31, RM20k saved, starting from scratch. What do I do
I know I'm late to this. Life happened and I only managed to start saving recently. Not going to go into details but it wasn't by choice.
I'm 31, take home RM5.5k a month, based in KL. I have RM20k saved and honestly have no idea what to do with it. Never invested before, don't know where to start.
I don't want to just let it sit there doing nothing but I'm also scared of losing it you know? I don't want to put it somewhere super risky but I also don't really know what counts as risky and what doesn't. That's kind of where I'm lost.
What would you do if you were me? how can I grow this 20k? Do I put it in separate saving account? How shall I invest this too? Open to any advice, even the tough love kind. I just want some change in my life.