What to do with inheritance?

[Staff69]

  On 8/15/2018 at 1:23 AM, Adrianli said:

If dont dine in own shop, how to know if food is up to standard? Then employees will think that even the boss also dont eat in his own shop.

 

 

Same like my company. We own an airline but all management staff dont fly in our own airline. SQ is the preferred choice.ð

bro...like i told you before

i always treated you as my best friend forever

 

 

i can announce here that i wont ask any financial favour from you

 

 

i can even buy you lunch everyday

 

 

but as you know i am still single

 

and you happens to work with air crew

 

you know.....i know...if got any

 

 

this type...you intro me ok

Edited August 15, 2018 by Staff69

[Sunny]

  On 8/15/2018 at 1:37 AM, Jamesc said:

Got money coming in people need to ask how to spend?

 

I don't need to ask. I will blow it all on wine women and song.

 

Take the wife to a nice wine bar with live band

 

and the rest take MCF members to ktv.

 

Wine women and song.

[Throttle2]

  On 8/15/2018 at 1:23 AM, Adrianli said:

If dont dine in own shop, how to know if food is up to standard? Then employees will think that even the boss also dont eat in his own shop.

 

 

Same like my company. We own an airline but all management staff dont fly in our own airline. SQ is the preferred choice.

[Throttle2]

Base on this i dont think you are talking about food tasting and testing your business.

Sounds more like leeching.

 

And therefore my corresponding advice

Edited August 15, 2018 by Throttle2

[Adrianli]

  On 8/15/2018 at 1:42 AM, Staff69 said:

bro...like i told you before

i always treated you as my best friend forever

 

 

i can announce here that i wont ask any financial favour from you

 

 

i can even buy you lunch everyday

 

 

but as you know i am still single

 

and you happens to work with air crew

 

you know.....i know...if got any

 

tenor (5).gif

 

this type...you intro me ok

[Adrianli]

  On 8/15/2018 at 1:50 AM, Throttle2 said:

Base on this i dont think you are talking about food tasting and testing your business.

Sounds more like leeching.

 

And therefore my corresponding advice

 

Dont worry. After so many of you guys advised against it, i will drop the idea. Keep the friendship better.

 

I guess that i am not cut out to be a businessman. Will just look at where to put the inheritance and not put in too much risk. Afterall, it will be my "funeral money".

[Jman888]

since you like boat, i think this one is for sale  

 

[Lala81]

  On 8/15/2018 at 1:58 AM, Adrianli said:

Dont worry. After so many of you guys advised against it, i will drop the idea. Keep the friendship better.

 

I guess that i am not cut out to be a businessman. Will just look at where to put the inheritance and not put in too much risk. Afterall, it will be my "funeral money".

Reduce your mortgage if any, Some SSB, some blue chips etc, about as safe as your money can get lor.

Don't need to stress, just live your life as per normal.

Edited August 15, 2018 by Lala81

[Kusje]

  On 8/15/2018 at 2:16 AM, Lala81 said:

Reduce your mortgage if any, Some SSB, some blue chips etc, about as safe as your money can get lor.

Don't need to stress, just live your life as per normal.

 

I won't suggest to reduce mortgage outright with interest rates still low unless the loan is from HDB.

 

I would use the money to pay off the money owed to CPF - that way, you start earning 2.5% on it and if you want to use it to pay off the mortgage in the future, still can.

[13177]

  On 8/15/2018 at 1:52 AM, Adrianli said:

I work in the marine side of the business. All i see and communicate with are big hairy dudes in coveralls. Unless you like dudes.

 

The ladies i see in the office are aunties. Only once a year, i see pretty gals from Hongkong. They are our group auditors. Young and pretty. Too bad i no speak Cantonese so cant understand what they talking. When they speak english, mostly is about work. Cantonese is used among themselves, 4 to 5 of them.

Hongkong gals.    I wish my company can have hk gals. 

[Sunny]

  On 8/15/2018 at 2:21 AM, 13177 said:

Hongkong gals.    I wish my company can have hk gals. 

