YOUR MONEY: Saving for a flat — should I be in the equity market?

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria News News

We look at the best way to build up a deposit on a property over a 12-month period

I am saving for a downpayment on a flat. I will need the money no sooner than 12 months from now. Since July 2022 I have been depositing a monthly amount in a global balanced fund . I am willing to take on more risk than a typical money market product carries.

With the market downturn over the past year, I am thinking of depositing my monthly amount in a global equity exchange traded fund . Would that be wise? What other options would you recommend? Is there anything in particular I need to be mindful of?..If you have already registered or subscribed, please sign in to continue.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

But the 🦧 want it for free.. can you give advise to them on that!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

YOUR MONEY: Saving for a flat — should I be in the equity market?We look at the best way to build up a deposit on a property over a 12-month period
Source: FinancialMail - 🏆 20. / 63 Read more »

MONEY CLINIC | How to deal with the aftermath of festive spending | BusinessThere are roughly six weeks between an early December salary payment and January month-end. Consumers will likely spend more than at any other time – often on credit. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »