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If you’re new to investing, deciding between Exchange-Traded Funds (ETFs) and Unit Trusts can feel overwhelming. Both options offer pathways to grow your wealth but cater to different needs and preferences. Let’s explore their key differences to help you decide which works best for your financial journey. Why ETFs Are Great for Beginners ETFs have gained massive popularity among investors due to their simplicity, cost-effectiveness, and accessibility. They are particularly beginner-friendly for these reasons: Low Barrier to Entry : Unlike Unit Trusts, which often require higher minimum investments, ETFs let you start small. This is perfect for beginners who want to dip their toes into investing without committing large sums. Transparency : ETFs track indices such as the S&P 500, making them easy to understand. You know exactly what you’re investing in, whether it’s tech stocks, global markets, or green energy companies. Low Fees : Cost efficiency is one of the biggest advantages of ETFs. For example, the Vanguard S&P 500 ETF (VOO) has an expense ratio as low as 0.03%. Compare that to Unit Trusts, where fees can range from 1.8% to 3%. Over time, these savings can make a big difference in your overall returns. Flexibility : ETFs trade like stocks, so you can buy and sell them throughout the day. This gives you more control over your investments. However, ETFs do require some knowledge and research. You’ll need to monitor your portfolio and rebalance it periodically to align with your financial goals. Why Unit Trusts Work for Some Investors If you prefer a more hands-off approach to investing, Unit Trusts might be the better choice: Professional Management : Unit Trusts are managed by fund managers who make investment decisions on your behalf. This takes the guesswork out of choosing which stocks or bonds to buy. Guided Assistance : Beginners who feel overwhelmed by financial jargon or market volatility can benefit from the personalized advice provided by Unit Trust agents. They offer insights tailored to your financial needs and goals. Convenience : Unit Trusts are designed to save time. If you’re busy and don’t have the bandwidth to research and monitor investments, having a professional handle it for you can be worth the higher fees. While Unit Trusts are convenient, their costs can eat into your returns. Sales charges and expense ratios often add up, and the question is whether the performance justifies these fees. For instance, top-performing U.S. Unit Trusts have 5-year annualized returns of 12%-13.68%, but they still fall short of ETFs like Vanguard’s S&P 500 ETF, which has delivered 15.72% over the same period. Breaking Down the Fees Unit Trust fees typically fall into two categories: Expense Ratios : This is the percentage of your investment deducted annually to cover fund management costs. Unit Trust expense ratios range from 1.8% to 3%, significantly higher than ETFs. Sales Charges : These are upfront fees paid to the platform or agent when you purchase a Unit Trust. This can add up over time, especially for long-term investors. In comparison, ETFs are much more cost-efficient. While the management is passive and automated, it’s highly effective for tracking market indices. This efficiency allows ETFs to charge significantly lower fees, which compounds your returns over time. Performance: Does ETF Always Outperform? If you’re comparing investments in the same asset class (e.g., U.S. large-cap stocks), ETFs generally outperform Unit Trusts due to their lower fees. However, it’s important to remember that Unit Trusts offer something ETFs don’t: personalized service. The human element in Unit Trusts is invaluable for some investors. Agents can guide you through market trends, explain complicated concepts, and adjust strategies based on your life changes. If you’re someone who learns better through conversations than research, Unit Trusts might offer you the peace of mind you’re looking for. Incentives: Are Agent Recommendations Biased? Let’s address a common concern: Do Unit Trust agents push certain products to earn commissions? It’s true that incentives can influence recommendations, but that doesn’t necessarily mean bad advice. Reputable agents aim to build long-term relationships and prioritize your financial well-being. That said, even robo-advisors aren’t immune to bias. Algorithms are created by humans, and it’s possible for them to subtly favor specific funds. This is why it’s essential to ask questions, stay informed, and evaluate the value of the service you’re receiving—whether it’s from a person or a platform. How to Choose Between ETFs and Unit Trusts Both ETFs and Unit Trusts have their place in a well-rounded investment strategy. Here’s how you can decide: Choose ETFs If : You’re cost-conscious, willing to learn, and prefer direct control over your investments. ETFs offer low fees, transparency, and flexibility, making them ideal for self-directed investors. Choose Unit Trusts If : You value a hands-off experience, need personalized advice, and don’t mind paying extra for professional management. This is particularly helpful if you’re completely new to investing or don’t have the time to actively manage your portfolio. Ultimately, the best approach might be a combination of both. Use ETFs for broad, low-cost exposure to markets, and Unit Trusts for specialized guidance on complex financial goals. Key Takeaway ETFs and Unit Trusts cater to different types of investors, and there’s no one-size-fits-all answer. What’s most important is understanding your goals, risk tolerance, and the level of involvement you want in managing your investments. Do watch our newest video where we invite 4 different financial experts to debate over this topic! There are some spicy questions btw and you might learn a few things too! Looking to Start Your Financial Journey?  Check out StashAway, a digital wealth management platform that helps you build long-term wealth with low, transparent fees and personalized portfolios .  Click the button & use our link, finlit.my/MMTVSA  & apply our voucher code MRMONEY2024  and enjoy RM25,000 on top of RM25,000 new investor promo with a  total of RM50,000 for 3 months of free investing on investment .  portfolios - valued at RM100. If you’re not a new user, don’t worry, you can still enjoy RM25,000  with our promo code!

