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Inflation and lifestyle costs can be a major headache. How can Malaysians earning RM8,000 today feel poorer than their parents, who earned RM2,000 twenty years ago? It’s not about bad spending habits. Many are budgeting, saving, and investing, but somehow still feel the squeeze. Why? Official salaries have risen 7.9% since 2020, yet household costs like food, housing, childcare, and insurance have surged 25% to 40% . In this article, we’ll break down exactly how much purchasing power Malaysians have lost and reveal practical strategies for T20 and M40 earners to regain financial control . If you’re earning RM6,000 or RM10,000 and still feel broke, it might not be your fault—but understanding the system and learning how to play it is your responsibility. 1. The Wage vs Reality Gap Bank Negara reports salaries grew 7.9% since 2020. That’s a good thing, right? Not really. Official CPI inflation  rose 9.8% in the same period. Real-life essentials are even worse: Category Actual Increase Food & dining out +40% Housing +35% Childcare +30% Healthcare & insurance +15% Transport +30% Think of your salary as a bucket of water. If your expenses grow faster than your inflow, the bucket empties faster, no matter how much you pour in. Example:  If you earned RM5,000 in 2020, a 7.9% raise brings you to RM5,395 in 2024. Meanwhile, your lifestyle now costs RM5,440, RM945 less purchasing power per month . 2. Inflation - The Daily Squeeze Everyday life paints the same picture: Food:  Nasi lemak rose from RM3.44 to RM3.72. Annual inflation on dining out exceeds 4%, turning a RM60 family dinner into over RM100. School tech:  Families now spend between RM2,000 to RM4,000 yearly on laptops and iPads just to stay current. Transport:  A Perodua Kancil cost RM25,000 in the 2000s. An Axia today? Up to RM50,000. Housing:  Damansara homes that once cost between RM250,000 to RM400,000 now cost between RM1.5 mil to RM2 mil. Add renovations, furnishings, and mortgage pressures, and the numbers are staggering. Every extra RM500 on essentials is RM500 you can’t invest or save. Compounded over years, that’s tens of thousands in lost opportunity. 3. The Sandwich Generation Trap Many 30-to-40-somethings support both ageing parents and young children . Healthcare:  Parental medical costs rise 10% to 15% yearly. Plans that were once RM300 per month now cost upwards of RM600. Childcare:  Between RM1,200 to RM2,500 per child per month, with bigger families paying more. Education:  Private school fees can go up to RM50,000 per year. Even public schools still add fees, activities, and enrichment classes. Even M40 families often fall into a gap: too rich for subsidies, not wealthy enough for private services . The sandwich generation feels pressure from both ends, faced with accelerating lifestyle inflation and limited savings. 4. Why the B40/M40/T20 Labels Are Broken Household income classifications can also be misleading: A single person earning RM5,000 is in B40. But two people in the same household earning RM5,000 each makes it a T20 household. Add three kids and the reality diverges even more. Khazanah Research Institute highlights that dependents, location, and disposable income  are ignored. Two RM12,000 families can have entirely different financial stress. Using these brackets as benchmarks is like judging runners in different weather solely by their speed. Context matters. 5. Breaking Free from Our Parents’ Playbook Sorry, but the old financial playbook doesn’t work anymore. Home Ownership Trap Houses that once cost RM150,000 are between RM1.5 mil to RM2 mil now. Spending 60% to 70% of your income on mortgages can kill long-term wealth. Lost opportunity cost:  An RM5,000 per month mortgage might block investments from growing by 8% to 10% annually. Renting and investing might yield higher net wealth. “Best for Kids” Trap Overspending on schools, enrichment, and gadgets teaches kids two hidden lessons: stress and poor money habits. Instead, why not show them financial discipline  and develop their problem-solving skills? Redefining Success Flashy car or luxury home no longer mean success today. Focus on financial freedom, options, and long-term wealth : Live aggressively below your means. Measure success by freedom, not appearances. Teach kids financial responsibility over indulgence. 6. The New Investment Reality Old strategies like fixed deposits no longer protect purchasing power. Expenses rise 20% to 40% faster than official inflation , so 6% portfolio returns may be negative in real terms. Some smart alternative approaches available today include: Stocks:  Look for sectors that can pass on inflation, like tech or healthcare. Cryptocurrency:  Keep a small amount for growth & hedging. International Exposure:  Getting into USD or SGD assets can protect you against any ringgit weakness. Remember that bucket example earlier? Smart investing requires both inflow (investments) and leak control (spending discipline). 7. Practical Next Steps Here are some steps you can take to help you better protect and grow your wealth. Short-term:  Track expenses, question “must-have” costs, and open investment accounts.  Mid-term:  Automate investing, research stocks or exchange-traded funds (ETFs), and align family spending priorities to make sure everyone is on the same page.  Long-term:  Redefine your lifestyle for wealth creation, involve kids in money decisions to teach them financial discipline, and aim for a portfolio generating about 30% of income. Conclusion The old rules, like obsessing over owning a home, overspending for kids, and keeping up appearances, all of this can keep you feeling broke. Understanding inflation, real costs, and active wealth-building strategies  empowers you to regain control. Financial freedom is achievable, but you need to understand the system, plan smartly, and make informed choices. If you prefer this in video form, check it out here on our YouTube channel! Disclaimer This is not investment advice. All content is for education and entertainment purposes only . Consult a financial adviser before making investment decisions.

