55 comments

  • Thanks for providing such a comprehensive article! May I find out more about the global market investment? Understand that we can invest in overseas market if we open a global trading account in Malaysia, but I believe the transaction charges might be higher. Do you recommend to engage an oversea broker (e.g. US brokerage firm) to access US market? If yes, do you know which platform to go to? Thanks!

    • Hi Noelle,

      Thanks for your kind words. I’ve not really compared overseas brokerage firms to local international brokers, as I’ve found the process to be more intimidating than I’m comfortable with. For overseas stuff, I’m really most comfortable with putting my money into Stashaway, and letting them run things…

  • Hi nak tanya pasal p2p. Jika tak keberatan boleh kongsi berapa jumlah pelaburan awal. Setakat JUN 2019 adakah ianya memberi pulangan yang baik dari pelaburan asas.

    Terfikir untuk melabur ke dalam pelaburan yang baru ini. Harap dengan sedikit bantuan dari tuan boleh pergi lebih jauh.

    Apapun terima kasih atas tulisan yang membina.

    • Terima kasih Nizam. Pelaburan awal minimum RM 1,000. Lepas itu pelaburan minimum jadi RM 100.

      Biasanya pulangan antara 10 – 14%. (Tapi tiada “guarantee.” Ada yang untung dan ada yang rugi.) Kalau nak cuba make sure baca website P2P betul-betul dulu supaya selamat. All the best!

  • Hope to read more about Hellogold from you. As I have no background in financing, I can’t go too critically into understanding how well is Hellogold. So far it’s great. I just can’t imagine any drawbacks and that keeps me on edge.

    • Hi Carlena,

      I think Hellogold is great in the sense that it allows convenience — people to buy and store gold easily. The drawback to it is comparatively, the charges are slightly more expensive i.e. you could find cheaper ways of doing it. Of course, there are pros and cons to everything, and it’s great that they provide an option.

  • Thanks for the info. Funny I used to be in the industry and investing or more accurately ‘speculating’ in stock market was very natural. 15 years later…. I am so risk averse it doesn’t makes sense and reading too much makes it worse. Anyways bit by bit.

  • Thanks for this amazingly helpful article. It’s brilliant!

    What would be your advice on investing to hedge against a local economy, like Malaysia, crashing? Diversifying into other global markets? Or am I just being paranoid?

    Thanks!

  • Hi Mr Stingy,

    You my man, are brilliant! Thanks for sharing this out complete with its pros and cons, it takes dedication, passion, and a desire to educate to be able to write what you have written.

    I’m quite a noob myself who’s finally managed to save up some money after a few years of working — looking to make my money go the gym and grow some muscles of their own now. I’m particularly interested in the P2P investing platform as I’ve been exposed to Fundaztic and MFS recently. Will be careful to not put everything into one basket definitely.

    Keep up the good work and thanks for sharing this article. I too, am slowly developing my “stingy” side :p.

    • Thanks Azlan for dropping by and your kind words,

      Hoping the investments work out for you and all the best! Feel free to drop by if you have any questions!

  • Perfect to hear,but can someone invests in a very good business deals here?What kind is the best business deals here.?

    • There’s no such thing as a “best” business deal. Instead, I think everyone should invest in something that’s suitable for him/her.

  • Just to share a concept of brokerage fee, to take advantage of the rates.
    I assume DIY investor start with small amount. Below the figures you need to consider.

    Broker A.
    Online cash upfront rate is 0.1% or RM8 minimum.
    If you buy kacang putih amount total RM3000.
    You pay RM8, which is ~ 0.27%. (if you sell also another 0.27%)
    To make use of 0.1%, the minimum deal you do is RM8000.

    Broker B.
    Online Collaterised rate is 0.42% or RM28 minimum
    If you buy a total of RM3000, you pay RM28, which is 0.93% (if sell also another 0.,93%)
    To take advantage of the 0.42% rate, you have to deal an amount of RM6667.

    Share me your thoughts.

  • Hi Mr Stingy!

    Thanks for the article. Just wondering, u include cryptocurrency, but left out fiat currency.
    Is it because it’s ‘Fiat’?

    • Hello Fazirul,

      No, it’s just because FDs / Bonds / Unit trusts etc. are all forms of fiat currency investments.

  • Was looking for articles on this for the past few weeks, since I’m just 22 and a newbie in this, and finally found this site. It is really great and so helpful. Thank you so much !!

  • Hi there Mr Stingy,

    Great blog! Love reading your blog together with some other great blog (ringgit oh ringgit, dividendmagic etc). Very informative. Please keep educating & supply us with all this knowledges that we will not find in school/uni.

    Personally, for the average Joe out there, just invest in Asb. Try your best to maximise the quota of rm400k. With almost no risk, no service charge and average of 7% return per year = no brainer!

