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244 replies to this topic | 725 praises

#1

Posted 25 February 2018 - 04:13 PM

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I don't think this question has ever been asked in this forum before. I am wondering how many here have a million cash in the bank now (not CPF) with the house they are living in now (hdb or private) fully paid and with zero debt? Please note that I am not talking about those sitting on paper assets as some bros here will probably say they can liquidate this and that property to have x millions, I am talking about those debtless people with a million cash in the bank now. 

 

If you are in this category, it would be interesting to hear what do you plan to do with your cash in the next couple of years?

 


#2

Posted 25 February 2018 - 04:17 PM

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FD, SSB, Single Premium Insurance, Blue Chip stocks - all add up to $1M counted?
i think no one is in their right mind to keep $1M cash in bank la

keeping total $1M cash in bank means losing money every single day
hence, that’s your answer to what to do with $1M cash liao

i assume $200K total cash as liquidity should suffice for the $1M category
if sifu Enye ... $200k cash is pocket money for 1 month nia ... hehe
for T2 not even enough to buy/sell full gold Rolexes ... lol

Edited by Wt_know, 25 February 2018 - 04:22 PM.

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#3

Posted 25 February 2018 - 04:26 PM

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FD, SSB, Single Premium Insurance, Blue Chip stocks - all add up to $1M counted?
i think no one is in their right mind to keep $1M cash in bank la

keeping total $1M in cash in bank means losing money every single day
hence, that’s your answer to what to do with $1M cash liao

i assume $200K total cash as liquidity should suffice for the $1M category
if sifu Enye ... $200k cash is pocket money for 1 month ... hehe

 

The million cash in the bank is usually short term, pending an investment decision. I think many in Singapore are sitting on a lot of cash in the bank now, thinking whether to divest in property, stocks, fx etc. 


Edited by LPPL, 25 February 2018 - 04:29 PM.


#4

Posted 25 February 2018 - 04:46 PM

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Cheng Hu has that billion dollar also tell you can only put down a deposit and borrow max... borrow max can invest more. Agree or not is a different story.

Nonetheless, I do believe there are many such people in SG. Property too ex, stocks too risky, only bonds and fixed deposits or CPF deposit (using cash). Prefer the security of cash or equivalent.

In olden and developing scenarios which Govt allow boom and bust (or no choice but to allow), that strategy can be very fruitful once in a while.
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#5

Posted 25 February 2018 - 05:22 PM

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Spreading through out a few banks account for higher interest. Think now maybank offer 1.2% for first 50k

PS I do not have 1 million

Edited by Bacteria83, 25 February 2018 - 05:25 PM.

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#6

Posted 25 February 2018 - 07:55 PM

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Some speculate that due to the property market pickup, buying into bank shares is like a sure win due to increase in loan activity.

#7

Posted 25 February 2018 - 07:56 PM

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For discussion’s sake.

If you have a million cash now.

1. Buy a property of $2M and put $1M as downpayment.

2. Buy Singtel shares. Current yield about 5% based on $3.35 share price.

5 years down the road. Which option will yield better absolute returns.
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#8

Posted 25 February 2018 - 07:59 PM

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For discussionâs sake.

If you have a million cash now.

1. Buy a property of $2M and put $1M as downpayment.

2. Buy Singtel shares. Current yield about 5% based on $3.35 share price.

5 years down the road. Which option will yield better absolute returns.

Which is a safer haven with 5 year horizon? Telco, pty or bank stocks? For discussion sake...

Edited by LPPL, 25 February 2018 - 08:00 PM.


#9

Posted 25 February 2018 - 08:05 PM

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Spreading through out a few banks account for higher interest. Think now maybank offer 1.2% for first 50k

PS I do not have 1 million

U have billions [grin]

For discussionâs sake.

If you have a million cash now.

1. Buy a property of $2M and put $1M as downpayment.

2. Buy Singtel shares. Current yield about 5% based on $3.35 share price.

5 years down the road. Which option will yield better absolute returns.

Why not buy $1m properties? With additional 1% above 1m property and also interest from 1m, its better to pay full and rent out
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#10

Posted 25 February 2018 - 08:06 PM

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For discussionâs sake.

If you have a million cash now.

1. Buy a property of $2M and put $1M as downpayment.

2. Buy Singtel shares. Current yield about 5% based on $3.35 share price.

5 years down the road. Which option will yield better absolute returns.