Navigating career choices and managing finances in your 20s can be a daunting challenge. Many young professionals are faced with tough decisions about their work-life balance, job satisfaction, and how to manage their income. In a recent live session in partnership with Guinness, Peter and Frankie shared their personal experiences and answered questions from the public on how to strike the right balance between career growth and financial stability. 1. Chill Job vs. Hectic Job: Which is Better for Your Career? When asked whether they would choose a relaxed job with a lower salary or a hectic job with higher pay, both Peter and Frankie agreed that they would pick the latter – a more demanding job with better financial rewards. Peter shared, “Now that I’m married, I wish I’d worked even harder when I was single. I worked long hours back then, often until 2 or 3 AM, and while it was exhausting, it was worth it for the financial gains.” If you don’t want to follow these footsteps, then you have to at least be adequately prepared to find other means to earn money. Frankie also chimed in, emphasizing that hard work often leads to higher income, but the key is to work smarter, not just harder. If you’re smart, you can find ways to work less and still earn more. And beyond just working, you need to learn how to invest. Anyone with a salary can begin investing and working towards financial freedom, and it’s best for you to learn earlier rather than later. 2. Generalist vs. Specialist: Which Path Should You Take? The debate between being a generalist or a specialist is a common one, and both Peter and Frankie have their own perspectives. Frankie shared his take: “If I had to choose, I’d pick being a generalist in a specialized field. This gives you the sweet spot in your career.”  Much like a doctor who is a general practitioner, you may hit a ceiling in income after some time without specialization. However, if you choose a specialized path, the pressure and stress can increase, and you might find that the compensation doesn’t match the stress level. The key here is finding the right balance between general knowledge and specialization within your field. Peter, on the other hand, believes in the value of being a generalist. Being a generalist allows you to adapt to different types of jobs and open many doors. You’ll be a jack of all trades, but mastering those trades means having a diverse skill set and a unique ability to link different areas of knowledge together. This is particularly useful in managerial roles where you need to understand and empathize with different departments. 3. Taking the Leap: Leaving Stability for Passion A significant question many young professionals wrestle with is whether to leave a stable job to pursue their passion, even if it means facing financial risks. Frankie shared his personal journey of leaving investment banking to join Peter at MrMoneyTV. He realised that at a certain point, the value he brought to the company did not justify the compensation that he was receiving.  “That’s when I decided to take a leap of faith,”  Frankie explained. He admitted that initially, he wasn’t comfortable giving up his stable job, but after seeing the potential in MrMoneyTV, he went all in. Leaving his full time job was to focus on the potential behind what he believed in and stop all distractions from the past. “ I knew it was a risk, but it was a risk I had to take,”  he said. This shift highlights the importance of assessing personal values and what truly brings fulfillment to you. For Frankie, the opportunity to work on something meaningful outweighed the financial risks associated with leaving his full time job. 4. How Do You Know If You're Underpaid? Many people often wonder if they are being fairly compensated for their work. It is a burning question that almost everyone asks, especially when they just started their career and have no way to properly gauge their value. Frankie, who has experience in sales, shared that the moment he felt he was underpaid came from realising that the amount of effort and value he brought the company was not correlating to the compensation that he was getting. “In sales, it’s all about bringing in the numbers. When I wasn’t receiving the bonuses I felt I deserved for the amount of work I was putting in, I realized I was underpaid.”  He emphasized that while employers often sell a dream, the reality is that compensation sometimes doesn’t align with the effort you put in and it can become quite demotivating as an employee. Peter suggested that salary transparency can be achieved through casual conversations with colleagues. When you’re having a drink with your colleagues, they tend to let their guard down and are more open to talking about money. You’ll be able to get the benchmark salary of what you should be earning just by mixing around and getting real life advice. If you do this, you can easily gauge the market rate for your position. However, if you feel underpaid, you should at least try to give it your all before discussing the matter with your employer. If the situation doesn’t improve after that, it may be time to consider looking for other opportunities elsewhere. Conclusion: Striking the Right Balance Balancing career and money in your 20s is all about making smart choices, setting clear goals, and being patient. Both Peter and Frankie’s experiences show that while hard work and smart career choices are essential, financial security comes from more than just earning a paycheck – it comes from learning how to invest, making informed career decisions, and having the courage to take risks when the time is right. The key takeaway? No matter what path you choose, stay consistent, focus on building your skills, and always make decisions with both your career and your financial future in mind. Missed this live session? Catch the full video on our channel and share your thoughts in the comments. Btw, we are still running the competition to win a FREE exclusive omakase dinner so drop by our channel to watch the video, and give us a like & subscribe to stay notified on future events and comment the number of times we say our tagline, “Sip Sip Hooray!” , to stand a chance!  A lot of our live events share much more than what is shown on video, if you’re interested in future live events, click the link below to let us know your interests!

Our second live event in collaboration with Guinness focused on a topic that resonates with many: Dating in Your 20s . Peter and Frankie shared personal anecdotes, financial relationship advice, and answered burning questions on navigating the complexities of relationships. Here are the highlights: Building Confidence and Being Genuine The one message that was emphasized the most was the importance of building self-confidence and staying true to yourself. Be Yourself:  Confidence comes from doing what you love and perfecting your craft. When you focus on becoming a genuine version of yourself, you naturally attract people who appreciate you for who you are. Staying Grounded:  Relationships can be challenging, and it’s crucial to stay rooted in reality instead of falling into extremes. Define what matters in your relationship and build it on trust and mutual respect. Frankie’s journey to finding his wife was a heartwarming tale of serendipity. Starting as university course mates, his playful nature eventually evolved into deeper conversations and genuine care. Their relationship blossomed when he realized the value of their bond during her move to Australia. This story is a reminder that sometimes, love finds you when you least expect it. Navigating Finances in Relationships Money can be a sensitive topic in any relationship, but Peter and Frankie shared practical lessons from their experiences. Peter’s Take:  A relationship should be a give, give  situation. If it starts to feel one-sided, take a step back to evaluate without scrutinizing. Relationships evolve, and it’s important to allow time for adjustments. However, if issues persist, it’s essential to question whether the relationship is still healthy. Frankie’s Experience:  Balancing finances in long-distance relationships can be tricky. Flying to Singapore every weekend to see his fiancée became financially exhausting, but her understanding and willingness to share expenses kept things balanced. This mutual appreciation of effort and financial compromise is a cornerstone of any strong relationship. Partner Therapy or Pre-Marriage Courses? One audience question sparked a meaningful discussion on relationship guidance. Both Peter and Frankie advocated for pre-marriage courses as a way to open communication and set expectations before committing to marriage. These courses encourage reflection and help couples strengthen their bond. While therapy can be valuable, they warned that biases from a therapist could complicate relationships. For couples in early stages or without significant issues, a course provides a less intrusive way to foster growth and understanding. The Takeaway Relationships in your 20s are about self-discovery, mutual growth, and finding balance. Whether it’s through building confidence, navigating financial challenges, or opening up through courses, the key is to remain genuine and intentional. Missed this live session? Catch the full video on our channel and share your thoughts in the comments. Btw, we are still running the competition to win a FREE exclusive omakase dinner so drop by our channel to watch the video, and give us a like & subscribe to stay notified on future events and comment the number of times we say our tagline, “Sip Sip Hooray!” , to stand a chance! A lot of our live events share much more than what is shown on video, if you’re interested in future live events, click the link below to let us know your interests!

