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How would you plan to invest or save 20k for your parent's retirement in 10 years' time?
As I am young and able to take higher risks, it is much different for my parents at their age. Am looking to help them start on their financial journey but as they do not have much run rate for their retirement, am curious as to how you all would invest this amount for your parents for retirement?
(I know most of us are looking to invest for ourselves and for our future, thought this might be an interesting topic as we are in the sandwich generation and would like to help their children learn how they can help their parents grow their money as well)
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- look at their cpf and top up SA to hit FRS.
- assuming they can hit frs, invest in income stocks / reits which are lower risk with high income, of cos with lower capital gain. invest in big companies, as opposed to small reits which are higher risk.
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ETFs: 90% SWRD or ISAC, 10% physical gold
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Richard
07 Oct 2021
take care of oneself at the rest will be taken care
Top up parents' Special Account
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Chin Guo Qiang (ITIL4 / CSPO / CSM)
06 Oct 2021
Assistant Vice President, IT Operations at Bank of China Limited
I just helped them invest in Govt’s Singapore Savings Bonds back in May / Sept / Oct 2018, then cred...
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