Hi r/MalaysianPF, I am a 23 y/o fresh graduate who currently has abt 30k in the bank from past job savings. Currently I am working full time with a 3k salary.
Currently what I have been advised is:
- save 6 months of salary (18k) as an emergency fund in FD or Savings Account
- save an additional 19% of my income into EPF
- use the remaining as investment funds to grow a diversified mid-risk portfolio.
Looking for:
- pointers, where and how to start. What should I he investing in. Technically open to everything stocks, funds, crypto, epf, reits, propety etc.
- how much should I diversify to each category of investment.
- MPlus, Rakuten or other trading platforms, whats the difference and why?
- should I be getting a credit card to pay bills to start building credit score ? (Not a heavy spender, generally spends on necessities and occasional food hunts)
Thank you fellow Redditors in advance. Am abit dumb when it comes to investment / money
Currently what I have been advised is:
- save 6 months of salary (18k) as an emergency fund in FD or Savings Account
- save an additional 19% of my income into EPF
- use the remaining as investment funds to grow a diversified mid-risk portfolio.
Looking for:
- pointers, where and how to start. What should I he investing in. Technically open to everything stocks, funds, crypto, epf, reits, propety etc.
- how much should I diversify to each category of investment.
- MPlus, Rakuten or other trading platforms, whats the difference and why?
- should I be getting a credit card to pay bills to start building credit score ? (Not a heavy spender, generally spends on necessities and occasional food hunts)
Thank you fellow Redditors in advance. Am abit dumb when it comes to investment / money