facebookAs a current undergrad planning for my future, I am thinking of investing for housing and wedding in 8 years time. What is your advice? - Seedly

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Anonymous

04 Aug 2020

General Investing

As a current undergrad planning for my future, I am thinking of investing for housing and wedding in 8 years time. What is your advice?

With regards to it, what is an advisable ratio to put into Savings acc & to invest for the large ticket items? Or thoughts on investing all of it considering I have set aside emergency funds.

I will be buying AIA Pro Achiever(100% Investment ILP) with monthly premium of $200 intended for retirement. As of now I am able to commit another 100/month, which following platform would you recommend :
1. FSMone RSP VOO S&P 500 ETF
2. StashAway (General Investing)
3. Syfe 100% REITs Portfolio

Discussion (4)

What are your thoughts?

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Hey there!

With wealth accumulation, we need variable and guaranteed sources of income. Because your long-term need is certain and guaranteed, you might want to consider a guaranteed source of income such as an endowment. Do make sure the endowment fits into the time horizon of your needs and if you can commit to it!
Financial planning is an integral part of life. You can reach me here to find out more.

Have you done your budgeting for your house and wedding?

You can use the tool here for an approximate cash house budget:

https://www.aaronleow.com/max-cpf-home-loan

Once you have done your budget. Ignore the returns first and foremost. Focus on how much cash you need per month to hit your goal in 8 years. Returns can come later if there is shortfall. Considering that in 8 years time, your cash need is a guarantee, I will be weary about suggesting non-guarantee placement of funds. Especially if you have intentions to fully fund your plans from those investments. You would want a certain portion to be in assets where there is a level of guarantee, and the rest be allocated towards growth.

It would be far better to invest in your human capital. A well orchestrated move to a higher paying ...

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