20 Apr 2021
I am a 28 year old guy who's aiming to get married in the next 5 years. I am new to investing as well, could you advise me an investment type that could earn me decent returns within 3-7 years?
Based on the articles available, I have mostly been advised to start with ETFs, but I understand that they are not ideal for short term investment. Hence, this question
Expected return formula:
Years till money required divided by 2, 3, or 4.
If you need the money in 7 years, you should expect a 1.75-3.5% return. Thus, investing only in short term bonds, or even short term endowment plans would be ideal. Stocks and equity funds would be too volatile for such a short term.
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Given that you're yet to embark on the investing journey, the first step would be to read up and understand what investing is. Although there are so many financial advisors out ther who can help you with this, I'd suggest that you go for a robo-advisory platform to do the job of assessing your current financial position and recommend a portfolio strategy after reviewing your risk profile. As for the "catch", I would say that Robo-advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees.
I work at kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.
I hope this helps you make the right decision.
First up, congrats on wanting to embark on your investing journey!
Since you are new to investing, ...
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