Advertisement

Anonymous

17 Jun 2020

∙

General Investing

How can we allocate a shared fund (e.g. stocks, bonds, short-term endowment, savings account) of $60000 which will be used for renovation and wedding in 2024?

Hi experts, me and my gf are planning to get married some time in 2024, our 4 room BTO will also be ready either late 2023 or early 2024. We are planning to create a shared fund of $60000 now. We intend to not touch this until then. We have adequate savings and are both working at the moment. We may continue to contribute 250-300 each a month to this fund. How should we allocate this fund to ensure there is a certain margin of safety and it can grow conservatively at the same time?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Al

17 Jun 2020

Stick to fund which give you guarantees. The time horizon is too short with a guaranteed event to take any sort of risk if that is the only fund you are depending on for renovation and wedding costs in 4 years.

You can set aside a long-term fund out of the near term fund through your cashflow.

You can use the calculator here to aid with your planning:

https://www.aaronleow.com/wealth-projection-cal...

Reply

Save

Frankie Rappaport

17 Jun 2020

Surely not into stocks, needs investing horizon of greater 10 years

Reply

Save

Write your thoughts

Related Posts

I'm going to enlist and have $28K in savings. How much should I allocate for emergency funds and investments? No short-term goals but I really want to grow this amount further while I'm in serving NS. Any advice?

For young working adults like myself with multiple upcoming lump commitments (e.g. housing downpayment, renovation, wedding), how do we allocate between savings and investment accounts?

If I am trading stocks and using a nominee account, is there any risk of naked short selling? I have 10 shares of "Stock A". I submit a sell order of 11 shares of "Stock A". Will the order get passed?

I'd like to fund mt TD ameritrade thru DBS. May I know which type of DBS account is the best to use? E.g., personal saving account, multi-currency acc.?

Do REIT ETFs behave differently from a Stock ETF during a market downturn? Are they riskier / do not have the same long-term advantages as stock ETFs due to e.g. rights issue to raise funds, dilution of shares, inability to repay loans?

Related Products

StashAway

4.7

1293 Reviews

StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)

Cash Management

INSTRUMENTS

None

ANNUAL MANAGEMENT FEE

None

MINIMUM INVESTMENT

3.5%

EXPECTED ANNUAL RETURN

Mobile App

PLATFORMS

Standard Chartered JumpStart Account

4.8

782 Reviews

Endowus

4.7

658 Reviews

Related Posts

I'm going to enlist and have $28K in savings. How much should I allocate for emergency funds and investments? No short-term goals but I really want to grow this amount further while I'm in serving NS. Any advice?

For young working adults like myself with multiple upcoming lump commitments (e.g. housing downpayment, renovation, wedding), how do we allocate between savings and investment accounts?

If I am trading stocks and using a nominee account, is there any risk of naked short selling? I have 10 shares of "Stock A". I submit a sell order of 11 shares of "Stock A". Will the order get passed?

I'd like to fund mt TD ameritrade thru DBS. May I know which type of DBS account is the best to use? E.g., personal saving account, multi-currency acc.?

Do REIT ETFs behave differently from a Stock ETF during a market downturn? Are they riskier / do not have the same long-term advantages as stock ETFs due to e.g. rights issue to raise funds, dilution of shares, inability to repay loans?

Advertisement