3 min read I Date: 15 November 2022
Meet Jason, a 27-year-old account executive who has multiple aspirations and goals in life. Since young, Jason has been obsessed with anime and one of his goals is to take a solo trip to Japan. As we may know, Anime & Manga are integral parts of the Japanese Culture and by taking this trip, Jason can ultimately submerge and experience the culture firsthand.
His goal is to save RM10,000 in 12 months so that he can take this EPIC trip. Will Jason achieve his savings goal for Japan trip if he saves and invest monthly into a low-risk investment like a money market fund? For example, investing in Principal Islamic Money Market Fund via Touch ‘n Go eWallet’s feature GOinvest.
Let's find out
Assuming Jason is a young investor earning a monthly income of RM5,000 after EPF and tax deductions. There are two (2) options how Jason can save his RM10,000.
Option 1: Jason can just divide RM10,000 over a period of 12 month and invest RM833.33 every month consistently in Principal Islamic Money Market Fund and earn extra returns.
Assuming total % returns (minus management and trustee fee) of 2.680%, Jason will have RM10,146.32 at the end of the 12 months with a total investment gain of RM146.32 (see below table).
Option 2: Jason can contribute a slightly lesser monthly commitment into Principal Islamic Money Market Fund and still earn a return.
Based on Jason’s goal of RM10,000 savings and assuming total % returns (minus management and trustee fee) is 2.680%, Jason needs to invest RM821.32 per month consistently and still gain RM144.25 (see table below).
What to do next?
Whatever your goals may be, we have an easy way to help you get motivated. Invest with Principal via Touch ‘n Go eWallet’s feature GOinvest today. Learn more: https://www.principal.com.my/en/invest-via-goinvest
Disclaimer
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. 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. As an investor you should make your own risk assessment and seek professional advice, where necessary. 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. Securities Commission Malaysia does not review advertisements produced by Principal.