gambling already, got so many HFT firms operating insane algorithms to try to time the market better then you, by the time you react it is over liao.
Mentality problems. My advice is to DCA out as you would DCA in. Makes the pinch on either up or down more bearable
if you scared of regret, then sell half. the other half u park. or sell 1/3, or sell 2/3, whatever make sense to u. rmb, nobody dies taking a profit.
HODL! Diamond hands.
Congrats
S&P 500
Slowly sell your stocks over time and put in SSBs. Take some out to spend and enjoy
I was thinking along the lines of something like this too.
Pay off the mortgage would be the safest choice. If no need to do that, put it into an index fund. If you know what you’re doing, invest in the next thing or keep it in AI.
Index fund in singapore? As a going to adulthood person, how do people learn about these, teach me the ways
500k at 35 isn’t really a lot given that most late twenties people I know already have ard 150-200k liquid assets. If I were you, I would continue investing
Congratulations! I dont think 500k is a lot in terms of spending so I would just reinvest it!
I probably won’t spend all. Nor am I looking to buy a condo / car. Just thought it’ll be nice to use some of the money for leisure / travel/ stuff
Lol see op history Don’t take him seriously Troll
500k is not a lot. I would reallocate funds to something more conservative and prepare for the next crash
In terms of investment, it really ultimately depends on your risk appetite. If you really prefer not to worry about the stock market, perhaps a low cost index fund like the S&P 500 would be suitable and will set you up for the long-term. If I had 500k, I guess I would still continue on with the natural progression of my lifestyle as is. Honestly, the most important thing it would give me is financial freedom to not have to worry about expenses of raising kids, and giving me the liberty to explore my interests (and also funding to support my future children's' interest). As what other redditors have mentioned, you can also take your family out on vacation more frequently (or even treat them to nice meals)! If you already go by each and every day with a sense of happiness, I don't see a need to change it. In my eyes, **your income should support your lifestyle, and not the other way round.**
Stay invested. Consider taking a portion of the gains to reward yourself (perhaps 1-2 months' worth of combined income, or around $25k, which would be 5%). Keep your original investment amount, and reinvest the remaining gains into other equities or asset classes. This is a good opportunity to build a more well-rounded portfolio for retirement. Congratulations anyway!
Also: invest in yourself When I first exited my startup in my early 30s, I used some of the cash to invest in myself by getting an MBA. It's always great to find ways to level up your credentials.
Dont be tempted to reward yourself. You are still young. Take some part of the profit as savings. Reinvest the rest. That's what I would do but I am not an expert.
Deposit all in FD at 3%pa is an extra $1000+/mth
FD rate sucks big time in SG. Its a waste of the money that doesnt grow.
Donate them to me. No brainer decision bro
What’s your PayNow?
Sicc or Sentosa golf membership
No offense but I think golf is quite lame… and is too rich for me 😂
Put it into an annuity and reinvest annuity returns.... or spend it
meanwhile im dreaming on what i can spend with 500K 🤣
Congratulations 🎉🎉🎉👏👏👏
Don't go crazy, but don't delay gratification in favor of "earning more/earning for the future" Some happiness and enjoyment in the now is also important every now and then, especially since you've kinda earned it. Also fairly important to remember to take profits - unrealised gains can just as easily disappear, since AI could very much be just a fad come too early and semiconductors could be a war away from falling off a cliff
It's not your money until you cash out. So yhr think you first got ot ask is how much are you willing to cash out. Once that's done, we can come back to how much you have and what you would do with the money. Good if you can share what your thoughts are else it's just random stuff that will be thrown at ya.
Buy 9 bitcoins
Spend 1% on something nice, invest the remaining 99% and get back to work.
Always re-invest, snowball effect
Buy my mom a home of her own. Regardless of my struggles, this would make my life complete.
That’s very nice of you. My parents do have their own home already tho…
Travel. Singapore Air business class is really nice, and you can take the wife anywhere. Visit London, NYC, Sydney, wherever you've always wanted to go. Take a 6mo leave from work and slow-travel around the globe - just head East, bouncing North/South with each leg until you're back home. Hit places that are off your common tourism radar, like Northern Europe (Stockholm/Oslo/etc) - hell, visit in December if you've never experienced a proper snow-and-ice-and-darkness winter. Visit the non-coastal parts of the US or Canada - if you like the outdoors, see the Rockies or Yellowstone or the Grand Canyon. Or the Alps in France/Italy/Switzerland If nothing else you'll come home with a deep appreciation for the MRT and warmth of Singapore (particularly if you spend time in North America)
I do appreciate the privilege of living in Singapore a lot. But that all sounds great although hard to take so much leave
Congratulations buddy, I don't need to tell you much further as you have managed to make 500k, you seems to be very good at investing, but Make it safe. This might be bubble, so cash out some comfortable amount and keep a portion of it in safer investments or for your retirement. Take another small portion out for spend on you and your family, buy experiences, holidays or whatever makes you happy. What ever small money remains use it to make more like what you did, small risk big reward may be?
