@orthodoxokie 19 with 10K? SPEND IT. Just kiddin.
Okay, here is my suggestion.
If you dont wanted to use that money for the next 3 or 4 years then :
You should use ASB Financing.
Yup, the Financing one instead of the normal ASB. I promised you, ASBF/ASB was 0 risk investment. The worst case scenario would be you just get 0 divident (which never happen in entire Malaysia history, not even when Covid). You set aside at a certain bank which you would never touch. For me, that would be Affin Bank.
If you not sure if you gonna use it for another 2 or 3 years, then :
Tabung Haji is another great option. The return is really underated. For only around RM1300. I got RM59.00 per year for a return. Now, if if was RM10K, you shall get at least RM500 per year. That is quite a lot arent it?
Or If you wanted to use that money for a small spending or etc, then the best answer would be:
TNG Go+.
Well, unlike those two which might need you to present at the bank if you wanted to take out your money for emergency use or etc. TNG Go+ on the other hand is great as you can just use the money for daily use. Just like your usual TNG. The returns would be for every RM100, I believe you got a daily return of 0.01.(Yup, it credited to your account daily, so it is much more satiesfying if you are a type of person who wanted instant result). Well the stated rate was 3.49% per annum. So if you keep exactly RM10,000. You will get RM349 per year. Hey, it might slightly lower than the other two but it is very liquid. You can use it everyday, but also got a pocket money. Why would you rejected that.
Well, these are the best way I could think of. But just a friendly reminder, I'm by no mean a Financial advisor. Let just say I'm also started with around 14K at the age of 19.
But I did spent it to travel to Japan, South Korea and Singapore tho. Now I'm just a brokie with around 2K at the age of 20
![Face with tears of joy :joy: 😂](https://cdn.jsdelivr.net/joypixels/assets/7.0/png/unicode/64/1f602.png)
. But hey, I'm a uni student tho. Let strive for 100K by the age of 25!