{"id":69153,"date":"2020-07-09T13:37:50","date_gmt":"2020-07-09T05:37:50","guid":{"rendered":"https:\/\/nomoneylah.com\/?p=69153"},"modified":"2022-05-02T13:07:30","modified_gmt":"2022-05-02T05:07:30","slug":"save-money","status":"publish","type":"post","link":"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/","title":{"rendered":"4 BETTER Ways to Save Money in a Low Interest Rate Environment! (detailed comparison)"},"content":{"rendered":"\r\n<p><span class=\"font-500830\">Since the Covid-19 pandemic started earlier this year, central banks across the world have been lowering interest rate in hope to spur the economy with increased consumption &amp; borrowings.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">On the flip side, under a low interest rate environment, the yield of conventional financial vehicles like Fixed Deposit (FD) are affected negatively.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">In fact, Bank Negara Malaysia (BNM) has just announced the lowering of interest rate from 2% to 1.75% this month (July), which is never seen even during the Global Financial Crisis in 2008\/09.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>Simply put, savers suffer in this historically low interest rate environment.<\/strong><\/span><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-662d95e0ef36c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-662d95e0ef36c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/#The_question_is_obvious\" title=\"The question is obvious:\">The question is obvious:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/#Firstly_Our_Goals_Criteria\" title=\"Firstly, Our Goals &amp; Criteria:\">Firstly, Our Goals &amp; Criteria:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/#1_Money_Market_Funds\" title=\"1. Money Market Funds\">1. Money Market Funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/#2_StashAway_Simple\" title=\"2. StashAway Simple\u00a0\">2. StashAway Simple\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/#3_Bond_Funds\" title=\"3. Bond Funds\">3. Bond Funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/#4_Low_to_Medium_Risk_Portfolio_on_Robo-Advisors_eg_StashAway_Wahed_MyTheo\" title=\"4. Low to Medium Risk Portfolio on Robo-Advisors (eg. StashAway, Wahed, MyTheo)\">4. Low to Medium Risk Portfolio on Robo-Advisors (eg. StashAway, Wahed, MyTheo)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/#But_hey_What_About_Amanah_Saham_Fixed_Price_Funds\" title=\"But hey, What About Amanah Saham Fixed Price Funds?\">But hey, What About Amanah Saham Fixed Price Funds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/#No_Money_Lahs_Verdict_Explore_Your_Options_in_this_Low-Interest_Rate_Environment\" title=\"No Money Lah\u2019s Verdict: Explore Your Options in this Low-Interest Rate Environment\">No Money Lah\u2019s Verdict: Explore Your Options in this Low-Interest Rate Environment<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_question_is_obvious\"><\/span><span class=\"font-555555\">The question is obvious:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Is there anywhere we can place or save our money in this low interest rate environment?\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Let\u2019s find out together.<\/span><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\" style=\"text-align: center;\">\r\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/tradingeconomics.com\/malaysia\/interest-rate#:~:text=Interest%20Rate%20in%20Malaysia%20averaged,percent%20in%20July%20of%202020.\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" width=\"932\" height=\"423\" class=\"wp-image-69161 aligncenter\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/msia-interest-rate.jpg\" alt=\"\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/msia-interest-rate.jpg 932w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/msia-interest-rate-300x136.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/msia-interest-rate-768x349.jpg 768w\" sizes=\"(max-width: 932px) 100vw, 932px\" \/><\/a>\r\n<figcaption>Malaysia&#8217;s Interest Rate at Historical Low (source: <a href=\"https:\/\/tradingeconomics.com\/malaysia\/interest-rate#:~:text=Interest%20Rate%20in%20Malaysia%20averaged,percent%20in%20July%20of%202020.\" target=\"_blank\" rel=\"noopener noreferrer\">Tradingeconomics<\/a>)<\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Firstly_Our_Goals_Criteria\"><\/span><span class=\"font-555555\"><strong>Firstly, Our Goals &amp; Criteria:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">What I intend to achieve with this article is to share what I think are suitable alternatives to FD for most people to place their money.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>The main goal here is to seek options that can allow most people to <\/strong><u><strong>PRESERVE<\/strong><\/u><strong> the value of their wealth.\u00a0<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Hence, please approach this article from a wealth &amp; value preservation mindset, <u><strong>NOT<\/strong><\/u> from an investment mindset.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Since we are talking about potential FD alternatives here, there are a few criteria that I consider while planning for this article:<\/span><\/p>\r\n\r\n\r\n\r\n<ul>\r\n<li><span class=\"font-500830\"><span class=\"font-500830\">#1 The majority exposure of these financial vehicles must be limited to <strong>low-risk asset classes<\/strong>.