10 things to know
- Before you get started, set some investment goals
- Save and invest now!
- Invest early to beat inflation and to benefit from compounding
- Invest consistently
- Balance risk and return
- Invest in different products, not just one!
- Avoid high fees
- Do NOT sell in panic
- Do NOT take on debt to invest
- Beware of scams
- Quiz: Investing 101
Do NOT take on debt to invest
Taking on debt to invest is like holding a ticking time bomb. Investments like Amanah Saham, EPF offer you returns of between 4-7%( a year. Your personal loan or credit card debt interest rates are around 10% to 18% *Source: click here). You are very unlikely to make enough returns from your investment to pay back your debt! And, if you can’t pay back your debt, you’ll end up in a cycle of debt which leaves you in a worse financial situation than you were in before you started investing. So don’t make yourself worse off!