Emir | The Millennial Finance
@themillennialf_
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Like to talk about finance a bit Youtube: https://t.co/exHe90V8Cu Ask me a question https://t.co/2PQVYwyIai *Not financial advice
Joined February 2020
3 pillars of personal finance that I like to talk about. Earning, saving, investing. The trifecta. You'll do pretty well financially if you can sort these out 👇. Earning 🧑💼.Cold hard truth first. It's hard to get far with your finances if you don't earn much. This should be
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Super interesting. The difference between an investor who buys the bottom every single year vs just buying immediately is a lot smaller than I thought. Still can't bring myself to dump everything into stocks now so DCA it is
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Wow didn’t expect this big of a gap between KL and everywhere else. Don’t have experience elsewhere but I doubt cost of living is that much more in KL right?.
We (World Bank) just released our latest high income data. 1. Malaysia’s quest to attain high income remains. 2. M’sia GNI pc of RM 53.4k < high income threshold of RM 63.8k. 3. Only 5 states/FTs > high income threshold: KL, Labuan, Penang, S’wak, Selangor
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BNM cuts OPR to 2.75% . Mortgage gonna be a bit cheaper at least.
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Think a lot of ppl are underestimating how difficult it is to negotiate tariffs with the US. We don’t have much leverage. Even Japan went from 24 > 25%.
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TLDR: If you wanna invest in US stocks, stick to passive ETFs. For less efficient markets (e.g. Malaysia), active funds can outperform
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Why does this X50 have to be nicer than mine 😅. Oh well, decided I'm not buying a new car for a few years at least, can't let that kinda lifestyle inflation get to me.
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You still need some liquidity for emergencies, can't invest everything. Last thing you want is being forced to sell at a bad price. And for that cash, may as well earn some interest while it sits idle.
Bull run loading. Stocks flying. Cash melting. And you are still here comparing which 3–4% savings account is the best and boost about locking money in EPF.
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US gov going to just spend more with bigger deficits. Better own assets instead of USD - stocks, gold, bitcoin. Only problem is they’re all pretty much at all time highs…
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All time highs baby. Quickest recovery from bear market to new highs, even I missed the boat 😅
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How do people on an RM4.3k salary get a personal loan >RM100k? . Not even sure how I would recover from this tbh, buried in debt.
Gaji kasar: RM4.3K, (tolak EPF: RM3.8K).Part time: RM900. PL Bank Rakyat: RM168K, RM1878/m, baki 9 tahun.CC Aeon: RM5K, RM300/m.CC Maybank: RM4.5K, RM300m.PL Aeon Credit: RM10K, RM247/m, baki 3 tahun.Boost: RM1.1K (tertunggak, kena bayar lumpsum).Hutang member: RM2.5K, RM250/m
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This is true, wages can be super low here. But reality is that it’s easier/quicker to up your income than push for reforms (if it happens). We can advocate for it but while we wait, best to focus on yourself.
Pattern selalu kutuk kutuk B40 ni aku perasan dekat sini antara rich finance guys atau pun tech bros tak habis suruh up skill. Tak salah nasihat tapi isu gaji kat Malaysia ni isu sistemik. Lebih 70% gaji bawah RM5k.
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I started here too and they're now running their 5th batch with applications closing on the 4th of July. You can find more details on their website.
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So if you think trading is gonna get you rich quick, sorry to burst your bubble. But if you're serious about exploring trading as a career, check out Bursa Malaysia's Futures Trading Apprenticeship Programme.
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Last thing - I thought a trading floor would be adrenaline filled, everything is hectic and high stakes like we see in the movies 😂. Reality: 80% of the time we're just chilling doing nothing, waiting for something to happen.
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I also thought that if I just found the perfect strategy, my holy grail indicator, I would print money forever. Reality: There's no perfect strategy. Things stop working after a while so I always had to adapt and find new opportunities.
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Everyones thinks trading will give you a lot of free time. Trade 1-2 hours a day, print money, then log off and chill. Reality: I spend just as much time as a normal job, maybe even more. Can't be successful without the effort.
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I've been a full-time trader in Malaysia for 18 months now. Here's what I expected life would be like before I started vs reality 👇
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Bank of America thinks stocks are too expensive 🤔
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The difficult part about trading. You know what happened but it’s still debatable whether prices will go up or down 🤷♂️
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