Should I pay off my hdb loan? We bought a 4 rooms resale flat previously and left with $200k of bank loan.

No wrong or right here. Paid off my housing loan before mid-30s after a year of weighing the pros and cons. In the end, peaceful night sleep won over worrying abt investments go bust, or losing job. We just wanted to be debt free. In my late 40s now, still staying in same house. Made enough to invest again few years back, save some for the unexpected and top up cpf for better returns. Everyone’s situation is different as well, so set your priorities & go what you feel best for you both. Good luck!

Not sure why you want to pay off the loan.

it is better to have cash on hands in this current market situation.

Cause retrenchment, pay cut etc will be unexpected factor to affect your current financial situation.

Hi there! I guess it depends on why you want to pay off the loan? My personal take is that the loan and your investment should be taken into consideration separately.

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Loan:

1. Just don't want to have any debts? - it's not wrong, a personal choice. I don't feel comfortable having debts too. Plus you save on interests (that is obviously rising).
2. You want to take up another loan to purchase your 2nd property and have to clear this loan - clearly then you should do it. Or you need the mortgage off for other reasons.
3. Alternatively you can also pay off some of your loan / top up your SAs / buy maybe SG govt bonds etc., be open to different solutions and compare them religiously since you are at this crossroad.

Investment:

1. It's good to stay invested. With the size of your portfolio, I am sure you know things unlikely to be bear market forever - investing needs time, fine-tuning and lots of patience + courage. Again your comfort level in investing... your investment portfolio looks alright to me.

End of the day, all we share are based on our limited experiences and the limited info you provide. I would write down spouse and my concerns and mitigating factors if any + the options we have and the comfort level and assess regularly (like quarterly/half yearly) based on changes in circumstance. God bless!

• Think twice. Once you cleared the loan, the $$$ is gone and cannot recover for hdb, unlike private property.

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• You can do a RSTU cpf top up for tax relief and a guaranteed 4% p.a. it will still beat your home loan. If you are really risk averse. But it wont beat inflation and confirm cant beat GST. I think now inflation 6.3%? + 7% GST = 13.3%. How?

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• Currently economy situation, nobody portfolio will do good. However, is exactly during this bad times, if you continue to buy, your portfolio can 2x or 3x when market recovered.

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• The fear of losing money is actually the cause of losing money. What other choice do we have?