Saturday, 19 May 2018

For my wife - just in case something happens to me.. Choy choy!

So I was talking to my wife about how to manage my portfolio if in the event I do get into an accident or pass away suddenly (touch wood). She was not very interested to listen as usual as she's not interested to know how to manage finances and stuff.

But I was telling her that she should at least know how to manage it so that in the event something does happen to me, she can at least devote her time to our son (and other children if any) with the insurance payout that she would receive rather than still spend her time worrying about money and work.

So, instead of listening to me nag, she said:

Aiya then you post it on your blog la, if ever needed I will go to your blog and see how you manage our money - you see I so good give you inspiration for your blog

Thus, post today courtesy of my wife.

So dear wife (or kid/s), long story short, if I ever were to pass on, please use take the insurance money and pump it into the following investments:

30% into Vanguard FTSE All-World UCITS ETF (VWRD) on the London/Ireland Stock Exchange
30% into SPDR Straits Times Index ETF (ES3.SI)
40% into ABF Singapore Bond Index Fund (A35)

Once you have done the above, make sure that you re-balance the portfolio annually, meaning look at the value of all 3 funds and make the percentages into 30/30/40 again. 

In the event you really have no clue about how to do the above, please pump your money into Autowealth. Not preferred since it will most/all be in USD, but I guess it's better than not doing anything with the money. 

Once money is pumped into the investments, you can spend 4% of the total amount per year and this should last you sufficiently for the rest of your life. Of course, please be prudent and be flexible with the money if markets were to go down, to be safe I would say just use 3% of the total value per year. 

For example, if you were to get $1.5 million from insurance, you can use $60,000 per year if you use 4% and $45,000 if you just take 3%. 

I'm not currently doing exactly as I say above, but this is because we are still in the accumulation stage. If you do get my insurance money, then just go ahead and do the above yea? 

I hope you don't ever have to refer back to this post cause we always said I will need to be healthier than you and be the one to go later. But, we never know right? 

I love you! :) 


  1. I know what you mean when the wife isn't interested. This post is so touching :'(

    1. Aiyo no cry no cry! =)

      CZM dun wanna listen also? Think she should have some basic knowledge etc though since shes willing to go things like stashaway talk with you right?

    2. CZM is more knowledgeable than me but like your wife, isn't interested in finances/investments. She was an auditor and now prepares financial statements. I guess one wouldn't want to see/do things similar to work after work right? Haha.