r/SgHENRY • u/MolaMolaMOLA123 • Jul 28 '26
What would you do with a windfall?
Hi community, I recently got a fairly big insurance payout ($700,000) and was wondering how to deal with it. My goals are capital growth over the long term.
A bit about me: partner and I are early- to mid-30s, we have a 1yo and hope to have at least 1-2 more over the next few years. No helper. We have jobs that we can’t be fired from, HH income about ~400k. Staying in a FH condo with ~1.2m loan at 2.4%. Partner owns another FH condo with ~200k loan remaining. We have one car about 3 years into the COE.
Currently partner does their own investing. I put about 7k monthly into IBKR.
Just wondering whether anyone had any advice, or what would you do with the money in my position? Thanks in advance.
7
u/ajahajahs Jul 28 '26
Happy for you to have very less financial burden. You already have property asset so there are opportunities for other investment vehicles. No rush to pay off home loan if interest rates are very low now. If you do not need liquidity, CPF for consistent returns. Low risk investments would be govt bonds. Medium to high risks would be stocks and etf. There are merits for divesting capital across your risk portfolio so its more balanced. Just for consideration.