facebookJust started working for a year with ~$15k savings so far. How should I invest/mutiply my savings? Looking for a low risk investment/saving plans to save up for house in 2-3years time or so - Seedly

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Anonymous

13 Oct 2021

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Just started working for a year with ~$15k savings so far. How should I invest/mutiply my savings? Looking for a low risk investment/saving plans to save up for house in 2-3years time or so

Hi all, I’m new here and would rlly like to seek all of your opinions towards investments/saving plans for newbies! Please share with me your thoughts/suggestions on how I can grow my savings & save more ☺️ I spent ~70% of my expenditure on my family, 30% on myself and saved up the rest (half of my income). Really hope that I can learn from all of you on ways to grow my wealth even if my savings’re so lill 😅

Discussion (4)

What are your thoughts?

Hard to suggest any investments for 3 years time frame, probably bonds, fixed deposit or cash management fund?

I think 2-3 years is a p short time as well, btr to stick with safer investments such as high interest rate accounts.

For money that you do not need in the longer term (5-10years), invest them in an ETF tracking a broad index.

CommonSense Investor

CommonSense Investor

14 Oct 2021

Certified Professional at Biotechnology and Gene Therapy Industry

Just Buy $TSLA...

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