 

 

OT abit

 

 

what's so good about hkg gals?

 

my home got 1 liao 

  On 8/15/2018 at 1:52 AM, Adrianli said:

I work in the marine side of the business. All i see and communicate with are big hairy dudes in coveralls. Unless you like dudes.

 

The ladies i see in the office are aunties. Only once a year, i see pretty gals from Hongkong. They are our group auditors. Young and pretty. Too bad i no speak Cantonese so cant understand what they talking. When they speak english, mostly is about work. Cantonese is used among themselves, 4 to 5 of them.

 

 

actually speak to them in english is better

no mandarin no broken cantonese

else, "body language" 

[Staff69]

  On 8/15/2018 at 1:52 AM, Adrianli said:

I work in the marine side of the business. All i see and communicate with are big hairy dudes in coveralls. Unless you like dudes.

 

The ladies i see in the office are aunties. Only once a year, i see pretty gals from Hongkong. They are our group auditors. Young and pretty. Too bad i no speak Cantonese so cant understand what they talking. When they speak english, mostly is about work. Cantonese is used among themselves, 4 to 5 of them.

 

 

to celebrate your windfall, i order the chips but now since you say

 

 

no this type intro

 

 

 

i just take out 2 packs

Edited August 15, 2018 by Staff69

[Adrianli]

  On 8/15/2018 at 2:12 AM, Jman888 said:

since you like boat, i think this one is for sale

 

My inheritance is not from Najib leh, only a small sum. Will not be able to afford it at all. I dont think even enough to get the new Audi A8.

[Lala81]

  On 8/15/2018 at 2:19 AM, Kusje said:

I won't suggest to reduce mortgage outright with interest rates still low unless the loan is from HDB.

 

I would use the money to pay off the money owed to CPF - that way, you start earning 2.5% on it and if you want to use it to pay off the mortgage in the future, still can.

Hmm good point.

 

You can also top up you and your wife SA to the max of 160+k if not already reached.

[Adrianli]

  On 8/15/2018 at 2:16 AM, Lala81 said:

Reduce your mortgage if any, Some SSB, some blue chips etc, about as safe as your money can get lor.

Don't need to stress, just live your life as per normal.

Got no mortgage to pay off. Only debt is car loan. Left about $70k to pay off.

[Volvobrick]

  On 8/15/2018 at 2:19 AM, Kusje said:

I won't suggest to reduce mortgage outright with interest rates still low unless the loan is from HDB.

 

I would use the money to pay off the money owed to CPF - that way, you start earning 2.5% on it and if you want to use it to pay off the mortgage in the future, still can.

 

Good idea but must be aware of certain restrictions before putting money back into CPF, e.g. CPF money cannot be used for equity loan (taking a new loan after the property has appreciated in value).  Unless near to 55 then not much issue as long as minimum sum is already met.

Edited August 15, 2018 by Volvobrick

[kykh]

  On 8/15/2018 at 2:19 AM, Kusje said:

I won't suggest to reduce mortgage outright with interest rates still low unless the loan is from HDB.

 

I would use the money to pay off the money owed to CPF - that way, you start earning 2.5% on it and if you want to use it to pay off the mortgage in the future, still can.

And if there's no outstanding loan at all, one may also refund to his CPF OA the accrued interest which he would have earned over the years had his CPF savings not been withdrawn to finance his housing previously. I did that after maxing out my SA and MA, and treat the refund as a form of investment diversification in an AAA bond.

Edited August 15, 2018 by kykh

[Kusje]

  On 8/15/2018 at 3:43 AM, kykh said:

And if there's no outstanding loan at all, one may also refund to his CPF OA the accrued interest which he would have earned over the years had his CPF savings not been withdrawn to finance his housing previously. I did that after maxing out my SA and MA, and treat the refund as a form of investment diversification in an AAA bond.

 

AAA bond can be sold anytime. Once stuck in CPF OA means stuck there till mati.