Feb 4 2023, 07:28 AM
QUOTE(KeithLWK @ Feb 3 2023, 11:57 PM)
As the title says, currently working overseas and have cash at hand, lets say maybe 400k for example, would it be advisable to get a new project property, or to hold on to the cash and invest in dividend paying stock until I return home and shop around for resale / auction property.
Future plans not to have kids / family.
Sifu's insightful advise and life cookies are much appreciated here
Depends what direction you want to play, unker state it 1 by one yaFuture plans not to have kids / family.
Sifu's insightful advise and life cookies are much appreciated here
1. New property
1.1. Rental -> consider that you will need to get somebody to manage the renting process, good thins is that, somebody is paying your instalment, if can get somebody to manage, then it's tood
1.2. Appreciation -> condo, especially new ones, value will appreciate, 20 - 60% depending on (many factors), if all consideration is done properly, then it is good
1.3. Downfall 1 -> if not rented, you will have to pay maintanance fees from your pocket
2. Stock market
2.1. Dividend stocks -> KLSE is on discount at the moment, a good company pays 5 - 7% dividend per year, and superb company pays 10% dividend per year
2.2. Buy hold and upvalue stocks -> For this one, you will have to look at the stock everyday, unless you enjoy it lah
3. Auction property
3.1. This itself is a kungfu to learn
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