Search Result(s)

"bitcoin"

FAQ: How to Invest in Cryptocurrencies in Malaysia (Aside from Bitcoin)

invest cryptocurrency malaysia

This is a follow-up to my Bitcoin FAQ articleYou need to understand bitcoin first before diving into other types of cryptocurrencies. If you have not read that, you might find this confusing, so read that first. 

This article looks at cryptocurrency and altcoins from a more ‘investor’, rather than ‘tech’ point of view. If any info here is wrong or outdated, please let me know by commenting.

Continue Reading…

FAQ: Everything You Should Know about Bitcoin in Malaysia, as a Newbie

bitcoin malaysia

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

Continue Reading…

RM10,000 in: 6 reasons why I invest in Bitcoins

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.

bitcoin-910307_1280

Continue Reading…

Budget Update: July 2020

Budget Update: July 2020

Being an adult is accepting, and preparing for at least one major expense per month.

You can’t escape it. If it’s not paying taxes (my biggest expense in July 2020), it’ll be something else – home maintenance, car repair, replacing broken appliances, buying ‘smart’ upgrades (like a nice mattress so you’ll get a good night sleep, or noise-cancelling headphones to work better), medical treatment, whatever.

Once in a blue moon, you’ll get through a month without incurring a major expense, but later you’ll find that some months will incur multiple major expenses, so it averages out.

I’ve read somewhere that the only way to break this cycle is when:

  • you’ve successfully upgraded all your essentials to high-quality versions, so they break less and therefore need replacing less often
  • you put the payment on an instalment plan. You’re still paying, just not in one BIG chunk. Obviously this is cheating because you still end up paying the same amount
  • you can afford to pay for longer terms instead of shorter (ie paying for 5 years of driving licence instead of renewing annually). But yeah this is still delaying, not eliminating

I wonder if there are other ways to stop the major ‘Misc Needs’ or ’emergency’ expenses. How can one even FI/RE if we have to deal with this wildcard, forever? If ‘just budget it in’ the best answer?

Thoughts on this topic?

Continue Reading…

Breakdown of My (SUPER HIGH RISK) Investment Portfolio

Obligatory disclaimer: This article is for SHARING purposes only! NOTHING in here is a recommendation, so don’t say ‘Oh Suraya say must do like that’ HELLO I NEVER SAY THAT, LATER I BABAB ONLY YOU KNOW

When Mr Stingy posted his How I Invest My Own Money article, where he gave the complete breakdown of his investment portfolio, I knew I wanted to write out my own version as well.

Investment portfolios are like a reflection of our personalities. It exposes our risk appetite and maybe some traits as well (see: (Stereo)types of Malaysian Investors: Who You Are Based on What You Invest In).

In this case, I realised that while some of our investments do overlap with each other, the percentage breakdown is completely different.

So, I’ll be sharing the breakdown of my investment portfolio. Like Aaron, I also don’t feel like disclosing the total amount, just the percentage of each investment type.

Everything is accurate as of time of writing (July 2020). Let’s hope that the eventual market downturn will be kind to us *laughs nervously*.

Breakdown of My Investment Portfolio, %, & Risk Level

Here are all my investments, sorted by highest to lowest, as calculated and screenshot-ed from Excel sheet:

investment portfolio

Continue Reading…

Link Roundup #51: 10 Things to Know This Week

Accelerate your personal finance knowledge with this regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 links informational 🙂

1. My First Investment Portfolio for 2020 (Dividend 2030 portfolio)  Sivasathish.com

Everyone says welcome to a new personal finance blogger, Sivasathish! He’s a senior lecturer, a member of the Association of Chartered Certified Accountants (ACCA) and a self-confessed conservative, low-risk, long-term stock investor.

This is is current investment portfolio, which he plans to track and share until 2030. Amazing detail and super clear writing style. Whoever interested in the stocks market can follow.

