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"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 If any info here is wrong or outdated, please let me know by commenting.

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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

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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

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Budget Update: November 2018

november 2018

Budget Update: November 2018

Spent under RM6k in November 2018. Top 3 categories were Business (no issues there), Utilities & Rent (ditto) and Dates/Travel (… I think I need to talk to the partner).

Anyway, hey, I want to talk about something else in this section. Martech. Do you know this word? It’s short for marketing technology, and companies love it because it helps them rake in more sales. In fact, companies love martech so much that Chief Marketing Officers are now spending more on martech tools rather than human marketers.

In November 2018, I attended a digital marketing bootcamp where I learned about the many types of martech tools. For example, chatbots which reply to people who type ‘pm’ in Facebook posts. Platforms connecting companies with influencers. Automated video creation tools. And more – I’m barely scratching the surface here.

Martech is fascinating to me for a few reasons:

  • It’s quite fun to go to a company’s website/platform and see what kind of martech tools they are implementing. Last time, they used to prioritise collecting emails. Now, I’ve received promotional updates via Facebook Messenger too! (I hate this btw, so invasive, any company that does this will not get my money)
  • Which martech tools can *I* use for my own websites? I’m constantly trying out new ones, hoping to find the perfect free+good combinations. Many martech services use subscription-based models, and they can get pretty pricey.

Learn about martech. If you’re a business, it’ll help you make/save money. If you’re a consumer, you’ll be more aware and therefore less susceptible to strategies companies use to part you with your money.

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3 Investments Where I Lost All of My Money

Want to know a secret? Everyone makes mistakes during our investment journey. Sometimes we pay too much in fees because we didn’t know better, sometimes we try to time the market and it didn’t work, and sometimes we trust the wrong people and get sucked into some shady Ponzi scheme.

I made plenty of mistakes myself, like the many, many times I tried to time the market but it went on the opposite direction (WHEN WILL I LEARN?!?). But this article is NOT about those kinds of mistakes. I don’t mean losing money when the market is not in your favour. Fluctuations in price and value is normal and even expected for some types of investments, like properties, gold/precious metals, things like that.

This article is about the times where I lost ALL of the money in the investment. Here they are, compiled in one post. 

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4 Investments I Want To Try (But Haven’t)

Here are some types of investments that I have: mutual funds/unit trust, gold and crypto.

This article is all about investments I don’t have yet, but always been curious to try. I may or may not proceed with one or any of them in the future. It’s just to show you what I’ve done about them so far, and why I didn’t proceed with them yet.

#1 – ETFs (Exchange-Traded Funds)

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Link Roundup #8: 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. The Selangor Govt is Giving RM1,000 to M’sians Who Marry Before 35 Years Old – WorldofBuzz

Good news for Selangor babies or long-term residents over 10 years tying the knot! What an interesting incentive!

FYI, they don’t give cash outright. They give something called the Sijil Simpanan Premium, which you can sell back or keep if you wish. But hey! As good as free money! Can recover your wedding expenses a bit, or go towards house down payment or baby funds.

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Link Roundup #5: 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. ‘Quit your job and travel the world!’: A travel blogger confesses the grim financial reality behind the Instagram dream – Business Insider

Hands up if you follow Instagram influencers and bloggers who travel all the time. One day they’re in Paris, the next they’re in Greece, eating olives or whatever. So jelly, no?

Yeah, that lifestyle does look great. But what they don’t share as often is the cost and stress of maintaining that lifestyle. If you have a steady remote-working job, great, but you’ll spend lots of time in your room – you still need to finish your work. If you have irregular income, you’re going to stress about money and won’t be able to fully enjoy your travel.

I still think the best way to travel is to save up enough money for it beforehand. And have multiple passive income streams so working becomes a choice rather than a necessity.

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