Amanah Saham Malaysia.

In any case, I would like to ask, I am 23 this year and just started working for barely a year. I save about RM 1,000 per month and would like to 'invest' it and not just have it in my savings account.

I hear that the safest options are FDs, unit trusts or mutual funds or some forms of shares. What should I be looking for and I know I will have to read up to know more but there are so many websites and/or books. Mind recommending a few that I could pick up and read?

Like today I went to MPH and I found several 'secrets' to success. Secrets of a young millionaire, secrets of a student millionaire and so on and so forth. I don't know who to trust or what to read especially for someone as green as me.

Your advice is appreciated.

I would definitely prefer low risk investments. Considering that I am not a Bumi, Amanah Saham options are rather limited and I can't invested to the limit for that (thanks to my parents!) and so with that, I would like to 'plant' more money trees. I have considered insurance, unit trusts and mutual funds.

For insurance, I have heard negative things such as those paying RM X per month for 20 years and receive lump-sum 20 years time is actually less than what I could get in an FD. While I heard that investing in Public Bank Mutual Funds are also bad. Whenever I considered a form of investment and inquired more about them, I end up being put off by hearing bad things about them.

Any truth regarding the insurance bit? And as for unit trusts/mutual funds, any ones that I could look for and more importantly, what should i look for when looking forward to investing in unit trusts?

Thanks for your reply and to everyone else, advice please? I'm definitely eager to learn but I would just like a small nudge in the right direction.


This post has been edited by kobe8byrant: Nov 3 2010, 03:05 AM