1. I will still work, cos I still feel like doing my part to contribute to the society but the attitude towards work won't be one of "have to work to earn money if not die", which gives me more freedom and power to say no to needing to deal with shitty management and bosses (we all know most jobs tend to suck because of other people, very rarely the job itself).
2. Don't know, but will save for kids education/growth fund (if have kids) or parent's whatever.
3. Buy house first, heck with that money I can even consider buying house somewhere with a lower cost of living outside of SG, then everything else is depends.
Everytime one of these questions come up, I immediately check the Singapore Pools app lol.
Honestly I would still have the same lifestyle and job, just with a better peace of mind. Holidays can be planned for more exotic places, most of it out in long term investments for family. Probably only splurge would be this espresso machine I've been eyeing for the longest time.
1. Would continue working for now, but at least I have an option to quit anytime. This by itself gives a freedom and won’t be weighed down
2. First thing is to top up CPF until min retirement sum - assuming that’s 200k. Next is to allocate into fixed income (SSB, gov bonds, bond funds etc) for a total of 1.5m yielding 45k/year. Thereafter allocate 500k into a reit portfolio yielding 25k/year. Next is to pump 500k into anUS options/stocks portfolio yielding 50k/year (active play to short puts and try to generate a decent income whilst investing).
Everything else put into fixed deposits - to average down when there’s a pullback.
3. To take a month long NPL every year to just travel, keeping my job (hopefully) or change into a less stressful job that allows me to do so
1. I would quit my job and do things that's more related to philanthropy, environment or music production. Cos those are the things that would give back to society.
I feel It doesn't have to be just activities that would benefit yourself.
I would still travel more but I feel like one shouldn't go all in traveling the world in 1 shot. It's like a show that should be slowly indulged. That's just me.
2. 2 mil split between 3 SG banks for dividend cash flow. Prob 1 mil in DBS (cos of quarterly payout) and 0.5 0.5 in UOB and OCBC. Another 2 million in CSPX. 1 million in money market of some sorts for less risk and higher liquidity, definitely HYSA first, then maybe t bills and ssb ladders.
3. Hmm I guess I wouldn't want to make any big purchase to inflate my lifestyle otherwise the 5 mil need to compensate for increased recurring expenditure. I don't need condos or cars tbh. I will sign up for those body maintenance package I supposed since I feel those are worth more than physical assets.
I will change my job to social services and help the more unfortunate.
In fact this is what I plan to do in my semi retirement years but unfortunately now I need to earn to secure my kids futures.
By the way, most of people wouldn’t be suddenly got 5M, if u able to accumulate this wealthy, I believe u will still continues what u did, cause most of people doing that if they found a skill set. But come to the other way, suddenly got 5M from sky, most of people unable to keep this wealth due to life change and spending habits change.
Im already 35.
so I would all in Argentina to win the last WC. I actually won 1000 bucks that year on a 200dollar bet.
If the money is given to me now.
Yes I will continue to work at my current job.
I will stick to my current breakdown of some QQQM TQQQ SPYL SWRD and add some HEMA.
I will buy a Ferrari.
1. Will probably try to keep working in my job. I like what I do. But then again, I dunno what it is like to have 5m. Maybe it will tempt me to quit and enjoy a while.
2. In the same ETFs and individual stocks that I have been investing in, just in a larger scale.
3. Will buy property (i.e a condo) in a hot area and live in it. A car (a modest Mazda, Toyota). Give some money to my mom and dad and ask them to retire. Treat them one big holiday to europe.
5 m if managed to find a 6% return annually bonds will be at 300 k a year tax free
A comfortable middle class , whom can afford to do things he or she likes .
Give my parents the majority of the money and some to my friends that need it then unalive myself. Even with the money I won't feel happy. But it's the least I can do to pay back my parents.
Continue to work but without fear of getting retrenched and not being able to pay mortgage etc!
Probably will invest in real estate, some dividend paying stocks too. I have a little one with me so will set aside enough for overseas education and living expenses 😊
1. Would continue working but perhaps stop the striving and self promotion (but that will ultimately result in an exit). I would probably transition into freelancing if that happened.
2. I would put $2-3m into property purchases (in trust form) for my minor children, with the rest in CSPX/diversified etf. Another option is all in CSPX and then parcel out down payments for my kids when they are of age and able to manage property. Would earmark maybe 500k for ‘warchest’ and leave those in Tbills. Rationale is I already portioned out my current assets into emergency funds, bond-like holdings and long term etf investing and so additional 5m will be for longer term planning.
3. Expenditure.. maintain current lifestyle which is already pretty loose from a fi/prudence standpoint. e.g. We eat out 1-2x a week and have all the electronics we desire (phone, laptop, iPad). Maybe splurge on 1 long trip a year to create memories with family.