When I first set out to renovate my home, I estimated that RM400,000 would cover the costs, but I never knew that things could quickly spiral out of control! Hidden costs in renovation eventually crept up, and it wasn’t long until my budget went up to RM700,000!  Curious about how this happened? I shared the full details in a video on MrMoneyTV’s YouTube channel, where I also sat down with Peter to dive deeper into the subject. However, if you’re pressed for time, let me give you a few quick tips I shared in that video. Learning from Others’ Mistakes Renovating a home can be expensive, no doubt. But it’s possible to manage the costs if you focus on what truly matters.  This is where I was actively doing a lot of research and learning from other people’s mistakes to prevent costly errors from happening any further, which is something I recommend you doing more of while you organise your renovation plans and budget! Compare Prices  For example, I compared prices for the necessary materials, appliances, and utility items for the project from various places. While I was mindful of how inflation affects their prices and how much I would need for the house renovation, I wanted to still achieve practicality and functionality while still remaining practical and being within a budget. In fact, that’s where Joven came in handy with its range of practical appliances that offer long-term value. Joven’s products, like their water heaters, may not be fancy, but they’re reliable and more affordable than high-end brands. If you’re on a budget but still need quality appliances, Joven is definitely worth considering. Don’t Be Cheap on Professionals Here’s a critical lesson I learnt from this home renovation project: don’t skimp on architects or structural work. If there are hidden structural issues in your home, and if you’re not a pro at it; you need the right people to address them, much like consulting a pharmacist before getting the right medication. In my case, the foundation of my house wasn’t strong enough for the new design, and it cost RM50,000 to reinforce it. Then came architect fees, permits, and unforeseen demolition costs—all unavoidable if you want a safe and functional home. Don’t try to save in these areas; instead, invest in structural integrity. Save Where It Counts While it’s essential not to cut corners on professionals, there are areas where you can save, like getting Joven’s affordable and functional appliances that are perfect examples of quality without the luxury price tag for your newly renovated home.  I’ve used their products, including their Water Heater that’s lasted me more than five years! It’s still working perfectly and only cost me a fraction of what other brands would charge. It’s about balancing where you spend and where you save. You don’t need the most expensive brands if functionality and longevity are your goals, and that’s exactly what Joven delivers. Be Mindful In the end, home renovations cost a lot for most of us, and they can come with hidden expenses that can catch you off guard.  From permits to structural repairs to rising material costs, it’s easy for a budget to balloon out of control. But if you plan carefully, learn from others’ experiences, and balance where to save and where to spend, you can still keep things manageable. By doing so, you can also make room for affordable appliances that focus on functionality to fulfil their purpose. For more insights on navigating these challenges, check out the full video on MrMoneyTV’s YouTube channel. Trust me, you’ll want to avoid these pitfalls when tackling your renovation projects! Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

City living might seem glamorous and full of life, but the daily grind of living in a busy and vibrant city can become too consuming, eventually making you feel overwhelmed. So, it is not surprising that many who were once city dwellers are now choosing to live further, even when the commute could take up a chunk of their time in the mornings and evenings. The reasons are simple: a chance to connect to a real home and regain a sense of peace and tranquillity. Escape from the city As Malaysians embrace a more contemporary and flexible working arrangement, living further from the city is not only doable, but it also offers a chance to recharge and refresh the mind.  Home should be where people can connect with nature and a community, enjoy their favourite leisure activities at ease, and not have to constantly live in a rush. This is the where the mind flourishes and contributes to better mental health as people attain a balance between work and life. Financially, living away from the city has its perks as property prices are more affordable, without sacrificing living spaces. This is particularly great for long-term plans like starting a family and eventually owning properties at greater value. Plus, townships outside the city are now more accessible and provide all the essential amenities such as medical centres, schools, lifestyle & commercial centres and recreational parks. Modern living with a laid-back charm Recently, our team had an opportunity to visit the idyllic area of Seremban 2, specifically Sutera S2 Heights Aman, a township developed by IJM Land that is nestled amid lush landscapes and rolling hills of Negeri Sembilan. It offers an ideal setting for living outside the city, with a township cleverly constructed to suit the needs and tastes of a modern family and young professionals, while keeping a sense of community and connection to nature. Serene location with easy connectivity Sutera S2 Heights Aman is easily accessible via the nearby toll exit to PLUS highway. The township is located closer to Selangor and KL, making the journey into the city bearable and shorter, compared to locations further into Negeri Sembilan. Nevertheless, access to important amenities such as the KPJ Seremban Specialist Hospital, Columbia Asia Hospital Seremban and Klinik Kesihatan Seremban 2 is just within 15 minutes. There are around 14 choices of school, ranging from government to private schools. There are also plenty of commercial hubs and malls within reach, such as the S2 Uptown Avenue, AEON Mal, Mydin Mall & Lotus’s Hypermarket. Chic and smart residential homes We then had the chance to tour one of the show homes of Sutera S2 Heights Aman. It’s impressive how they have considered the modern needs in mind - the homes are all equipped with a digital door lock, which is part of its smart home configuration. An added convenience for electric vehicle (EV) owners is the ready-installed EV isolator point on the car porch. This thoughtful feature eliminates the need for any additional installation, saving you thousands of ringgit in installation costs. The layout of the home adopts an open space concept, with ample natural light and airflow. Again we were impressed with the design that incorporates accessibility elements - the room on the ground floor has a toilet with a sliding door and a ramp, which is helpful for wheelchair users or families with elderly people. The homes are all surrounded by greeneries, with walking paths surrounding the guarded neighbourhood and solar-powered street lights illuminating it at night. We also visited the pet-friendly park that is designed for residents to allow their pets to wander safely. Additionally, there will be 2 other parks which are a 12-acre lake park and a 3-acre kids adventure park. Overall, we find Sutera S2 Heights Aman a pleasant area to live in and desirable for those who are looking for a place that is not too far and not too near to KL. With well-designed homes and neighbourhoods, it’s perfect for those who want to have a simple and laid-back life but at the same time don't want to be disconnected from the modern lifestyle needs. Looking to make Seremban 2 your next home? Watch our full video on MrMoneyTV’s YouTube channel to learn more about our visit to Sutera S2 Heights Aman and what it has to offer!

