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

Advertisement

Anonymous

07 Aug 2020

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?

Lim Chun Long Jimmy

Lim Chun Long Jimmy

07 Aug 2020

Co-founder at PolicyWoke (Traded Endowment Policies)

Not an investment but one option is to look for short-term traded endowment policies with projected IRR around 4% . However you have to seek advice from a financial advisor if this instrument is suitable for your marriage and/or house.

Disclaimer: I own a business trading insurance policies.

Elijah Lee

Elijah Lee

01 Aug 2020

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.

Chris Susanto

Chris Susanto

01 Aug 2020

Founder at Re-ThinkWealth.com

You need to invest in high probability things.

I would not put it all into fixed deposits etc.

I t...

Read 4 other comments with a Seedly account

You will also enjoy exclusive benefits and get access to members only features.

Sign up or login with an email here

Write your thoughts

Advertisement