Guys, let's face it. I'm lazy, and I'm sure I'm not the only one. Heck, it took me a little more than half a year to get back to writing again and its not because I'm out there saving the world, or that I'm busy with work (don't tell my boss), I've just been going through a funk.
It's been a whirlwind of changes; from terrible dates, to finding a new home. I've been relatively busy, but pretty lazy at the same time. Doing absolutely nothing should be a serious hobby.
Anyway, I've started putting in some money here and there as an investment. Sure, the amount is small enough for a junior broker to laugh at, but they're little seeds of something and I hope they grow. Getting started as a serious investor takes time and a bit of hard work, but if you're lazy like me, you've come to the right place.
1. Unit Trust Funds
Let's say you have a friend that's really smart. You trust her to make the best decisions and she knows how to make serious money. And you're not the only one who thinks that, a bunch of other people do too. So you, along with a bunch of other trustees, would give your savings to her, knowing that she will invest on your behalf so you won't have to. That's how a unit trust fund works.
What I like about it is that it takes the least amount of work and its still a pretty decent money grower. The only thing you gotta do is to do the initial homework by finding the right trust fund for you and how do they compare with others. Places I would refer to is iMoney or FundSuperMart
Once you've found the right fund, give a call to the respective bank handling it and tell them you'd like to invest in one of their trust funds. An agent would usually meet up with you and talk you through about the funds and get the paperwork done. Usually you need to invest a minimum of RM1000.
2. Blue Chip Stocks
I know, I know, Stocks can be a pretty risky investment and most people would tell you that you need to do a lot of homework and keep an eye out on the news to make sure you don't lose money. But here's the thing. It usually applies to those looking to get immediate rewards, or investing in the short run.
As a young person, time is on your side. If you're lazy like me and you'd like to invest in a few good companies, do it in the long run. Invest for the long term. And by that, I mean buy a few blue chip stocks, one you know won't be going anywhere, anytime, like banks, oil & gas companies, etc...
Let the company grow. Don't look at it for at least 5-10 years and see the growth in investment. Sure, every company will have its ups and downs, but if you're confident in their growth and you know they won't be going anywhere, buy their stocks, even if its expensive.
Wish I knew this before. I used to think Nestle was expensive at RM70 a unit. Now its at least RM150 today. Damn. Invest in the long term, guys.
3. Fixed Deposits
This only works if you're lazy AND rich. Basically, you leave your money in the bank for a certain amount of time and let it grow by a small percentage. If you have at least RM10,000 to stash away and not use it for a year or two, this might work for you.
However, if you have less than RM1000 to put in that account, I say don't bother. The returns are pretty shit and you'd only see a significant amount in many more years.
So there you have it! Some of the investments you can get into if you're a lazy ass like yours truly. May the year of the pig bring your prosperous ass a year of joy and wealth coming your way!
Anne is the author and founder of this blog. She likes to write about current issues, travels, food and the general struggles of a millennial.