Where should you put money you’ll need in two to 10 years?

Into bonds, insurance savings plan, endowment or equities.

Depends on your risk appetite

other wise hold as cash

Hello, it depends.

If you need the money in 2-3 years, the principal amount would probably be important. Hence, I would put that sum of money in a high-interest savings account or savings plan such as SingLife (2% p.a. non guaranteed) or Etiqa Elastiq (1.8% guaranteed for 3 years).

If you only need the sum of money after 5 years, you can consider investing in equities and bonds assuming you're prepared to stomach potential losses. However, if the principal amount again is important to you, you can consider putting it in a longer-term endowment plan that guanrantees the principal. While the returns will not be as high, your principal is secured, and you still get some returns from it.

To summarise:

• If you need the money in the short term, just leave it in a high interest savings account or savings plan, because you'd want the principal to be guaranteed.

• If you need the money in the long term, it really depends on your risk appetite. You can choose to invest in equities and bonds via roboadvisors, ILPs, etc. Or you can leave the money in safer alternatives like endowment plans.