RinggitOhRinggit and Her Duit on their best and worst investments, plus tips to start investing


By Natalie Khoo

RinggitOhRinggit and Her Duit on their best and worst investments, plus tips to start investing

Although the list of the world’s richest investors today are dominated by men (the likes of Warren Buffet, Timothy Sykes, and George Soros), multiple studies by Fidelity Investments and Emerging Affluent Study suggest that women generally outperform men when it comes to investing.

The statistics show that women earn roughly one per cent more on investments compared to men, despite learning 20 per cent less, on average. These studies also found that women are less impulsive investors and more disciplined savers than men, which contribute to their higher investment returns.

With that said, we spoke to two renowned Malaysian female investors and personal finance writers to learn more about their best and worst investments, as well as tips for newbies (no matter your gender) to start your investment journey.

Get to know them and their take on investment ahead:

Suraya Zainudin of Ringgit Oh Ringgit

Suraya is a writer, speaker, and founder of personal finance website, one of the leading blogs on all things money-related in Malaysia. She also curates a book series called Money Stories from Malaysians.

Website | Facebook | Instagram | Twitter

Michelle Chin of Her Duit

After working in the tech industry with a background in mathematics and statistics from university, Michelle developed a natural affinity towards personal finance and launched Her Duit as a platform to share her journey. She is also the co-founder of digital pet health insurance startup Oyen, which launched in April this year.

Facebook | Instagram | Spotify | Apple Podcasts

BURO: Tell us how you started your investment journey.

Suraya: My investment journey started with EPF, even though I didn’t realise I was investing for my retirement at the time. All I knew was the deductions were mandatory so I didn’t question it. It was only in my mid-20s that I realised what a great system it was—not all countries have this in place.

If you don’t count EPF, then my ‘first’ investment was Amanah Saham Bumiputera, which I leveraged with ASB financing. Soon after that, I got sucked into gold investment. It was hard not to—the ‘gold rush’ in the early 2010s was all everybody talked about. I was lucky to have sold most of my gold before it dropped spectacularly. That was the time I learned the difference between investing (long-term mindset) and trading (short-term buy and sell).

Michelle: My investment journey is an unusual one! I was taught that fixed deposits are the safest place to store your money (it is safe but it is not an investment!) so that was what I did for the longest time. When I was 24, I was introduced to blockchain and the world of cryptocurrency, so I leaped from fixed deposits into buying crypto, bypassing everything in between.


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A post shared by Michelle | Women & Money (@her.duit)

BURO: When did you start taking investment seriously and what was your game plan at the time?

Suraya: I started taking investments more seriously as I earned and save more money, and looked for ways to grow them. In addition, I also enjoy researching and writing about my investments on, where I get additional tips and feedback from my audience, so that’s cool.

Currently, I am invested in ASB, Gold, Private Retirement Scheme-specific Unit Trust, P2P financing, ETFs (bought directly and via robo-advisory platforms) and cryptocurrencies.

Michelle: After crypto, I started investing passively into ETFs but I really started investing more seriously and with a more solid game plan right before the pandemic. My side hustle income was consistent and a pretty good sum, and my salary was also growing—so instead of spending more of it on travelling and shopping, I thought I should pour more money into investing instead.

My plan was to learn all the different types of asset classes, learn about different investment platforms so that I can make an informed decision about what type of investments suited my style, time horizon, risk level, and retirement goal the best.

BURO: What is your “why” when it comes to investing? Has it changed over the years?

Suraya: My first ‘why’ is probably the same as everyone else’s ‘why’—I simply want more money. However, I’ve since realised that money means different things for different people. For some, money represents status; for others, power. For me, money is primarily security. The world is so hostile to women but I refuse to live my life in fear so the way I see it, having money can defend me in most risky situations.

Nowadays, my ‘why’ is more nuanced. It’s a great tool for defence, but also a source of personal growth. I enjoy learning how to grow my wealth, and learning how to use mindfully spend it for happiness (I used to find it hard to spend money).


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A post shared by Suraya Zainudin (@surayaror)

Michelle: My long-term investing plan has always been about financial independence. I knew I had to invest for the long-term and for retirement. But it was only after I was more exposed to personal finance that I found that I could actually be financially independent by 38/39 without having to work anymore. I wasn’t aware of the FI/RE (financial independence, retire early) movement until I started learning more about personal finance. And I’ve never thought that it was possible to ‘retire’ well before 65 years old.

My ‘why’ today is skewed towards FI/RE more but still balancing living a life instead of being extremely frugal. It’s about making sure that the decisions I make about money today makes me feel good today and 10, 20, 30, 40 and 50 years from now.


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A post shared by Michelle | Women & Money (@her.duit)

BURO: What is the best investment advice you’ve ever received?

Suraya: The best advice is that there is no single ‘best’ investment (or financial) advice; everything is contextual. Experts contradict each other all the time, so stop looking for ‘that one tip’. The best I can offer here is all financial advice boi

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