hi AK, need your advice.
I am a 52 years old single person, still working but hoping to quit from my stressful job and pursue own interest. Have come across your postings just recently - how i wish i had done that much early. My investment decisions over the past 10-15 years were really bad and lost $200k+ in stock and commodity markets.
Current financial situation:
- 5 room hdb flat (fully paid) with 2 rooms rented out. Got maid to take care of the flat, tenants and me
- mini condo (570 sqft - $660k) above MRT station and mall TOP later this year, w outstanding loan $400k @1.5%+ p.a. (another bad decision? haiz)
- Cash at bank $580k, Investment $280k, CPF OA $150k, CPF SA $190k
Insurance:
1 whole life and 2 critical illness policies sum assured of $50k each running since 1980's (total annual premium $3.6k for all the 3 policies) ......