facebookI 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? - Seedly

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Anonymous

20 Apr 2021

βˆ™

General Investing

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

Discussion (7)

What are your thoughts?

Sabrina Wong

Sabrina Wong

27 Oct 2021

Level 5Β·Communications at University at Buffalo

Hey Anon, firstly, congratulations on starting a new chapter in your life!

When it comes to savings, we should always start early (as early as one can), save little and save often. As a beginner, I have recently started my financial journey with Hugo Save, a digital account that helps you spend, save & invest, starting with gold.

I found investing in gold super interesting particularly as I want my money to grow but without the volatility that comes with investing in high risk options. Based on my research, gold had an average annual returns of 10.61% between January 1971 to December 2019, which shows why having some amount of gold in ones's portfolio makes sense. It's certainly more return than what you would get in your bank account! This article should help as well - https://hugosave.blog/singaporeans-buy-gold/

Overall Hugo Save suits my needs as a beginner - there is no minimum balance requirement, penalties or paid fees for maintaining a Hugo Account and you can invest in gold for as low as $0.01 and for as long as you want to. The gold in the hugo Gold Vault is physical gold allocated to the user and is safe.

JeffreyLeeZQ

JeffreyLeeZQ

20 Apr 2021

Level 9Β·Writer at Jeffreyleezq.com

First up, congrats on wanting to embark on your investing journey!

Since you are new to investing, I think you can consider the following:

  1. DCA into Passive Index ETFs,

  2. Robo-Investors;

  3. Regular Savings Plans

I personally recommend the first one option since it has the lowest cost.

You would also want to consider between Growth investing and Dividend investing as both are different forms of wealth accumulation. If you are interested you can check out an article I wrote previously here about their differences: Growth Investing or Dividend Investing?

P/S: Please save up your emergency fund first though.

Cheers!

- Jeffrey (jeffreyleezq.com)

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Hello Anon!

One option that is not often readily explored is alternative investments which can giv...

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