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.