If $1.5M is given to you, what will you do?

[@joshconsultancy]

Early copy of eBook HOW TO $1M - What You Need To Know About Finance In Singapore (New 2023 Edition) 👍 Links are here early to buy your copy and learn today - payhip.com/b/q5Bln

[@johnwee38]

That’s a good one “that money should be enjoyed by the person who saved it”.Always positive contents from your channel, keep up the good work 👍

[@joshconsultancy]

Thank you for the high praise John

[@jimmiechua]

Great financial advice! Thanks Josh. Btw, is renting out the inheritance property a good idea to consider too as this option is not mentioned.

[@joshconsultancy]

Thanks Jimmie. I do support keeping the property and renting it out especially if no need to split it up

[@isaactan3918]

Hi Josh, love your videos! Just curious, what will YOU do?

[@joshconsultancy]

Me =)? Pretty sure same approach and whatever I recently bought w my HDB sales proceeds 10x that quantum

[@nicholaskoh9182]

Thanks Josh! Good stuff.

[@joshconsultancy]

Thank you nicholas for the high praise!

[@marie20142]

Would you recommend buying 10 to 15 year SGS bond? Do i calculate my gain based on cut off yield or coupn rate? Thanks.

[@joshconsultancy]

I haven't bought before SGS bond (which is guarantee principle at maturity by SG gov) and i wouldn't suggest it over SSB which has guarantee in principle at all times. Gain calculation if its premium about $1 after listing

[@chewkenneth]

Great advise!

[@joshconsultancy]

Thank you for the high praise =)

[@chengearnsiow6014]

Hey Josh! I’ve learnt so much from these contents! Anyway I am planning to do some investment for my kids, so curious what advice would you give and whether is it wise to give them a head start. Perhaps, a video on this?

[@joshconsultancy]

Thank you for the high praise @chengearnsiow6014 Good suggestion! Any one keen on topic how to invest for kids to give them a head start do upvote here. I've a question, what have you tried or any ideas you are leaning towards so far w regards to investing for kids?

[@chengearnsiow6014]

I’ve bought CSPX (DCA) for my elder one in a separate account via IBKR. Now that I’ve have my second one, just not sure if i should be doing the same or find some other alternatives.

[@Talha39th]

Josh you speak gold!

[@joshconsultancy]

Thank you for the high praise 🙏

[@AshleySpace1111]

Buy a free hold landed home? Then do not worry about the lease problem. Actually as think of it, the most expensive is house/car. Once these 2 are settled, all your income now is for daily expenses,which can be quite reasonable. For example, just do a relax job for 5k per month, and that is all you can enjoy, can be a good life.

[@joshconsultancy]

$1.5M may not buy a landed home. Plus there is higher upkeep costs?

[@limcheehean]

Does it make sense to do VHR when interest rates are so high? Or should we only do it when risk free interest drops below 2.5%.

[@joshconsultancy]

I think the move on VHR is more of to prevent it from being squandered. Cant withdraw from cpf, like a vault

[@jironghuang4895]

CPF SA/OA + Diversified portfolio of different asset classes if the person has no experience in handling relatively larger wealth.

[@joshconsultancy]

What would be in your suggested portfolio?

[@jironghuang4895]

@@joshconsultancy probably ray dalio's suggested all weather allocation mix.

[@mzlyzs9863]

Rest Plan then Act all in that order ❤

[@joshconsultancy]

I agree

[@yk0999]

I would put it in money market fund and ssb and put it in FD

[@joshconsultancy]

Voted noted

[@rylee4383]

Some guys have all the luck. Some guys have all the pain

[@joshconsultancy]

It’s ok, stay optimistic

[@tayjeeyew6718]

Maximize SA to save guard ur future retirement. Fully pay all ur loan. The rest invest. Job done.

[@joshconsultancy]

Love that!

