Advertisement

Anonymous

15 Jan 2021

∙

Should I invest a low 6 figure sum for 4 months if I am going to withdraw it and buy a condo at the end of the 4 months?

My current goal is to buy a new condo in about 4-6 months, as I currently do not have enough money to do so now.

I was told that I should not invest any money that I need within the next 5 years, as investment is always a long game (time in market>timing the market) hence here's my question.

What would you do with 100k if you only have it for the next 4 months?
Let it sit in the bank? Invest in stocks? Bonds?

Any help would be greatly appreciated, thank you!

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Kok Hong

15 Jan 2021

Money market funds, can consider cash management services from the robo advisors

Reply

Save

Chris

14 Jan 2021

Owner and Writer at Tortoisemoney.com

I think some form of money market funds (Endowus Cash Smart, Syfe Cash+ etc.) would be a safer play. While these are technically still investments, the risk you are exposed to is much lower as compared to placing it in stocks.

Similar to these, insurance savings plans such as Singlife, Gigantiq can be considered as well, although these tend to have a cap on the amount that the advertised interest rates are applied on.

Reply

Save

Write your thoughts

Related Posts

As a person investing many years before going to the workforce, should I follow the stipulated 6 months worth of salary(arbitrary sum) in reserve or just make do with just enough?

I am planning to set aside <$500 per month for investing. Considering that i am buying SWRD. Is it better to invest lump sum (quarterly) or monthly? Is IBKR or SB a better option ?

OCBC Frank allows $100 investment a month for bluechip through them but there is a monthly fee of $5 . If i invest $100/month, I will make a lost by the end of the year. Is this common? Should I put in more going forward if not what should I do?

I have a monthly salary of $3,900 only and $55k cash savings, no debt. Can I afford a studio condo as a single? What is the cheapest condo I can buy in 6 months’ time?

I am considering to do investing via Stashaway. Should I invest via monthly contribution or a lump sum of $20k? Also, any advice on what risk level I should set to get a return say, at least 4%? Thanks!?

Related Products

StashAway

4.7

1293 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

659 Reviews

Syfe

4.6

933 Reviews

Related Posts

As a person investing many years before going to the workforce, should I follow the stipulated 6 months worth of salary(arbitrary sum) in reserve or just make do with just enough?

I am planning to set aside <$500 per month for investing. Considering that i am buying SWRD. Is it better to invest lump sum (quarterly) or monthly? Is IBKR or SB a better option ?

OCBC Frank allows $100 investment a month for bluechip through them but there is a monthly fee of $5 . If i invest $100/month, I will make a lost by the end of the year. Is this common? Should I put in more going forward if not what should I do?

I have a monthly salary of $3,900 only and $55k cash savings, no debt. Can I afford a studio condo as a single? What is the cheapest condo I can buy in 6 months’ time?

I am considering to do investing via Stashaway. Should I invest via monthly contribution or a lump sum of $20k? Also, any advice on what risk level I should set to get a return say, at least 4%? Thanks!?

Advertisement