Advertisement

Anonymous

03 Nov 2020

∙

If I have 30k worth of savings for marriage and I'm planning to get married in the next 3 to 4 years. Should I be investing that money or keep it in a bank?

Should I be investing that money in ETF (a robo advisor) and potentially grow that money? Or should I just keep it in a savings account. I'm fine with a loss of max 2k if investing.

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Li Elizabeth

03 Mar 2024

FD safest for peace of mind, then comes tbill

Reply

Save

1M45

03 Nov 2020

Option: safest to risky

1) Fix deposit (1%+)
2) high yield account eg. Dbs multiplier- 3.8% max (T&C)
3) Money market fund (0.x%)
4) bond UT (3%+ p.a.) monthly dividend (very stagnent). Eg pimco fixed income.
5) equity fund (3%+ p.a.) monthly dividend (some growth). Eg. UOB global quality fund

If only $30k wont suggest ETF, if you only willing loss $2000. There is a potential to grow higher but if there is a correction portfolio can down 30%.

With very low risk investment, typical return is 3%+. So around $3.6k+ after 4 yrs. Is it acceptable?

Reply

Save

Jiayee

03 Nov 2020

Salaryman at some company

$2,000 / $30,000 is approx 6.67%. Given your short investment horizon and conservative risk appetite...

Write your thoughts

Related Posts

Hi! We have about 40k in cash in various bank savings account. Is it wise to invest it right now? Keeping in mind I just worked for 3 months (fresh grad) and am planning to get married next year.?

I’ve been saving so much money which i opened up two bank accounts which combined both have about $50k. I’m planning to get married in 2.5 years time. Should i start investing?

My hubby and I will get a home in a year. Our renovation budget is $50,000. We are saving $4,000/month. Instead of keeping the money in a savings account, how should we invest it even for just a year?

I’m a year 2 University student and I’ve $30k savings. I really want to invest the money instead of leaving them in the bank however I’m overwhelmed with school. Any advice?

I'm in my mid-30s and getting married next year. I have 30K in my OA currently, would it be better to pay a lump sum for my HDB loan first or would you advice transferring some to SA or keep in OA?

Related Products

StashAway

4.7

1296 Reviews

StashAway Simple Guaranteed 3.55% p.a. (Guaranteed rate)

Cash Management

INSTRUMENTS

None

ANNUAL MANAGEMENT FEE

None

MINIMUM INVESTMENT

3.5%

EXPECTED ANNUAL RETURN

Mobile App

PLATFORMS

Endowus

4.7

660 Reviews

Syfe

4.6

934 Reviews

Related Posts

Hi! We have about 40k in cash in various bank savings account. Is it wise to invest it right now? Keeping in mind I just worked for 3 months (fresh grad) and am planning to get married next year.?

I’ve been saving so much money which i opened up two bank accounts which combined both have about $50k. I’m planning to get married in 2.5 years time. Should i start investing?

My hubby and I will get a home in a year. Our renovation budget is $50,000. We are saving $4,000/month. Instead of keeping the money in a savings account, how should we invest it even for just a year?

I’m a year 2 University student and I’ve $30k savings. I really want to invest the money instead of leaving them in the bank however I’m overwhelmed with school. Any advice?

I'm in my mid-30s and getting married next year. I have 30K in my OA currently, would it be better to pay a lump sum for my HDB loan first or would you advice transferring some to SA or keep in OA?

Advertisement