[@saigo1718]

How abt jus buy bonds and get 3% and live on the interest forever? Assuming a person is 50yrs old

[@joshconsultancy]

He is in 40s. Your vote noted 👍

[@daeriousjames2220]

Actually... not sure why you say 300k for "rainny days" is enough for medical tho... I remember a bill can come to about 120k even after insurance (especially when as we age) , so I think its still good to have a portion, like 1/3 of the 1.5m to the emergency $. The rest of the 1m will be to do investing for dividends Well that is my plan that is... :)

[@joshconsultancy]

IN almost all circumstances, co-payment w medical insurance is capped per year $3,000 w rider. Of course w panel rules depending on what kind of rider. $120k bill must have had gaps or treatment that is not conventional imo. Hope it clarifies

[@superconnie5003]

Buy 47000 DBS shrs every year get 78k dividend.Hold for 20 years

[@joshconsultancy]

haha oops...while it is probably ok, I also cannot advocate all in to any 1 company to any listener 😅 what if a credit suisse happens to DBS in 20y?

[@joshconsultancy]

Some interesting results from the polls on this topic! Join my TELEGRAM "Josh Tan Investment Official Group" here ►‌ t.me/pi21k

[@tedchandran]

Jai Hinduja. Easy to spend money because many foreign workers in the country look like Bollywood stars.

[@ChrisTang787]

Never pay up mortgage, it so easy to earn the spread with safe investments. Don’t know what to do with the money? let the money sleep in the FD for awhile.

[@joshconsultancy]

16% in our telegram poll agree w u chris

[@jasonlim4512]

if i dun need the money, i wud juz put everything into fixed D or SSB and give away the coupons to charities.

[@joshconsultancy]

Nice! 👍

[@choonbingpng8768]

1.5M as family edn fund (for overseas MBBS, LLB, Dentistry etc)

[@choonbingpng8768]

I suggested family edn fund only after 1.3M58 and spent on overseas MBBS for daughter

[@joshconsultancy]

👍👍

[@choonbingpng8768]

TBIYTB SMTE

[@stackinvestrepeat4993]

pay Chris from Provident a visit...

[@joshconsultancy]

Chris is well respected

[@Lalalalalelo]

Of cause all in Tesla la

[@joshconsultancy]

Never all in anything 👌🏻👍

[@Lalalalalelo]

@@joshconsultancy I need excitement

[@Stothereal]

O.5M in thai disco and 1M in ktv. Enjoy life 😂😂

[@joshconsultancy]

🫣not safe for kids

[@johnwee38]

Joker 😂😂😂

[@choonbingpng8768]

J Tan, can do a review on AB American SGD monthly income instruments fund. Thanks

[@joshconsultancy]

Might be too niche a topic

[@choonbingpng8768]

Monthly income instruments but principal not guaranteed (switched from inv pro )is different from annuity

[@hatchegg80]

$1.5m is not much, look at prices of landed houses these days, owners die and many don't have many kids, many will inherit $2-5m

[@joshconsultancy]

thats why this video to discuss =)

[@eightfoldsg]

Hi Josh. Any advice- i just purchased a private property but due to health conditions i don't qualify for mortgage or term life (either heavy loading or rejected)

[@joshconsultancy]

Hi mindef group term is no underwriting for first $250k. But also pre-excluded. Beyond that may have to keep that liability exposed

[@eightfoldsg]

@@joshconsultancy thx!!

[@nafisalsahmi]

Should have YOLO everything to tesla

[@joshconsultancy]

Erm. Don’t yolo. If love it 10% maybe?

[@AhWing89]

Can give a bit to help me on my investment fund too. 🤣

[@joshconsultancy]

🤣 you might need to wait for quite long haha

[@AhWing89]

@@joshconsultancy 😂

[@dynaway]

子若強於我，要錢做什麼；子若不如我，留錢做什麼

[@joshconsultancy]

Yes if legacy is not a priority, spend down retirement & have a plan to donate the residual 🙏

[@1979chyeo]

Buy a lambo of course

[@joshconsultancy]

Jia lat lol

[@conniechan4576]

👍👍👍👍👍👍👍👍👍👍👍

[@brianx8410]

Invest on high dividend stocks..

[@joshconsultancy]

vote noted =)

[@MM-th4ku]

How about donating a portion of the inheritance to charities? There are many who are much less fortunate. It's also good to spend a portion on education to upgrade ourselves - grow our skills, grow our intelligence, grow our characters - besides growing wealth.

[@joshconsultancy]

Agree with your points 👍