I just finished my degree and I have been working in Malaysia for 3 months.
Let's say that every month I have a salary of $2,550 and my expenses are:
- $300 taxes
- $500 to parent
- $300 toward utilities
- $400 for food and fuel
There is around $1,000 left and I put $500 toward investment (Stashaway) and $500 goes to Emergency Fund.
I see two choices:
- Investing is kind of risky as I might lose all of it but I could earn much more over 20-40 years
- Or I could put it in my government fund, kind of a fixed deposit (4-7% annually)
My main question is, where do I start saving/investing? Which one should I do?