<br \/><br \/><\/span><\/span><\/li>\r\n<li><span class=\"font-500830\"><span class=\"font-500830\">#2 Ideally, we\u2019ll want to have a <strong>low barrier of entry<\/strong> to these options. Meaning, we can start even with a small amount of capital.<br \/><br \/><\/span><\/span><\/li>\r\n<li><span class=\"font-500830\"><span class=\"font-500830\">#3 A <strong>flexible deposit &amp; withdrawal<\/strong> feature would be a plus point.<br \/><br \/><\/span><\/span><\/li>\r\n<li><span class=\"font-500830\"><strong>#4 No troublesome tiering conditions<\/strong> where I must spend up to some amount or swipe my card X times a month to be eligible for the yield. (too mafan)<\/span><\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Now, a huge disclaimer (confirm people will mention): <strong>NONE of the options mentioned below are insured by PIDM<\/strong> and <strong>NONE of them have guaranteed yield or return.<\/strong> So if that\u2019s your thing, this article is not for you.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">With that in mind, let\u2019s start!<\/span><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Money_Market_Funds\"><\/span><span class=\"font-555555\">1. <span style=\"color: #0cb4ce;\"><a style=\"color: #0cb4ce;\" href=\"https:\/\/nomoneylah.com\/2020\/05\/20\/emergency-fund\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Money Market Funds<\/strong><\/a><\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Money Market Funds are mutual funds that typically invest in cash equivalent short-term debt instruments with short maturity (normally around 1 \u2013 2 years, sometimes even shorter).<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">In other words, <strong>Money Market Funds place your money in instruments like government treasuries, corporate, and bank securities.<\/strong> Also, <\/span><span class=\"font-500830\">Money Market Funds&#8217; managers typically attempt to keep the price of the funds fixed (ie. RM1\/unit), so only the yield will fluctuate.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">In nature, <strong>Money Market Funds are considered lowest in risk within the fixed income asset classes<\/strong> as the short maturity (a.k.a. expiry) of the instruments invested <strong>lower the risk of default<\/strong> and <strong>reduce exposure to long-term risk in the market.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Generally, yields are paid out in the form of dividends either monthly or quarterly.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Personally, I have most of my money placed with <a href=\"https:\/\/nomoneylah.com\/2020\/05\/20\/emergency-fund\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">BIMB Dana Al-Fakhim (via BIMB\u2019s BEST Invest) and Phillip Capital Money Market Fund<\/a> for non-investment related purposes.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Average Past Return: Around 3 \u2013 4%\/annum<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Pros:\u00a0<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ Higher return than FD;<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ Low barrier of entry (RM10 for BEST Invest);<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ No lock-in period (deposit &amp; withdraw anytime).<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Cons:<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8211; Funds\u2019 return can be impacted by low-interest rate, albeit they are still better than FD.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8211; Minimal amount of management &amp; trustee fees will incur.<\/span><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-large\">\r\n<figure id=\"attachment_68964\" aria-describedby=\"caption-attachment-68964\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-68964\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/05\/bimb-mm-1024x657.jpg\" alt=\"\" width=\"1024\" height=\"657\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/05\/bimb-mm-1024x657.jpg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/05\/bimb-mm-300x193.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/05\/bimb-mm-768x493.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/05\/bimb-mm.jpg 1268w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-68964\" class=\"wp-caption-text\"><a href=\"https:\/\/nomoneylah.com\/2020\/05\/20\/emergency-fund\/\" target=\"_blank\" rel=\"noopener noreferrer\">BIMB Dana Al-Fakhim Money Market Fund<\/a><\/figcaption><\/figure>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_StashAway_Simple\"><\/span><span class=\"font-555555\"><strong>2.<\/strong> <span style=\"color: #0cb4ce;\"><a style=\"color: #0cb4ce;\" href=\"https:\/\/nomoneylah.com\/2020\/06\/15\/stashaway-simple-review\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>StashAway Simple<\/strong><\/a>\u00a0<\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">StashAway Simple is a cash management service from robo-advisor StashAway.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>Essentially, StashAway Simple is also invested in Money Market Fund.