r/MalaysianPF

Hi all, I am 24yrs old and currently working with 3k salary.
I bought 90k of ASNB and I just discovered ETF, so I bought 10k of SnP500.
I feels like I should starting to take more risk by allocate ASNB money to ETF.
So I am wondering whether I should buy more SnP500 or invest other ETF?
I am looking for long term growth so rugi for 1 year is totally fine with me.
Thank you for your time

GG

I am currently a 19 year old college student, interested in pursuing a degree in finance and hope to be an investment banker one day. I get an allowance of 800 per month. What are some financial tips you could give to me? Maybe any tips you wished you knew when you were 19? Thanks

I work a typical 9-5 office job (GLC) and my employer prohibits me from formally working another job even outside my 9-5. Is there a way to workaround this so i don’t get myself into trouble?

Is freelancing/working under the table (cash payment) the only way to do it? What are some examples if you know any?

Can anyone advise?

Hello everyone. I hold USD in a Malaysian bank with multi currency account. I want to invest directly in UCITS ETF that trades in USD (VWRA, VUAA, VT etc) . So I am looking for the lowest cost approach, specifically a platform that will allow me to transfer USD directly from my USD bank account (ideally bypassing any FX spread).

I gathered that this is not possible in Moomoo. IBKR seems to allow it, can anyone confirm this? Other suggestions are welcome.

as a manager or senior, would you get annoyed when a fresh grad dm ing you on linkedin asking if theres a vacancy in your team? i really want to get into my dream role and they never open up like ever since i graduated up until now theres never a job opening on the roles i want so im thinking maybe they get in by mouth to mouth or connections. the role i want is in the upstream oil and gas. (im an engineer)

Hi guys,

I (25M), non-bumi, currently have around RM3K left over from salary every month after expenses. No debt or commitments, single, and already have around 12 months emergency fund saved up. Also no plans for any major commitment anytime soon, so I can afford to take a bit more risk while Im still young.

I am looking more towards medium to long term investing, and Im okay with medium to high risk investments. That said, I also dont really want to actively trade or watch my portfolio everyday.

Now Im wondering whether I should keep things simple and put everything into VOO every month, or split it across different things like stocks, crypto, gold, EFP etc.

How would you allocate the 3K monthly?

i have started to DCA into VWRA

- registered my own account under my name

- setup RSP of rm200 monthly (won't be any misses, i am fully in)

Is this a good idea for the long-term?

- target aim: 5-10 years (5 years on checkup, 10 years if it's really good or great) i will check on daily, won't hesitate or rush to withdraw if it drops or stays. i will do so in 5 years time. I believe it is a slow game.

i have tried out everything. versa, wahed, etc but these have expensives fees and will eat up eventually is what others have said.

My question now is:

- when i sell my fractional shares that i bought from the rsp programme, will there be any disadvantages or fees or losing values?

- is it better to stick to 1 etfs or multiple etfs and apply rsp for them? (have read that it isn't a good idea, but i was thinking both fsmone and moomoo rsp but not certain)

I understand that fsmone will charge when rsp via conversion which im totally fine with

Just thinking that if FSMone no longer has the 0% rsp fee promotion I want to withdraw all lol but let's hope that won't happen or if the company goes bankrupt

in regards to moomoo,i find it very confusing to use the app overall. Some say that it's a "trading" app and that fsmone is a long term investment app. if i want to own 1 share, then i must follow the market price, is that correct? if lets say $HLAL is at $70USD right now then id have to make a deposit of RM275 just to own 1 share (not fractional)? I'm not really a fan of the UI and a bunch of other crappy stuff that they're throwing at my face but that's about it really

Thanks a lot you guys

I just turned 17 and got 1k as a birthday present from my father. What is the best place to put this money in? So far I only know Maybank ASNB for teens. Are there better options? Im actually interested in trading stocks as well but I need to have a good knowledge foundation too haha so maybe next year I'll go for that. I have no financial commitment and steady allowance flow each month. Just need to do something with this extra 1k instead of letting it sit in my tabung!!!

Been seeing a lot of finance gurus online saying if you work a 9-5 job, chances are you will work your whole life. They always say the only real way to achieve financial freedom early is to start a business.

I get the logic since business income can scale faster than salary, but it also comes with alot of risk.

