07 Aug 2020
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.
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.
You need to invest in high probability things.
I would not put it all into fixed deposits etc.
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