Dear Mr Tan
I have recently retired from work and taken out my money from the CPF.
I have a large sum of money kept in the bank earning a miserable interst rate of 2%. Is is safe for me to invest in a unit trust or investment fund to earn a higher return? What is a good time to invest in the stockmarket after it has corrected?
You can read this FAQ.
My preference is:
* invest $200,000 in a life annuity
* invest the balance in a large, well diversified fund
As the global stockmarkets are still in turmoil, it is better to keep your money in the money market fund (to earn 1.5% to 2%). When the stockmarket has corrected to a lower level, you can invest in the combined fund.
You should talk to an insurance adviser.
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