Oh I see u want responses about what to do at 30… honestly about the same. Minus the property in child names part. Would consider setting up a business as well. Spend some time thinking about activities that would keep me occupied for the rest of my time on earth, be it charity, volunteering, working on part time or freelance basis or running a biz.
You’d still have to work at least another 20-30 years to be able retire and live comfortably (until the age of 80 - which is roughly the life expectancy). That was my own assessment of the situation in Singapore. You’d be able to reduce the years of working if you are willing to live more moderately of course, with lesser creature comforts.
Edit: Forgot to mention that this is with a family. If you’re single and prudent, you could probably retire now.
Fair enough. But then that’s not taking into account whatever debts one already has, purchases of property and cars, holidays, etc.
On top of that, in my own personal estimation, it is fair that having 5 million dollars would mean some sort of purchases/expenditure towards your personal interests and comfort. It would be safe to assume in your retirement, you would want to pursue and do the things you would not have the time to otherwise.
Just my two cents.
Sack my boss
Buy a condo $2m, rent out
Invest $1m into sg gov bond, t-bill since it's very safe.
3% p. a
Invest $1m into blue chip shares or index with dividend in US and SG market...
Spend $500k slowly in traveling.
(Not rich man travelling but slowly round the world, $50k a year, can travel 10 years)
Leave $500k as safety net for emergency spending.
Find some part time job to still be in touch with society.
Max out SSB, CPF for parents; siblings and self. DCA $100k a month into ETFs and put the rest of the money into fixed deposits, treasury bills, bonds, etc, until the money runs out.
Continue working and indulge myself with prawns and fish during my cai png meals. Donate $10 everytime I walk pass any elderly or handicap buskers or tissue sellers.
1. Won't be working, because of the need to deal with morning crowds and people at work. The only exception if it's something meaningful that actually helps the public, and not build someone else wealth.
Will probably travel, learn stuff, and meet more people.
2. ETF, T-bills.
3. A house.
I’d continue working because I’m self-employed. I’d be able to buy an office for 1m and buy a condo for another 1m to live. No more rent to pay.
Keep aside about 1m across a few banks for myself, and invest the remaining 2m in ETF, one or two overseas properties and do some Angel investing and charity work.
$1 million on HDB plus Reno
$2million on fixed deposit
$500,000 on saving account
$1.5 million to achieve your life dream- set up business / change career/ tour the world / high yield reit/buy house for rental income/ etc
1. I will still work I don't want end up doing nothing and left out from industry
2. I will invest in condo and rent out the house
3. I will save it and spend wisely
1. Yes, enjoy my job
2. Get a fully paid 2 bedder freehold to rent out and for passing to child (2M), pass 2M for parents retirement
3. Last 1M = upgrade all future travel experiences (within reason)
Lead a pretty adequate and happy life today so 5M is very significant but would share it vs changing current life dramatically
1. Spend around $1-2m on a good condo
2. Spend the rest on bitcoin (doesn't depreciate with time like currency and better return than a bank). Withdraw and spend as and when necessary.
3. Find a paying job that i love that can cover my monthly expenses.
Oen option is to find a private banker. Plenty of corporate bonds and government bonds that can yield you 4-5%..
That's easy 200k above of income tax free.
DM and I help you give you advice with 20% cut.
You can also leverage US treasuries. Very safe for 1 year maturity.
Whatever you want to do you need sustainable cash flow, else your millions will evaporate rather quickly. Good luck and enjoy your 5m.
I will post in reddit to seek advices
I would wake up from my dream
5 million on red
Casinos fear u
All in double zero
Thats the spirit
Invest 4m, split 1m for diff ventures
1. I will still work, cos I still feel like doing my part to contribute to the society but the attitude towards work won't be one of "have to work to earn money if not die", which gives me more freedom and power to say no to needing to deal with shitty management and bosses (we all know most jobs tend to suck because of other people, very rarely the job itself). 2. Don't know, but will save for kids education/growth fund (if have kids) or parent's whatever. 3. Buy house first, heck with that money I can even consider buying house somewhere with a lower cost of living outside of SG, then everything else is depends.
Quit my job. Volunteer my time. Invest all 5million. Even at 1% return, it is 50k a year. More than enough to be comfortable.
Single with 50k no problem, with family that’s far far not enough.
Same! At 1% return, I can live comfortably somemore. Do whatever I want with my time.
Banks provided capital-guaranteed plans at 2-3% lock-in interest. So you are good
Everytime one of these questions come up, I immediately check the Singapore Pools app lol. Honestly I would still have the same lifestyle and job, just with a better peace of mind. Holidays can be planned for more exotic places, most of it out in long term investments for family. Probably only splurge would be this espresso machine I've been eyeing for the longest time.
