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Anonymous

12 Aug 2020

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What is the best thing to do with lump sum $200,000?

I recently found out that I will be getting a sum of money from my parents after my wedding. After downpayment for housing and renovation, I should have about 200k or more left for investments. Is it better to invest a set amount monthly or to just put everything in to let it compound? I am 26 and am only planning to have children in about 3-4 years time. After housing loan and expenses each month I should still save about 1-2k. How do you recommend maximising the situation?

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Tan Yu Ji

12 Aug 2020

Economics at Nanyang Technological University

With a lump of $200,000 there are alot of options for you. You can even create a very diversified portfolio! I would suggest 75% in stocks and 25% in bonds. You might also want to keep some into fixed deposits as safe assets.

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