What should I do in this next phase of life?

I’m bored, I’m 26, with 350k investable assets, excluding CPF, insurance etc. Self made, no red packet money since birth, no lump sum from grandparents. Started from $0.

Purely liquidated assets in various diversified financial instruments, you name it I have done it/tried it.

Portfolio includes

Cryptos since 2018
Insurance funds (Purely investment)
Robo-advisors
Stocks (US and SG)
Blue chips (dividends focused)
P2P (11% P.A)
UTs (Via FSM)
Fixed income bonds (Astrea-5 years)
Passive automated business income
Alternative investments - Forex
Alternative investments - Trading Puts
Retirement plan (AIA Elite Adventurous)

Questions is - I don’t know what to do next... opening a DBS treasures account soon but it’s just agent asking me to buy retirement plan (which I agreed)

So to all gurus and pros, let’s not talk about the same old 30 years old (100k). What should I do next?

Looking for real comments and opinions! Even sarcasm (we all need it once in awhile)

Discussion (9)

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Degen

04 May 2021

Hello fellow 26 y/o. Congrats on accumulating 350k.

IMO you're TOO well diversified, and (pardon my straightforwardness) wasting fees on ILPs. You'd probably outperform 'insurance funds' by blindly buying the market index (uh just stay away from the STI).

Another thing to beware of - do not get complacent. Are you sure you're ready to move onto a 'next phase'? What exactly characterizes this 'next phase'?

I thought the first million would be a milestone for me. Turns out I feel no different than when I was dead broke. I wear the same crap and do the same things (all of which I still enjoy thoroughly).

It it does make it easier from a mental POV to 'give back to society' (and this makes me very happy), though.

All the best in figuring things out. Keep hustling.

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Agent Orange

04 May 2021

Now that you have a good foundation, you may want to work hard towards financial independence and early retirement. While substantial, 350k does not buy you a lot in expensive cities like Singapore.

You may also want to learn how to self manage and grow your money. Depending on professionals for financial advice may not always be in our best interest.

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