Where do you keep your money now?

Where do you keep your money now? This question was thrown to me two days ago. It was not a surprise to me as I am being asked similar questions on and off.

Since last year 2018, stock market has seen the return of volatility to most major stock markets after what was an unusually calm 2017, and arguably this higher volatility is a sign of a more healthy equity market. Whilst volatility is often associated with falling markets, it is actually a measure of uncertainty and variability – it can often provide as much opportunity as it does as threat.

We’re in an eventful time where the stock market is behaving like a roller coaster last year till now. The interest rates are climbing up as well. Can you make money in such situation? To see results in investment, most people tend to overlook the importance of consistency. Consistency in terms of your approaches, methods, or philosophy is the key towards your success . If you are in the stock trading, continue to trade and maintain the discipline of sticking to your methods. If you are in the property investment field, you have to be in that field all the time. Consistency on the asset type you invest in, and keep focusing on the area you know the best.

Again, same question to ask: Where do you keep your money now? Is it your...

a) Current account?

b) Fixed Deposits?

c) Unit trust account?

d) Central Depository Security account aka Share account?

e) ASN?

If you think carefully, it is either your saving account or your retirement fund in the form of EPF. You will be surprised that your EPF account is having more money than your saving account. Why? It is because of the consistency in terms of the monthly contribution into the account.

I was notified by a friend that it is easier to get ASN unit online. I manage to top up some today (Thaipusam Eve) into my ASN account. I am looking forward to continue with the consistency of topping up my ASN account. Cheers...:)