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Anonymous

14 Apr 2021

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Options for growth of cash S$300k and CPF 150k in 3-5 years?

When i sell my current private property, less of loans/charges/fees etc.. will get back about $300k cash, 150k CPF. Both monies is to be used for my next matrimonial home purchase though, in 3-5 years time.

Should i leave the cash in a savings account ? What other alternatives is there for me? Taking note of liquidity as well.
CPF, to put into Endowus or just leave it be in CPF OA account?

I am sufficiently covered for insurance, have a 6mth emergency fund. Paid all my wedding expenses.

Currently, doing monthly DCA into Syfe Equity100 and Syfe REITs+ for $700 and $300 respectively. Not exactly a big portfolio, its small with about $8k in equities, $5k in Reits.

Don't exactly have much time to self-read and learn for investing since my work takes a lot of my time.

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CH

14 Apr 2021

My opinion, 3 years too short time frame to invest meaningfully. 5 years maybe. if i were you, keep CPF as CPF; money can split between fixed deposits, and cash funds (eg endowus cashsmart, syfe cash+ or stashaway simple).

alternative, if you want to take some risk, and is ok that if at 3-5 years later sitting on paper loss, you dont mind buying a smaller home, you can consider dca more in your current syfe portfolios. i won't try to open another robo account if i don't have time to understand what they are doing.

hope this helps.

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I make 180k a month, 300k currently in a mid term bond, 150k CPF OA, and 700k cash on hand from recent sale of first home. Looking at properties ranging from 1.7-1.8m or renting at about 3k a month. Which is better? Should I cash out my 300k bond?

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