Aug 9 2006, 04:41 PM
QUOTE(spanker @ Aug 9 2006, 11:24 AM)
If you are young and don't have commitments like car payment, you can put RM500 to open up an equity based unit trust fund and do dollar cost averaging (or regular savings plan as some call it) like maybe RM150 a month. The rest you can dump into normal savings which you can then some into FD.
Your statement really fired me up to get involved in the investment.Can u suggest any unit trust fund that best/good/trustable in M'sia ?
I will do research on what is dollar cost averaging and for the time being,can someone tell me what bank offer this service?
Fixed Deposit.I will do some research bout that too
QUOTE
So if you can keep to a good schedule like that, you're a good shape. 3-4 months later, you'd probably want to start with something safe, like FD, get a feel for the banking industry. Then you'd want to move on to some other thing like Unit Trusts, or maybe by some small equity stake into Astro or something, and if you're feeling adventurous, Forex. Judge your appetite for risk, and learn to draw the line between investing and gambling.
The steps should be taken are FD ---> Unit Trusts ---> Small equity stake ??I think these steps will be safe.
Thx
This post has been edited by wuszhtag: Aug 9 2006, 04:46 PM
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