19 y/o student with no investment knowledge. What is the most passive way I can grow my RM10k?

[jackluies]

Recently I inherited 20k cash from my late grandmother. I've already spent about 5k on refurbishing the car she left for me. I'm left with 15k, I've set 5k aside for emergencies, which I have put in TNG eWallet as it has daily interest payouts (RM0.44 to 0.47 per day), and I want to invest the remaining 10k. What is the most passive way I can grow the RM10k? I have no knowledge whatsoever about stocks, share markets etc. I'm not expecting high returns, I just want to make some good use out of it.

A little more info, I get 1k in monthly allowance, of which I save a minimum of 200, sometimes a little extra. If possible, I'd like to add this 200 monthly on top of the 10k that I'd like to invest.

Any advice is well appreciated, thanks in advance

 

[dazza_73]

@jackluies ASB/ASM depending on your race.

 

[mlorrainee]

@dazza_73 ^ or sp500 ETF (long term passive investment)

 

[jackluies]

@dazza_73 Chinese, non-bumi

 

[jenmelania0]

@dazza_73 ASM as it still has the bigger dividend other than ASB

 

[indyanna]

@jenmelania0 how to open account for ASM?

 

[jenmelania0]

@indyanna Can use your Maybank or CIMB account. Pretty straightforward

 

[niv80]

@dazza_73 Yes, for younger people that don't need liquidity and want to stash some money away.

My parents dumped in 20k about 25 years ago in ASW2020... Now it is over 3.5x the original value.