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Just sharing a comment from my viewer who is working in the railway industry in Malaysia.
Disclaimer: Comment below shall not represent my viewpoint on this matter.
⚠️STOP paying so much tax ‼️
Not understanding the tax relief categories = high chance you're overpaying them.
Here's a guide with all the tips and tricks to pay less tax this year - and you're welcome!
My friends, the tax season is HERE 💸
You now have less than 90 days to file your income tax to LHDN!
Deadlines:
- Borang BE (individual): 30 April 2023
- Borang B (individual with business): 30 June 2023
Why spend 20 times more for Unit Trusts, when you can get the same thing with ETFs for lesser fees?
Do yourself a favor and stop paying that exorbitant fee to UT agents anymore.
Explanation 🧵 (1/10)
Malaysians complain about the country's lacklustre politics and depreciating MYR (against USD)
Yet, the same Malaysian:
- Don't vote in GE
- Stores cash in MYR
- Fixed deposits in MYR
- "Invest" in MYR Unit Trust
- Says USD is expensive now
I've been on a mission to find the best multi-currency account in Malaysia, and the results are in! 🕵️♂️💱
Check out this comparison chart and my brief conclusion
Moomoo is shaking up the entire investment landscape in Malaysia!
I'm currently at their launch event, super excited. A full review of Moomoo as a stock broker is on its way, but first, here's a quick overview:
1/ Employees can now apply to work on a flexible basis, starting from 1 Sept.
Application must include changes in:
- working hours
- working days
- location of work
Employers must reply within 60 days (agree/reject with reasons).
Here’s why I think this policy WILL fail (A🧵)
Your first step to managing your money is to identify your goals.
Goals can include: saving for a car, wedding, RM 300 per month, or buying your first stock.
Then calculate how much money you’ll need to allocate each month to achieve that goal.
Or use this 50/30/20 rule 👇
Heard this talk just now—
🤷♂️ : My pay RM5k is not enough
👩🦰 : Try job hunt?
🤷♂️ : Go anywhere also same pay
👩🦰 : Do part time?
🤷♂️ : Come back from work already so tired, no energy to work
👩🦰 : Do your own business?
🤷♂️ : No money how to do business?
And the loop goes on.
How I got RM 189.26 of cash back in 4 months, and how you can easily do it too (Super Easy!)💰:
✅December: RM 32.47
✅January: RM 51.22
✅February: RM 48.29
✅March: RM 57.28
A short 🧵
20 advice I wish someone told me earlier:
1. Track my finances
2. Listen to podcasts/audiobooks
3. Get a credit card
4. Invest min.10% of monthly income into assets
5. Invest at least 2 hrs/day into learning a skill
(con.t)
If you are a Malaysian 🇲🇾 who invests in US stocks, here’s a breakdown of the 3 taxes you should be aware of 👇
1️⃣ Withholding Tax (Dividend Tax)
When you receive dividends, the US takes a cut before it reaches you.
3/ Subsidies for bottled cooking oil will be removed from 30th June.
Subsidy for cooking oil in 1 kg polybags which are sold at RM2.50 would not be affected.
Twitter is a free university.
In fact, I learned 10x more about finance and investing here more than anywhere else.
🧵Here's a compilation of 5 timeless threads on investing:
Thanks for reading up to this point.
If you found this 🧵 helpful, I'd be delighted if you can retweet/share & like to help it reach out to more people.
Have a great day!
Ok everyone - your long awaited IBKR-Wise tutorial is HERE! 😁
Investing in the US market has never been easier - like really.
And here's a sneak peek on the cost involved for each transfer 👀
4 tips to negotiate a better salary + benefits package (based on my own experience)
1��⃣ Check out salary benchmarks to know where you stand
Get the ranges from websites like Glassdoor, Payscale, Jobstore Malaysia etc.
6/ Property prices likely to increase by 5%-20% by year-end
(though take this with a pinch of salt, sometimes “expectation” may be biased for certain reasons)
I want to share how it's very, very easy to start a side hustle, provided you are willing to put the work and hours.
