facebookReceived insurance payout when my mum got into an accident.. 21F, need suggestion on the best thing to do with the money ($50k spare). Lump-sum purchase into S&P500 and hold long-term? - Seedly
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Anonymous

27 Aug 2020

Received insurance payout when my mum got into an accident.. 21F, need suggestion on the best thing to do with the money ($50k spare). Lump-sum purchase into S&P500 and hold long-term?

Supposedly after calculating (setting aside emergency funds, school fees etc.), I have around $50000 spare.

Would it be wise to lump-sum purchase CSPX with this amount? I'm planing to buy and hold long-term.

I have a DBS Vickers account and read that S&P500 would be a good long-term investment and STI is "horrible".

Need advices. What would you do with this amount?

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    What are your thoughts?

    Yeap if you have no time/interest in looking at stocks, just DCA constantly into S&P. MIght have/not have a crash in the future but at least you could get more value for your money by investing during those periods with the excess cash on hand. Returns around 6 to 10%, not the best for hungry investors but still better than most 'safe' financial products.

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