PFF Panel 4
Seedly PFF 2019
Asked by Anonymous
Updated on 18 Apr 2019
I'm more on the conservative side, if capital guaranteed would be better. Was putting into fixed deposit for 6 months, thinking I might need the money in the near future. I fear of losing the money but yet at the same time I wish to use this 100K to earn even more money. What is a good balance?
If you need the money in the near future then yes, FDs and short-term endowment plans might be more suitable.
But you also want to use the 100k to earn more money.
So what about splitting it into two pots? This is what we call portfolio allocation. Have some in risk-free investments, some in low-risk investments, and the rest in mid to higher risk investments.
Put into high interest savings account like the Citi maxigain or put into SSBs. Both options are better than FD and good for risk averse people.