When it comes to investing, most Malaysians are familiar with local brokerage firms that allow them to buy stocks on Bursa Malaysia. But what if you wanted to invest in global tech giants like Apple, Tesla, or Google? Or explore opportunities in European and Asian markets? That’s where Interactive Brokers (IBKR) comes in. Interactive Brokers is one of the most powerful and low-cost trading platforms in the world, giving investors access to markets across 33 countries and 150+ exchanges. Whether you're a beginner looking to invest in well-known global companies or an experienced trader seeking advanced tools, IBKR has something for you. But what makes IBKR stand out? Here are five key features that every investor should know. Earn Interest on Cash Balances Most Malaysian brokers don’t pay you anything on your uninvested cash. If you sell a stock and leave the cash sitting in your account, it just sits there—not growing. But with IBKR , your idle cash can actually earn interest, helping you maximize every ringgit. Here’s how it works: Unlike local brokers, IBKR lets you earn market-rate interest on your uninvested cash. However, there’s a small catch— IBKR does not pay interest on the first USD 10,000 (around RM45,000) of your cash balance. Interest is only paid on amounts above this threshold, and the rate depends on your Net Asset Value (NAV)—the total value of your IBKR account. For Malaysian investors, this is a huge advantage, especially if you hold large cash balances while waiting for the right investment opportunity. Why This Matters for Malaysian Investors: Higher returns on your cash  – Unlike most local brokers that offer zero interest, IBKR helps your uninvested funds grow. Better than a savings account?  – With market interest rates around 3.83% for USD, your cash could earn more than what Malaysian banks offer on savings accounts. Ideal for investors with large portfolios  – If you have USD 100,000 (approx. RM447,000) or more, you qualify for full market-rate interest. If your balance is lower, you still earn some interest, but at a reduced rate. Example: How Much Can You Earn? IBKR Cash Balances Rate and Tiers Let’s say you have USD 20,000 (RM90,000) in cash in your IBKR account. Since the first USD 10,000 doesn’t earn interest, you only earn on the remaining USD 10,000. If the annual interest rate is 3.83%, that’s USD 383 per year (around RM1,700)—just by keeping your cash in IBKR instead of a regular brokerage account. This makes IBKR one of the best options for Malaysians looking to make the most out of their uninvested cash. While it may not benefit smaller accounts as much, for serious investors, this feature adds real value. Access to Global Markets Most Malaysian investors only trade on Bursa Malaysia because that's what local brokers offer. But let’s be honest—Bursa Malaysia is small compared to global markets, and many of the world's biggest investment opportunities lie outside Malaysia. With IBKR, you get direct access to global markets, including: U.S. (NYSE, NASDAQ):  Invest in companies like Apple, Microsoft, and Tesla. UK (LSE):  Trade stocks of major British firms. Japan (TSE):  Get exposure to big names like Toyota and Sony. Hong Kong (HKEX):  Invest in Chinese tech giants like Alibaba and Tencent. Why Does This Matter? Let’s say you believe AI is the future. Bursa Malaysia has very few AI-related stocks. But with IBKR , you can easily invest in companies like NVIDIA (NASDAQ: NVDA), one of the biggest players in AI development. Or maybe you want to invest in U.S. ETFs that track the S&P 500 or Nasdaq. Again, most local brokers don’t offer this, but IBKR gives you full access. Simply put, IBKR lets you diversify your portfolio beyond Malaysia, giving you access to the best investment opportunities worldwide. Low-Cost Trading and Transparent Fees One of the biggest complaints about Malaysian brokers is their high fees. Most charge between 0.1%–0.42% per trade, with a minimum fee of RM8–RM12 per transaction. This might not seem like much, but it adds up, especially for frequent traders. IBKR , on the other hand, is known for its low-cost trading. U.S. stocks:  Trade for as low as $0.005 per share (with a $1 minimum). IBKR Lite:  Offers zero commission on U.S. stocks and ETFs. Forex and Options:  Some of the lowest spreads in the industry. The best part? IBKR doesn’t hide fees in small print. Everything is transparent—you know exactly what you’re paying for. Whether you're an active trader or a long-term investor, this can save you thousands in fees over time. Advanced Trading Tools for Every Investor Most Malaysian brokerage apps are basic—you can buy and sell stocks, and that’s about it. IBKR, on the other hand, is packed with powerful tools for investors who want more control. Trader Workstation (TWS):  A professional-grade trading platform with real-time market data, advanced charting, and risk management tools. API and Automation:  Want to automate your trades? IBKR allows integration with Python, Excel, and even custom trading algorithms. Mobile App:  A simplified version of TWS, perfect for investors who want to trade on the go. Even if you’re not a professional trader, IBKR provides all the tools you need to make informed decisions and manage risk effectively. Margin Trading with Low Interest Rates Margin trading allows you to borrow money to invest more than your actual capital. Think of it like taking a loan to buy more stocks. This can amplify profits—but also losses—so it should be used carefully. IBKR offers some of the lowest margin rates in the industry, meaning if you use leverage, you pay much less in interest compared to most brokers. Example: Let’s say you have RM10,000 but want to invest RM20,000 in stocks. With IBKR’s low-margin rates (as low as 5.83% for USD), your borrowing cost is significantly cheaper than most competitors who charge double-digit rates. Of course, margin trading isn’t for everyone. But for traders who know what they’re doing, IBKR’s low rates make it much more affordable. Is IBKR Right for You? Now that you know IBKR’s best features, you might be wondering whether it’s the right platform for you. The answer depends on your investing style and needs. IBKR is a great choice if you’re looking for access to global markets beyond Malaysia. Unlike many local brokers that limit you to Bursa Malaysia, IBKR allows you to invest in stocks, ETFs, options, futures, forex, and bonds from over 150 exchanges worldwide. If diversification is important to you, IBKR gives you a significant edge. Another key advantage is its low trading fees and transparent pricing. Traditional brokers often charge high commissions, hidden fees, or currency conversion markups. With IBKR , you get some of the lowest rates in the industry, ensuring that more of your money stays invested. If you tend to keep idle cash in your brokerage account, IBKR offers another benefit—you earn market-rate interest on your uninvested funds. Unlike other platforms where your cash sits idle, IBKR ensures you earn a return even when you’re not actively trading. For traders who rely on advanced tools, IBKR stands out with its powerful Trader Workstation (TWS), real-time market data, and automation features. Whether you use technical analysis, custom trading algorithms, or need integration with Python or Excel, IBKR provides a robust platform to support your strategy. However, it does come with a learning curve, so it’s best suited for investors who are comfortable with more advanced tools. That said, IBKR may not be the best fit for everyone. If you only trade Bursa Malaysia stocks, a local broker might be more convenient, offering easier funding options and a more user-friendly experience. Similarly, if you prefer a beginner-friendly app with a simple interface, IBKR’s complexity could feel overwhelming. Ultimately, IBKR is a powerful platform designed for investors who want global access, low fees, and professional-grade tools. If those features align with your goals, it could be an excellent choice for your investment journey.

