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Anonymous
My 53 year old mom is selling her HDB and will get about $330k of proceeds. Currently I'm fully supporting all her expenses by giving an allowance. After the sale, I would like to help her invest the money in such a way that she can get a monthly passive income, which she can use for her living expenses. We are ok to take moderate risk. Please suggest any ideas. Thank you!
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Besides Singapore saving bond and t-bills, reits can be a good option.
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Singapore T bills, best option for lowest risk
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Ngooi Zhi Cheng
Edited 21 Sep 2023
Student Ambassador 2020/21 at Seedly
It's great that you want to help your mom make the most of the proceeds from the HDB sale to secure a monthly passive income for her living expenses. Here are some ideas to consider:
Remember that while these options can provide monthly income, they also come with varying levels of risk. Diversification is key to managing risk, so consider spreading the funds across different asset classes. Additionally, your mom's age, financial goals, and overall financial situation should guide your investment decisions.
I am currently a Financial Advisor as well, so feel free to reach out to me on IG (@ngooooied) if you have any further questions!
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Here are some tools you could use: Annuities, Keep Property and rent for rental income + capital app...
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Put all proceeds back into CP. Max out to FRS using OA.
Point is she is 53 and do not know about investment.