Dear Forumer,

I'm 35 years old and I will be losing my job next month due to company down sizing.

My current assets are
1. Cash - 300K (90% on FD)
2. Stock - 50K
3. A house fully paid up recently

Liabilities
1. Car - 12k

My monthly commitment is minimum 5.5K. This is because I'm married with a child and I'm fully taking care both of my aging parents. My wife not working to fully take care of my child.

For the last 1.5 year I have been partnering in a business which generate 4K/month on the average. I work on the business on a part time basis or remotely as I travel alot.

Should I take more risk by investing more money and time in expanding my business or look for another stable job? Current economic outlook is quite grim and don't think I can get my previous pay scale as I've gone through multiple job interviews.

My uncertainties on my future really stresses me out. Anyone can offer some word of advice?

Thanks for replying.

1. Although my average income I get from my partnership is average 4k, but I would like to prepare for the worst. Maybe I'm having a mid life crisis (getting old too) and everything paranoids me.

2. My minimum spending is 5.5K without any "disaster" hitting my family. Although all my family members are insured, but I personally see how medical bill can bite a chuck of your finance. Hence, I wish to increase or at least maintain my income to prepare for the worst. I know I set my expectation too high but I can't help to think of it. I also plan to have another child, but me losing my job is going to put this on hold.

3. Although my assets portfolio looks good, but I don't think its enough for me to grow with. I wish to grow this money so I can have enough for my retirement.

4. 90% cash on FD is just my current status as I sell a sizeable amount of shares before election. Still thinking carefully where to invest it in so I just put it in FD temporary. Thanks for the tip, I will have a look in it.

5. Does anyone tried any financial product in Hong Kong? I heard the returned is very good and consistent.

Thanks for the advice.

To tell you the truth, I'm not sure as well. I've spoken to a friend about my dilemma and he suggest me to research into Hong Kong financial products. There are many but he did not recommend me anything. Guess he didn't want to be blame if something gone sour.

He said its far more advance than in Malaysia and a return of 10-12% annually is a common.

I thought of start here to get my info gathering started.

I would like to thank cwhong and you for your kind advice and words of encouragement.

After working for 13 years in the same industry and lose my job, I would say its quite painful for me. I feel insecure now as well because I'm the sole bread-winner in the family and since I stuck with the same kind of work, industry, and my age I fear looking for a new job will be difficult.

I did forsee this to come as my parents always taught me to save for the rainy days hence the substantial savings. Well the storm have finally arrive, and I do believe I'm equipped to weather it but I just can't stop to worry.

Your kind advice does help lift my spirits up while I begin my search for a new begining.

Well I form a partnership with a very close friend. I work part time on the business hence I'm not a sleeping partner. I spend my after work and weekends sometimes working on the business.

After 1.5 yrs, on average I only got 3-4K/month. Its not much but for the effort and time I put it into the business I think its justifiable. Do note that business carries higher risk than a permanent job but it give better return as well. Always try to protect yourself to minimize the damage else you will lose everything.

Large chunk of my income comes from my permanent job and losing it does stress me out.

This post has been edited by locno_123: Jun 10 2013, 09:41 PM