What to do with $50k which I don't need to use within the next 10yrs? The money is from a policy which has matured recently.Where will it be best to park this money?

Hi anon,

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I think you need to ask yourself what you want to achieve with the $50K. But a 10 year horizon does give you some time.

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There are really only 2 options available. Either you take on some risk and invest, or you have to go down the safer route and explore endowment or retirement policies (but take note that retirement policies pay out over several years so if you need your $50K in a pinch, you won't have access to it). You probably don't want too much exposure to equity if at all. Ask yourself if you can tolerate having losses on this $50K in 10 years time. If the answer is no, then you have to probably go for safer products.

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I note in your responses to other answers that you are exploring endowments as well, I can suggest that you take a look at whole of life endowments, which become capital guaranteed after a certain number of years, and you are free to surrender/partly surrender the policy if you need funds, if not, the policy will grow indefinitely at a reasonable rate, which solves the problem of having to find a new asset to park maturity proceeds in. There are plenty of companies that offer such plans, so please remember to compare to find something that suits you.

70% world etf or snp500 since you are risk adverse.
10% dividend stocks
10% crypto as hedge (optional)
10% bonds (optional too)

Any debt, especially anything over 10%, is the most guaranteed ROI. Then you could always split it up between some risk-off assets like broad market index funds and some more growth focused assets like crytpo and sector ETFs.

It depends on how low your risk apetite is.

1. Currently stock market is depressed and you could consider investing part of the 50k (if not all) in stocks. A suggestion is Endowus core advised portfolio. U can go for 100% equity or 80/20 or 60/40 depending on your risk level.
2. Do u still owe money to CPF for hdb loan? Alternatively, u could consider using another part of the 50k refunding your OA for a safe 2.5%. Since u are considering retirement policies, why not contribute to the top retirement provider in Sg? At 55 yo, u may be able to execute SA shielding if u have more than FRS in your OA+SA combined.