Investment products for 5 years or less: Short-term Endowment Plan Pros Relatively low risk given that they are products of reputable insurance companies No worry about losing principal sum upon maturity Beats inflation with as little as $1,000 Cons Locks up your cash, illiquid ......If you are not a crazy shopaholic, there should be a point where you accumulate a good amount of savings with no idea of what to do.
TL;DR- “Given X years to invest, what is the best investment product?”
Splitting up the investment horizon into 5 years, 10 years and more than 10 years, here are some of the investment product one can look at.
Further Reading: Pros And Cons Of Each Product
Point to note: Taking inflation to be 1.9%, we aim to have our investment returns exceed that percentage.
Investment products for 5 years or less: Short-term Endowment Plan Pros Relatively low risk given that they are products of reputable insurance companies No worry about losing principal sum upon maturity Beats inflation with as little as $1,000 Cons Locks up your cash, illiquid ......
Investment products for 5 years or less: Short-term Endowment Plan Pros Relatively low risk given that they are products of reputable insurance companies No worry about losing principal sum upon maturity Beats inflation with as little as $1,000 Cons Locks up your cash, illiquid ......
