Should I put savings for future house renovation and wedding into a cash management account or invest in ETFs using a robo-advisor?

I'm saving for a future house renovation and wedding within the next 3 - 5 years. Are there any other alternatives I should be considering?

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Gordon Lim

18 Jan 2021

Thats a decently long time horizon to invest. I would personally invest into ETFs with a roboadvisor using a lower risk portfolio. Depending on the roboadvisor of your choice this might vary. But expect to see bond etfs in your portfolio.

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If you have spare cash lying in your bank saving account at the moment, will you rather use it for investments eg ETF or use it to clear of your current housing loan just to reduce debt?

Should a student with $15k savings invest in stocks or robo-advisors or put it in a high interest rate savings account like Singlife?

How should an NSF like me grow my wealth? There are so many options such as investing in ETFs, putting my money in Robo-advisors or insurance savings plan (such as the Singlife 2.5% p.a.).?

As a new investor, should I purchase ETFs using POSB invest-saver or using Robo-advisors (Stashaway/Smartly)? If I use robo advisors, will the returns be lesser/affected due to currency impact?

Should I covert to Poems cash plus account if I am only investing 5000 per quarter on US etf. Currently using cash management account?