What's your assumption in terms of property prices in 5 years? Average Interest rate and rental yield over the 5 years? Singhell share prices then?

It's garbage in garbage out. Top many assumptions involved, making the comparison not very meaningful...
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#11

Posted 25 February 2018 - 08:07 PM

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Spreading through out a few banks account for higher interest. Think now maybank offer 1.2% for first 50k

PS I do not have 1 million

BOC rate better but dont know got conid9ition bo
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樹多總有枯枝,人多總有白痴

#12

Posted 25 February 2018 - 08:08 PM

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FD, SSB, Single Premium Insurance, Blue Chip stocks - all add up to $1M counted?
i think no one is in their right mind to keep $1M cash in bank la

keeping total $1M cash in bank means losing money every single day
hence, thatâs your answer to what to do with $1M cash liao

i assume $200K total cash as liquidity should suffice for the $1M category
if sifu Enye ... $200k cash is pocket money for 1 month nia ... hehe
for T2 not even enough to buy/sell full gold Rolexes ... lol

Use $1m to open up watch shop specialise in rolex. I am sure u ald get hundred of loyal customers from mcf alone :D
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Dont get confused between my personality & my attitude...

My personality is who I am...

My attitude depends on who you are...






#13

Posted 25 February 2018 - 08:14 PM

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According to Lobert Kilosakti, no debts does not mean good. There are good debts as well as bad debts.  :XD:


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#14

Posted 25 February 2018 - 08:46 PM

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According to Lobert Kilosakti, no debts does not mean good. There are good debts as well as bad debts. :XD:

According lobelto, any words will do as long as his books sell well lol
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Dont get confused between my personality & my attitude...

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#15

Posted 25 February 2018 - 08:58 PM

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U have billions [grin]
Why not buy $1m properties? With additional 1% above 1m property and also interest from 1m, its better to pay full and rent out


When my time is up highly possible to have billion to use :D

#16

Posted 25 February 2018 - 09:22 PM

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If i say i have, would you believe?

If i say i dont have would you believe?

Anyway a million bucks in cash is not a lot.
Singapore a lot of cash rich people.

Edited by Throttle2, 25 February 2018 - 09:23 PM.

Targetting to truly retire by 2028
Give away my CPF
Travel the world and smoke those Cubans!

#17

Posted 25 February 2018 - 09:24 PM

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Some speculate that due to the property market pickup, buying into bank shares is like a sure win due to increase in loan activity.

Already win quite a bit on this actually in a year total. Something like 30% before cashing out.

Switching to another type soon.
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#18

Posted 25 February 2018 - 09:26 PM

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FD, SSB, Single Premium Insurance, Blue Chip stocks - all add up to $1M counted?
i think no one is in their right mind to keep $1M cash in bank la

keeping total $1M cash in bank means losing money every single day
hence, that’s your answer to what to do with $1M cash liao

i assume $200K total cash as liquidity should suffice for the $1M category
if sifu Enye ... $200k cash is pocket money for 1 month nia ... hehe
for T2 not even enough to buy/sell full gold Rolexes ... lol

Well, guess i have not been in my right mind for more than a decade.
🤣












Nb. The above is ToaPow

Edited by Throttle2, 25 February 2018 - 09:28 PM.

Targetting to truly retire by 2028
Give away my CPF
Travel the world and smoke those Cubans!

#19

Posted 25 February 2018 - 09:28 PM

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What's your assumption in terms of property prices in 5 years? Average Interest rate and rental yield over the 5 years? Singhell share prices then?

It's garbage in garbage out. Top many assumptions involved, making the comparison not very meaningful...


Truth is I have no idea.

Although I would think the chance of seeing Singtel see $4 again is very high within the next 3 to 5 years.

I really really dunno what’s the upside for property in 5 years, conservatively.

That’s why I am asking.

#20

Posted 25 February 2018 - 09:28 PM

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What's your assumption in terms of property prices in 5 years? Average Interest rate and rental yield over the 5 years? Singhell share prices then?

It's garbage in garbage out. Top many assumptions involved, making the comparison not very meaningful...

I always take 2% compounded gain averaged over long term, minus lease depreciation if relevant. This is probably half of the historical gain but is defensive enough.

Add the rental gain minus all the costs one can think of.
"You take the blue pill, the story ends. You wake up in your bed and believe whatever you want to believe. You take the red pill, you stay in Wonderland, and I show you how deep the rabbit hole goes."


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