Hi, I would like to ask how to properly invest my savings to earn more money. I can save around RM 18k every year, normally I will just dump my extra saving into whichever FD that got high rate, but the FD rate recently are really low which cant intrigue me.

So I need better advice on how to put my saving in different basket to earn more. I have already invest in HLA wealth plan which can get around RM 100k after 30 years. Currently got RM 5k to invest.

So, dump me with all your advice, sifus

currently 23 years old

Hi, can you be a bit more specific? as I have never in contact with these before

and why is that to stay away from HLA plan?

I can do the research myself, but i need a guideline to at least tell me how to start so that I can figure out the rest. Or let me know which bank or such you prefer for it so that I can do some comparison also. Thank you

ya, the return around 8.35%, still better than current FD. Although it is a long term investment. If short to mid term investment, should I go for fund or shares, provided I got RM 5k for startup

yes, sometimes the bank do provide exceptional rates at 7-8%, but the minimum around 50k - 80k which I cant afford currently

erm, i didnt mention that I bought their shares or fund, I am talking about Wealth plan, with 30 years policy term..... no its not about dividend as I haven't invest on any of those yet.

So now I am planning to invest in fund or shares. But I didnt access to any platform yet, so I couldn't calculate my return on any of those


And as I say, I am new to this, and still learning, not possible for me to do research on all those shares out there (Local, foreign etc etc). Have to take it step by step, and I now only research on those shares that the ppl in forum mentioned before, if not, I didnt even know that it existed

edit: typo

This post has been edited by naruko85: Aug 25 2016, 01:48 PM

Yes, must spend time do research, but only if i understand this whole thing, I am actually planning to find something at either bank to help me do the startup 1st, only after when i can take a hold of everything, I will manage it myself. And of coz need to monitor day by day also if other ppl manage, if only ask like after 1 year.... only god will know what happened then

and is fund/unit trust lower risk than shares?

edit: I have already budget the next 5 years of my income (exclude interest from FD etc) & expenses starting this year, so far i got surplus by comparing actual and budgeted, so 3 months + to go

This post has been edited by naruko85: Aug 25 2016, 02:16 PM

so you recommend direct go buy/sell shares?

maybe will stick to fund/unit trust or shares for now. As time passes, got more and more saving but not sure where to invest.