Anonymous

20 Sep 2021

∙

Should I sell off my Endowus OA investment when I am going to get a house? + other questions on life planning.

Have been invested in Endowus about a year.

Recently me and my spouse are probably looking to purchase a resale HDB soon. (target around 2022)

We are reaching our 30s soon.

As she's a foreigner earning 3k/month, and me holding a 3k /month job.

My OA balance is not much ~45k. I've read that it's good to leave 20k in the OA for interest.

So that leaves me around 25k in the OA, excluding ~15k in Endowus.

Should I sell off if I know when I will purchase a flat?

Targetting a 4rm flat <500k before grants. Am I pushing it?

I also have around 40k in the local stock market generating ~1.4k/year in dividends. (Overall in the green)

Emergency savings aside, we probably have 15k combined left over now.

Thinking about it I don't think we're ready to have any kids :(

I think I should also liquid the stocks I have when the 'time' comes.

Any life/money advice? Thanks everybody.

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1M45

Edited 21 Sep 2021

Depend if u have sufficient $$$ in ur OA for downpayment or u dont mind using cash.

Also depend if u want to use ur OA to pay the house monthly installment or use cash.

I think paying for housing is pirority VS investment using OA.

Before u buy a house, u need to get a loan. The bank will tell u how much u can borrow then see how much u need to fork out.

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tinycents

21 Sep 2021

Talk to a good friend who can run through all the figures with you. Easier to visualise that way.

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CH

Edited 20 Sep 2021

Probably you have to ask yourself why you invested the 15k into endowus in the first place. was it f...

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