Should I not invest the money that I need in 3-5 years?

Hey, anonymous! We think it's great that you're actually saving up for housing! Definitely keep doing that as investing in property is one of the safer ways to invest as it's not so volatile.

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Here's one bite-sized property investment tip our co-founder Race Wong gave a few months ago:

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"Consider leasing out the first private property you buy — instead of living in it — and rent a more affordable place for your family. For example, if you lease out your newly purchased condo for $5,000 and rent another flat for $2,000, that’s $3,000 every month, or $36,000 annually. In three years, that’s more than $100,000. That’s a lot of money to help you pay off the mortgage.

If you buy a private property for your own stay, you lose any earning potential from what may be your biggest asset at this point. Not only have you spent the bulk of your savings with this move, but you also now have a bigger mortgage to service and not much cash left over for other investments."

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You can read more here on her practical tips to start investing: https://ohmyhome.com/en-sg/blog/how-to-start-in...

Ohmyhome co-founder Rhonda Wong, meanwhile, also suggest looking at overseas properties for investment as Singapore property is, admittedly, expensive. She elaborates more here: https://ohmyhome.com/en-sg/blog/look-outside-si...

You should still invest, but go for safer options.

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In your case, you will need to consider options that have high liquidity, which allow you to withdraw the money any point of time. You can refer to the following link for some examples:

https://blog.seedly.sg/insurance-savings-plan-s...

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Although the interest rate is less attractive, those plan are Capital guaranteed by SDIC.

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Alternatively, you may also consider some of the high interest saving accounts, if you are able to meet most of the criterias.

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I think firstly it is best that both of you understand your risk appetite since the goal is there.

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Second you should understand that many people says "invest" the amount that you are willing to lose. With that "money you willing to lose" mindset, you will have a clear idea on the amount you should invest.

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If you can, sit down with your future spouse and do some spreadsheet or table to run through your daily expenses, future expenses and potential savings. Do take note that having a good coverage also important to avoid unexpected cost and from there you able to have a rough gauge on the amount you could have put into investment.

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Do you have start learning or touch some water in investment market? It will be a life time thing and I think it is good that both you and your partner have the same ideology and goals.

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All the best!