My two cents worth.
I believe in passive investing with low costs funds, annual rebalancing and asset allocation depending on my risk tolerance.
Unfortunately the only person who truly have your financial interests at heart is your ownself. Financial planners that I interviewed before this rarely are fiduciary and the tools at their disposal have high upfront fees and expense ratio.
There's nothing wrong with dumping the whole amount into FD as the principal amount is sort of guaranteed. Just live within your means and you don't lose any sleep. OTH there is currency and inflation risk.
There might be a place for diversifying into another country/currency and other assets which might do better than MYR and beats inflation. It depends on your risk tolerance and your expected duration / legacy for your child.

I think one have to be careful of following blindly another's stock/reit/bond etc recommendations.
First, work out what's your timeline ie. duration of your investment.
Then determine your risk tolerance ie. the amount you're willing to see your investment drop without selling based on emotion.
Thirdly work out your asset allocation as this will determine 90% of your returns ie. Cash:Fixed income:equities ratio
Then decide on the MYR:FOREIGN CURR distribution.
During this time of self discovery, open a cimb SG online account and IBKR, endowus, fsm etc. depending on how much time you want to spend monitoring your investment and expenses you are willing to pay.
Transfer via Sunway money.
Distribute your money locally and overseas determined by your earlier local:overseas and cash:fixed income:equities allocation.

Live to enjoy your retirement and quality time w your child.


I believe the most difficult part in the whole process is not the opening of accounts and allocation of your asset. It is the discovery of one's inner psychology/relationship with the meaning of money eg. loss aversion, FOMO, greed and fear etc.