facebookWhat are the best short term investment plans (~5 years)? This sum of money is to fund for marriage and/or house! It could be a lump sum and/or monthly investment. Any suggestions? - Seedly

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Anonymous

07 Aug 2020

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General Investing

What are the best short term investment plans (~5 years)? This sum of money is to fund for marriage and/or house! It could be a lump sum and/or monthly investment. Any suggestions?

Discussion (6)

What are your thoughts?

Elijah Lee

Elijah Lee

01 Aug 2020

Level 18Β·Independent Financial Advisor at Phillip Securities (Jurong East)

Hi anon,

If you going to use the money for wedding or housing needs within the next 5 years, the best thing you can do is not to take too much risk with those monies. Maximize high interest saving accounts first, and then put the rest in a FD or a short duration endowment plan (those last 2 or 3 years, depending) and continue to save up over time. You can also consider Money Market Funds and maybe short duration bond funds, as you can do DCA over time.

I won't recommend equities as there is a lot of risk involved and the market could crash right before you need to cash out, thus destroying your capital.

Hey there!

Its definitely doable but Its a risk you use an investment plan to fund your housing needs since investments are never guaranteed but your housing needs are.

There are endowment plans from Etiqa, Singlife etc to meet your short term needs. Otherwise, you might want to opt For a robo for liquidity.

Lim Chun Long Jimmy

Lim Chun Long Jimmy

07 Aug 2020

Level 9Β·Co-founder at PolicyWoke (Traded Endowment Policies)

Not an investment but one option is to look for short-term traded endowment policies with projected ...

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