For non-Millennials out there, I don’t mean ‘roasting’ like cook chicken like that. I mean ‘roasting’ as in giving snarky comments.
Hold my earrings, my inner bitch persona is coming out. Enjoy this post roasting the different types of investments you can get in Malaysia.
Nowadays, I notice there are more personal finance websites and blogs around. My grand scheme to get more Malaysian talk openly about money is working muahahahah!
(okay I cannot take all the credit but some la okay some)
(I’m not perasan they told me one)
You know where else money discussions are spilling over, aside from websites and blogs? Instagram. Yes, Instagram, the platform you log on to get jealous over other people’s perfect-looking lives (I’m not wrong).
So you can imagine how pleasantly surprised I was by the emergence this new trend, of Malaysians sharing about personal finance in their Instagram accounts (instead of the usual food, fashion, beauty, travel, etc). I love following them, and find them therapeutic – as I scroll down my feed, my bouts of envy is naturalised by money quotes and reminders to not spend money!
Here are 14 personal finance Instagram accounts that Malaysians should follow. This list is in no particular order.
What to expect in the feed:
What to expect in the feed:
What to expect in the feed:
What to expect in the feed:
What to expect in the feed:
What to expect in the feed:
(yep, the same blogger behind Mimirello.com website!)
What to expect in the feed:
(yep, the same blogger behind DividendMagic website!)
What to expect in the feed:
(yep, the same blogger behind Blackbelt Millionaire website!)
What to expect in the feed:
*not technically Malaysian, but used to study/work in Malaysia, so close enough (she’s from the Mauritius)
What to expect in the feed:
What to expect in the feed:
Mine 😀
What to expect in the feed:
Aside from the above, I also want to feature some people in the zero waste movement who are leading by example. They prioritise DIY culture, consuming less and buying local & natural. We can learn a lot from them, and save a bunch of money in the process, too!
What to expect in the feed:
What to expect in the feed:
Strictly curated by people, not brands or companies 😉 And must talk about personal finance in the majority of their posts.
If you know of any other Malaysians maintaining personal finance instagram accounts, share with us in the comments section!
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. Report: Rising household expenditure driven by food inflation – MalaysiaKini and Research: Malaysian households earning RM2,000 may have only RM76 left after expenses – The Malay Mail
Different headlines by different news publications reporting from the same source – ‘The State of Households 2018: Different Realities‘ report by Khazanah Research Institute.
There are lots of data inside both articles, but here’s what you need to know: the poor spend a much bigger portion of their income on expenses, leaving them without much safety buffer (if any) for emergencies.
With Budget 2019 coming up, I expect lots of financial support given to this income group (as it should).
If you’re into Malaysian stocks, you must have heard of Leigh from DividendMagic, the 28-year old financial blogger. Leigh’s investment of choice is dividend investing, and in his blog he freely (and anonymously) share the stocks he keeps (and sells) and how they perform over the years.
I told Leigh how stocks have always been intimidating for me, and asked if he could teach me how to read financial statements so I will know what information to look out for in that long-ass document. He said yes 🙂 With his permission, I’m sharing what I learned with you people too!
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. That 1% Fee Impact – Mutual Funds vs Investing on your own – DividendMagic
When it comes to mutual funds and unit trusts, always follow this golden rule – the less fees, the better.
Those of you with mutual funds/unit trusts with 3% fees or more. You might want to check out this article. You’re losing way too much. A ridiculous amount.
I just checked my own portfolio. I have ASB (0.35% per annum management fee) and a PRS fund (1.5% per annum management fee). Both should be okay, since for the latter I got RM500 free from gomen (it’s RM1000 free now for under 30 years old) and up to RM3000 in tax rebate too.
(Out of curiosity. Those of you who took mutual funds and unit trusts by popular fund managements companies like Kenanga and Public Mutual. How much do they charge as management fee?)
EDIT: I’ve heard anecdotes that you can call them up to nego and reduce your management fees down to 2%. Worth a try if your fee now damn high and you don’t want to stop contributing there.
When Perbadanan Insurans Deposit Malaysia – PIDM for short – contacted me about doing a paid collaboration, I was confused. Unlike other sponsored post inquiries I get, PIDM has no products or services to sell. If anything, their services are (1) free and (2) automatic.
Then they told me their reasons. They’re to:
So apparently – and I didn’t know about this before – there are people out there who scam your family and friends because they don’t know about PIDM?? That is horrible! And this is why PIDM wants to tell the public who they are and what they do!
So I said yes, and together we created this plain-English article about what PIDM does.
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.
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. Share your suggestions for #belanjawan2019 – Ministry of Finance Malaysia
Wanted: your suggestions! Saw this tweet from the Ministry of Finance – decided to share here for wider reach!
Kementerian Kewangan mempelawa rakyat Malaysia untuk memberikan cadangan dalam penyediaan Belanjawan 2019 bagi 12 kategori yang terdapat di https://t.co/fkcjAjZSz0. Jangan lupa gunakan hashtag #belanjawan2019 pic.twitter.com/FTMieis3A8
— Ministry of Finance (@MOFmalaysia) August 29, 2018
The 12 categories are:
For more information, view the Belanjawan 2019 page (English version).
You can submit your suggestions on Twitter (click here to see the current #belanjawan2019 discussion on Twitter), but I suggest you submit directly at the Belanjawan 2019 main website at this page.
If you have suggestions on how the nation should spend its money, remember to give them by 30 September 2018, because YB Lim Guan Eng will present it on 2 November 2018!
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. We Put Klang Valley’s Ride-Share Apps In A Head-To-Head Price Test – Vulcan Post
Surprising fact no 1: There are (at least) five active ride-sharing apps operating in the Malaysian market. Five!
They are: Grab, MyCar, MULA, EZCab and Dacsee. LOVE this article comparing the prices plus waiting times for each of them. I’m already a Grab and MyCar user – I think I’ll install EZCar too because the price looks pretty good.
Every week, I do a little mini-forum in the Ringgit Oh Ringgit FB page. Recently, I asked what people do to save money on coffee.
The answers blew me away – you people really love your coffee huh? Some of the answers were so creative and informative, I had to compile them here! Here’s what Malaysians do to save money on that cup of joe, divided into two sections, free and reduced-cost.
