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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Ngooi Zhi Cheng
Edited 7d ago
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！
Here are some tools you could use: Annuities, Keep Property and rent for rental income + capital appreciation, Dividend paying Funds with low risk profile.
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Edited 7d ago
Property Agent at Propnex
DISCLAIMER: Property Agent here, so take everything with a pinch of salt and DYODD. Not investment advice, just educational purposes.
Congrats on your mom's positive sale proceeds! It's great that you want to help your mom make the most of her proceeds from selling her HDB and create a source of passive income for her. Among the $330k, do remember to portion away 6-12 months of emergency funds first to protect her downside. Here are 4 passive investment options to consider, bearing in mind her moderate risk tolerance from highest to lowest:
Last but not least...
ALL IN ALL...
While moderate-risk investments can offer higher returns, they also come with a degree of volatility. Diversifying the portfolio and consulting a financial or property advisor are essential steps to ensure your mom's financial security and generate a reliable source of passive income for her retirement.
All the best!
Javier Tan Yan Kai
Actuarial Analyst at AIA
T-Bills, REITs or FDs...
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