6 financial investments to take this new year
Each New Year brings new hopes, goals, and aspirations that are unique to everyone. When it comes to achieving financial goals, it’s never too late to start, although it’s recommended to start as soon as possible for better returns. In pursuit of achieving your financial goals, you must first understand your potential investment options in order to make the right decision that not only ensures financial stability and freedom for yourself, 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 potential areas you can venture into to understand smart investing. These financial investments should be on your New Year’s resolution list, as they are a combination of risk taking, investment amount, and return on investment (ROI). These investment ideas will help you balance your short-term and long-term financial interests.
real estate: This investment option carries medium risk and investors must select the right property to obtain the highest return.
trust unit: It 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, secure, and take a consistent approach to investing. By investing in mutual funds, investors with limited time can earn higher returns from the capital markets. This investment option carries low to medium risk and is suited to 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 term deposit accounts as they ensure smooth management and are government insured. Additionally, time deposits offer a higher interest rate than savings accounts and can be opened with a relatively low minimum investment amount.
invest in gold: Investing in gold is always considered a good thing, since it is an indispensable asset in all cultures and geographical borders. Investing in gold can be done in physical form (such as buying gold jewelry, gold coins, gold bars) or through “paper gold” (through bank gold investment accounts).
Sure: Investment-linked insurance policies or ILPs provide broad coverage and a good yield to maturity. These investments do not require 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. It is specifically designed for Bumiputera of Malaysia 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’s best to start now without further ado for big profits.