Creating an investment plan for your child's wedding involves setting aside funds strategically to meet the future expenses of the wedding day. Here's a detailed investment plan to help you achieve this goal efficiently:

1. Define the Financial Goals

Estimate Wedding Costs: Start by estimating the total cost of the wedding, including venue, catering, attire, decorations, and other related expenses.

Determine Time Horizon: Identify the date of the wedding to calculate the number of years or months you have to invest and grow your savings.

Calculate Required Savings: Based on the estimated costs and time horizon, determine how much you need to invest monthly or annually to meet the target amount.

2. Establish Investment Objectives

Risk Tolerance: Assess your risk tolerance based on how much risk you're willing to take.

Investment Horizon: The longer the time until the wedding, the more risk you might be able to take. For shorter timeframes, focus on more conservative investments.

Liquidity Needs: Consider how easily you can access your investments as the wedding date approaches, to ensure funds are available when needed.

3. Choose Suitable Investment Vehicles

High-Yield Savings Accounts: For a low-risk and short-term approach, consider high-yield savings accounts that offer better interest rates than traditional savings accounts.

Bonds: Government or corporate bonds offer moderate risk and stable returns. They can be suitable for medium-term investments.

Mutual Funds: Diversified mutual funds combine various assets (stocks, bonds) to reduce risk. They are a good option for medium to long-term investment horizons.

Exchange-Traded Funds (ETFs): ETFs offer diversification and typically have lower fees. They are suitable for both short-term and long-term goals.

Stocks: For higher growth potential, invest in individual stocks. This option suits a longer investment horizon due to higher risk and volatility.

By following this structured investment plan, you can effectively prepare for your child's wedding while managing risk and aiming for optimal growth.