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Anonymous

09 May 2021

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Is it advisable to direct all housing fund to investment for next 20 years?

Initial plan was to buy a 3 room flat since I have turned 35 last year and rent out 1 room/entire flat after MOP while I continue to stay with my parents till they are no longer around. However flat search had been unsuccessful and given the current situation, it seems to be more challenging. I saved up 100K housing fund which the value is eroding everyday in the bank. I am thinking of directing all housing fund to low risk investment since I do not have immediate need and let whatever I have in CPF to compound interest for next 20 years? Hopefully by then the investment + CPF will be able to fund me a 2-room or 3-room flat? Is it advisable to do so? TIA

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Tan Choong Hwee

09 May 2021

Investor/Trader at Home

If you have no immediate use of the housing fund, it makes sene to invest it. Can consider low risk investment like insurance savings plans (e.g. Dash PET), short term endowment plans (e.g. Etiqa eEasy save V), cash solutions (e.g. Endowus Cash Smart, Syfe Cash+, StashAway Simple), or income portfolios (e.g. Fullerton MoneyOwl WiseIncome).

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