Hacking. Ransomware. Phishing. It’s a scary time for all of us, especially now that most of our money is digital. ‘Digital’ here refers to money and assets that are reflected in your various banking and investment platforms when you log in.
Digital security is not something you can ignore anymore, dear readers. Imagine logging in one day and finding that your account balance is zero, depleted, transferred out. You’ll stare at the screen in disbelief. You’ll check if the account is indeed yours, and try to remember if you made any transactions that you forgot about (you didn’t). Then, as the panic seeps in, you’ll contact the platform’s support team, only to be told that there is nothing they can do.
To the best of my ability, I’m compiling a checklist of things you should do to make sure your digital money is adequately protected. This article is not complete, digital-based scams evolve all the time, so please help me to update this article if you have anything else to add.
Investment is such a loaded word. It covers a wide area, I guess similar to the word ‘science’. If you’re not from that world, reading content about it is likely to make you confused at some point or another. You need A to understand B to understand C to understand D. This is why beginners find investing intimidating in the beginning.
What I’m going to attempt in this article is to kind of explain those investment terms using analogies, examples, and memes. I’m covering: Technical analysis, fundamental analysis, hedge, arbitrage, ROI, equity, options, futures, IPO, ICO, bull and bear market, and pump-and-dump.
Disclaimer: not a financial expert. If any of my personal understanding below is wrong, please comment and I’ll edit.
I really like these fintech products, and not even sponsored to say this!
Fintech = finance + technology. You probably use some of them (like bank apps). What I’m about to do here is to give my own take of how these fintech products in Malaysia are personally helpful for me. I’ve divided them into: products that save money, products that help with money management, and investment-related products.
Fintech products that save money
On 15 April 2017, I attended a full-day REITs Analysis Workshop, part of the Bursa Investor Education Workshop Series where they talk about different investment vehicles and investment strategies. REITs stands for Real Estate Investment Trust. For other Bursa Malaysia-organised events, see here.
It was presented by speaker Chua I-Min from ShareInvestCoach.com, a Singaporean financial planner specialising in fundamental analysis (I’ll explain this term too). I think the speaker did a great job in breaking down all the jargon into digestible information.
All-in-all, I learned loads. Here are 5 things I learned about REITs in Malaysia, because sharing is caring.
If you were to check out personal finance and investment commentaries – from blogs, forums, commentaries – you’ll see that different people have their preferred investment vehicles (types). It’s very interesting, because after a while you start seeing a pattern: people who prefer investment X tend to be Y. It’s fascinating.
Look at this from a behavioural point of view. Many personal finance and investment experts like to say ‘select an investment that works for you’, but what does that mean exactly? How do you choose from many different types of investment available in Malaysia?
Passive income in Malaysia comes in many shapes and forms. This guide will help you to navigate most, if not all available options and help you decide which one to go with. I’ll also share the passive incomes that I personally have.
Looking for information about bitcoin in Malaysia? I’m glad people are showing more interest in this, but it’s risky to dive in without sufficient information. From my experience admin-ing one of the Bitcoin Malaysia FB pages (here; join for latest news and updates), seems like many people like to promote unsafe bitcoin investment opportunities.
So here’s a FAQ about everything you should know about Bitcoin in Malaysia, as a newbie. This is kept fairly jargon free.
Versi Malay yang ditulis oleh SenangBit
You know you gotta invest. That’s how you can achieve financial freedom. But dude, there’s way, WAY too many investment options out there. Some are legit, some are not. How do you know which ones are investment scams?
As someone who reads/works/writes about finance, I like to think that I can make that snap judgement whether an investment opportunity is legit or not. The last thing I want is an ‘investment’ that actually scams me out of my money, you know? In a Lowyat thread I was recently reading, this girl was lamenting her father’s tendency to get sucked into such ‘investments scams’, which resulted in him losing much of his money. Fella’s retired, too 🙁 My heart breaks for this girl.
So I thought, Imma write about what I know about spotting un-legit investments.
In this day and age, it’s pretty hard to avoid being in any kind of debt (hutang). This is my debt history.
Today, I reached a milestone! RM10,000 in Bitcoins. This is the second investment I made after ASB (aka genetic lottery due to being technically Malay) that I hold more than RM10k in one investment vehicle.
Update March 2016: I’m now RM15k in.
In a previous post, I wrote about the 4 things I learned about buying Bitcoins in Malaysia.
Related: Bitcoin guide for Malaysians
Today I’m going to talk about why I personally invest in it.