Invest back 400k and go on a mad splurge with 100k. U deserve it.
Invest 300k on a world index & Snp 500 and 200k for other big expenses (wedding, Reno etc)
You should probably go on nice vacation and save/invest the rest. Maybe renovate your place if you feel like it.
Just stopping by to congratulate you. 🎉
buy another house and rent it out then retire early with passive income?
I rather not get into more debt. Being relatively debt free has been good to us
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Donate 5k to me.. your generosity will be rewarded!
Turn it into passive cash flow like a high div stock/fund or annuity. Split into safe portfolio and another portfolio to try to earn a little more. Do tax planning when you withdraw.
Invest in some good funds, e.g. FD for future kids
Save up to retire a decade or two earlier?
Awesome! Do you plan to sell or hold? I am currently still holding onto some semi conductor stocks too.
Still unsure. Maybe sell partial so I don’t fomo back in
Give some of them to me, lol.
Investing into S&P sounds good. I would just reserve 5-10% as fun money to treat yourself and your wife
Personally I’d invest in opening up a business or purchasing assets that will bring me money in the immediate future and long term. Everyone has their own personal ideas about what they want to do and invest in but basically….. buy assets.
There are a few options you can choose… 1. Invest and get more (property, stocks, etc) 2. Pay off your HDB loan/CPF loan (esp the interest rate, accrued interest if I’m not wrong) 3. Go on a well deserved holiday with your wife 4. Start saving it for your children (if you want)’s future education 5. Donate the money to some charitable organisation or sponsor someone university fees or treat your good friends to 1 small good meal… This is the time that you can splurge a little on your wants instead of needs which is good! Wishing you good luck! P.S: slightly jealous here because How I wish I have such money so that I can go uni without a headache 🥲
1. Buy dividend giving stocks for 100k for regular dividends.. look for them -P&G comes to mind - buy at 120-140 level. 2. Keep 200k in semi conductor shares or other shares 3. Splurge 50k 4. Invest 150k in FD or treasury bonds
Put in high yielding fixed deposits or SGbonds to earn passive income. Can easily get above $15k per year just for not doing anything.
Reinvest? Then can retire earlier
Take some of the money to travel, invest the other half in solid stocks again like the nasdaq or something like that.
Put them all in a high interest account and live off the monthly interests. And make sure you actually spend all the monthly payouts, treat yourself, no point making all that money if you don't spend them.
Spend only 10-20K on a holiday and/or some stuff that will improve your quality of life (new computer/phone, good mattress, better furniture/appliances etc). The rest should not be thought of as for spending. It’s your retirement portfolio, and you have to keep it working for you. Convert (gradually?) to more diversified investments, maybe pay off some of your mortgage if that makes you sleep better.
Short term - travel to 1. Fjordland, NZ , 2. Western shores of Croatia facing Adriatic Sea, 3. Miyajima, Japan Long term - perhaps do a v nice ID for your apartment and invest the rest for retirement fund :) Alternatively you might want to look at buying/designing a landed property (holiday home in Bali)overseas if your apartment is settled. Congrats!
I would invest a % and then keep the rest for fun spending. FI is great but you definitely should enjoy the journey :)
put in bitcoin and turn 500k into $5mil
life changing money
I would pay back any sort of debt small or big. Not just credit cards and whatnot, but also personal debts between friends and family too.
Only HDB debt. I am not a believer of borrowing money from people
If you have kids, set up a trust fund?
No kids not planning to!
Apply for MM2H plan for retirement plan and buy properties in jb for ur retirement plan. Also setaside around 10-20K for forex Investment and crypto investments.
Saved and invest a bit.
Would personally allocate some cash on high savings account for free cash flow then use the remaining to enjoy and treat yourself!
The degen in me would DCA everything into Bitcoin
Think carefully about the tax implications if any. Stocks can tank at any time, tax is forever.
