Seeking for Investment Guidance
Hello everyone, just a little about me is that I am 25 and still don't have like proper investing knowledge which is why I am scared of getting into investments. I am a fresh graduate and I have been working for around 10 months. I don't have a lot of commitments and I am generally quite frugal as well, so I have around RM24k in my bank. On a good month, I can save up to 60% of my net income. In this savings, I have the money in the bank split into 3 buckets which are Savings, Emergency, Travel and I keep all of this money in Ryt Bank getting the 4% daily interest.
As for investing background and experience, I have Moomoo installed but really don't know where to start so I randomly invested like RM500 on VOO a random month and never invested again.
So I would like to ask if you were in my position,
- How much money out of the 24k in my bank should I allocate to investing? And another one (for monthly investing), if I have around RM2.5k (example) left after all my monthly commitments, how much should I use it for investing?
- How much liquid cash should I actually keep for myself in a high-yield savings account? Is keeping in Ryt Bank and the 4% fine or are there any other better options out there? I am open to any recommendations
- I heard there is money market fund in Moomoo which is quite liquid but I don't know whether does that involve some sort of investing or smtg?
And finally, where should I start in learning investing on Moomoo? Is it really necessary for me to keep tracking the market all the time?
Would appreciate all your advice in this, thank you very much!