Anonymous

09 Aug 2020

∙

My hubby and I will get a home in a year. Our renovation budget is $50,000. We are saving $4,000/month. Instead of keeping the money in a savings account, how should we invest it even for just a year?

Discussion (10)

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Lim Boon Tat

25 Aug 2021

Mathematics at Cambridge University

Try the robo-advisors cash/money market funds, which are relatively safe (even if crash, will recover in matter of weeks).

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Maximilian Günther

09 Aug 2020

Singlife Account, short term endowment plans.

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Tinexxxx

07 Aug 2020

Savings account?

Singlife 2.5% p.a ((first 10K only))
Standard Chartered Jumpstart 1% p.a

Hmmm if you’re ok with dealing with some risk -> Robo Advisor!!

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Lim Boh Juin

07 Aug 2020

Going to disagree with all the above answers. Would say put into a robo cash fund account with a projected return 2% would be q safe.

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Andy Sim

26 Feb 2020

HR Professional at a Financial Institution

Investing horizon too short, should not go for high risk equity products. Can try short term fixed D...

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If I have 30k worth of savings for marriage and I'm planning to get married in the next 3 to 4 years. Should I be investing that money or keep it in a bank?

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If I have 30k worth of savings for marriage and I'm planning to get married in the next 3 to 4 years. Should I be investing that money or keep it in a bank?

The core inflation rate is around 1.4-1.9% in Singapore, which is higher than many saving accounts interest rate. Do you think it makes sense to invest instead of keeping money in saving accounts?

Hi! We have about 40k in cash in various bank savings account. Is it wise to invest it right now? Keeping in mind I just worked for 3 months (fresh grad) and am planning to get married next year.?

I’ve been saving so much money which i opened up two bank accounts which combined both have about $50k. I’m planning to get married in 2.5 years time. Should i start investing?

I’m currently 24 this year. Should I use the money to get a degree so that I’ll have a chance of getting a higher salary or use the money to invest instead? ?