Choosing the right investment broker is crucial for beginner investors when starting their investment journey. With numerous platforms available, finding one that offers a balance of user-friendliness, cost-effectiveness, and comprehensive features can be challenging. Interactive Brokers (IBKR)  is a renowned global brokerage firm known for its low fees and advanced tools, but is it suitable for beginners? In this article, we’ll review IBKR’s offerings, features, and usability to help you decide if it’s the right platform for you. What is IBKR? Interactive Brokers (IBKR)  is a Nasdaq-listed online trading platform established in 1978, bringing over 40 years of experience to the industry. The platform offers access to a diverse range of investment products, including stocks, options, futures, and forex , IBKR caters to both individual traders and institutional investors worldwide. Fees When choosing a broker, you want to find one with transparent and competitive pricing that includes reasonable borrowing costs and favourable currency conversion rates to maximize your investment potential while minimizing trading expenses. Account opening: Free Trading Fee: 0.05% - 0.10% of trade value ( depending on chosen plan ).  IBKR Commisions fee structure Tools & Resources Fee: Extra charges apply (depending on chosen plan and tools/resources) IBKR Tools and Features Margin rate: 6-8% (depending on the selected currency) Conversion rate: Because MYR is not accepted on IBKR, the conversion rate will vary depending on which bank you choose.  One advantage of IBKR is that it combines all of your day's trades in a specific stock and charges you a single fee. For example, if you split RM5,000 worth of a stock trade into 10 separate RM500 entries, IBKR would charge you approximately RM5 for all 10 trades. In comparison to moomoo Malaysia , which charges RM3 or USD0.99 for each trade you make, if you attempt the same trade 10 times, you will end up paying RM30 because each trade is charged separately. This benefits active traders who make multiple trades within a day , as your trades can be stacked in a single transaction to save cost . Investment products and market access IBKR  offers a wide range of investment products, including stocks, ETFs , options, futures, bonds, and forex,  with market access  in over 150 markets across the United States, Canada, Europe, Australia, India, and Singapore.  The platform is a powerhouse for advanced traders looking to apply their complex trading strategies and explore international investment opportunities. Features, tools and learning resources IBKR GlobalAnalyst  The GlobalAnalyst  feature allows traders to identify specific global stocks based on price-to-earnings ratios, market capitalization, growth rate , and so on. This tool helps traders find stocks at potentially undervalued prices across the globe , saves time by allowing targeted searches, and simplifies comparison by presenting relevant data in one place. IBKR GlobalAnalyst feature Reporting Suite The Reporting Suite  includes reporting functions that help generate comprehensive reports on trades, positions, performance, risk, taxes, and other topics . This feature enables traders to further customise their reports for highly segmented analysis and export them in text, CSV, and PDF formats. Trader Workstation Trader Workstation (TWS)  is Interactive Brokers' desktop trading platform that provides tools and features for trading stocks, options, futures, forex, bonds, and funds on over 135 markets across the globe. Users can simulate or engage in live trading by logging in with their IBKR account or trying the demo mode. Additionally, TWS offers tools for watchlists, order entry, portfolio monitoring, and more. The platform can be downloaded  from the IBKR website, with no login fee, although some advanced features may require a subscription. Learning Materials IBKR Campus offers a range of educational resources , including the Traders' Academy portal , which hosts high-quality content from both in-house and third-party educators . Beginner investors can greatly benefit from the Traders' Academy, where they can access free courses to understand IBKR's trading tools and build their financial knowledge. The academy provides courses for investors at all levels, covering various markets and currencies, to help them establish a solid financial foundation. Accessible through the Education menu on the Interactive Brokers website or Client Portal, Traders' Academy is a valuable resource.  IBKR Traders Academy is beneficial for beginner investors who want to build their financial knowledge. Additionally, IBKR Campus features Traders' Insight , which provides investors with market analysis and trading strategies from professional traders and industry experts. This feature is essential for advanced traders to stay updated on specific market trends and to refine their investment approaches. You can access Traders' Insight through IBKR Mobile  by tapping the Home icon in the bottom navigation menu , then swiping up to the Learn section . User-experience and platform design on A user-friendly interface directly impacts your ability to navigate markets effectively. It enables quick decision-making, ensures easy access to essential data, and facilitates smooth trade execution, which is crucial for seizing market opportunities.  Interactive Brokers  is a powerful platform packed with a whole spectrum of products and trading tools that sophisticated traders will enjoy. The platform is known for it’s robust infrastructure, which ensures high-speed data transmission and trade execution. However, the interface's complexity can pose a steep learning curve for beginners because its advanced functionalities can be challenging to navigate.  Setting up your IBKR account You can open an account with Interactive Brokers here . There are two types of accounts you can open: a cash account (where you use your existing funds to trade) and a margin account (where the broker lends you money against your securities as collateral). Interactive Brokers sign up page Following this, you'll proceed to complete a more detailed application. The application involves filling in over 10 sections , which should take you around 20 minutes . The platform evaluation typically occurs within 1-3 days. You’ll also need to verify your identity via e-KYC and phone number , in addition to providing a copy of your bank statement . This thorough verification process is geared towards professionals seeking extensive market access and a robust, secure platform.  