Asked on 11 Sep 2018
Firstly, whats your definition of safe stocks?
Secondly, Do you currently have the amount that is sufficient for your housing expense? Or still saving up for it?
Suggestion: There are no such thing as safe stocks. Do note that Investment returns are never guaranteed but your housing expense in the future is. If you are able to take up some risk, perhaps apportion about 50% to 70% of the fund is lower risk products such as SSB, Fixed Deposit, Citibank Maxigain, or Single Premium Endowment Plans offered by Insurers from time to time. With the remaining fund, perhaps you can consider placing it in REITS or Defensive Industries to reduce your loss should a crisis occur
Never save to buy property, you will never buy when property price increase.
Buy what you can instead and upgrade later.
I would put it in a bank or buy SSB or fixed deposits cos these are capital guaranteed options. Separately, I'll think of ways to increase my income through side hustles, promotions etc. Active income is best for short terms needs.
I think the problem is there is no safe stock. I would put the money into bonds or some capital guaranteed tool if im sure i need to use the money if 4-5 years time.
The “safe stock” option is risky because we do not know the market conditions in 5 years however 5 years is a good time frame.
i think putting it into the market is a good idea to either gain dividend payouts for 5 years or capital gains if the stock rises
it it would be good to spread the risks out between capital gain stocks ETF and maybe some REITS
Just saying no 100% safe stocks. If recession or market correction hits, when you want to fund your housing, you might have to wait awhile for it to stabilize. Learn more about investments and how to diversify your investments.