I think most people here are quite financially literate, so I want to ask what you are doing to protect yourself from inflation and currency devaluation. Are you actively managing your portfolio and looking for higher return products or investing in the traditional way?
Most people will probably suggest EPF, ASB, or money market funds, but the truth is these instruments more or less just keep you on par with inflation and maintain your purchasing power locally. On top of that, you cannot control or predict what the government will do with its policies, whether it is how they manage the ringgit, fiscal spending, or other decisions that directly affect your money. Currency devaluation is also a real issue. Over the past 20 years the ringgit has weakened quite a bit against the US dollar. At its worst point in early 2024 it had dropped roughly 25% from its post-2010 level, though it has recovered to around RM3.97 per USD as of 2026.
If you only buy local products and factor in food inflation, the traditional approach is probably good enough to get by. But if you want some comfort in life, whether that is travelling, buying imported gadgets, or paying for overseas services, your ringgit gets you a lot less than it did ten years ago.
So what are you doing beyond the usual financial advice to actually get ahead? Things like high growth AI stocks, crypto, gold, or other assets that can give you outsized returns.