How to fund your IBKR account Before you start trading, you’ll need to fund your account. Since IBKR  is not registered in Malaysia, the Malaysian ringgit is not supported by the platform. Here’s how you can fund your international brokerage account:  Bank transfer Transfer your funds using your bank’s Foreign Telegraphic Transfer (TT) service  from your local account in MYR to IBKR’s international account. Again, the currency conversion fees will be charged by your bank. Please keep in mind that this is not an instant transfer and that your funds will most likely take a few days to reflect in your account.  Wise transfer You can use a Wise  multicurrency account so your funds can be converted into a supported currency and deposited into your IBKR account. Wise has competitive rates and is a great option for you to fund your account. Instarem Alternatively, you can use Instarem , a cross-border payment service that supports ACH direct debit payments, which is the cheapest option to fund your account. After successfully funding your account, you can start placing orders to enter your first trade . Pros and cons of IBKR Pros Cons Low commission and trading fees Pricing can vary depending on plan Sophisticated and comprehensive tools for experienced traders Extensive tools might be overwhelming to beginners and can be a steep learning curve High-quality educational content for investors at all levels Doesn't support MYR currency Wide range of investment products Doesn't support MYR currency Nasdaq-listed broker with over 2 million users Conclusion If you’re interested in investing, Interactive Brokers  is definitely a recommended and trusted broker. However, it is worth taking note that the complexity of the platform can be quite intimidating and is not the most beginner-friendly platform for new investors. Disclaimer: This is not investment advice. All content produced is solely for educational and entertainment purposes only. Please consult your financial advisor before making any investment decisions. Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Two weeks ago, we teamed up with Guinness for an incredible live event, where we dove deep into workplace dynamics and offered career advice tailored for new employees and fresh graduates. From relationship-building strategies to managing expectations with your boss, this session was filled with actionable tips that you can apply right from day one on the job. Here’s a summary of the key points discussed: Building Trust in Your First Month on the Job For fresh grads, the emphasis was on establishing trust as the foundation for a strong relationship with your boss. To kickstart this, one critical approach is to make a positive impression within the first month: Showcase Who You Are : Use the shortest time possible to demonstrate both your professional skills and your personality. Don’t be afraid to let your bosses & colleagues know what kind of person you are because at the end of the day, they’ll trust someone they know rather than not. Engage with Your Boss : Fresh grads tend to be quiet and reserved, but open conversations with your boss can make a world of difference. Help them understand your thought process and build trust by sharing how you approach tasks. Be Transparent About Weaknesses : Don’t hide your areas of improvement. Instead, ask quality questions and focus on learning from feedback. In contrast, try to avoid boasting about what you ‘can’ do as well! Imagine yourself in a situation where you’ve constantly mentioned something you can do but end up failing. It will only decrease the trust people have in you. Bond Beyond the Office : Sharing a drink (responsibly!) can improve workplace relationships significantly. When alcohol is involved, we tend to lower our guards and be more open to expressing ourselves. These are the best times to get to know your boss as a person and understand their values. Navigating High Expectations Without Prior Experience A common concern is dealing with bosses who expect self-sufficiency and results usually expected from seasoned professionals. Here’s how we suggested managing this: Clarify Expectations : Avoid basing your perception solely on what colleagues say. Sensationalized information often spreads through office gossip, so focus on feedback directly from your boss. Manage Expectations Proactively : Nearly 80% of success in the workplace is about managing expectations. If you’re assigned a project, inform your boss early on where you may face challenges and seek their guidance. In the end, it also covers yourself if you fail because you’ve already informed them of your challenges ahead of time. Seek Resources : Don’t hesitate to ask what resources or support you can access to improve the process and meet expectations. Without the necessary resources and support, it will be a tough road to thread in your journey of growth. Knowing When to Reassess Your Fit in the Organisation Another question tackled when it’s time to reassess working hard to please your boss or fit into the organization: Align Goals : Within your first five years, it’s vital to explore what kind of professional you want to become. Evaluate if the company’s objectives align with your personal career aspirations.  Question the Value of Your Role : If your current role doesn’t help you grow into that person, it may be worth reconsidering your position. If it does, and you’re simply facing challenges, assess whether the goal is truly unattainable or if it’s something you need to persevere through. Handling Bosses Who Don’t Recognise Your Work One of the last questions discussed was how to interpret a boss who doesn’t acknowledge an employee’s independent achievements: Understand the Motivation : Sometimes, bosses may feel threatened by employees who outperform them or display strong problem-solving skills. This can be more common in corporate settings where competition is high. Corporate vs. Startups : Unlike startups that value and cultivate talent to solve problems, some large corporations might breed a sense of competition. In these environments, bosses may worry about their position rather than nurturing talent. These were just a few of the insightful questions we covered that night. Attendees enjoyed even more off-camera discussions, which provided exclusive insights for those who joined us live! If you missed out, don’t worry! We recorded & edited the session on YouTube for those of you who feel FOMO ! So drop by our channel to watch the video, and give us a like & subscribe to stay notified on future events. Plus, if you comment the number of times we say our tagline, “Sip Sip Hooray!” , you stand a chance to win a FREE exclusive omakase dinner! Click here to let us know if you’d be interested in future events—don’t miss the chance to be part of our next exciting discussion!

