The idea behind investing in the stock market is easy – buy shares from companies you like, wait for it to grow, and earn a profit through dividends and/or increase in value.
(You can also make money if the share price goes down – that’s called shorting, but that’s not halal and more suitable for more advanced traders so let’s not go there).
But if the idea is so easy, then why do I find it intimidating?
Bursa Malaysia knows that many people have the same feeling. Part of their mandate is to attract more investors to the Malaysian stock market, so they come up with various initiatives, including educational ones, to help us overcome that fear.
As part of an outreach campaign, members of the financial media – including personal finance bloggers like yours truly – were invited to the office of Life Insurance Association Malaysia and treated to a first-hand presentation of the latest update within the investment-linked products industry.
Even the CEO of Life Insurance Association of Malaysia (or LIAM for short), Mark O’Dell attended the meeting. He’s like the top boss in the insurance industry. His background is very, very impressive. Happy to report he was approachable in person.
Let me share with you how LIAM explains investment-linked products. It’s quite clever.
Investment-Linked Products, explained using Nasi Lemak
As I sat down with Rafiz Azuan Abdullah, the CEO of PIDM or Perbadanan Insurans Deposit Malaysia and asked my questions, it occurred to me that this man is truly at peace with doing a thankless job.
If you’re unfamiliar with what PIDM does, they are basically a government authority that provides protection for your deposits, as well as takaful and insurance benefits in the unlikely event a PIDM member institution fails.
For example, let’s say Bank X somehow goes bankrupt and you have RM10k saved there. As Bank X is a PIDM member bank, PIDM will make sure you get your RM10k back immediately.
Let’s be frank here – ewallet and digital security is not the sexiest of topic to talk about. Therefore, let’s appreciate Touch ‘n Go eWallet not caring to be ‘sexy’ and choosing to feature it anyway in their educational video series, Cashless Confidentials.
In this article, we have brainstormed and came up with 4 actions you can do in 5 minutes that will significantly reduce your risk of losing money from scammers and hackers. It’s fast – you can do everything during lunch break. If you’re busy now, bookmark this article so you can pull it out later.
Note: If you consider yourself a Millennial or Gen Z, what you’re about to read below might sound like common-sense digital security practices.
However, keep in mind that they can be completely alien to your parents and grandparents, who are more susceptible to digital-based scams. I need you to read this so YOU can help them navigate this topic okay.
#1 – Activate Touch ‘n Go eWallet Money-back Guarantee Policy
I’m used to interviewing founders and CEOs, but it’s quite rare that I get interviewed by them!
That’s what we did in this Ringgit Oh Ringgit x HelloGold collaboration. In this video, HelloGold’s Co-Founder Ridwan Abdullah asked me a bunch of questions, ranging from the website, my investments and my thoughts on gold. It was fun answering them and I may have laughed too much.
No matter how much we may want to deny it, there *are* bad people in this world. People who don’t think twice about taking your money from you through illegal and unethical means. They do it easily, without guilt or remorse.
This article is a compilation of anecdotes by real people, who were scammed or almost got scammed. Thank you to all who contributed.
On 12 January 2019, I attended an investment event organised by multi-award winning Kenanga Group. The name intrigued me right from the start – you don’t come across something like Market Outlook Symposium 2019: Smart Investing or Dare Betting? every day. Held from 9am-2.30pm, the event packed in five speakers (and a lunch break). You can check the agenda of the day and speakers’ profiles here.
I had fun live-tweeting the whole event. Click on the Twitter thread below to read 50+ tweets giving play-by-play account of each speaker’s presentation. Among others, you’ll find stock picks by Kenanga Investment Bank’s Head of Research, a warrants trading tool (that may help you get double-digit ROIs), what to do with your money during bear markets and more.
Here are some things I learned from the event. Some commentaries are not specific to the event itself, but an overview of the general investment events scene in Malaysia. This article is sponsored by Kenanga, but all opinions are mine.
#1 – The Kenanga-organised event… exceeded expectations