Each New Year marks the beginning of new hopes, goals, and aspirations that are unique to everyone. When it comes to achieving financial goals, it is never too late to start, although it is recommended to start as early as possible for better returns. As you seek to achieve your financial goals, you must first understand the potential investment options so that you can make the right decision that will not only ensure financial stability and freedom for you, but also for your loved ones for years to come.
The idea is to start small; you don’t need lots of money to invest. Here is a list of possible areas you can venture into to understand smart investing. These financial investments should be on your New Years resolution list, as they are a combination of risk taking, investment amount, and return on investment (ROI). These investment ideas will allow you to balance your short-term and long-term financial interests.
Real estate: This investment option carries medium risk and investors should select the appropriate property to obtain the highest return.
Unit confidence: This is a collective investment plan that allows small and medium investors with similar investment ideas to pool their funds and invest in a portfolio of securities. Pooled funds include cash, bonds, stocks, property, etc. These are long-term, safe, and take a consistent approach to investing. By investing in participation trusts, investors with limited time can earn higher returns from the capital markets. This investment option carries low to medium risk and suits the common man who is interested in stocks but does not have the funds to expand independently.
Fixed Deposits – Fixed deposits (also known as term deposits) offer a guaranteed rate of return on your investment. Almost all banks in Malaysia offer fixed deposit accounts, as they guarantee hassle-free management and have government insurance. In addition, fixed deposits offer a higher interest rate than savings accounts and can be opened with a relatively low minimum investment amount.
Invest in goldInvesting in gold is always considered a good thing, as it is an essential asset in all cultures and geographical borders. Investing in gold can be done in physical form (such as buying gold jewelry, gold coins or bars) or through ‘gold paper’ (through banks’ gold investment accounts).
Sure: Investment-linked or ILP insurance policies provide broad coverage and good yield to maturity. These investments do not require a large investment capital.
Amanah Saham Bumiputera: This is a low-risk investment option that you can consider if you are planning a long-term investment. This is specifically designed for Malaysia’s Bumiputera and is managed by Amanah Saham Nasional Berhad, which is a wholly owned subsidiary of Permodalan Nasional Berhad.
Now that you have a list of financial investment ideas, it is best to start now without any further delay to get big returns.