Let’s say you have saved up RM10,000 (or more) and you know the importance of investment. If you want a fast return, then the best way to get your money doubled (or even tripled) is by speculating or gambling. But the chances of getting your returns back is also very narrow, as the risks are understandably very high.
There is no doubt that it all comes down to how much risk you are willing to take. If you are not a risk-taker then the safest way to invest is through fixed deposits. Then again, the only problem with fixed deposit is with GST and the increasing prices of various goods; one's salary is not growing fast enough to keep up with people’s basic lifestyle. People are technically losing out since wealth is supposed to grow beyond inflation.
Now, if you can’t afford to buy a RM2 million property and only have RM10,000 to invest with, then you can also consider buying shares. You can opt for unit trusts, stocks or REITs. REITs are considered to be a relatively safe choice to invest in and also gives reasonable returns.
To know which REIT to invest in, you need to do some research on your own to find out which share suits your lifestyle and retirement goals the most. If you are not interested to buy the share from Malaysia, then you can also invest overseas which is an offshore REIT with the help from an offshore broker.
You will be able to have some extra funds to invest if you have proper financial planning. Read our articles and learn how to be your own financial planner. Also, here are some articles regarding REITs and bankruptcy. To have a better understanding on financial planning, you can read up on how to invest one million ringgit in properties and how to avoid overspending.
There are many ways and places to invest in but the question is always where and why. A smart investor always takes the time to understand the basic principles of investing and always makes informed investment decisions. Whether your goal is to send your kids to university or to enjoy retirement early with the ability to travel around the world, investing is essential to getting you to where you want to be. Good luck!