What I noticed is nobody really talks about the dark side of owning a business. Online it's always success stories and be your own boss content. Hardly anyone talks about failed businesses, losing money, debt, burnout, and years of struggle.

Is business really the best/only path to financial freedom, or can people still get there through a normal job?

Would appreciate any honest stories from business owners here.

Hye guys, I am 22M, bumi, with zero debt and commitment, trying to invest and grow my money. I recently got RM1000 to spare from JPA scholarship and would like to ask you guys for advice in this matter.

For starters, I was thinking on puttting my money in TnG GO+ and I've also read that some people's account was locked and they lost their money. What do you guys think about this? I was thinking RM500 in TnG GO+ and RM500 in ASNB. Some people encourage me to buy gold as the price is skyrocketing. I'm still unsure after all the search I've made that's why I would like to hear what you guys think about.

I hope you guys can help me regarding this matter.

Thank you semua!

My budget is RM400 monthly.

1. RSP VWRA for RM400 (balanced, no brainer)

2. RSP VWRA for RM200, VUAA for RM200 (RM400 total)

3. RSP VUAA for RM400 (not recommended because of tech)

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Now I know that Wahed is making profits off of you.

They charge their "robo" and platform fee to do your dirty work of trading.

Let's not forget that the ETFs that they're investing in ALSO have fees.

So Wahed platform fee + ETF fee = nightmare

When buying your own ETF, you'd only have to deal with a management fee, which all ETFs have so you can't really escape. The % depends on how you think of that ETF and your risk appetite. If you think it's worth it in the long shot, then go for it.

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I'm struggling to choose between VWRA and VUAA. VWRA is balanced, not only in the US but also in Japan and many other countries. VUAA on the other hand is focused on tech. This all sounds very confusing to me.

I might have to deduct RM400 to RM200 every month due to my expenses.

What I meant is, I can do RM400 for 5 months. The other 7 months I might need to shimmer down to RM200 at the lowest so I'll need to edit FSMOne's RSP plan.

Also, this probably sounds bad but if you want to average out the purchase price you'd have to do it multiple times in a month. But remember that there is a stamp fee for every purchase you make.

<RM1000 = RM1, >RM1000 = RM2 and so forth

If you were to purchase 4 times in a month (1st, 8th, 15th, 22nd) then it will cost you RM4 but you'd be able to even out the price if it drops. However, if you RSP RM400 for one month it'll only be RM1. Yes, such a little deal and it's not much but think of it this way: I'd rather use the ASNB app to deposit my ringgits than to use TNG's service and be charged RM1 for using their service EVERY time. 4 months = RM4 (TNG>ASB) or RM16 (RSP) if 4 times every month VS RM1/m (just once).

I am 18 this year with some amount of savings. I've decided that starting to invest early might be a wise decision because of the compounding factor etc.

I will be continuing my studies soon, so probably no income for the next few years but I do get some allowance here and there from scholarships etc. After I did some research I decided to just do the 'VWRA and forget' strategy for now which seems to work pretty well long term. (I have about 200USD in the ETF rn and am planning on adding more soon.)

My question is, if I were to start working in the future, how should my investment plan be/how do I expand my portfolio? Should I just continue with this strategy of just investing in ETFs and maybe invest in specific sectors of ETFs or should I go into investing in stocks etc. Sharing your experience with me/opinions would help me a ton. Thanks!

Curious

*edited* Hey guys, I am so lost with handling my money. I’m in my 20s, chi M, but I’m earning pretty good money because I do sales. I net RM15k a month but may vary. Sometimes higher sometimes lower. Im self employed.

I have 120k in cash, 80k in sole prop, 40k in paypal, 60k Moomoo, 80k versa cash, 20k tng, 10k epf, 30k fixed deposits. my fixed expense is roughly rm6k because of my tuition fees as well.

I also don't have a credit card, because idk what are good ones to apply. I mostly spend on food and travel. Any suggestions?

I have some money set aside for income tax and I put that money in Versa Cash, but I feel like Versa is not giving me really good returns, because it says it is 3.6% but like im getting 3.2%, idk not sure. Because Versa also allows you to withdraw your money in 7 days so…

I also maxed out my TNG cuz of the GO plus... i love this!!

