Sep 1 2020, 10:20 AM
QUOTE(AnAngel65 @ Aug 31 2020, 09:58 AM)
Hi all,
Been reading the sharing here, felt like I could humbly get some advice from the sifus here~
Age: 26
Nett Pay: 4700
Monthly Expenses:
Rent: 750
Food: 600
Phone bill: 50
Petrol: 200
Online shopping: 200
Parents: 500
Medical Insurance: 200
Medical supplement: 100
Others: 100 (Ochipalang)
-----------
2,700
Monthly savings: 2,000
Savings/Assets:
1. FD 10k
2. Rakuten 13k
3. PRS 5k (Topping up 2k yearly for income tax relief)
4. ASM 26k
5. OCBC 360 70k
6. EPF 49k
Total Assets: 173k
No outstanding loans. My parents bought me my first Axia and have been a great companion since.
OCBC 360 was great as i manage to hit the high interest rate monthly, but now its only 2.6% pa so i've been looking at other high yield interest saving account option.
Also, I'm interested in investing in robo-adviser (Wahed or stashaway) for perhaps 10% of my savings and with aggresive portfolio since ive been doing rather low-risk investment.
Ive actually achieved my financial goal already (for this age), just trying to diversify more on the investments and learn more as there's so many diff type of investments now.
Kindly give me any advice, thanks all in advance~
For someone at 26 with a savings portfolio and discipline like yours, I take my hat off to you. Super impressive. Been reading the sharing here, felt like I could humbly get some advice from the sifus here~
Age: 26
Nett Pay: 4700
Monthly Expenses:
Rent: 750
Food: 600
Phone bill: 50
Petrol: 200
Online shopping: 200
Parents: 500
Medical Insurance: 200
Medical supplement: 100
Others: 100 (Ochipalang)
-----------
2,700
Monthly savings: 2,000
Savings/Assets:
1. FD 10k
2. Rakuten 13k
3. PRS 5k (Topping up 2k yearly for income tax relief)
4. ASM 26k
5. OCBC 360 70k
6. EPF 49k
Total Assets: 173k
No outstanding loans. My parents bought me my first Axia and have been a great companion since.
OCBC 360 was great as i manage to hit the high interest rate monthly, but now its only 2.6% pa so i've been looking at other high yield interest saving account option.
Also, I'm interested in investing in robo-adviser (Wahed or stashaway) for perhaps 10% of my savings and with aggresive portfolio since ive been doing rather low-risk investment.
Ive actually achieved my financial goal already (for this age), just trying to diversify more on the investments and learn more as there's so many diff type of investments now.
Kindly give me any advice, thanks all in advance~
Perhaps you might want to switch your FD funds elsewhere. Interest rates (even with promo) are well below 3% now and BNM is potentially going to lower the OPR further in the coming months.
You could park that into Rakuten and look into REITs as a relatively safe investment. Here are some info that you can look into:
- http://reitpulse.com/category/blog/reit-an...malaysia-reits/
- https://mreit.fifthperson.com/
Alternatively, if you feel Rakuten isn't doing much for you, you could park the FD + Rakuten funds into unit trusts or equity funds. You can talk to a fund manager at your bank to see what funds suit your risk preference.
I can understand the pain of fishing for units in ASM. It's like nobody ever lets go of any units for you to pick up.
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