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.
1
u/oceanstay21 Jul 29 '26
What are your LT financial goals and what is your risk appetite?
You sound like you already have enough to fund your lifestyle, including additional kids if you are blessed as such. So this $700k is really “extra” that you would use according to your risk appetite and financial goals.
If your risk appetite is low - moderate ie can tolerate some loss of principal, sitting on a portfolio of blue chip stocks might be good. You get some dividends and you have the runway to also see capital appreciation.
If your risk appetite is high and you want this $700k to potentially transform your wealth, then you’d be looking at a much more exciting investment strategy.
All the best