How Would You Plan S$10 Million If You Win TOTO in Singapore?
Singapore's TOTO lottery has gone three consecutive rounds without a jackpot winner, pushing the prize pool up to S$10 million. To win this jackpot, long lines formed early outside.
Back in March this year, someone placed just a S$1 bet and ended up sharing a S$13.4 million prize with two others, sparking widespread envy. On April 28, the TOTO draw revealed a first prize of S$12,929,450, which was again shared between two winners.
What can you do with S$10 million in Singapore?
You could use the money to significantly improve your quality of life. House, car, education and better life…
Examples:
First, you can spend S$2 million for a better condominium
Second, S$1 million can get you a $Tesla Motors(TSLA)$ along with the Certificate of Entitlement (COE)
Third, how about enrolling your child in a prestigious school like Singapore American School (SAS), which costs S$586,000 from Grade 1 to high school graduation
Fourth, use a portion for diversified investments, such as life insurance, bonds, hedge funds, or REITs
Lastly, spend a few hundred thousand for a better lifestyle: hire a top-tier domestic helper, travel overseas, buy designer clothing, or luxury goods $Hermes International SA(HESAF)$
If you lack investment experience, simply putting 1 million in a savings account or fixed deposits and living off the interest could be enough for daily expenses
Questions to discuss:
How would you choose to allocate S$10 million if you won the TOTO jackpot?
Does this kind of sudden wealth truly lead to a better life, or are there hidden risks without proper financial planning?
Join our topic and post directly: How Would You Plan S$10 Million If You Win TOTO in Singapore? or leave your comments to win tiger coins~
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Singapore's TOTO lottery has gone three consecutive rounds without a jackpot winner, pushing the prize pool up to S$10 million. To win this jackpot, long lines formed early outside.
Back in March this year, someone placed just a S$1 bet and ended up sharing a S$13.4 million prize with two others, sparking widespread envy. On April 28, the TOTO draw revealed a first prize of S$12,929,450, which was again shared between two winners.
How would you choose to allocate S$10 million if you won the TOTO jackpot?
Does this kind of sudden wealth truly lead to a better life, or are there hidden risks without proper financial planning?
leave your comments to win tiger coins~
After charity donation, I am left with $6million. I will park them into high interest saving account n avoid any risky investments. Why I do so? I already have high risk investment in my portfolio. Hence, not good to pull all eggs into a basket.
I will get onto the most luxury cruise.. Regent Seven Seas Cruise. $1.3 million.
@melson @MHh @Wayneqq @HelenJanet
I’d then invest around S$3 million in a diversified portfolio—REITs, ETFs, life insurance, and hedge funds—to grow and protect the wealth. For my child, I’d set aside around S$600,000 for a top-tier education like at the Singapore American School, which I believe is a worthy long-term investment.
The remaining S$3.4 million would support a balanced lifestyle. I’d keep some in fixed deposits for security and use the rest for travel, a domestic helper, and occasional luxuries. I’d also work with a financial advisor to ensure smart decisions, knowing that sudden wealth without planning can lead to regrets.
@Tiger_SG @Tiger_comments @TigerStars
article here that a Tesla car plus COE costs S$1 million! Thanks @Tiger_SG @icycrystal
Managing SGD 10 million wisely requires discipline and a well structured plan.
First up, I would like to pay off all my debts including my housing loan, set up a trust fund for my children to ensure generational wealth. I would like also to set aside a portion for charitable causes such as helping the poor and the needy.
I would also like to build a diversified portfolio that will include Equities, Bonds, Real Estate in order to generate passive income for the long term.
Finally I would like to go on a round the world cruise, building memories that will last a lifetime.
Life is too short! I would seize every moment and make every heartbeat count.
@Tiger_SG @Tiger_comments @TigerStars @CaptainTiger @TigerClub
1) 2 M for buying my own private condo.
2) 2 M into high interest savings accounts across all eligible banks.
3) 2 M into Singapore Savings Bonds and Singapore T bills.
4) 2 M into money market funds and derivatives.
5) 2 M into equities, with small amount into crypto. Also, I will top up CPF to FRS sum.
I will continue working full time or at most, downgrade my work to part time role. I don't think I can just retire and do nothing at home lol.
1st use part of the 10m, travel around the world,
2nd buy a landed properly,
3rd, take 0.5m to invest in stock markets.
4th, place into SSB and T-BILL+ FD
5, buy a car
我的第一步会是“止步”，不急着动用这笔钱。我会找一位值得信赖的独立理财顾问，帮我做资产配置。大概会把70%用来做长期投资，包括房地产信托、指数基金和一些保守的本地债券，每年争取4-5%的回报，让钱本身去生钱。
再来，我会把20%用于提升家庭生活质量，比如换个住得更舒服的房子，给父母一点养老金，也给孩子设立教育基金，确保他们未来不必为学费烦恼。
剩下的10%，才是“梦想与自由”的部分：去旅行、学一项新技能，甚至尝试创业。留点空间给人生的好奇心，也很重要。
对我来说，1000万能带来更好的生活，但前提是你要有清晰的目标和风险意识，否则一夜暴富可能变成一场短暂的幻梦。
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