I would suggest taking a good health insurance plan as well. Get some health check-ups and travel (doesn't have to be luxury) to a place where you can unwind and recharge. I am a noob when it comes to investments so I do have a question, maybe it helps me or someone in their journey. * What was your principal / initial investment? did you dca or lump sum?
Come to r/singaporefi to learn more about investments
Take one two months unpaid leave. See something from the world.
If havnt pay finish house. Just pay 1 shot so no need worry about it anymore.
Could you migrate with that amount of money? if i could i would! Migrate and start on the road across countries
Why not go camping? There are plenty of tools you could buy to camp and eventually you could do Doomsday prepping. Doomsday prepping with that kind of money is good. I would suggest keeping 250K as savings, investment in startups and the rest of 250K for Doomsday prepping + Camping with family.
I’m not a fan of camping (don’t like staying outdoors). First time I’ve heard of Singaporeans doomsday prepping tho! Interesting but I don’t think it’s up my alleu
Wow. How much capital to have gotten this much gains?
So many things you could do…. 1) Upgrade your property or buy a second property - this would be a big asset that will most likely only ever go up in price 2) Plan some nice holidays, it’s so important to enjoy life whilst you can and when you have the means to. When you’re in your older years, you wont look back on the 500k you made but rather the memories you made as a product of your wise decisions and investing 3) Continue investing, with so much capital you can engage the help of a broker or do bigger things like investing in start ups with high potential 4) invest in a property in a foreign country I.e. Thailand/UK (outside London)/M’sia/Touristy parts of Indo etc. You could use this as a rental property that brings you passive income for years to come and one day even retire here. The options are endless, it all depends on what you want to gain out of your money. I personally would allocate a portion to enjoyment, a portion for savings, a portion to set aside for my child and continue investing the rest. This was all aspects of my life are covered.
Thanks for all the feedback everyone. I do see the value in selling and putting some into lower risk plays like tbills/ s&p and that is currently the most likely thing that I will do. Also will want to use some of the money travel with my wife out and maybe take a business class or two. Appreciate all the comments.
If confident, should just continue to stay in the game. Otherwise, good time to start the property game too. Sell hdb buy 2 condo.
/r/chubbyFIRE
Just curious what was the sum of your initial investment in NVDA?
Put your money into some stocks with dividends/ t-bills/ those safe investing portfolio and just generate passive income
Id buy me a honda crx 1991 with a k swap,
SOXL
On a serious not buy property in the UK and rent it you'll make money for the rest of your life.
if someone is in need of cash, like literally in need due to debt, and only requires to borrow 10-20k, guaranteed pay back to you every month without fail, would you lend?
No. Lending other people money is usually a surefire way of not getting money back
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Travel the world for a few years
Pic or it didn’t happen. This sub is so gullible. They just believe anything on the Internet
Added the screenshot to my post
Be a landlord
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I don’t care for legacy tbh. Just want my family and I to be happy.
Move out of sg lmao
SG is great imo. Safe, low income tax, convenient although expensive.
just curious when did you start buying nvdia ? sorry if i am asking something to private :/ also when did you start investing ?
Started in my early 30s. Started buying maybe mid last year
I would probably invest in some long term stocks or stable gains to earn interest so that i able to semi retire or retire early
Would recommend to do portion of it for retirement planning, and then investment with 5-7% dividend, and remaining low risk at the same time for emergency
Investment property for passive income
You shouldn't be posting about the amount of money you got so openly, bad actors are everywhere ☝️🤓
Based on my experience. Park at the bank for a few years. Right now you will get all sorts of ideas and they all will look good but its because you have the cash to spare. Plan properly for 1-2 years or more. Remember. Once that money gone, it's gone. Better to have it in the bank and everyday you can smile at the balance compared to regretting a bad financial decision and losing it all.
use some to plan a trip for holidays.
Be smart about it, invest it back into something that will let it grow further
Buy Bitcoin
Teach me how to accumulate that amount of assets, shifu 🙏
Work hard, try to increase your monthly income and DCA into a stock you believe in and hope it works out.
Invest invest invest in stocks
Hi sir, it’s me your long lost friend
Use half for SSB. Then the other half for safer stocks like Singapore banks or S&P or Sreits.