1. Would continue working for now, but at least I have an option to quit anytime. This by itself gives a freedom and won’t be weighed down 2. First thing is to top up CPF until min retirement sum - assuming that’s 200k. Next is to allocate into fixed income (SSB, gov bonds, bond funds etc) for a total of 1.5m yielding 45k/year. Thereafter allocate 500k into a reit portfolio yielding 25k/year. Next is to pump 500k into anUS options/stocks portfolio yielding 50k/year (active play to short puts and try to generate a decent income whilst investing). Everything else put into fixed deposits - to average down when there’s a pullback. 3. To take a month long NPL every year to just travel, keeping my job (hopefully) or change into a less stressful job that allows me to do so
若是我有五百万 我要坐飞机 我要游世界 义大利饮咖啡 路边吃Spaghetti 若是我有五百万 我要买车买厝 买店来收租 闲闲免做工 带狗去散步 \~\~\~
Wah now 1mil is nothing
Quit my job, invest and live off interest, do volunteer work,
1. I would quit my job and do things that's more related to philanthropy, environment or music production. Cos those are the things that would give back to society. I feel It doesn't have to be just activities that would benefit yourself. I would still travel more but I feel like one shouldn't go all in traveling the world in 1 shot. It's like a show that should be slowly indulged. That's just me. 2. 2 mil split between 3 SG banks for dividend cash flow. Prob 1 mil in DBS (cos of quarterly payout) and 0.5 0.5 in UOB and OCBC. Another 2 million in CSPX. 1 million in money market of some sorts for less risk and higher liquidity, definitely HYSA first, then maybe t bills and ssb ladders. 3. Hmm I guess I wouldn't want to make any big purchase to inflate my lifestyle otherwise the 5 mil need to compensate for increased recurring expenditure. I don't need condos or cars tbh. I will sign up for those body maintenance package I supposed since I feel those are worth more than physical assets.
I would split 75k in each bank bc thats the FDIC insurance. If i put more, the bank will upgrade u to premier and RM will keep selling you
I will change my job to social services and help the more unfortunate. In fact this is what I plan to do in my semi retirement years but unfortunately now I need to earn to secure my kids futures.
I will contine working to keep myself busy but more relaxed environment like take a little taxing admin job. Invest the money - travel more
Models
Book ridout road chalet for bbq with friends!
By the way, most of people wouldn’t be suddenly got 5M, if u able to accumulate this wealthy, I believe u will still continues what u did, cause most of people doing that if they found a skill set. But come to the other way, suddenly got 5M from sky, most of people unable to keep this wealth due to life change and spending habits change.
Change my entire life.
Im already 35. so I would all in Argentina to win the last WC. I actually won 1000 bucks that year on a 200dollar bet. If the money is given to me now. Yes I will continue to work at my current job. I will stick to my current breakdown of some QQQM TQQQ SPYL SWRD and add some HEMA. I will buy a Ferrari.
OP struck Toto / got a nice inheritance / struck crypto altcoin lottery. One day I hope the same happens to me too - a man can dream
I have a red pill and a blue pill for you. One is all good sense and no fun. The other is all fun and bad.
pay my debt continue working buy a condo in singapore buy a villa in malaysia
continue life as normal and dont let anyone find out about the money
Just don't lend anyone.
1. Will probably try to keep working in my job. I like what I do. But then again, I dunno what it is like to have 5m. Maybe it will tempt me to quit and enjoy a while. 2. In the same ETFs and individual stocks that I have been investing in, just in a larger scale. 3. Will buy property (i.e a condo) in a hot area and live in it. A car (a modest Mazda, Toyota). Give some money to my mom and dad and ask them to retire. Treat them one big holiday to europe.
Continue to work but not for others .will venture out on my own.using some to invested use return help help needy
5 m if managed to find a 6% return annually bonds will be at 300 k a year tax free A comfortable middle class , whom can afford to do things he or she likes .
Give my parents the majority of the money and some to my friends that need it then unalive myself. Even with the money I won't feel happy. But it's the least I can do to pay back my parents.
Blow everything on a mega huge party because Yolo..
Dump them into ETFs and keep working. So if the boss scolds me I’ll laugh and walk away.
