If i may suggest:
1. Focus on money management (see below COPY & PASTE)

2. Then learn and move into coverage (insurance)
At a minimum, U may need some health/medical coverage and perhaps disability insurance.
If U have ppl that are economically dependent on U OR worry about 36 dread diseases (major illness), then pls buy death & disease insurance as well
a. I'd suggest checking up with your HR on what and how much is currently covered by your employer
b. Buy term or whole-life insurance(s) to cover what is uncovered or not enough by your employer.
Term insurance gives the best amount of coverage per ringgit. Of course some will say (mostly agents) that whatever $ U put into term is "gone/burned", ie. no savings factor. Please check it out whether the savings factor is worth the incredibly high cost of insurance/investment-linked. Personally, i'd buy term and invest the difference - a HUGE difference per annum, like 4 times the amount


3. Then move into investments proper
Personally, i dont consider FD as an investment but as a storage for ammunition ($)
See the copy & pasted below on general investment and the ZIP file in an old post.

House - i'd suggest U save up at least 20% of down payment AND buy up to a size where the monthly mortgage is <=20% of your net income.
Reason: It's so much better to live in a home rather than to be eaten alive by one that is an oversized monster
U can always upgrade to another house as your income grows & rentout the old house right?

If U need further clarification after going through these, please feel free to ask


Money Management
May i suggest these ratios (massage it to your own requirements):
50% for necessities (like rental, groceries, clothes -not fun clothes ar). If U can reduce this, then go ahead and increase the % below to hit a total of 100%

10% for savings to build buffer fund. Once buffer reaches 6mths or more (you're choice here) of average monthly expenses, pour this amount into investing

10% for savings to invest.
Plan out an Asset Allocation big pix kinda thing first.
No idea? Then just do a simple
34% Equity excluding REITs / exProperties
33% Bonds
33% Properties/REITs
Once U've the big pix plan, then U should filter out what to buy & when to buy these Assets.
Please take a look at the ZIP file i shared earlier on example of Asset Allocation, methodologies, etc. - it's in the PowerPoint file.
http://forum.lowyat.net/topic/1577849/+413 Post #414 i think
Try to do it with a Big Pix (Strategical or Vision)
Then plans to achieve the Big Pix (Tactical)
Then the methods to execute each plan (Operational)
Every ENTRY reasons must have one or more EXIT rules

10% for feel good (charity, boys night out, that changgih Android GingerBread thinggy, fun clothes, fun food, gifting, etc.)

10% for education (pay off your PTPTN using this? or accumulate to further your formal education / street smarts via books/courses)

10% for saving to spend in future big ticket items like hm.. LED TV, new 2nd hand-car, downpayment on a home, etc.


Want something EVEN simpler?
Save 30% of your net salary
Sock away 15% into buffer growing as per above
Sock away 15% into investments
That's it - do whatever U wish with the other 70%