How should I invest my money?

Travel Info
I just got my first job and had my first income not too long ago.I successfully saved RM500+ the first month and I'm confident I can save up to RM700 a month in the future.I'm planning to put my money into good use,like investment,instead of saving it in a bank.How do I go about doing it?Anyone here with experience who may wanna give some advice?How should I manage my money wisely?I know this question should belong under the Investing category but I would like a Malaysian approach.BTW,if you must know,I'm non-bumi.Thank you in advance for your opinion.

Travel Tips

1. Cash save it up to three months salary. If you earn 2500 a month your cash flow should be 2500 * 3 = 7500. Save the cash in FD

2. Mutual fund- For beginner i would recommend you invest in the Mutual fund instate of stock market. Normally Equity fund would give you 40 % of return in 2yrs. In the mean time you can study stock market. Check http://www.ykconsultancy.com/ut.htm... for more information.

3. Real estate. You have to save up to the first down payment before you get started. Study the area you wish to buy, type of property and potential.
Others

I don't understand what a "non-bumi" is. I can't provide you with a Malaysian approach, but maybe you could watch the stock market, find something with good growth prospects and make your investment there. There are many companies with low stock prices. Good luck to you.
Congratulations on your 1st saving, considering that not many guys like you can save that much. Well since you're still young, why not get a book to guide you on investing.

The most popular and safest to invest is the Unit Trust which spread out to many investment funds which you'll would ask which is the most profitable?
The largest unit trust fund is the Public Bank Mutual fund. Drop in to their outlets to look for the customer service, i'm sure you'll understand how you can maximise your returns from the investment.

You may invest in the stock market provided you have enough knowlegde on what stocks to pick and when is the best time to buy base on the fundamental of the.
A word of advise for you, this investment is quite risky if you're not careful.

There are plenty more investment you can choose from such as real estate, insurance related etc...
u better buy a house..that a vry good investment in our country now..useful to u also..with that money u can get a good house man..anyway ur attd. towards future is gud..gud luck..
learn and study about the different investment options available today, chances are you may be more comfortable with a specific option based on your financial portfolio - like property, stocks etc. develop your interest and knowledge further in that area - investment is a process, it takes time, effort and courage to be a good investor
Buy a house, lands or play stocks. Stocks market is risky though.
start a small business