Whats the best way to invest for my retirement.?

Question

I want to set aside some amount of money monthly for my retirement. I am planning to retire in 20 years time. I am in singapore. WAnt to know whats the best way to invest.. Uni trust, stocks, CPF Special account.. Need your suggestions..

Answer 1

Use cash and CPF OA to buy unit trust (lower risk, easy to understand, good performance). Buy single country funds in Asia, (Thailand, Taiwan, Korea, Malaysia, Indonesia, Philippines are going way up right now), diversify with Europe regional funds. Buy and hold strategy. Dun buy from banks or insurance companies since they charge 3% sales charge. Buy from my company, it charges only 1.5%.
Legg Mason, Lion Capital, Aberdeen, Fidelity are some big names you should look at. They have good funds.
It's generally NOT a gd idea to mess with the special account since it earns you 4% risk-free but if you want to, buy First State Bridge.
All profits made from investments are not subjected to tax.
Stocks are suitable for ppl with high risk tolerance and high budget.
Before you start investing, please make sure you buy some term insurance, the best is i-Term from NTUC and followed by AXA FutureProtector. You dun want to suffer from some illness while your investments are making a loss and be unprotected at the same time.

Answer 2

Buy a mutli unit family house or a small apt building in a developing area according to the town planners. Collect the rent. Maintain the house or building and watch the property value increase. As your equity grows, take a portion and buy another property in a decent or developing area and do it again.

Real estate is a wonderful investment when you choose the right property in a good location.

Otherwise silver or gold options.

I use supplemental income to invest such as http://www.GoodShephard.Free1up.com

I try to look for double digit returns like holding real estate notes on properties. Don't put all your eggs in one basket. Diversify.

Read the business section in your area to see what the plans or for further development. Try to stay a step or two ahead so you can buy at low prices. Keeping an eye on local - national and international news daily to gage the market keeps me 3-5 years ahead of the market.

Answer 3

I can tell you the best way not to invest;

Don't take suggestions from strangers whose qualifications and motives can't be verified.

Reading several books over a year on Investing For Retirement is the best way. You're not looking to become an "expert". Once you get the general feel, understand Asset Allocation, understand Mutual Funds and ETF's..... You'll do fine.

Answer 4

Unless you have lots of cash, I recommend using leverage to the maximum extent, particularly whilst you are still young and building up your portfolio. I would buy property using the maximum LVR possible (ie where you can lend the highest proportion of the purchase price, which is 106% here in Australia) and also buy some CFDs (Contracts For Difference) if they're legal in Singapore. These allow you to buy stocks and indices using as little as a 1% deposit. Of course, whatever course you take, diversify - so buy some commercial and some residential property, a number of different indices, etc.

Answer 5

contact your human resources manager at your job and see if they have any type of profit sharing. IE 401K plan.