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Anonymous

19 Nov 2020

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What are some goals that are better to save for rather than invest in?

For example, emergency funds are definitely a save, but are there any others?

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Elijah Lee

19 Nov 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Generally, any monies needed in the next 3 years should not be invested.

Anything needed in 5 - 7 years can be put to work harder but in lower risk investments such as bonds, but must be converted to more liquid assets once there are lesser than 3 years left.

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Jiayee

19 Nov 2020

Salaryman at some company

Short-term goals such as housing, renovation and wedding.

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Ethanslp

19 Nov 2020

It just depends on your time frame, not so much the actual goal. Any money needed within ~5 years pl...

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