How Much Cash Should You Have Saved?
Invest in Malaysian and US stocks with moomoo Malaysia (https://themillennialfinance.com/moomoo)
Deposit RM1k and get RM150 worth of vouchers
Deposit RM10k and get RM450 worth of fractional shares
I've seen many Malaysians do well, saving up a good chunk of money at a young age. But holding onto a lot of cash isn't really a good thing.
We might lose out to inflation or miss out on opportunities to grow our wealth. So how much is ideal and where should we put the rest?
⌚ Timestamps:
00:00 Intro
00:53 The problem with holding too much cash
3:00 Keeping money in fixed deposits/high-yield savings accounts
4:30 How much cash should you hold
8:12 What should you do with the rest of your cash
🍿 WATCH NEXT:
The Beginners Guide To Investing In 2024: • The Beginners Guide To Investing In 2024
How To Invest In ETFs (And Pick The Right Ones): • How To Invest In ETFs (And Pick The R...
How To Invest In Malaysia And US Stocks With Moomoo: • How To Invest In Malaysia And US Stoc...
🔗 OTHER LINKS:
StashAway (Save & Invest) 👉 http://themillennialfinance.com/stash
Invest in global stocks with IBKR (http://themillennialfinance.com/ibkr)
Sign up with GXBank (https://themillennialfinance.com/gxb)
Follow us on Instagram: @themillennialfinance_
Follow us on Twitter (X): @themillennialf_
TikTok: @themillennialfinance
Disclaimers: https://themillennialfinance.com/disc...
#TheMillennialFinance