I’ve decided. Now, anytime anyone new to investing asks me about which investments to get, I’m going to say ‘get the set-and-forget’ ones. Take this investment tip: Unless you have a natural passion (or desire to learn about) stocks and properties and other research-heavy investments, go for the investments you can automate.
Why? Because the challenge is not about picking an investment. There are a lot of good options. The challenge is adding more money to it on a regular basis, usually monthly, over the long term.
Without automated investments, most people will start an investment… then ‘forget’ to contribute to their investment portfolio on a regular basis. And by not adding, the money will never grow as fast as you want.
I know because I’m talking about myself. Despite being an investor for over 10 years now, transferring money out of my banking account to my investment account still hurts each and every time. Therefore, it’s a good idea to feel the pain once (as you set up the recurring deductions), rather than feeling the pain many times over many years.
In this article, I’ve listed out all the investments that you can automate in Malaysia, that I know of. If there are more, let me know in the comments section.