Gold has been a reliable asset throughout history and regained importance as both a safe-haven asset and an investment tool . But why is it so valuable? With geopolitical tensions, inflation, and the shift toward de-dollarisation , gold is used for hedging, its growing relevance in futures trading, and it’s still considered a reliable store of value , even with the rise of cryptocurrency . Kelvin Ho, the Head of Derivatives at Affin Hwang Investment Bank, shared his insights on this subject matter with Peter (founder of MrMoneyTV) in a recent video on our channel , titled Malaysian Investment Banker Reveals The Future of GOLD , where they talked about gold’s evolving role in the financial world, especially in today’s economic climate. The Role of Gold in Today's Geopolitical Landscape Undoubtedly, gold’s value has surged due to inflation, geopolitical tensions, and de-dollarisation. Kelvin highlights how central banks are increasingly stocking gold to hedge against the weakening US dollar, demonstrating gold’s continuing role as a reserve for wealth protection. Gold Beyond The Physical: Futures Trading Gold has also moved beyond just a physical asset. Kelvin explains how gold futures trading allows investors to hedge ( meaning:   a way of protecting oneself against financial loss or other adverse circumstances ) against market volatility , offering a way to lock in prices for future transactions, making it an attractive option for those seeking to balance risk in unpredictable markets. Gold's Predictive Power In the past, gold prices have risen during times of instability, like wars and pandemics, making it a key indicator of global economic health . Kelvin points out how this trend continues, with gold acting as a safe-haven asset in times of crisis , reflecting investor sentiment toward market risks. Gold vs. Cryptocurrency: A Fair Comparison? During this conversation, gold was compared with cryptocurrency, highlighting how gold’s physical, tangible nature makes it more reliable. It’s mentioned that, unlike crypto, gold doesn’t depend on technology , making it a secure store of value , especially in the face of uncertainties like power outages or regulatory changes. Gold in Investment Portfolios Gold still remains a vital hedge for investors looking to protect their portfolios. By incorporating gold into investment strategies, investors can mitigate potential losses during market downturns, making it an essential asset for diversifying risks in today’s volatile economic environment. Final Thoughts: Gold in Malaysia Matters Now More Than Ever Given today’s global uncertainties, gold stands out as a trusted, stable asset for investors and governments alike. Whether through central bank reserves or futures trading, its importance in finance continues to grow, offering security in an unpredictable world . Hungry for more knowledge? Check out this video on our YouTube channel for more in-depth insights into how gold can play a crucial role in your financial strategy . Subscribe to our   financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

If you’re aiming to break free from the ordinary path and build (real) wealth , it’s crucial to avoid common pitfalls.  Many believe that becoming wealthy is all about working hard and saving money , but it’s more nuanced. The truth is, you need the right mindset, habits, and strategies about building wealth. In this article, we’ll explore seven general mindsets you should avoid if you want to achieve financial success and build wealth. It’s not just about making money—it’s about making smart choices and investing in yourself and your future. 1. Working Just For Money Many fall into the trap of taking well-paying jobs that offer no growth opportunities. This is when it’s important to see the long-term picture to build wealth —building skills and equity, not just earning a pay cheque. To put yourself on the right track, it’s wise to learn some high-income skills like sales copywriting, project management, or website development that make you a valuable asset over time. 2. Buying A Luxury Lifestyle It’s easy to be tempted by flashy cars and expensive holidays, but most people living this way aren’t truly wealthy. They often end up piling on debt just to appear “rich.” Instead of buying depreciating assets like cars, invest in appreciating assets like stocks, real estate, or cryptocurrency. These investments grow in value, which is key to building real wealth over time. 3. Doing Everything Yourself The saying goes, “If you want to go fast, go alone; if you want to go far, go together.” Even successful entrepreneurs like Elon Musk started with a supportive network. Collaboration is key here —it’s completely okay to leverage your team members’ skills to boost your growth. If you’re working side hustles, consider how you can delegate tasks to others who are better suited to handle them, rather than exhausting yourself unnecessarily to get something you’re unfamiliar with, done. 4. Having Too Many Inputs It might seem smart to gather many opinions when you want to build wealth, but too much advice can overwhelm you. You wouldn’t know exactly which advice to take in. How do you find clarity? Start by defining a clear goal and focussing on the advice that truly helps you reach it. Embrace quality over quantity by seeking insights from experts in specific fields rather than cramming your mind with advice from a wide range of influencers. 5. Being Ego-Driven Arrogance can be a wealth killer. If you assume you know everything, you’re likely missing out on learning new trends or technologies that could help you create more value. Staying humble and open to learning helps you grow. Remember, what you know is just the tip of the iceberg . True success lies in understanding there’s always more to learn. 6. Passing the Blame Ultimately, you’re responsible for your own growth and financial situation . In other words, make it a personal value to take responsibility for your actions. Instead of always blaming external factors when things go wrong, focus on what you can control — your willingness to learn and acknowledge mistakes . Shifting to a growth mindset can help you overcome obstacles and keep moving forward past mistakes. 7. Staying Static While it’s understandable our comfort zone feels safe , it can become a prison if you stay in it too long. Staying static won’t allow you to find new opportunities that can transform your financial life.  How about giving yourself a challenge by taking more (manageable, calculated) risks and be open to exploring untapped markets or industries?  At the same time, expanding your skill set and gaining new experiences can broaden your perspective on building sustainable wealth. It's Not Just About Money to Build Wealth Building wealth isn’t just about money. It’s about developing the right mindset, skills, and network. By keeping these pitfalls in mind, you are setting yourself up for success in your financial life, and you are on track in building long-term wealth that surpasses yourself .

During a time of rapid decolonisation by the former British Empire, the Malaysia Agreement 1963 (MA63) was signed between the UK and Malayan government to form Malaysia . It was meant to bring Malaya as well as Sabah (formerly known as North Borneo) and Sarawak into a union with promising futures together .  While Sarawak has made strides in recent economic growth, neighbouring Sabah unfortunately still lags behind, facing numerous challenges to grow their economy, despite having an abundance of natural resources in their backyard . This divergence highlights some critical issues worth exploring as fellow Malaysians. In this article, I will break down the economic disparities, the daily cost of living struggles, and what efforts are being made to boost Sabah’s economy, including recent government initiatives and potential investments. Two Vastly Different Economies After MA63 61 years since MA63 was signed, in 2023, Sarawak’s GDP per capita stood at RM72,411 compared to Sabah’s RM31,147 —reflecting a significant gap between the neighbouring states’ economic growth. This gap isn’t just a number —it affects the daily lives of Sabahans.  As the cost of living rises, many find themselves struggling to make ends meet. The economic disparity is evident in various aspects of daily life, from food prices to housing costs, especially for those at a lower and even middle income level. High Costs, Low Wages in Sabah People thought the daily life in Sabah was affordable, but it can be (relatively) expensive.  For example, a bowl of fresh fish meehoon soup or kolo mee via food delivery can start from RM12 to RM18. On top of that, housing prices have surged, with a 1-story terraced house costing around RM510,000 and rents reaching RM1,600 per month in some areas.  