Learn how to style your text
Tan Wei Ming
06 Apr 2021
Founder and Writer at Frugal Youth Invests
Their Cash Management Solutions would be a better option.
Hi Anonymous, given the short time frame of just about 1.5 years and the volatile markets expected in the near term (may even be more than 1.5 years), it would be wiser to have the money stashed away in a more liquid vehicle. This could be High Interest Saving Accounts such as DBS Multiplier and SC Jumpstart if you're <26 years old.
Instead of cracking your brains to find somewhere to park this money, an alternative is also to increase your earn rate during this period. You could consider part time jobs if time permits, or any gig jobs during your spare time according to your skill sets. Food delivery is definitely the rave right now, though it may not be as profitable as before.
All the best! You'll definitely appreciate the hard-earned iPhone in Sep 2021 even more.
30 Apr 2020
Calculator at The Internet
Don’t invest money that you need in less than 5 years.
a lot of things can happened to the economy.
Pang Zhe Liang
24 Apr 2020
Senior Financial Services Consultant at AIA Singapore Private Limited
As always, investment yields only non-guaranteed returns. This is because every investment has its s...
Read 8 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
ETFs, Equities, Bonds, REITs, Gold
0.4% to 0.65%
ANNUAL MANAGEMENT FEE
EXPECTED ANNUAL RETURN
Web and Mobile App