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Monday, September 26, 2022
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MAN WITH S$21M ASKING FOR RETIREMENT INVESTMENT ADVICE

Hi Everyone, I am a 55-year-old working as Senior Management at a European MNC in SG.

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I reckon I have another 5-9 years of work left in me, but would happily retire today if I get the chance to vest my current stock compensation.

My only issue is I am not in the financial services industry and have had very little success in investing, usually leading to negligible or negative returns over the years.

Would love your advice on where to invest my remaining income or reorganize my portfolio towards. All numbers in SGD.

Property: 1 apartment that I live in with my family valued at around 7M. 1 investment property bought in 2016 in Marina Bay valued at around 4M, yielding about 100k in rental a year.

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Overseas Property: 1 land, valued around 1.1M, but selling would mean 30% tax.

Personal Stock portfolio: 1.85M, but have incurred massive losses, almost down 1M from the peak.

Private Bank Portfolio: 4M, fairly diversified and has yielded 2-5% a year, but so far this year it is negative. I have only started using my PB significantly over the last 1.5 years.

Unvested Stock: 3M, fluctuates quite a bit with the stock price. To be vested over the course of the next 3 years.

Debt: I’ve got about 2M mortgage for my 2nd investment property. Fixed interest rate, not really a big problem

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Income: Depending on the year and the stock price, anywhere from 2M-3M, pretax.

The rest I would consider liabilities or non assets like art, jewelry or cars and wouldn’t have an impact. I have 3 children who are studying in the UK or Australia and have almost finished their education so they are not much of a financial burden anymore.

Currently our spend is about 10k a month and 20k+ when is gets pretty expensive, like holidays and stuff.

My goal for retirement is to do something I enjoy and travel the world with my partner, at the same level we already do (Business class, 5 star hotels, restaurants).

I would appreciate some advice, no idea is a bad idea would love to consider all options to invest.

PS. I have asked my PB but they all have a incentive to just sell me products as it’s a commission based business.

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