Personal financial management, V2
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 Apr 21 2013, 10:53 PM
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#1
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Junior Member
5 posts Joined: Apr 2013  
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hi sifu,
i hv income for rm2.4k and having saving for 500 every month. feels like the 500 wont generate any interest in return if i save it and plan to have some investment(public mutual fund) instead of putting the money in bank. Is that a good move for my current condition? need a piece of precious advice from sifu here... |
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Apr 25 2013, 10:03 PM
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#2
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Junior Member
5 posts Joined: Apr 2013
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QUOTE(jasontoh @ Apr 23 2013, 10:12 PM) If you have enough emergency savings, why not just invest it? I also started my investment with few hundreds. It's now don't know how many times compare when I first started, maybe few hundred times more (but then again, I always set aside some money to top up on the investment) hmm, thanks jasontoh for the precious advice (: then i should start allocate some money into investment   but b4 i start invest, i need to do some homework about what am i going to invest,right? |
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Apr 25 2013, 10:41 PM
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#3
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Junior Member
5 posts Joined: Apr 2013
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QUOTE(kelvinlym @ Apr 25 2013, 10:27 PM) Rule of thumb: Emergency funds should be expenses for 6 months. I keep 8 months just to be safe. 2 months in current account, 6 in savings and money market funds. if that is the case,i shall target an emergency fund to be saved before i go for the investment  thanks for the advice,kelvin  |
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