facebookIf 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? - Seedly

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Anonymous

03 Nov 2020

Robo-Advisors

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.

Discussion (3)

What are your thoughts?

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?

Jiayee

Jiayee

03 Nov 2020

Level 11·Salaryman at some company

$2,000 / $30,000 is approx 6.67%. Given your short investment horizon and conservative risk appetite, you can invest in portfolios with a greater proportion of fixed income assets and a lower proportion of equities. However, if you plan to invest through a robo-advisor, you need to take into account the platform's fees. Fees are charged throughout the period your money is invested, regardless of profitability.

If I were you, I will keep this money in cash management or insurance savings.​​​

Hi there!

I usually ask myself two things before I invest:

  1. How long can I stay invested before ...

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