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