READER QUESTION of the week
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
12 January 2023 - 05:00
Question:
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 (Nedgroup Core Global Feeder 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 (CoreShares All World ETF). Would that be wise? What other options would you recommend? Is there anything in particular I need to be mindful of?..
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