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 Short term investment

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Ramjade
post Nov 28 2023, 04:49 PM

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QUOTE(sugarbaby @ Nov 28 2023, 03:51 PM)
Hi, can I get some recommendations for short term investment.

I have about RM40k cash in my bank (excluding emergency fund). I'm not good in stock market. Is the best and safest way to invest this money is via bank fixed deposit?
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Depend on age, how long is short term and what how much you want.
If you are 55 and above, no brainer. EPF.
If you don't care about PIDM, KDI save give you 4%p.a for first RM50k. subsequent amount will give you lower returns.
If you care about PIDM then high yield savings account. You may have to jump though hoops to get your high interest.
Alternatively short term FD 1-3 m promo FD if you don't want to jump through hoops
Ramjade
post Nov 28 2023, 05:35 PM

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QUOTE(sugarbaby @ Nov 28 2023, 04:45 PM)
I'm looking at 1 year investment. Maybe around 5% to 6% returns? Or is it too unrealistic?
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If you don't mind losing money then yeah. There are options available. Cause capital is not guaranteed.
Ramjade
post Nov 28 2023, 11:09 PM

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QUOTE(evangelion @ Nov 28 2023, 11:03 PM)
These are capital protected?
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Pseudo protected. Unit sold and bought at RM1.00/unit. It's mentioned not protected but yeah above feature.
Ramjade
post Nov 29 2023, 05:21 PM

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QUOTE(vin6 @ Nov 29 2023, 04:45 PM)
Well, that's up to you - but stating OPR will not be raised in the next few years sounds illogical as well. So I rather just wait and see.
That I proposed Ts wait and see as well. What was your Suggestion again to TS? May be you can shed some light whats the best current short term investment?
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BNM got no balls to increase interest rate. Even Indonesia and Philippines central bank increase interest rate.

 

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