Hi Loo, besides your huge savings, can you share what is your portfolio like for other savings/investments and the rationale for the allocations? ? - Seedly
 

Investments

Savings

AMA 1M65

Asked by Nicholas Chan

Asked on 06 Nov 2018

Hi Loo, besides your huge savings, can you share what is your portfolio like for other savings/investments and the rationale for the allocations? ?

1

Answers (1)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent
Loo Cheng Chuan
Loo Cheng Chuan, Founder at 1M65 Movement
Level 6. Master
Updated on 07 Jun 2019

Good question on asset allocation. It would be a even better question (if you don’t mind me tweaking your question) if you could ask about the sequence of how I form my asset allocation.

First, I build up my 1M65 portfolio. Meaning dump all I could with OA, Cash into the SA to max it out the FRS in my early 30s. This will then form a financial safety net for me to have the right emotional mindset to start allocating into other risky assets.

Second I started building up my equities. When I started, I tried to do my stock picks, which over time, turned out largely to be disastrous. Eventually, all my equities are into Index Funds (ETFs). I tried to buy some US, Europe, STI funds across the board.

Third, I do have a HDB flat. While I am against heavy property investment, one should always have a roof to your name, bought at a good price and right location.

Last, when my assets are all build up, I eventually go into high risk / high volatility funds (which very high returns) and also became an entrepreneur (which itself carries high risk as well).

Note the need for me to do it sequentially, else my financial guts would not be at the right level to manage the risk vs returns.

Hope this answer your question

3 comments

6

See all 3 comments

Nicholas Chan
Nicholas Chan

on 07 Nov 2018

Hi Loo, is it in your plan to stay in your hdb for life & not upgrade? I see many people choose to leave money in OA in case they might want to upgrade their house in future.
Lee Jiahui
Lee Jiahui

on 08 Nov 2018

I think the sequence of #1 or #2 depends on market conditions. I did #2 first because i had the opportunity of the GFC after i started work. Not much capital but heck, you dunno when opportunity knocks again. I then worked on #1 in 2013-2014 when markets turned expensive and keep holding cash.