Managing a windfall
Tan Jee Yee | 13 Jul 2018 00:30
Albert (not his real name) doesn’t consider himself a lucky man. In fact, with two jobs that didn’t end particularly well, and with his third job not looking anywhere near peachy, luck was as far from his mind just as Pluto would be to astronauts.

But Lady Luck can be fickle, and sometimes the good comes with the bad. Just about two years ago, Albert’s beloved uncle passed away of lung cancer. A few days later, he received a windfall. 

It was not a big windfall, if your standard of windfalls involves more than six zeroes at the end of a cheque. He received an inheritance of RM80,000 for all the help he had given his third son.

“It’s not happy money. It’s not money you’ve earned. Though I am thankful my uncle thought about me before he passed away,” Albert says.

RM80,000 was a lot for Albert, at any rate. He could put it away in a bank, earn a bit of interest. Or he could use it to settle some loans. Or should he invest it?

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