Singapore Savings Bond or continue keeping it in the bank. Look for other high interest savings accounts (dbs multiplier, ocbc 360 or uob one etc etc) that can guarantee your principal.
I agree with all the others, 3 years is pretty short time period for investing. Given the volatile start of year 2020, there is no guarantee you will gain anything more by investing than just leaving it in the bank for 3 years. In fact, it is possible to lose more.
Which brings us to another key factor: how much can you afford to lose? This will determine which kind of assets you should invest in - stocks or bonds or a mixture of both.
Brandan Chen, Financial Planner at Manulife Singapore
Posted on 16 Apr 2019
3 years is really a short time to leave the money untouched.
Instead of what you should invest in for these 3 years, the more important question would be what is the purpose of this money. Are you using the money for wedding, renovation, holiday, or for retirement eventually?
If the objective of this money is for something that is definitely happening in 3 years time, perhaps you would like to invest into instruments that are liquid and less volatile. An Example would be SSBs or a high interest bank account, or Fixed income funds. In fact, STI or SGX stocks would not be a good suggestion at all because no one can predict the price points 3 years down the road, and unlike what was mentioned, STI or SGX is relatively volatile compared to the instruments which I suggested above. What if a market crash were to happen when you need the money?
However, if your purpose is for retirement, perhaps you should start reading up some Seedly Articles on Investments and ETFs and get yourself started by setting up a brokerage account. You may consider S&P500 and QQQ or IWDA ETFs. Once you start having a deeper understanding about equities and fixed income and REITS, you may consider building your own portfolio of individual holdings of stock, bonds or REIT.
Agreed with all of the previous answers. If youre less experienced, i'd either choose a robot or jus...
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