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I just finished my degree and I have been working in Malaysia for 3 months.

Let's say that every month I have a salary of $2,550 and my expenses are:

  • $300 taxes
  • $500 to parent
  • $300 toward utilities
  • $400 for food and fuel

There is around $1,000 left and I put $500 toward investment (Stashaway) and $500 goes to Emergency Fund.

I see two choices:

  • Investing is kind of risky as I might lose all of it but I could earn much more over 20-40 years
  • Or I could put it in my government fund, kind of a fixed deposit (4-7% annually)

My main question is, where do I start saving/investing? Which one should I do?

Bob Baerker
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incognitorecon
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1 Answers1

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Trying to succeed at something that you are unfamiliar with is a daunting proposition and AFAIC, investing based on the advice of anonymous strangers on the web isn't the best approach.

My generic advice would be to start the process of becoming financially literate. To do so, start by reading beginner level introductory material. There are a lot of "XYZ For Dummies" books. Build a basic foundation and as you understand more, seek out more complex books in areas of the market that suits your needs:

  • Equities?

  • Fixed income?

  • ETFs?

  • Closed end funds?

  • Mutual Funds

Read everything that you can and until you're somewhat literate, you won't have a clue what may be worthwhile versus what's BS.

Understanding financial markets is like learning a foreign language. It takes time and effort, something most people don’t want to do and as a result of failing to do so, they often lose their money. Financial markets can quickly take the money of the inexperienced and uninformed.

Get a library card :->)

Bob Baerker
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