My Investment Journey: Unveiling Net Worth & Secrets to Success! #3rd Month Update - DausDK

TL;DR

A comprehensive analysis of the speaker's investments in unit trusts, shares, P2P lending, and cryptocurrencies, discussing profits and losses, fees, and potential gains.

Transcript

Hey guys, welcome to the DAUSDK channel In this video, I will share my net worth when I invest in unit trusts like Stashaway and Wahed-Invest and then I invest shares in Moomoo then I become a P2P lender at Funding Society and finally once I invested in Bitcoin and also the top 10 cryptos on the Binance platform So those are all different asset cat... Read More

Key Insights

• 🎛️ Different investment platforms offer varying levels of control and passive options.
• 🔊 The speaker highlighted the importance of timing and researching stocks when investing in individual equities.
• *️⃣ P2P lending can provide higher returns but comes with the risk of borrowers defaulting on repayment.
• ❓ Bitcoin and cryptocurrencies can yield significant profits, but market volatility should be considered.
• 🥹 Gratitude and realistic expectations are essential aspects of investment success.
• 🔊 The speaker mentioned the potential impact of AI advancements on stocks like Nvidia.
• ❓ Consideration of sharia compliance is essential for some investment options.

Questions & Answers

Q: How did the speaker's investment in Wahed Invest perform?

The speaker invested approximately RM17,400 in Wahed Invest, experiencing a loss of RM46. The platform provided a passive investing approach, but limited control over investment decisions.

Q: What assets did the speaker invest in through Stashaway?

The speaker invested in the S&P500 through Stashaway, which showed a profit of RM54 after investing from July to March. Stashaway offers a portfolio of assets and aims to replicate historical returns.

Q: How did the speaker make a profit on Moomoo?

The speaker used Moomoo to invest in stocks, such as Nvidia, which resulted in a profit of $53. Moomoo allows for individual stock selection and the speaker highlighted the importance of timing and identifying potential gains.

Q: What is P2P lending and how did the speaker fare in Funding Society?

P2P lending involves loaning money to individuals or businesses. The speaker mentioned that while there is a risk of losing money if borrowers cannot repay, Funding Society provided a return of approximately 12.81% annually.

Q: How did the speaker's investment in Bitcoin perform?

The speaker's investment in Bitcoin resulted in a profit of approximately $713, or 19%, within 14 months. The speaker emphasized the need for gratitude and compared the profits to other investment options.

Key Insights:

• Different investment platforms offer varying levels of control and passive options.
• The speaker highlighted the importance of timing and researching stocks when investing in individual equities.
• P2P lending can provide higher returns but comes with the risk of borrowers defaulting on repayment.
• Bitcoin and cryptocurrencies can yield significant profits, but market volatility should be considered.
• Gratitude and realistic expectations are essential aspects of investment success.
• The speaker mentioned the potential impact of AI advancements on stocks like Nvidia.
• Consideration of sharia compliance is essential for some investment options.
• Diversification across different asset categories can reduce risk and enhance overall portfolio performance.

Summary & Key Takeaways

• The speaker invested in unit trusts, such as Wahed Invest and Stashaway, as well as shares in Moomoo, and became a P2P lender at Funding Society.

• Profits and losses varied across different investments, with some platforms offering passive investing options and others allowing for more control and individual stock selection.

• Bitcoin and the top 10 cryptocurrencies on Binance were also included in the investment portfolio.