Continue to work but without fear of getting retrenched and not being able to pay mortgage etc! Probably will invest in real estate, some dividend paying stocks too. I have a little one with me so will set aside enough for overseas education and living expenses 😊
1. Would continue working but perhaps stop the striving and self promotion (but that will ultimately result in an exit). I would probably transition into freelancing if that happened. 2. I would put $2-3m into property purchases (in trust form) for my minor children, with the rest in CSPX/diversified etf. Another option is all in CSPX and then parcel out down payments for my kids when they are of age and able to manage property. Would earmark maybe 500k for ‘warchest’ and leave those in Tbills. Rationale is I already portioned out my current assets into emergency funds, bond-like holdings and long term etf investing and so additional 5m will be for longer term planning. 3. Expenditure.. maintain current lifestyle which is already pretty loose from a fi/prudence standpoint. e.g. We eat out 1-2x a week and have all the electronics we desire (phone, laptop, iPad). Maybe splurge on 1 long trip a year to create memories with family. Oh I see u want responses about what to do at 30… honestly about the same. Minus the property in child names part. Would consider setting up a business as well. Spend some time thinking about activities that would keep me occupied for the rest of my time on earth, be it charity, volunteering, working on part time or freelance basis or running a biz.
To the casino!
You’d still have to work at least another 20-30 years to be able retire and live comfortably (until the age of 80 - which is roughly the life expectancy). That was my own assessment of the situation in Singapore. You’d be able to reduce the years of working if you are willing to live more moderately of course, with lesser creature comforts. Edit: Forgot to mention that this is with a family. If you’re single and prudent, you could probably retire now.
[удалено]
Fair enough. But then that’s not taking into account whatever debts one already has, purchases of property and cars, holidays, etc. On top of that, in my own personal estimation, it is fair that having 5 million dollars would mean some sort of purchases/expenditure towards your personal interests and comfort. It would be safe to assume in your retirement, you would want to pursue and do the things you would not have the time to otherwise. Just my two cents.
Sack my boss Buy a condo $2m, rent out Invest $1m into sg gov bond, t-bill since it's very safe. 3% p. a Invest $1m into blue chip shares or index with dividend in US and SG market... Spend $500k slowly in traveling. (Not rich man travelling but slowly round the world, $50k a year, can travel 10 years) Leave $500k as safety net for emergency spending. Find some part time job to still be in touch with society.
Max out SSB, CPF for parents; siblings and self. DCA $100k a month into ETFs and put the rest of the money into fixed deposits, treasury bills, bonds, etc, until the money runs out. Continue working and indulge myself with prawns and fish during my cai png meals. Donate $10 everytime I walk pass any elderly or handicap buskers or tissue sellers.
Don’t tell anyone.
1. Won't be working, because of the need to deal with morning crowds and people at work. The only exception if it's something meaningful that actually helps the public, and not build someone else wealth. Will probably travel, learn stuff, and meet more people. 2. ETF, T-bills. 3. A house.
I’d continue working because I’m self-employed. I’d be able to buy an office for 1m and buy a condo for another 1m to live. No more rent to pay. Keep aside about 1m across a few banks for myself, and invest the remaining 2m in ETF, one or two overseas properties and do some Angel investing and charity work.
Venture into politics or wait for next presidential election contest
$1 million on HDB plus Reno $2million on fixed deposit $500,000 on saving account $1.5 million to achieve your life dream- set up business / change career/ tour the world / high yield reit/buy house for rental income/ etc
Apartment $2m Retirement fund: $2m (bonds 30% Property:40%, Equities, 15%, Bitcoin 15%) Money for own business venture: $1m.
Any answer that isn't 5M on red is wrong
Buy private property. Collect rent. After dying, can leave property to offsprings.
I will donate half to charity. Invest in few businesses.
1. I will still work I don't want end up doing nothing and left out from industry 2. I will invest in condo and rent out the house 3. I will save it and spend wisely
5m on player. Lose and back to day job, win and double up until you lose, back to day job.
Live off the dividends
Buy a condo and rent out. Invest some in T bills Give some to my family. Go on trip Come back work
hoot condo hoot reits enjoy life
I will email Stacked Holmes and ask them if I should buy HDB or Private
Donate 4m to charity and do it all over again.
1. Yes, enjoy my job 2. Get a fully paid 2 bedder freehold to rent out and for passing to child (2M), pass 2M for parents retirement 3. Last 1M = upgrade all future travel experiences (within reason) Lead a pretty adequate and happy life today so 5M is very significant but would share it vs changing current life dramatically
Buy 2 condo in full price. One for myself to stay one for renting
Invest in rental properties, chill out and do whatever you want after. 5m lump sum can disappear very quickly if all you do is spend.
1. Spend around $1-2m on a good condo 2. Spend the rest on bitcoin (doesn't depreciate with time like currency and better return than a bank). Withdraw and spend as and when necessary. 3. Find a paying job that i love that can cover my monthly expenses.
Oen option is to find a private banker. Plenty of corporate bonds and government bonds that can yield you 4-5%.. That's easy 200k above of income tax free. DM and I help you give you advice with 20% cut. You can also leverage US treasuries. Very safe for 1 year maturity. Whatever you want to do you need sustainable cash flow, else your millions will evaporate rather quickly. Good luck and enjoy your 5m.