facebookShould I use my money to buy stocks in the Stock market or buy a condo first? - Seedly

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Anonymous

09 Mar 2020

Property

Should I use my money to buy stocks in the Stock market or buy a condo first?

Which should take priority? Stocks or a new house? Considering the current market climate, which one is needed?

Discussion (5)

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Pang Zhe Liang

09 Mar 2020

Lead of Research & Solutions at Havend Pte Ltd

If I have an existing shelter over my head now, then I will choose the stock market. This is because I can build a strong and well-diversified portfolio with the cash that I have (for the condo).

Accordingly, I reduce my investment risk and liquidity risk.

However, if I choose to buy a condo (on mortgage), then my remaining money has to work harder for me to repay the debt and earn a return for me. Also, I may be subjeted to more risk than just having a well-diversified portfolio itself.

Hence, I will choose the former.

Here is everything about me and what I do best.

Personally I would go into the stock markets to capitalize on the market correction during this period and also not to take on too much leverage due to my prudent nature. It's hard to determine if private property will outperform stock markets in the long term, but you can still take the risk if you're really confident in your outlook/foresight about real estate.

It depends on which market u r familiar with: property or stocks. I entered property first before st...

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