Investing savings for a debt free family

Dear Mr Tan
We wish to seek your opinion on what we should do with our savings. Currently, we have paid off our HDB loan, car loan, and we are practically debt free. We are in our 30s and we have 2 sons from age 5 to 10. We have some investments and they are doing well fetching us dividend yields of 5 to 9% per annum. We have sufficient insurance coverage should we report early to heaven and have also been buying education plans for our children since they were 1. We have learnt to live beneath our means and have saved a bit of money through the years.


You see, we have some savings and we would like to accumulate our wealth but we do not know what to do now. In addition, we did think about investing in a private property but prices are rocket high now. In your opinion do you think it is right to purchase a private property for investment purposes in Singapore? Do you think properties prices will go down soon?


TO

REPLY
Invest in a low cost investment fund as suggested in my book, Practical Guide on financial planning. It can be bought online. Visit www.easysearch.sg/ishop