Hi,

A few parameters to define on your own for a quick evaluation :

1. What average yearly expenses vs your passive income generated from your investment / cash ? - Objective is to live off this rather than depleting into the funds / assets itself as best possible.

2. Medical insurance coverage to take care of the major financial risk

3. Your estate planning for your child (are you planning to leave him or her a sizeable inheritance or take the route they should be successful by their own self ).

A financial adviser can help you to evaluate this and form a plan , but bear in mind it's best you have already a plan of what you want, use the FA for his skill and access to the financial instruments to achieve what you want.  Don't get pull in to what the FA wants to sell.

You have 5million and if you do not wish to stress too much... dump all in FD also can get 100k per year at 2% p.a. Can live comfortably without touching your principal already.

But if you want to do more about it, do self contribution to EPF, can contribute to SSPN, can invest in some lower risk UT to enhance your returns.

For me I won't bother keeping money in Malaysia. But it's up to you. Reason is you don't want to hold a depreciating currency. Which means overtime your money buys less. Not to mentioned overtime your RM5M becomes smaller if you decided to dig into it.

I will open a sg bank account, transfer my money over slowly.
2nd step, open a good international brokerage.
FSM sg for buying sg stocks.
Interactive broker for buying overseas stock.
I don't recommend buying sg stocks but they are good for dividends especially their reits. They can give you 3-8%p.a.
Just buy parkway life, Fraser's logistics, Fraser's centerpoint, mapletree logistics, mapletree commercial, mapletree industrial, ascendas REIT, keppel DC REIT, keppel Pacific reits, prime reirs, United hamisphere reit and lastly elite commercial REIT (this is the highest quality reit as the tenant is the UK govt and paying I believed 7%p.a).
Non reits, Hongkongland, DBS/OCBC/UOB.

That's it. Beats any FD or any majority of unit trust in Malaysia. And protect your future purchasing power as well.

If you want more venture in HK market.
CKI infrastructure
CLP
Shenzhen international

Are all good picks. I used to owned them.

Never ever find a financial planner. They will con you into buying stuff you don't need. Majority of them are only interested in lining their own pockets as they are insurance agents/unit trust agents and are incentivise to sell products to generate commission. Hence already have conflict of interest. Do you ask a barber if you need a haricut?

Go and read up yourself. Plenty of blogs and YouTube video.
https://singaporeanstocksinvestor.blogspot.com/
(see all the link at the side, read all of them except CPF which is not relevant to us).
https://investmentmoats.com/stock-market-in...ting-resources/
https://stestocksinvestingjourney.blogspot....f-dividend.html
https://stestocksinvestingjourney.blogspot....-of-saving.html

Some YouTube video I recommend
Andrei jikh
Graham stephan
Our Rich Journey.

I have read basically everything I shared aboved.

I leaned everything on my own. Nobody taught me anything. I self taught myself. Trust me I went for a preview financial planner stuff which gave a talk at my company, it was rubbish. They are telling stuff I already know and trying to make things complicated. To the  uninitiated, it was mind blowing. To me was just meh.Since that day, never. Besides financial planner won't be able to bring me to where I am today. But I thank the above as they were my teachers. Always remember live way below your means and keep things simple.

after you had transferred to Sunway money (to protect against MYR depreciation) then do what? let it sits there?

how many % of your 5 millions are you gonna transfer out to protect it from depreciation?
if it is just 5 or 10%....then what about the depreciation of the rest of the 90~95% of your MYR?

There was a similar discussed topic before, but the topic is closed now.

Starting here for me and others to share their experiences and their ideas about FIRE.

I am a single mum, and my only child recently just started working. I am in my late 40s, My plan now is going to FIRE.

I am now working already since last year because of the pandemic. And I don't plan to go back to work and will be doing my leisure things and charity works.

At the moment, my banking assets is around RM5million ( half in FD, rest in UT, KLSE). I got burn in KLSE this year because of gloves, and lesson learnt. I don't have any bank loans.

What i dunno what to do in my financials, should i look for a financial planner to help me plan?

What do ppl living in FIRE do with their money?

THanks

Don't bother with bonds. Go straight for their reits.

FD at 2.6% is impressive. Mind sharing which bank. Thanks.

you had 5 mil in 2021... guessing you have more now...

1 mil is more than enough for your kid's education today... setting 1-2 mil aside in fd should be way more than enough when the time comes...

i accumulated some usd in case my kids wanna go overseas, but they all chose to study in Malaysia... its not necessary but just an option fyi...

imho... you have more than enough funds... so dont need to risk more to earn more... preservation is the keyword...

There was a similar discussed topic before, but the topic is closed now.

Starting here for me and others to share their experiences and their ideas about FIRE.

I am a single mum, and my only child schooling. I am in my late 40s, My plan now is going to FIRE.

I am not working already since last year because of the pandemic. And I don't plan to go back to work and will be doing my leisure things and charity works.

At the moment, my banking assets is around RM5million ( half in FD, rest in UT, KLSE). I got burn in KLSE this year because of gloves, and lesson learnt. I don't have any bank loans.

What i dunno what to do in my financials, should i look for a financial planner to help me plan?

What do ppl living in FIRE do with their money?

THanks

Why FD n not ASMx & EPF? 2% diff of 2mil is a lot.