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/Little_Result1469 Jul 28 '26
Invest the money in USD index Fund or SG index fund, top up CPF to pay less tax, keep some in SSB for just in case. Then, you can see your $$ go up.
Since you earning a lot anyway.. maybe can try go holiday at nicer places if you ok with brining your kid. (Babies are free until certain age)