facebookIf I have a lump sum (e.g. 50k) which I might need to utilise within the next 1 to 2 years, what should I do with this amount in the meantime? 100% capital preservation is not necessary.? - Seedly
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Anonymous

Posted on 19 Feb 2019

If I have a lump sum (e.g. 50k) which I might need to utilise within the next 1 to 2 years, what should I do with this amount in the meantime? 100% capital preservation is not necessary.?

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7 answers

Discussion (7)

Hi Anon,

There are plenty of safe ways to invest your money and have it grow. You can go for REITs, other ETFs and bonds, but before you do that, I'd suggest you read up as much to understand what a Robo-advisor really does. Robo-advisory platforms assess your current financial position and recommend a portfolio strategy after reviewing your risk profile. These bionic advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees. And the best part is that they give you the most unbiased advice.

You can read here for a better understanding.

I work at Kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.

I hope this helps you make the right decision.

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The best option by a large margin would probably be p2p lending sites like SeedIn or CoAssets.

I'm actually really surprised no one brought it up, since 100% capital preservation is not necessary.

SeedIn currently has zero defaults over the last 6 years and depending on the bond that you choose on a first come first serve basis, you can yield 5 - 17% net of fees.

The bonds are flexible and can last anywhere between 6 months to two years, again entirely based on your choice and preference.

You can nudge me if you'd like a referral code for 'priority' queue.

https://www.facebook.com/luke.ho.54

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If your risk appetite is more conservative, consider the use of ssb or high yielding savings account...

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