facebookI will most probably be buying a house in 4-5 years time. Would you advice to save up the house fund in bank or buy safe stocks and sell it 4-5 years later to fund for housing expense (reno etc.)? - Seedly

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Anonymous

19 Mar 2020

Property

I will most probably be buying a house in 4-5 years time. Would you advice to save up the house fund in bank or buy safe stocks and sell it 4-5 years later to fund for housing expense (reno etc.)?

Discussion (9)

What are your thoughts?

Brandan Chen

Brandan Chen

14 Feb 2019

Level 9·Financial Planner at Manulife Singapore

Firstly, whats your definition of safe stocks?

Secondly, Do you currently have the amount that is sufficient for your housing expense? Or still saving up for it?

Suggestion: There are no such thing as safe stocks. Do note that Investment returns are never guaranteed but your housing expense in the future is. If you are able to take up some risk, perhaps apportion about 50% to 70% of the fund is lower risk products such as SSB, Fixed Deposit, Citibank Maxigain, or Single Premium Endowment Plans offered by Insurers from time to time. With the remaining fund, perhaps you can consider placing it in REITS or Defensive Industries to reduce your loss should a crisis occur

Teo See Hwa

Teo See Hwa

19 Mar 2020

Level 6·MArketing Associate at Propnex

Never save to buy property, you will never buy when property price increase.

Buy what you can instead and upgrade later.

Andy Sim

Andy Sim

09 Mar 2020

Level 10·HR Professional at a Financial Institution

I would put it in a bank or buy SSB or fixed deposits cos these are capital guaranteed options. Sepa...

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