Step 3 in our suggested financial plan is to save your hard earned money into Bank, Fix Deposit, EPF or Insurance. Through saving you can grow your money with interest and dividend given per annum by respective institution. But saving would only give you a maximum of 6% growth. Therefore, if you have further extra money after saving, we recommend you to invest your money.
When come into investing your money, you would probably thinking whether you should choose unit trust or stock market? The following is Public Mutual fund dividend declaration for financial year end 2023.
We haven't got time yet to seek information about these each fund % return in year 2023. But in our wealth planning, we would always remind our clients that for unit trust investment, the target return per annum should be at least 7%.
After you invest some of your extra money and you have some free time, we would recommend you to try invest in stock market. For beginner, maybe u can learn from online free course or learn from your remisier. The following are top 10 best performing Malaysia stocks in 2023.
The top return from this list of top 10 best stocks in 2023 is ranging from 30%-265%. Sometime is quite hard for you to pick the best stock from so many options to choose from. Therefore, if you manage to earn 12%-15% per annum from stock market is already consider very good.
But make sure you got time to do research and monitor the price to sell on time to avoid your investment from being stuck for a wasteful period of time where you can reinvest your profit in other good stocks.
Finally, we think is quite simple to choose either Unit Trust or Stock Market to invest in. If you don't have time to monitor stock market price, you should opt to invest your money in Unit Trust.
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