Don't Wait To Start Investing

You might be only earning a couple thousand every month with a couple subscriptions and responsibilities towards your family but that doesn't mean that investing is an impossible task.

Here are a couple easy tips to get started small in investing to help you reach your financial goals.

Take Advantage of Robo-Advisories

In today's investment market, key digital capabilities such as Artificial Intelligence and Automation have helped revolutionise a human-heavy investment industry to now that looks to digital services to assist people in investing. With the inclusion of technology, these companies are able to offer their services for much lesser than their human competitors.

In Malaysia, we have the likes of StashAway and MyTheo that provide this service but I personally only invest in StashAway. With somebody with little technical investment knowledge, they really helped me get started in investing in a way that helped me better understand my own financial goals through their amazing in-app experience. To monitor your portfolio, they clearly showcase it's growth, composition, and aggressiveness which is perfect in an industry which has been traditionally been a murky one.

Would advise in following their monthly automatic deposit so that it becomes second nature every month and there is no minimum amount needed.

Increase Your EPF For Retirement

If you don't know, the Employees Provident Fund or KWSP is a government entity created to act as a retirement fund by taking a portion of your salary and investing it so that by the time you do want to retire, you have enough.

I would suggest, if it's financial responsible to do so, to talk with your HR Department and see if you can increase it to a rate that is still comfortable and won't leave you scrounging every month. This can be an added benefit if your company practices matching your EPF contributions.

This would give you the best possible chance to retiring comfortably and on time.

Invest in Unit Trust Through Regular Savings Plans

Although the minimum investment amount for most Unit Trusts is a RM1k, some providers have allowed investors to start from just RM100 on a monthly basis. So again it is a simple and straightforward process to get started in investing and I would recommend using Fundsupermart to find the Unit Trust for you due to their low fees.