If you've tried and failed, or fear to start, I hope this inspires you!
(A🧵)
Running a 6-figure annual EBITDA business (on top of a full-time job) is something that I can only dream of before, but it hasn’t come easy.
I’m currently working with a team of 6 and have learnt A LOT from my business.
Here are 7 of them:
I have an EXCITING news to share!! You can now transfer funds directly from your Wise account to Interactive Brokers.
Buying stocks on IBKR would be easier now since foreign accounts and foreign telegraphic transfers are no longer needed.
"Which stock should I invest in? There are so many out there!” 🥹
I felt the same when I first started - overwhelmed with choices yet afraid of making the wrong move - it’s money after all.
Here are 3 ways I got started with 👇
Shopee Affiliate Programme - got ~RM 3.40 for a RM 550 affiliate conversion.
That's a mere 0.6% commission.
Is this normal, or am I missing out anything?
How do people even make a living out of this?
Volume play with cheaper products?🤔
Investing won’t make you RICH.
Not in the short term.
It's just like how exercising a few times won't make you fit instantly🏃
Sounds strange, but here are 3 truths you should know 🧵
You got your FIRST ever credit card - congrats! 🥳 💳
Here are some of the ways you can use it to improve your credit score (for better housing/ car loan rates):
2022 has been a bittersweet year for me - both for my investment portfolio as well as my personal finance journey.
🧵Here are 8 money & investing lessons that I’ve learnt in the year, condensed:
Ready to invest in some US Stocks? 🇺🇸
Your first step is to sign up for an online broker.
Jokes on me for paying USD 25 per trade to a broker back then 🫠
Hurts to even think about it... 😭
Not with Interactive Brokers - only USD 0.35/ trade now!
- Invested in TSLA since 2020 when Malaysians don't even know the US stock market was investible from Malaysia
- Educated and inspired >10,000s of Malaysians to invest in/aware of the company
- Made multiple YouTube videos/podcasts covering TSLA from company analysis to updates…
Dah time bayar cukai! 🥲💸
Anda kini ada <90 hari untuk failkan cukai pendapatan 2022 kepada LHDN.
⚠️ 2 deadline penting:
- Borang BE (individu): 30 April 2023
- Borang B (individu dengan perniagaan): 30 Jun 2023
(6/10)
How to invest in ETFs? Very simple.
1. Register for a brokerage account.
2. Deposit money into your account.
3. Choose your desired ETFs, start buying/selling.
That's it, it's much simpler than you think.
Malaysians can start with this video:
If you're hurt by the stock market, go do something more productive, learn something new, increase your earning power, whatever.
The last thing on your list should be looking at stock tickers on your phone.
Everyone is talking about ChatGPT.
Yet 90% of you are not leveraging it.
🧵Here are 5 threads covering how you can level up your content, SEO and overall productivity with it:
You want to invest, but you don't want to invest all your money in one stock.
Or you are interested in the an industry, but don’t know which particular stock to focus on 🤯
And this is why ETFs exist!
Making money online has always been something fascinating to me.
Today, I’m doing it while spreading financial literacy through my YouTube channel (now 34K+ subscribers).
These are the 3 key skills I never regret learning:
I applied for the Citi Cashback Mastercard back in November 2022, and just only received this card in March
Can check it out here if you are interested 👉🏻
Me at the counter to exchange some Yen for my past Japan's trip lollll
After going through 8 different exchangers, and I think I found the best money exchanger at Mid Valley!
Starlink is now available in Malaysia! 🇲🇾 And you can now place orders for it (ETA shipping time 1-2 weeks).
But what is Starlink all about actually…?
More below 👇
This was my first rental room back in 2018, small, crappy, but I have zero regret! It was RM 600 per month back then, here's why I think it was a good choice
1/ Growing up in a lower-mid income family, "luxury" brands were the furthest things I could relate to.
But today, we live in a superficial world where materialistic things blind our sight before us, and that can't be further from the truth. (cont.)
