Where to invest for 3k for 6 months only? Stashaway or Endowus? - Seedly
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Anonymous

Asked 6d ago

Where to invest for 3k for 6 months only? Stashaway or Endowus?

Invest in these two robots now. Got extra $3k, but wish to have a quick withdraw like 6 months later. Consider these two robos because i already have the accounts.

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    J

    Jesslyn

    Top Contributor

    Top Contributor (Dec)

    Level 9. God of Wisdom

    Answered 5d ago

    Endowus cause sgd denominated and hedged. If you invest in stashaway, you might lose some money given the horrible exchange rates now.

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    Chris, Owner and Writer at Tortoisemoney.com

    Chris, Owner and Writer at Tortoisemoney.com

    Level 6. Master

    Answered 5d ago

    For such a short duration, do consider just parking it in a money market fund or a high yield savings account. Investments will likely fluctuate with the market and it may be hard to predict where they will be in 6 months.

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    Jiayee, Salaryman at some company

    Jiayee, Salaryman at some company

    Top Contributor

    Top Contributor (Dec)

    Level 8. Wizard

    Answered 6d ago

    If you need it in 6 months, it's advisable to go for cash management. I use Endowus Cash Smart. You may also want to consider Syfe Cash+.

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    RR

    Randy Reinaldo, Financial Analyst at The largest US Engineering & Construction co.

    Level 5. Genius

    Answered 6d ago

    For 6 months, I would just invest it in the cash management account. Endowus has bigger % i think, so endowus it is.

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