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Jason Yew asked 5 years ago

Hi,

I am a newbie in the investment thing, as i an entering the 3 digit age this year and since the MCO started last year. I felt the need to invest for better future hopefully. So i started invest in fixed deposit, crytocurrency and stock this year, but the main concern i have right now is how much should i invest in and how is my threshold is when investing money into it.

I have invested total RM12500 so far in the above investment, RM10000 in FD, RM1000 in cryto, RM1000 in REIT(RM500 Pavilion & RM500 Axis) and RM500 in GentingM.

I would like to know that if i should invest more into the abovementioned investment or any better way of investing? and how should i know my threshold of amount to invest?

Thank you in advance.

3 Answers
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ERIKA Staff answered 5 years ago

Jason, what is your job and industry you are in?
Also, what is your monthly salary and your savings rate (%)?

Jason Yew replied 5 years ago

Hi, I am doing sales in education line. My monthly salary would be roughly RM5k/mth and i usually will save 30% or more of my salary depends on the that month commitment expenses will be.

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ERIKA Staff answered 5 years ago

Your savings rate is great, but focusing too much on investing when you are earning a B40 level salary isn't going to get you far. Watch this from our principal advisor to understand more.
The bright side of it is that you're doing sales, but do you feel the education industry you are in is a profitable industry?

Jason Yew replied 5 years ago

I see, okay, will take a look at it. but how should i go about it? thx

nope, education line not a profitable industry. 😀

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ERIKA Staff answered 5 years ago

If you have watched the video series, then the answer to your question 'how should I go about it' should be obvious to you.