I have engaged a law firm to manage the property purchase transaction and I’m preparing for the appointment to sign the Option To Purchase (OTP). Just wrote the cheques for the payment of the balance deposit, stamp duty and legal fees. This is going to draw down on my cash holding significantly and I’m reducing my investing activities accordingly. In fact, the rest of the downpayment in a few months’ time is going to wipe out most of my cash on hand so I probably can’t invest much at all. Need to give myself time to rebuild my cash position for investing and it’s going to take a while. Even after using up most of my CPF-OA for the downpayment, I still have a shortfall to make up.
I’m thinking of withdraw the funds required from my robo-advisor accounts and monthly investment plans. After all, these automated investments are the mostly...