Anonymous

22 Jan 2021

∙

How would you recommend a 60 year old retiree looking to invest 125k?

Hi there i have a dad who has 125k. He is risk averse, is not interested in stocks that deals with alcohol, gambling. Emergency money of 25k already aside.

He was approached by some insurance agent so he put in 125k but i advisee him to take it out.

Now which roboadvisor platform should i recommend him? People recommend endowments but i was thinking robodvisor instead? What about DBS digiportfolio Asia 20% stocks, 80% bonds?

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HC Tang

22 Jan 2021

Financial Enthusiast, Budgeting at The Society

Agreed with Tat Tian.

At close to retirement age, cannot afford risk and lost of capital since will need $ anytime.

Deposit into RA for 4% interest since He's close to retire and can withdraw When retire. Guaranteed and risk / worry free.

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Loh Tat Tian

17 Jan 2021

Founder at PolicyWoke (We Buy Insurance Policies)

Is he open to putting 25k set into CPF OA?

Or RA for monthly payouts?

They are gauranteed by the government, hence easier to administer especially when he is above 55 years old.

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Kok Hong

16 Jan 2021

For his age, more important for capital preservation. Go for Endowus, sgd hedged so no fx risk. Mayb...

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