Anonymous
What should I do for investment in my situation?
With $50k & a recession coming, please advise what I should do for investment? I have no investment knowledge. Had put my money with fixed deposit & insurance policy. I will need this 50k in 7 years time. Thank you.
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Even now wich Covid-19 nobody can say for sure that there will really be an imminent phase of recession.
When You really need this 50k at 7 years from now, it will already be difficult to recommend one of the best investing options to You: stocks (via passive indexing ETFs).
When You are working, you possiby will have a constant cash flow in, so maybe you won't need the 50 (or then more) k seven years from now? If no: ETFs recommended.
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Paridhi Jhunjhunwala
15 Nov 2019
Associate at Kristal.AI
Hi!
Since you need the capital in 7 years, you should opt for a capital protection investment stra...
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Since you need the money in 7 years time, I think its better to put in some low risk investment like government bond, corporate bond, money market fund or saving bonds. Another option is you can look for single premium endowment plan.