My savings matured: where should I put the money next?

My 3-year installment savings finally matured. The amount is about 20 million won, and I don't need to use it right away, so I'm planning to let it sit for 1–2 years.

Some people around me say to put it in a parking account, while others say to dollar-cost average into US ETFs, so I'm not sure. Should I just play it safe?

by 궁금한사람877

5 answers

If you're parking money for 1–2 years, ETFs don't seem like the right fit. Over that period, there's a pretty good chance stocks could be in the red, and seeing money you happily received as a maturity bonus drop to -20% would be maddening lol. Wouldn't a parking account or a 1-year deposit be better?

by 데이터덕후693 · ▲0