<\/strong> However, I think it deserves its own place in this article due to its unique value proposition as shown below:\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Historical Return: Between 3.6 &#8211; 3.7%\/annum (data taken from the historical performance of <em><a href=\"https:\/\/www.fundsupermart.com.my\/fsmone\/admin\/buy\/factsheet\/factsheetMYESIIF.pdf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Eastspring Investments Islamic Income Fund*)<\/a><\/em><\/strong><\/span><\/p>\r\n<p><span class=\"font-555555\"><strong>Projected Return: About 2.4%\/annum (this is an estimated potential return and SHOULD NOT be compared to the historical returns of other funds)<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Pros:<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ Lower fee structure compared to typical Money Market Funds <strong>(~0.165% vs ~0.5%\/annum)<\/strong>. There\u2019s no management fee from StashAway though there\u2019s a minor fee charged by the underlying fund manager.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ Zero barrier of entry. You can literally start using <a href=\"https:\/\/nomoneylah.com\/2020\/06\/15\/stashaway-simple-review\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">StashAway Simple<\/a> at any amount you want.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ No lock-in period (deposit &amp; withdraw anytime).<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Cons:<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8211; The cons listed under Money Market Funds.<\/span><\/p>\r\n\r\n\r\n\r\n<p><em><span class=\"font-500830\">*The underlying fund of StashAway Simple is <a href=\"https:\/\/www.fundsupermart.com.my\/fsmone\/admin\/buy\/factsheet\/factsheetMYESIIF.pdf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Eastspring Investments Islamic Income Fund<\/a> that invests in Islamic debt instruments offered by financial institutions. You can find out more about the fund <a href=\"https:\/\/www.fundsupermart.com.my\/fsmone\/admin\/buy\/factsheet\/factsheetMYESIIF.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">HERE<\/a>.<\/span><\/em><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter size-large\">\r\n<figure id=\"attachment_69050\" aria-describedby=\"caption-attachment-69050\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-69050\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/06\/SA-simple-2-1024x525.jpg\" alt=\"\" width=\"1024\" height=\"525\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/06\/SA-simple-2-1024x525.jpg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/06\/SA-simple-2-300x154.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/06\/SA-simple-2-768x394.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/06\/SA-simple-2.jpg 1389w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-69050\" class=\"wp-caption-text\"><a href=\"https:\/\/nomoneylah.com\/2020\/06\/15\/stashaway-simple-review\/\" target=\"_blank\" rel=\"noopener noreferrer\">StashAway Simple<\/a> is a financial product with a unique value proposition<\/figcaption><\/figure>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Bond_Funds\"><\/span><span class=\"font-555555\"><strong>3.<\/strong> <strong>Bond Funds<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Bond Funds are mutual funds that mainly invest in bonds (okay haha what am I doing here).\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Essentially, when we invest in a bond fund, the money collected from investors will be pooled together to buy various bonds (ie. debts from governments and corporations) with different yields &amp; maturities.\u00a0\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Unlike Money Market Fund where the unit price is typically fixed, the value of Bond Fund units generally fluctuates <em>inversely <\/em>with interest rate.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>In short, this means that the lower the interest rate, the higher the value of the bonds invested in a Bond Fund, which may lead to an increase in the value of the Bond Fund.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">However, the opposite can also be true, where an increase in interest rate (which will definitely happen in the future) will lead to a drop in the value of bonds.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Return: Around 3-8%\/annum, depending on the type of Bond Fund you invest in.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>How to buy:<\/strong> <a href=\"https:\/\/www.fundsupermart.com.my\/fsmone\/funds\/fund-info\/fund-selector\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Fund SuperMart (FSM)<\/a><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Under FSM\u2019s fund selector, select <strong>\u2018Fixed Income\u2019<\/strong> under Assets Class. Then, if you want to filter your selections further, <strong>tick \u2018Recommended Funds Only\u2019<\/strong> and <strong>click \u2018Generate Funds Table\u2019<\/strong>.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">You\u2019ll see a list of FSM\u2019s recommended fixed income Bond and Sukuk Funds, and you can dive deeper into the particulars of the funds.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><em><span class=\"font-500830\">Note: Let me know in the comment section below if you want me to write more about Bond Funds!\u00a0<\/span><\/em><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\" style=\"text-align: center;\">\r\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" class=\"wp-image-69163 aligncenter\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/fsm-selector-screenshot-1024x708.jpg\" alt=\"\" width=\"968\" height=\"669\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/fsm-selector-screenshot-1024x708.jpg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/fsm-selector-screenshot-300x207.