How should I spend the winning of Toto?

Omg. So good on u. Can email me to [email protected] ?

You can split into 5 pies.

Expenses

Investment

Insurance

CPF

Emergency Money
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My Best is to :

1) settle all debts of your mum including her housing loan too if any.

2) finance anyone sibling tt are still stuying (put the fund aside for complete education)

3) Get a property especially new, where capital gain is a must within 3-5years & share profit with mum (she help u in your study loan, otherwise she would have made some capital gain)

4) Trip is a must but have to defer due to current situation, set aside maybe up to $10k-$20k per family member.

5) Donate also to your preferred charity organisation

6) I have no faith in stock market so can’t advice

6) Remember spend wisely

7) Invest wisely so it can replace your income if u still working.

8) u can stop working & start pursuing your passion.

9) Never spent $4m in your first 2years on those tt does not generate income. & spent wisely reserving abt $2m for your own retirement ​​​

Apportion funds for main items: (1) Parents and (2) Next generation (amount depending on your marriage and children preferences). On the more conservative end, you'd have budgeted $5-6m, which you can grow safely in a FD or lower-risk investments like ETFs / AAA government bonds (e.g. SSB) / REITs. You can even consider investing in a private property for capital appreciation.

Then, you would have $3-4m remaining which you are free to experiment with! Think high-risk investments like listed equities or private investments (see Fundnel, Funding Societies, etc.). If you're the ambitious type, launch a startup of your own!

All that brong said, do consider giving back to the less fortunate (I'm sure you'd agree you got quite fortunate) so perhaps a lump sum to your preferred charities.

All the best!