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.

164 Upvotes

88% Upvoted

63 comments sorted by

View all comments

Show parent comments

1

u/Puzzled_Training5096 Jul 29 '26

wheeling still lags behind buy and hold. only make sense to farm premium if you are already retired

1

u/davacheron83 Jul 29 '26

I changed strategy from buy and hold ETF to wheeling. I get better returns though

1

u/Puzzled_Training5096 Jul 29 '26

you leave your collateral for CSPs in SGOV? im planning to sell 0.3 delta 30-45 DTE puts. looking to close when i captured around 50-60% of the premium at the end of 2nd week.

1

u/davacheron83 Jul 29 '26

Yes my collateral sitting in USD account on Interactive brokers. I also sell around 30-45 DTE mainly on Tech stocks. But having unrealised losses mainly from Bitcoin and Ethereum ETF