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/fsm-selector-screenshot-768x531.jpg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/fsm-selector-screenshot.jpg 1397w\" sizes=\"(max-width: 968px) 100vw, 968px\" \/>\r\n<figcaption><a href=\"https:\/\/www.fundsupermart.com.my\/fsmone\/funds\/fund-info\/fund-selector\/\" target=\"_blank\" rel=\"noopener noreferrer\">FSM Fund Selector<\/a><\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n<p><span class=\"font-555555\"><strong>Pros:\u00a0<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ Lower interest rate generally increases the value of bonds within a Bond Fund.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Cons:<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8211; The opposite of pros can also be true.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8211; Higher min. investment of RM1,000 for most bond funds.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8211; Typical management &amp; trustee fees apply.<\/span><\/p>\r\n\r\n\r\n\r\n<p><em><span class=\"font-500830\"><strong>p.s. In terms of risk, Money Market Funds are considered to be less risky compared to Bond Funds, but it also offers a lower yield in return.<\/strong><\/span><\/em><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Low_to_Medium_Risk_Portfolio_on_Robo-Advisors_eg_StashAway_Wahed_MyTheo\"><\/span><span class=\"font-555555\"><strong>4.<\/strong> <strong>Low to Medium Risk Portfolio on Robo-Advisors (eg. <span style=\"color: #0cb4ce;\"><a style=\"color: #0cb4ce;\" href=\"https:\/\/nomoneylah.com\/2020\/02\/11\/stashaway-review-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">StashAway<\/a><\/span>, <span style=\"color: #0cb4ce;\"><a style=\"color: #0cb4ce;\" href=\"https:\/\/nomoneylah.com\/2020\/02\/21\/wahed-review-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">Wahed<\/a><\/span>, <span style=\"color: #0cb4ce;\"><a style=\"color: #0cb4ce;\" href=\"https:\/\/www.mytheo.my\/mytheoweb\/reg\/CHINYXWD49\" target=\"_blank\" rel=\"noopener noreferrer\">MyTheo<\/a><\/span>)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">If you are looking for something more diverse, putting your money in <strong>low to medium risk portfolio on <a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2021\/04\/02\/stashaway-review\/\">Robo-Advisor<\/a><\/strong> platforms like <a href=\"https:\/\/nomoneylah.com\/2020\/02\/11\/stashaway-review-2020\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">StashAway<\/a>, <a href=\"https:\/\/nomoneylah.com\/2020\/02\/21\/wahed-review-2020\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Wahed <\/a>or <span style=\"color: #0cb4ce;\"><a style=\"color: #0cb4ce;\" href=\"https:\/\/www.mytheo.my\/mytheoweb\/reg\/CHINYXWD49\" target=\"_blank\" rel=\"noopener noreferrer\">MyTheo<\/a> <\/span>may be a good option.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Typically, in a low to medium risk portfolio, robo-advisor platforms will allocate the majority of the funds towards bonds and money market instruments, alongside a minimal allocation to equities and commodities.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>In short, a low to medium risk robo-advisor portfolio will give you a good bond-focused allocation, with a dose of exposure to asset classes like equities and commodities.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Pros:\u00a0<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ Potentially higher returns due to exposure to the equity market.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ Low barrier of entry<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">+ No lock-in period (deposit &amp; withdraw anytime)<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-555555\"><strong>Cons:<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8211; Potentially higher volatility and risk due to exposure to the equity market.<\/span><\/p>\r\n\r\n\r\n\r\n<figure id=\"attachment_69165\" aria-describedby=\"caption-attachment-69165\" style=\"width: 887px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/sa-WAHED-ALLOCATION.jpg\"><img decoding=\"async\" class=\"wp-image-69165\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/sa-WAHED-ALLOCATION.jpg\" alt=\"\" width=\"887\" height=\"790\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/sa-WAHED-ALLOCATION.jpg 1223w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/sa-WAHED-ALLOCATION-300x267.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/sa-WAHED-ALLOCATION-1024x912.jpg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/sa-WAHED-ALLOCATION-768x684.jpg 768w\" sizes=\"(max-width: 887px) 100vw, 887px\" \/><\/a><figcaption id=\"caption-attachment-69165\" class=\"wp-caption-text\">Robo-Advisor platforms having a healthy weightage of government, corporate bonds, and money market instruments in their low to medium risk portfolio.<\/figcaption><\/figure>\r\n<p><em><span class=\"font-500830\">p.s. Use my: <a href=\"https:\/\/www.stashaway.my\/ref\/no-money-lah-DQgMBA0JCw4FCgAEBA4ICA\" target=\"_blank\" rel=\"noopener noreferrer\">StashAway Referral Code<\/a> and get 50% off your management fees for 6 months, <a href=\"https:\/\/app.wahedinvest.com\/referral\" target=\"_blank\" rel=\"noopener noreferrer\">Wahed Referral Code<\/a> (Code: YIXCHI1) and get RM10 bonus fund and <a href=\"https:\/\/www.mytheo.my\/mytheoweb\/reg\/CHINYXWD49\" target=\"_blank\" rel=\"noopener noreferrer\">MyTheo Referral Code<\/a> and get 100% off your management fees for 3 months!