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how to invest SGD 1 million

Hi

be careful about shop houses as u probably rent out to small businesses?

Small businesses as not so good at cash flow and at times diffcult to collect rent.

 

Hi ,

when you say shop, do you mean shop houses? you did shop house rental? actually I was thinking of investing in that.

 

tks educator. sounds like we are in the same wavelength....a balanced approach. However, I am still looking for more options to consider. But one thing for sure, never go back to property investment, be it long term or speculation. It really sucks....the yield is no good for residential but shop is better...7 to 8% yield at reasonable location.

 

hi watsonbusheng, I'm glad to hear that. It look to me that you are in a very good financial position. I think for senior people we should avoid risky financial instruments and go for stable, income generating ones. Personally, if I were lucky enough to be in your position, I would go for the 70-20-10 approach.

 

hi Educator, at the moment both me and my wife in good health. We are covered by several insurance policies, so this area is taken care off. 700K in FD can be splitted into several portion, so in case of need we can just cash out a small portion. tks for your thoughtful advice.

 

hello watsonbusheng, I'm about to retire and facing the same question.

I think there is one more factor people our age have to consider - our health. Are you and your wife in good health?

if you put 70% into FD would the remaining 30% (assuming you didn't make loses) be enough cover you in terms of medical expenses or emergency until the FDs are due?

 

I lost confidence in our rental market and had just sold my house for slightly over a million and there is no mortgage. I read someone suggesting a 70%(Fixed deposit), 20%(good stocks for dividend) and 10% to play the stock market. I quite like this idea. Any other suggestion?? I have just retired.