31 Dec 2020
I have $50k to $100k spare cash, retiring in 10 years, any investment advice appreciated.
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I think it will be best to invest in dividend income Products!
26 Dec 2020
Turbo-charge Your Savings with REPs at PolicyWoke
For the spare cash you have, it depends on your risk appetite.
For low-risk options wit...
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1st: Your current target is to pump your CPF to $271500 by 55.
2nd: depend on your comfort level. You may choose to invest in (a) dividend paying stocks, or (b) growth stocks, or (c) unit trust that give monthly payout (Similar to bond, but dont buy fixed income or individual bond)
But with 10years to compound you may need to pump more monthly to see significant impact. Below shows the calculation, assume you pump $2k monthly into your investment for 10 years With 6% growth.
Leave the link below, u can play with the caculator to see your target sum & your monthly contribution required.