Hello Grasshoppa,

My Saturday is always BJJ training & spending time with my BJJ family. It is a bit unusual for me this time around as my coach has just left back to his home country to take over his father business & I am taking up the role as a BJJ coach alongside with my buddy. The good thing is, the team has a close-knit relationship with each other & we are still training hard despite losing a good coach & role model. As I am writing this, we are all sitting down having our usual coffee & some of them are enjoying their chess game inspired by The Queens Gambit.

Each year, I will be getting thoughts from different personal finance bloggers, experts & influencers on their view towards the new year but this year, I am getting thoughts from my BJJ family on their personal finance & investment goals for 2021. On the table currently, we have 6 people including myself so we will be hearing different thoughts from 5 different individuals.

Khim Hun :
With the current market situation, he is still optimistic that the market will be recovering. He is one of my buddies when it comes to investment where we do have a discussion among each other regarding stocks & investments. His personal finance plan is to have savings between RM20,000-RM30,000 that he may use to invest in properties & he plans to invest additional RM10,000 in stocks.

Ming Kern :
His personal finance goal is to have cash savings between RM10,000-RM20,000. Part of his investment goal for 2021 is to learn more about cryptocurrency investment & learn more on general investment. His current investment is mainly with mutual fund.

Hong Jin :
As he is not familiar with investment, he is keeping all his savings in fixed deposit. His goal for 2021 is to have cash saving around RM20,000 & all those money will be deposit into fixed deposit.

Khim Sun :
He is allocating 20% of his salary for his cash savings. He will be using his remaining 20% of his 80% salary to explore other new investment. His 2021 goal is to explore investment outside Malaysia where he will be using Robo-advisor to invest. Another goal of his is to explore property investment & use his EPF Account 2 savings to purchase his next property.

Omar :
Since he’s a student from Egypt, he is exploring for Shariah type investment in Malaysia. Currently, he plans to invest RM100 in Wahed Invest each month & also to explore HelloGold.

Conclusion :

As you can see, each of us is having different personal finance & investment goals. There is no right or wrong when it comes to personal finance & investment. Most important of all, is to save no matter it is little or a lot. If you are uncomfortable with investment, you can always keep your money in fixed deposit where you are able to earn some interest from it. The goal is to have extra cash where we can all survive bad economic times, have an emergency fund & to have extra money during our retirement.

OSS!