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  5. CASH: Good afternoon, I have around 18k in my FHSA currently all cash, I'm looking for some investment options to allocate that cash to but not sure of the best practice. [Global X High Interest Savings ETF]

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Q: Good afternoon,

I have around 18k in my FHSA currently all cash, I'm looking for some investment options to allocate that cash to but not sure of the best practice. I'm looking at purchasing my 1st home in 8-12 months. Would it be best to invest the 18k in different ETFs? Should I allocate 1/3, 1/3, 1/3? What would you recommend as diversification as well as some ETF's you think would be appropriate for my current situation.

Thanks!
Asked by Kevin on January 15, 2025
5i Research Answer:
We would be very cautious with a time frame of 8-12 months. With a defined use of cash, we would...
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