    For me, the best investment I’ve ever made in my life is no other than crypto during late 17/early 18. Made fortune on altcoin (xrp 😉) during the last bull run. Now its time to rebuild my portfolio and that p2p & robo look really exciting. Thanks for the info. Gonna learn about this new type of investment while hodling my crypto bag!

    • Hi Amir,

      Thanks for dropping by. Yeah, ASB is like the ultimate investment tool (just that many of us out there have no access to ASB :'( ). Glad to hear you’ve made good profits during the last bull run. All the best ahead for 2019 and beyond!

  • Thank you for the articles! this is so useful for newbie like me, reading alots of information but don’t know where to start with.

  • This is absolutely informative. Wasn’t aware some even exist but the conventional and of course bitcoins etc. Thanks mate. I love this site…

  • i love this article, contemplating in purchasing a real property and to get hooked up with that hence started to do some research in other types of investment there is here in Malaysia.

    good knowledge sharing here. Thanks!

  • Hi, Mr Stingy. Are you based in Malaysia? What do you do with Luno as there’s no withdrawal allowed now, but only to convert to Ethereum.

    • Hello Faith,

      Yes, I’m based in KL! You?

      Withdrawals with Luno have been ongoing since March 2018. So you can definitely withdraw your money if you want. The only thing that’s pending is deposits — but with the Securities Commission looking to regulate the industry in Q1 2019 — hopefully that clears up soon!

  • With the collapse of Peer to Peer lending in China like PP Miao, a state backed company, how safe we are in Malaysia even we have 6 approved companies by SC?

    • As far as I understand, in China many of the P2P lenders started up even before regulations came into play. It’s different here in Malaysia: we had firm regulation and licenses issued, before any of the companies could start operating. So I expect it to be safer here.

      That being said, of course high returns comes with higher risk. Would never ask anyone who wants 14-15% returns to put in all their money there. Maybe just a portion of the portfolio which can accept higher risk?

  • Hello
    Im a newbie investor here . Can you guide me how to create the account as im very interested on REIT in your articles . Hope you can contact me thru the my details below as I need a teacher to start investing in the future . Thanks

  • Hi Aaron, I’m a new freshman in investing. Found your site by accident few days ago and you provide all good yet transparent info! A great blog to follow 🙂

    I’m thinking to start in REIT but in some other blogs they mention that we would need a brokerage to purchase. Can you write a post on brokerage? Eg. What is brokerage? Top brokerage in Malaysia, etc.

    Appreciate your hard work and sharing! Keep this up.

  • Thank you so much. Truly appreciate it.
    Straight forward , easy to digest and very useful article for someone like me.

  • One more avenue that you can advise your reader to invest via timesharing like East West One palm oil plantation scheme which approved by SSM. However, there are failure too like Golden Palm Growers Bhd, the second case in Malaysia.

    • Thanks Lim — haven’t heard of this before. Do you have any links where people can find out more and maybe sign up? Thanks.

  • I personally like P2P Lending very much, it has help me to generate passive income. I am using 3 platforms now, B2B Finpal, Fundaztic & Funding Societies.

      • Hi Mr. Stingy. Reading P2P seem interesting for investment. When you said losing money, do you meaning losing all my money invested?

        • Hey Lim,

          I haven’t actually looked too deeply into whether it’s possible that you will lose all your money (or maybe just a portion?) if the company defaults on its payments. However I’m sure the Securities Commission has drafted out a very reasonable guideline. Just haven’t had time to fully investigate yet. If anyone knows — please share!

  • Hi there,

    Just want to share. If one wants to invest in gold or silver, they may try to buy it from Public Gold. There, you will get physical gold or silver at affordable price. They even have this GAP (Gold Accumulative Program) where you can open an account with them and deposit RM100/month. Whenever you have enough amount to but, say 1g of gold (it’s RM177/g at the moment), you can just go to the nearest branch and convert your saving to a physical gold. Do not worry as they are Shariah compliant and they hold to the concept “Beli Emas, Dapat Emas”.

  • I super love this article. Thank you for taking the time to compile this super informative article. I felt so ‘liberated’ knowing that there are other investment options that are easy and doable with less hassle compared to buying properties etc.
    Again tq

  • Well done! A comprehensively researched and written article, I know, I’ve clicked thru some of the links.

    Definitely a good guide for those who want to DIY, which many young people start to do as they take charge of their financial destiny.

    One note about risk/reward is that its important for people to recognise that the market is not a computer simulation where dialing risk one way or the other will magically dial the reward commensurately. Risk is priced because the more unknowns the product has, the more market will put a premium on it. The more we study about a product and the more we know about it, the risk for that product comes down for us.

    I would also suggest a financial advisor that act as an middleman offering a range of risk/reward products should be sacked. Instead get a financial advisor precisely because of what this column does and signifies, impart knowledge to reduce our risk in the market.

Submit a comment

Your email address will not be published. Required fields are marked *