Too much cash?
42F here with 3 primary school kids and a husband whose job is not stable. My annual income is around 350-370K if you include RSUs, bonus etc. We live modestly and comfortably in a EM HDB (mortgage is 100% via cpf).
I came to the realization that my (liquid) investment allocations is in a mess and I might be holding too much cash now. What do I do with my cash to make it work hard for me?
My financial goal in my income producing years now is to accumulate wealth, but I can’t ignore the fact that I am the major breadwinner in my family now and income security fears loom. So I do have some instruments with payouts that will help with that risk - Eg 20 year US bonds with payout of 4.5%.
Assume I am well-insured with adequate term, CI, life, hospitalization, annuity, accident, careshield enhancements
for myself and my family members.
Specific questions -
I reckon about $120k would make for good emergency cash. That leaves me with with a good $260K for investment. Any thoughts on what I should do with that?
Thoughts on consolidating my US equities? I bought bits and pieces of them on syfe. VWRA and QQQM holdings are on IBKR. Figures are at market value. MSFT, NVDA, SCHF and all SG stocks are held in Poems. It’s a mess!
Thoughts on holding more SG equities given the exchange risk of USD? And less volatility.