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Retiree ask - how should I invest my cash?
15 Apr 2017 (259 views)

Dear Mr. Tan
I have invested in some ETF and REITs and very little on blue chips etc.
In this current scenario of low interest, what would be the best options if I have some cash ( say around 200K)
I wouldn't want to put all the eggs in one basket. Buying a private property will not be on my wish list as I felt the prices are too high.
Buying a brand new car has been on my thoughts these few months but it's not worthwhile to commit 100K cash to a four wheeler.
I am nearing 60 yrs old and would like to best manage and invest and spent my hard earned dollars.
Looking forward to your advice.

REPLY
I am in the same situation as you.
I have a large sum of cash sitting in my bank earning 0.2% interest per annum.
I don't want to invest in STI ETF or REITS or blue chips, because of the global uncertainty.
I have existing investments, but I keep them there.

One option is for you to put the maximum amount in your CPF special account.
If you visit the CPF Board, they will tell you how much more you can put in.
You can also top up the CPF account for your spouse.

I hope this is helpful to you.


Retiree ask - how should I invest my cash?
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Dear Mr. Tan
I have invested in some ETF and REITs and very little on blue chips etc.
In this current scenario of low interest, what would be the best options if I have some cash ( say around 200K)
I wouldn't want to put all the eggs in one basket. Buying a private property will not be on my wish list as I felt the prices are too high.
Buying a brand new car has been on my thoughts these few months but it's not worthwhile to commit 100K cash to a four wheeler.
I am nearing 60 yrs old and would like to best manage and invest and spent my hard earned dollars.
Looking forward to your advice.

REPLY
I am in the same situation as you.
I have a large sum of cash sitting in my bank earning 0.2% interest per annum.
I don't want to invest in STI ETF or REITS or blue chips, because of the global uncertainty.
I have existing investments, but I keep them there.

One option is for you to put the maximum amount in your CPF special account.
If you visit the CPF Board, they will tell you how much more you can put in.
You can also top up the CPF account for your spouse.

I hope this is helpful to you.