07 Aug 2020
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.
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.
Not an investment but one option is to look for short-term traded endowment policies with projected ...
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