Money can be tight when you're starting out, especially during times when prices for things are going up faster than your paycheck. But once your monthly expenses are under control and saved up for emergencies, it's time to start investing. The question is, where do you start, and how much should you invest?

As a newbie in the investing world, you're bound to have many questions. Don't worry; we've got you covered with our guide to help you navigate it all.

Start early and reap the rewards
Investing while you're young is smart because it gives your money a chance to grow. Thanks to compound returns, your investment returns can start earning their returns. It's like a snowball effect that builds up your account over time.

Now, you might wonder if you can start with a small amount of money. The answer is a resounding yes!

Investing in smaller amounts is easier than ever these days. You can find options with low or no minimum investment requirements, zero commissions, and low fees and charges. So, you don't need a fortune to get started.

Decide how much to invest
Investing when you're young is great, but how much should you invest? Well, that depends on your own circumstances and goals.

If you have a long-term savings goal like retirement, you can be a little bit more aggressive and select an investment that could potentially generate higher returns in the long run.

On the other hand, if you're saving for a short-term goal within the next five years, like buying a car or going on a trip, it's safer to keep your money in a low-risk investment portfolio. You don't want the ups and downs of the stock market to jeopardize your short-term plans.

Open an investment account
When you're ready to invest, you must open an investment account. If you're not investing specifically for retirement, there are various types of accounts to choose from that offer flexibility in accessing your money when you need it.

Know your options
Once you've decided how to invest, you'll need to choose what to invest in. Remember, every investment comes with risk. Take the time to understand each option, the level of risk involved, and whether it aligns with your goals.

Ready to get started? Take control of your financial future and make your money work for you. Happy investing!

Disclaimer:
You are advised to read and understand the relevant Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) before Investing. Among others, you should consider the fees and charges involved. The registration of the relevant Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) with the Securities Commission Malaysia (SC) does not amount to nor indicate that the SC recommends or endorses the funds. A copy of the relevant Prospectus, Information Memorandum and/or Disclosure Document including any supplemental thereof and the Product Highlight Sheet (if any) may be obtained at our offices, distributors or our website at www.principal.com.my. The issuance of any units to which the relevant Prospectus, Information Memorandum and/or Disclosure Document relates will only be made on receipt of an application referred to in and accompanying a copy of the relevant Prospectus, Information Memorandum and/or Disclosure Document. Please be advised that investment in the relevant unit trust funds, wholesale funds and/ or private retirement scheme carry risk. An outline of the various risk involved are described in the relevant Prospectus, Information Memorandum and/or Disclosure Document. As an investor you should make your own risk assessment and seek professional advice, where necessary. Securities Commission Malaysia does not review advertisements produced by Principal.