I like how (1) he repeats again and again that he’s NOT a professional (no stocks guru feel, which I like), and (2) how his students say nothing but good things about him! See the comments section – so full of notes from his students. This type of student-teacher interaction is super endearing 🙂

Continue Reading…

Budget Update: April 2020

Budget Update: April 2020

Another month where only 4 categories showed up in my expense-tracking app:

  • Business (RM4,877.69) – mostly paid the balance of book order, and packaging for deliveries
  • Utilities & Rent (RM1,352.47) – ze living quarters
  • Misc Needs (RM565.22) – restocked cat food and cat litter, bought office chair, new stand fan and kettle (more on that under Nay section below)
  • Everything else

Let’s talk about something. Donations. This has been on my mind, and I just want to let it off my chest.

As you know, a lot of people are having financial hardship. A lot of people are seeking help.

I think… I’ve become increasingly desensitised to the many, many donation calls which appeared in my social media timeline. Nowadays I simply scroll past most of them, opting to take the ‘don’t see, don’t know’ approach.

As time goes on, I know that I will only give my attention and money to the donation calls that are especially gut-wrenching. The ones with emotional pictures and copywriting. They work, you and I know they do, think of the last donation you made. And as NGOs understand how well they work, they’ll use that strategy more and more.

The higher volume means I’ll get desensitised to those soon enough, too.

Feeling guilty for not doing more when I have the means to do so is a constant feature of my life now. I’m aware how much this sounds like virtue-signalling – I’m pissed off at myself too because boohoo kesian Suraya wow she feels horrible, wtf Suraya this ISN’T about you, how DARE you think YOU have it rough when millions, maybe BILLIONS of people will starve. In 2020.

I don’t know, you guys. Does avoidance as a coping mechanism make me a bad person? Is choosing to prioritise my FI/RE journey a bad thing? I hate that I hate wealth inequality, yet choosing to do the exact same wealth preservation strategy the rich are making, by ‘staying invested’.

Bleak thought process? Well it’s a bleak world. I’ll try and focus on the good, but I can’t lalala my way out of this. The journey to understand my own psyche continues. I hope eventually I’ll come to a better way to cope and/or manage resources. This is part of personal finance too.

Continue Reading…

What’s On My Bookshelf: What I Read and HIGHLY RECOMMEND

Let’s just skip the whole ‘why reading is important’ part because you already know that and I don’t want to insult your intelligence.

After showing you the contents of my bag, today I want to show you another aspect of my personal life: the books I read. These are the worldviews and ideologies that shape me: I am who I am because of these materials. Everything I write is directly or indirectly influenced by these authors.

My bookcase contains more than personal finance books.  I read a wide variety of topics, mostly non-fiction. If you want personal finance-specific book recommendations, do check out these articles instead:

Without further ado, let’s start. I’m not going to list ALL of my books, just the ones that truly made me think and self-reflect, even years after I read them. Some of them also inspired RoR articles (I’ll link them too).

Have fun checking out what’s on my bookshelf. As if you need a reason to buy more books, lol.

Continue Reading…

Budget Update: January 2020

Budget Update: January 2020

I had a good start to the year, if I do say so myself! There were definitely more ups than downs in January 2020, I’m feeling very grateful 🙂

In terms of expenses, I guess not breaking RM6k is a minor win, given all my ongoing projects – both business and personal. I think I struggled a bit with focusing, reducing anxiety and ‘switching off’ (because there were too many things going on!) and while my coping mechanism could be better, it’s not horrible either.

For example, here’s an unnecessary cause of stress: feeling guilty that I enjoy being distracted with work *while* I’m exercising, because it makes the time go faster. It feels like cheating somehow. I actually felt better after giving myself permission to just do it, because at least some exercise is better than no exercise right? Small matter, but there you go.

Here’s another unnecesary cause of stress: my parents – because they love me so much, and also adat – want a more elaborate wedding procedure than what I would have planned for myself (oh surprise I’m getting married this year). It was hard for me to accept, but I guess it is what it is and above all I want to make them happy. So my solution? I gave them a budget to stick to. Let’s see if that works.

All these, I guess, are examples of ‘change what you can, accept what you can’t’ in practice. As much as you want to try and change the situation, sometimes you just can’t, you gotta admit that and be okay with it and move on. Life just don’t hand you everything you want because you ‘want’ it or ‘worked’ for it.

What’s something you don’t particularly like but kind of accepted in life, and try to make the best of? How do you reduce unnecessary stresses? Share with me in the comments section!

Continue Reading…
Close