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?
Depend on age, how long is short term and what how much you want.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?
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
Nov 28 2023, 04:49 PM

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