I also invested in some US stocks via Moomoo but I’m just doing the dollar cost averaging. I’ve invested into SPF500, nvdia, Google, etc, but would like some other advices on stocks as well.

I am also not sure what fixed deposits to put because banks are always so promotional and you have to get the updated promotions and how can I do that? I have some in public and CIMB but I think it’s only 3.6pa.

I also do put like RM1.5k monthly into my EPF voluntarily but idk if I should increase this.

I know about ASNM but apparently it's really hard to buy. I only have 3k in here but would like to increase. Anyone knows a way?

I guess I don’t want that much cash in my bank (because of inflation and all) and I don’t know how much to hold it, and I don’t know where to store the money.

My concern right now is I earn good money but I don’t feel comfortable because I don’t know how to manage my money. I also have anxiety that I would not be able to keep up with earning that much in the long term so i try to be careful with my spending.

I am not that risk taker of an investor. I just wanna see my investments going green in the long term. I know stocks are risky but I do believe it will eventually go up. I guess do you guys have any advice? Any financial theories that are good? Maybe I should start buying assets? Not sure… any people that are good at finance or are financial advisors?

I'll start — I once claimed home loan interest relief in the wrong year and got hit with a RM6,000 fine. Another time I assumed hyperthyroid counted as "incurable disease" relief (obviously.... young & stupid 😅). LHDN called me and said nope, fined RM2,000 lagi.

Genuinely asking because I'm building an app to make tax filing easier (like receipts tracking) - still in early stages.

So I want to hear from you - what's your horror story? Doesn't have to be a fine. Could be a relief you found out too late, something confusing you Google every single year, or a close shave with an audit.

Please share your story!

I’m almost 15 weeks pregnant and I’m excited to become a mom. However I am stressed out about finances.

I earn around 5.7k nett while my husband is currently earning 2.5k nett due to a phase of transitioning into a new business which is yet to start running. There’s a huge uncertainty to whether his job will end up paying or not.

After paying off housing loan, car loan, insurance, internet, phone bill, electric water bill, petrol, monthly credit card spendings, maintenance , I’m left with only RM300 monthly and sometimes less. And I try to use that as my monthly to eat. I force myself to save 200 in our joint acc each month but every month my husband is requesting for an extra 500 from that acc to get through the month. So that savings account is quickly depleting as well. (Left only 9k) He also has a car loan, insurance etc that leaves him with almost nothing.

I am trying to brainstorm better ways to earn more money. I regret that right before finding out about the pregnancy, I did spend RM12k on doing Invisalign to fix some teeth misalignment and I will be paying that off until Dec, after the baby comes. I feel cornered and unsure how to get through this year while expecting a growing expense for baby. Should I work part time while I’m still pregnant? It’s very tough to even do my current job (normal 9-5) and I come home with eyes barely open. Changing jobs is not possible. I am pregnant and will not get an offer. Any advice?

Please don’t judge. Life is hard already. I’m just trying to make things work.

Hi guys.

Recently am looking to buy my first property, looking for a subsale.

About the first home benefit that will end at 31 dec 2027, how much actual amount would i actually saved from all the stamp duty exemption? To be elligible, i have to purchase a property 500k or below and first home.

I found a unit with RM540k that seems not bad, maybe i could try nego it down but i dont think the seller would go down to RM500k. If i purchase this, that would mean i dont get the benefit. So im wondering is the benefit really worth it? Should i find other property that is elligible for the benefit? Or should i just go with the current one and ignore the benefit.

Thanks.

EDIT: I googled and asked chatgpt and property agents. The range is from 5k to 11k based on multiple sources. Some agent say as low as 5k, but some agent say around 8k. If there is someone who had bought 500k with stamp duty exemption before can share about the price would be of great help 🙏

I research for months still unsure of how to invest in ETF through Moomoo. so there are many options for etf with different naming but have similarity keyword like SP500 of Nasdaq and etc.

I found some post recommend specific names like Vanguard. and i found ETF are available for different country (currency).

So if plan to invest like 10 years for example, it is better at US currency or MY currency. which one is less troublesome or more profit. My instinct tells me US more profit MY less troublesome huh.

So lets say i invest RM 10K for example ? later then when i want to sell it (take back my money). Is the procedure same as buying shares? Like set a price and quantity and wait for it