<\/span><\/em><\/p>\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"But_hey_What_About_Amanah_Saham_Fixed_Price_Funds\"><\/span><span class=\"font-555555\"><strong>But hey, What About Amanah Saham Fixed Price Funds?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Now, some of you may have <a href=\"https:\/\/nomoneylah.com\/2019\/06\/10\/asnb-p1\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Amanah Saham Fixed Price Funds<\/a> in mind, but there is ONE key reason why I\u2019ll not include them in this discussion:\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<h4 class=\"wp-block-heading\"><span class=\"font-555555\"><u><strong>Reason: High exposure to equities (risky asset class)<\/strong><\/u><\/span><\/h4>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">One of the criteria that I mentioned earlier in this article is that the options must have the majority of its exposure in low-risk assets.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">As such, <a href=\"https:\/\/nomoneylah.com\/2019\/06\/10\/asnb-p1\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Amanah Saham Fixed Price Funds<\/a> (ASB, ASB2, ASB3, ASM, ASM2, ASM3) <u>do not<\/u> fulfill the criteria as the <strong>majority of these funds are parked with equities<\/strong>.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">This simply means that the actual risk involved while putting our money in ASB is actually higher and hence in my opinion NOT a suitable choice for wealth preservation purposes.<\/span><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\" style=\"text-align: center;\">\r\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"883\" height=\"775\" class=\"wp-image-69162 aligncenter\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/asb2-asset-allocation.jpg\" alt=\"\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/asb2-asset-allocation.jpg 883w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/asb2-asset-allocation-300x263.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/asb2-asset-allocation-768x674.jpg 768w\" sizes=\"(max-width: 883px) 100vw, 883px\" \/>\r\n<figcaption>Asset Allocation of ASB2 (Source: <a href=\"https:\/\/www.asnb.com.my\/pdf\/produk\/ANNUALREPORT\/2020\/June\/ASB2.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">ASB2 Annual Report<\/a>)<\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"No_Money_Lahs_Verdict_Explore_Your_Options_in_this_Low-Interest_Rate_Environment\"><\/span><span class=\"font-555555\"><strong>No Money Lah\u2019s Verdict: Explore Your Options in this Low-Interest Rate Environment<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">With the low interest rate environment that we are living in right now, it is crucial for us to explore alternatives beyond FD to preserve the value of our hard-earned money.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Be it for emergency or savings, I think the options mentioned in this article will be suitable for most people to get started.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Have you start placing your money with any of the options mentioned above? Did I forget to mention any other options in this article?<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Let me know in the comment section below \u2013 can\u2019t wait to hear from you!\u00a0<\/span><\/p>\r\n<hr \/>\r\n<p><span class=\"font-555555\"><strong>Disclaimer: This article is produced for informational purposes only and SHOULD NOT be viewed as a buy\/sell advice. Please seek financial professionals before making a financial decision.<\/strong><\/span><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Since the Covid-19 pandemic started earlier this year, central banks across the world have been lowering interest rate in hope [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69174,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[341,18],"tags":[225,235,237,330,348,204,209,222],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.5 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 BETTER Ways to Save Money in a Low Interest Rate Environment! (detailed comparison) - No Money Lah<\/title>\n<meta name=\"description\" content=\"What I intend to achieve is to share what I think are suitable alternatives to FD for most people to place their money in a low interest rate environment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 BETTER Ways to Save Money in a Low Interest Rate Environment! (detailed comparison)\" \/>\n<meta property=\"og:description\" content=\"What I intend to achieve is to share what I think are suitable alternatives to FD for most people to place their money in a low interest rate environment.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/\" \/>\n<meta property=\"og:site_name\" content=\"No Money Lah\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-09T05:37:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-02T05:07:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/07\/save-money-cover-photo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"933\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Chin Yi Xuan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chin Yi Xuan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/07\/09\/save-money\/\"},\"author\":{\"name\":\"Chin Yi Xuan\",\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\"},\"headline\":\"4 BETTER Ways to Save Money in a Low Interest Rate Environment! 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