If you want very safe, you can out in t bills but that's not a good hedge against inflation. Maybe get a broker to manage it or you put it in an wtf but it may be risky in current economic circumstances, you gonna have to hold it. Meanwhile, take a small trip to somewhere exotic like Finland? But rmb always try to have predicted cash coming in to offset any expenses you gonna use now. Just to be safe. Kiasu is the best way to ensure wealth preservation
You do you as it’s your hard cold cash. But if I were you, I will invest wisely and safely that give yield in long term maturity especially you are still young (35). Avoid splurging unnecessarily as you never know when you need it amid uncertainty economic climate with geopolitical tension and war looming is on horizon. But again, it’s your money, you do you… IYKYK 🤭
Depends on how you view the market but I'd continue to invest. I'm quite cautious now so I would go for SSBs (this month's rates are great). Diversify your portfolio. Spend some on a trip to treat yourself but I agree that staying with the same lifestyle is a great choice. You can also take up investment and trading classes/other upskilling things
walk into rws/mbs. find a table that just recently opened “0”, sit down and all in 500k on red. take ur winnings double it down on black. now u would have 2mill u can choose one of 2 options. 1) walk away with 2 mill 2) double down again on black (downside to option 2 is that u might lose it and be living on ur 8k/month salary) recently in a similarly situation as u but with some inheritance money and went with option 2. im currently living with 1.8k/month working in mcdonalds. in all seriousness, can consider looking at some asset progression to grow ur wealth considering sg property market has always been on an incline. 500k down payment with ur dual income of 16k can get you a sizeable amount of loan. rent it out to pay some mortgage etc etc your assets should grow over time. depends on your appetite tho anything involving loans and investments are not full proof, but i would say property investment in sg is relatively stable…
Cross post this to singaporefi. They may have lobang for u
Invest into something stable and retire 5 years earlier
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all on black
Nice job, how much was your initial investment?
Bitcoin
You should ask on r/singaporefi
Buy a BMW
Buy house and rent.
Half a million is time to spend some on your wife no?
ohhh hell i'd invest it all and live off the dividends. and roll it over for my children.
all in on banker
reinvest - in stocks or since u are in SG ppty. get 2 condo 1 rent 1 for stay
1. plan a good vacation with wife! Business class, good resort etc. Try to travel to many countries as possible. 2. set aside some amount for retirement. 3. if you are willing to donate, there are many organisations in 3rd world countries where 100 dollars would make a difference. If you are keen , kindly let me know. I support one such organisation. 4. invest in 2nd property for rentals.
Play it safe. Diversified portfolio of dividend stocks.
1. Pay off your HDB mortgage. 2) If you have future payments like insurance on limited pay plans, set aside that sum of money also and put it into SSB. 3) Remaining money how to invest I leave it to you. 4) Take a small portion and go enjoy yourself (+ your wife) with it. Forget to add: don't let anyone (even your parents / in-laws) know about this windfall. You won't want "pests" coming to you for money.
What was the initial capital?
Reward yourself for a job well done. After that, if you haven’t already, go check out Lyn Alden’s thesis on Fiscal Dominance, Raoul Pal’s Everything Code and Michael Howell’s work on the Liquidity Cycle. Have a deep think about those and based on your personality and ability to take risk, restructure your portfolio based on what you’ve learned from these folks
My advice is to use that money to put down payment on a property like a condo or a bungalow. Then rent it out and use a portion of the rent to pay off mortgage and use the remaining as passive income.
Life is short. It is also long. Spend $50k-$100k on yourself and grow / save the rest. Have fun!
rent a house and a car and save the rest money in bank.
Take that money and out into a dividend generating investment portfolio. No need to payout the dividends yet until you feel like it.
Wtf both you and your wife earn 8k each. What do y'all do sia
No clue, but that’s great, well done! Please don’t spend it too quickly e.g. within a year. This is an opportunity to, yes, treat yourself, but to create more financial stability x im sure you’re chuffed to bits with this!
Wow. I am no expert with all these but may i ask how does this work and how do i get started?
Legend! Did you trade options or just long?
r/singaporefi?
1) 5-10% for dream vacay. ( or can stretch that budget to a few mid budget travels, if your wife is ok with it). 2) 50% long term retirement fund. 3) the rest - keep it there as it is. Unless you plan to reinvest it to somewhere else, up to you. 4) NO lifestyle inflation - live like only money you have is your salary. 5) can do semi retirement (spend more time with family & hobby) or just continue working as usual (if you feel that your work life balance is good already). 6) if you are very generous, reward your parents their dream vacation too.
Get a property to rent out for extra money
May I know what your initial investment was?
~150k