OKay, for a start, let's aim for when the child reaches the age of 18.

1. How old are you and the wife?
2. what is your (house hold) income levels now?
3. what kind of insurances do you have?
4. how does your investment portfolio look like (epf, asb, unit trust, savings, yada2)?
5. What are your current commitments, separate them between HARD and SOFT expenses. Hard being something that you cannot avoid paying (such as loans, insurances, etc.) and SOFT expenses are things that you can adjust, reduce, or get rid off completely (food/drinks, entertainment, traveling, etc.)

There are a couple of sensitive questions that I need to ask though, would you like for us to set an appointment for an easy exchange of answers(from your part)-explanation(from my part), do you want to do this through PM, or if you don't mind discussing this over this thread for the benefit and visibility to other forummers?

Planning requires an objective and a time frame. It is more than just knowing where to place the money. Right after that comes management and overseeing the performance of the funds. You do not want it to be too hot or too cold, you are investing with an objective in mind, it is supposed to be optimized, not maximized. For if we all aim to maximize we can always invest directly into equities which comes with the risks. Seems like you need some tailoring. Hit the number below if you want to meet up.