(1/5) Apple is pricing its latest products to be sold in Malaysia at an exchange rate of RM 5,499/USD1,199 = RM 4.59/USD
(referring to the latest Macbook Air with M2 chip that starts at $1,199)
Should ASB be the only place to put your money in 2023? 🤔
ASB aka Amanah Saham Bumiputera is a popular unit trust fund for all Malaysian Bumiputeras.
While it’s a great investment choice, noticed that the dividend payout is actually on a downtrend in the recent years.
Ok imagine you want to buy a stock, and you want to know how many people are interested in buying/ selling it and at what price.
That’s what having Level 2 data is all about! 😎
Aiming for FIRE (Financial Independence, Retire Early)?
While I understand the appeal, this movement is not for everyone.
Not for me, at least.
My thoughts on what FIRE really means and if you should do it:
Ali, Abu & Ah Meng want to be rich.
🧑💼 Ali worked 9-7 to climb corporate ladder
👨🍳 Abu started his bakery to sell roti
🧑🎓 Ah Meng studied hard to be professor one day
Who will be the richest?
.
.
Ans: Abu because he has a rich dad🤪
(just for fun pls don’t hate me😂)
Passed by a young couple by roadside —
👩🦰: Order Grabcar je lah
💁: They charge so expensive, cannot let them win
👩🦰: Then what we do?
💁: Wait first, later price goes down
👩🦰: Don’t waste time aduh
I saw different values in time & money.
What did you see?
Here are 5 key dates every Malaysian 🇲🇾 who invests in US stocks should know:
1️⃣ FOMC Meetings (x8 per year)
2️⃣ Jobs Report (Monthly)
3️⃣ GDP (Monthly)
4️⃣ CPI & PPI (Monthly)
5️⃣ PMI (Monthly)
A breakdown of what each date means 👇
.
@moomoosingapore
is HERE in Malaysia! 🇲🇾
And this makes them the 5th stock broker that is licensed by
@SecComMalaysia
to offer US stock market trading!
Malaysians now has more options to invest in US stocks and ETFs like Apple, Tesla, Google, and S&P 500!
Top hacks to improve your overall well-being:
🔸Sleep 7h+
🔸Read 30 mins/day
🔸Celebrate small wins daily
🔸Walk at least 8,000 steps/day
🔸Lift weights - at least twice/week
🔸Limit doom scrolling to <15 mins/day
🔸Set objective for everything you’re trying
🔸Practice gratitude…
"What should I invest in?"
I think that's one of the worst questions one could ask.
It's like asking: "Which shirt should I wear today?"
Without considering the occasion, personal style or weather.
🧵Here are 3 questions I wished I asked myself before investing in anything:
Normalize having hybrid/flexible workforce arrangement to accommodate WFH wherever possible, or risk getting obsolete in today's day and age.
You're not digitizing your business in 2022 by just learning how to use Zoom/Meet/Teams.
One of the ways to stay invested = DCA
Have a set amount of money you can invest regularly (e.g. monthly or quarterly).
When the price is low = you buy more shares; price is high = buy lesser shares.
That way, no stress about what price to buy as well!
The early years of investing are painful.
You feel like an idiot 99% of the time - lost, intimidated and overwhelmed.
And god forbid, FOMO.
But that's just a result of not understanding investing.
Here are 3 things I have done over the years to improve my investing skills🧵
Tesla is OFFICIALLY in Malaysia 🇲🇾
Feels surreal to see the actual car (even though we’ve seen a lot of it online) 🤯
We’ve been talking about TSLA stock since…forever?
Watching people's reaction to the cars gives you even more confidence in the company.
Was thinking about better ways to keep emergency funds. And guess what? Found a gem! Better interest than typical savings accounts and way more liquid than FDs.
The more tier 3 knowledge you have, the better you can understand tier 2 knowledge, and the better you can understand tier 1 knowledge.
Knowledge compounds, don't stop learning!
Are you planning to invest in US stocks or ETFs? 🇺🇸
Don't forget about the taxes that come with them! Understanding them can definitely hep you maximise your returns in the long run.
I have a quick vid guide for you here: