I suggest you spend a few bucks and go straight to the pros in wealth management. Hire them to diversify and grow your wealth. It would take several hours and some money (1-3k per year) for a basic plan. It is certainly worth the money as you need not worry anything about it anymore and can spend your valuable time doing the things you enjoy with.

Ok, the pros I refer to are the independent financial planners who don't work for any of the UT companies. These financial planners would act on the best interest of their clients. What do they get in return ? The consultation fee. Such service is widely popular in USA where they are charging a couple hundreds of USD/hour.

Do you think everyone has the time to learn the financial market ? You can't simply suggest people go and learn themselves if they do not have the time and resources (and also interest) for it as it doesn't benefit them economic wise. It's CHEAPER for bill gates to hire a pro to handle his finances than himself spending the time to do it.

Please note that an average Msian household makes around RM 3k/month. Many can't even afford an adequate insurance for family, it's really not easy for them to save money for investment. Not totally impossible, just a very tough thing to do, especially for those with several kids in schools. Car is a neccesity for most people in Msia as our transportation system sucks. Do you think the parents earning 3k/month could even save 20% of their income when they own a car (lets just use a 30k car) + a house (say a 100k apartment) + need to pay for kids education ?

Im not saying its not possible. A minority group of people who is willing to sacrifice managed to do that. But in today's society, a typical Msian can't.

Btw, how long ago did ur friend who made 2k manage to do that ? A 2k income 20 years ago is A LOT more than a 3k income today.