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How to invest for long term & future HDB BTO?
Hi, I am a 22yo NSF with a monthly allow of $630. I will ORD in a year and plan on studying uni for 3 years. I plan to bto at 25 while still studying. If I get a flat, I will need to pay 5% downpayment ($20k). My GF and I agreed to split the cost 50/50. With $17.5k now, I invested $2000 on Syfe Reits+ and $3500 on Equity100. The remaining is at SingLife. Goal: Long-term and pay BTO fee
Qns:
1) Which Syfe portfolio should I focus more?
2) Should I invest more?
3) What other options (StashAway)?
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Discussion (3)
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thefrugalstudent
01 Mar 2021
Founder at thefrugalstudent.com
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Hi Isaki,
Wow good job on having your future plans laid out so clearly, it definitely helps to allow you to plan better!
If you plan to take out some investment money to pay your down payment, you might want to consider using Syfe's Global ARI portfolio instead of Equity100. The reason is that global ARI will help to rebalance your portfolio to maintain its value. This will mitigate the risk that the market is down when you need to liquidate your investments - which is a very possible situation considering you will need it in the short term. If you rely only on Equity100, you may suffer heavy losses if you're forced to sell during a market correction.
However, if you're investing just for long-term growth, then Equity100 works fine, and should be your focus instead of REIT+.
Hope this helps and all the best!
Regards,
thefrugalstudent