Yet, the average monthly income for general workers is between RM1,600 and RM1,700. This mismatch between costs and wages places a heavy burden on the average Sabahan family, making it a challenge to cover basic necessities easily while trying to save more for future plans or big life milestones. Lack of Infrastructure Development While Sabah is a popular tourist destination, locals face significant infrastructure issues . Underdeveloped roads make commutes longer and more expensive , affecting everyday activities like getting to work or school, especially for those living in rural areas of Sabah. For students, reaching educational institutions in larger towns or cities is a struggle, limiting their access to better opportunities. Similarly, workers find it difficult to pursue better job prospects located in distant areas due to high commuting costs and time.  This lack of infrastructure not only inconveniences them but also slows down economic growth by limiting access to education and employment opportunities, key factors for bringing impoverished communities out of poverty lines. Sabah’s Economic Struggles Beyond infrastructure, there’s a further shortage of highly skilled jobs in Sabah.  As the Sabahan economy relies heavily on low-skill jobs in commodities, manufacturing, and ecotourism industries, it leaves little room for career advancement.  This lack of career opportunity has led many young, aspirational Sabahans to seek better prospects in Peninsular Malaysia or even overseas, contributing to a brain drain that further hinders the state’s much-needed economic development. Over-Reliance on Commodities As mentioned earlier, Sabah’s economy heavily depends on commodities like cacao, palm oil, and oil and gas exports. While these industries add to the state’s GDP, they haven’t grown fast enough to match the needs of Sabah’s 3.74 million people as of 2024.  This reliance on a narrow economic base limits the state’s potential for internal development and makes it vulnerable to fluctuations in global commodity prices due to the Sabah state’s heavy reliance on the commodities industry. Tourism: A Booming Industry Tourism (ecotourism specifically) is another key industry in Sabah , attracting 1,761,651 tourists as of July 2024. While this influx of visitors is great for local businesses, the wealth generated doesn’t trickle down to the average citizen evenly.  Despite receiving many tourists into their lands, many Sabahans don’t feel the benefits in their everyday lives. The industry alone hasn’t been enough to drive substantial economic growth or significantly reduce poverty in general. The Importance of Infrastructure However, for Sabah to truly unlock its potential , significant investment in infrastructure is necessary . Improved roads, schools, and hospitals could create a more conducive environment for businesses , leading to more job opportunities.  The current state of public utilities and infrastructure is also holding the state back, making it difficult for businesses to operate efficiently and reducing the quality of life for residents. Recent Government Efforts Nevertheless, the current Chief Minister of Sabah, Datuk Seri Hajiji Haji Noor, recognises these challenges and is focussing on attracting foreign investments in technology and renewable energy into Sabah.  The goal is to diversify Sabah’s economy away from its sole reliance on commodities, creating more high-value jobs that have better pays. This shift could enhance the spending power of Sabahans , improving their overall quality of life and boosting economic growth domestically. New Investments on the Horizon There’s hope on the horizon with potential investments in Sabah’s tech sector too! Recent news reported that the US-Asean Business Council and Chinese investors have shown interest to do so, which could help diversify Sabah’s economy, creating more high-skill jobs, and improve the GDP per capita.  If these investments materialise, they could provide the economic boost that Sabah needs to move towards a more balanced and sustainable growth model. Sabah’s Push for Autonomy Prime Minister Anwar Ibrahim has recently committed to fulfilling promises under MA63 for Sabah , including transferring regulatory power over gas supply and appointing state representatives to the Inland Revenue Board. While this is a positive development, the journey to gaining full autonomy is not without its challenges.  Sabah’s demand for 40% revenue from the federal government is still pending, and there are concerns about needing royal assent and navigating political considerations. However, this push for autonomy signals a promising shift toward greater state control over resources, which could be pivotal for Sabah’s economic future. Sabah’s Resource Management Although MA63 promised Sabah to have control over its natural resources, much of this control has been handed over to federal agencies . Gaining it back could allow Sabah to fully leverage its natural assets for economic growth.  More financial autonomy means the potential for investing in infrastructure projects that can benefit everyday Sabahans, improving their quality of life. Sabah’s GDP Outlook Investments in technology and renewable energy could be game-changers. With interest from the US and China , Sabah has the chance to broaden its economic capacity, moving beyond its current reliance on commodities and tourism. This diversification could pave the way for more high-skill jobs and a more robust economy. Promising Sectors & Economic Transformation Looking ahead, the signs are promising . Anwar’s commitment to MA63 and the interest from foreign companies in technology and renewable energy suggest that Sabah could be on the brink of significant economic transformation. If successful, these efforts could turn Sabah into a hub for green energy and tech innovation, driving further economic growth. Hope for the Future In summary, while Sabah faces significant challenges, there are also ample opportunities for growth . The steps being taken toward greater autonomy, attracting foreign investments, and diversifying the economy are all moving in the right direction . If Sabah can tackle its infrastructure issues and create more high-skill job opportunities, the future looks bright.  After 61 years since the MA63 was signed, it’s time for Sabah to fully realise its economic potential. Let’s remain hopeful for Sabah’s journey towards progress and prosperity! Subscribe to our financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.

Recently, Peter and Frankie visited a new project called Berkeley Uptown Residences  in Klang (not Damansara Uptown’s Uptown Residences). This new development offers a fresh take on living in an area known for its rich history and active commercial life. Located Near to Boston Restaurant and Sri KDU International School One of the first things they noticed was how well-located Berkeley Uptown Residences is. It’s  close to familiar landmarks like Sri KDU International School and Boston Restaurant , making it a great spot for families and young professionals. The area is both convenient and well-established, offering a balance of comfort and accessibility. What makes Berkeley Uptown Residences special is how it blends the old and the new. The project revitalises the nearby commercial areas while keeping the local charm intact. This balance of modern homes in a familiar neighbourhood is what sets it apart. Forward-thinking Facility Design at Berkeley Uptown Residences The facilities are another big highlight. With swimming pools, sports courts, and spaces for kids, the development provides more than just a place to live. It’s designed for a community-focused lifestyle. Plus, the smart home system  allows residents to control their homes remotely, adding a modern touch to everyday living. Peter and Frankie were also impressed with how well the space is used. The homes are not only stylish but practical, ensuring that every bit of space is functional . Modern Convenience Meets Established Neighbourhood Charm In short, Berkeley Uptown Residences offers a great mix of modern convenience and the charm of an established neighbourhood, making it a standout project in Klang. Still interested in this new project in Klang? Watch our full video on MrMoneyTV’s YouTube channel  to learn more about what Berkeley Uptown Residences 2 has to offer. Subscribe to our financial newsletter  for the latest news, insights, and advice on personal finance, investing, and more. With every email, you’ll gather the confidence and knowledge to make informed decisions to achieve your financial goals.