Almost every other week it feels like there’s a new investment app in the market. And each time, they’ll be marketed as the “best trading app” or the “cheapest brokerage app”. But more often than not, they end up not  being what they say they are. This time, trust me when I say moomoo  is the only  investment platform you’ll need to trade US, HK, SIngapore & Malaysia stocks. Whether you’re a beginner investor or a seasoned one, this app offers a blend of advanced features, user-friendly design, and invaluable educational resources that cater to the needs of every investor. A Comprehensive Moomoo Malaysia Review [2025] What is Moomoo? Moomoo  is the latest investment platform to arrive on Malaysia’s shores.  Here’s their backstory: Founded in 2018 in California, moomoo quickly set a benchmark for solving investor's challenges with its pro-level trading services and data . By 2021, it made a notable entry into Singapore, becoming a top choice for one in every four Singaporeans .  In 2022, moomoo ventured into Australia, introducing intelligent-assisted technology in investment analysis  and winning four awards from Wemoney. The following year, it expanded its innovative platform to Malaysia and Japan, offering comprehensive market information, investor education, and interactive community features .  Additionally, moomoo aimed to revolutionise the Canadian investment scene by providing in-depth market insights and educational tools  to help investors navigate and seize opportunities. What Can You Trade With Moomoo Malaysia? You will be able to trade US, HK, SG, China-A, and Malaysian stocks , including ETFs, warrants, and REITs , all with this single platform There’s also the option to trade Shariah-compliant stocks  as well as to trade with margin, better known as margin trading . Is Moomoo Safe and Licensed In Malaysia? Now you might be asking, all of their features sound great but is Moomoo legal in Malaysia? The answer is, YES!   Futu Malaysia Sdn. Bhd.  (" Moomoo MY ") is a Capital Markets Services License holder and is regulated by the Securities Commission Malaysia  (SC). Additionally, it is also a  Capital Market Compensation (CMC) Fund Protected  whereby an eligible individual investor may claim up to RM100,000 on eligible Malaysia securities/related assets should an unlikely event occur. What Are Moomoo’s Fees? Moomoo Malaysia’s pricing and fees can be broken down into three categories. 1. Trading Fees For the first six months  since account opening, No commission Platform Fees To trade US stocks: USD 0.99/order To trade Malaysia/Bursa stocks: RM3/order So for example, if you were to invest in Stock ABC, whether for RM100 or RM10,000, you’ll only be charged USD 0.99 for US Stocks or RM3 for Bursa Stocks! Other fees 2. M argin Rate Moomoo Malaysia’s margin rate is among the lowest in comparison to other brokerages at a rate of 6.8% . 3. Other Services No fees are charged for other services like: Account Opening Fund Deposit in MYR Fund Withdrawal in MYR Inactive Account Transfer Stock in Here's how you can earn a Nvidia share with moomoo! Use our code "MMTV40" for an extra RM40! Account Opening Benefits: Enjoy 180 days of commission-free trades across the US, Malaysia, Singapore, Hong Kong, and China-A stock markets – that’s half a year with no trading fees! 5% Guaranteed Return with Cash Plus for 30 days (up to RM10,000) Exclusive Cash Rewards for Deposits Deposit RM1,000 or more and get RM140 in rewards: RM50 cash coupon RM25 x 2 stock cash coupons RM20 x 2 exclusive stock cash coupons (use our code: MMTV40 ) Deposit RM5,000 or more  to claim RM200 Nvidia Share  as a reward. Deposit RM10,000 or more to unlock RM500 Nvidia Share as a reward. Deposit RM30,000 or more and make 3 buy trades to receive RM1,000 Nvidia Share*! * Terms and conditions apply. Limited to 5,000 participants, first come first served. Here’s a little trick lah okay – once you’ve deposited your RM30,000 into your account have received the Nvidia stock along with the cash voucher* (which can be used to buy stocks or even Bitcoin ETFs), wait 30 days then you can withdraw your RM30,000 and keep the goodies. By then you can decide whether to sell the Nvidia stock or continue keeping it. But I’m almost certain you won’t do it because the moomoo app will change your experience with investing – that’s how good it is. How to Get Our Exclusive Rewards? Before we explore the app's features, for being our loyal supporter, we want to give you an exclusive reward  when you make your first deposit via moomoo 's app. Follow the simple steps below to earn our Exclusive Reward of a RM40 cash voucher  when you deposit at least RM1,000 for the first time : Step 1: Search for "Exclusive Deposit" at the top right corner before making your first deposit Step 2: Click in "Join Now" to find the "Deposit" page Step 3: At the bottom of the "Deposit" page, find "Exclusive code (optional)" and key in our promo code: MMTV40 What Features Do Moomoo Have? I’ve been raving about moomoo  a lot in this article and I genuinely think it deserves the hype because it is truly an all-in-one super app. In my years of investing, I’ve rarely come across an investment platform that offers as many features as moomoo does. These features (that I’ll get into later) are both easy to navigate yet comprehensive enough for first-time investors and even seasoned ones. Moomoo Features 1: Heat Map The heat map is a visual tool used to display the performance of different market sectors  in a clear and intuitive manner.  As you can see in the picture above, the colour of each sector indicates its gains or losses, with the intensity of the colour reflecting the strength of the price movement. This means that larger sectors represent larger market caps, and the colour intensity provides immediate insight into sector performance. Then, if you click on each sector, you’ll be able to see a chart of how the overall sector is doing, key stocks that contribute to the market movement of the sector, comments as well as news from said sector. This tool comes in handy when you are trying to quickly grasp the overall market trends  and identify which sectors or stocks are outperforming or underperforming . You’ll also be able to customise your settings such as sorting by market cap, volume, or turnover, and adjusting the number of sectors displayed, allowing for a tailored analysis that matches your investment strategy. Moomoo Features 2: Market Monitor The market monitor is a real-time tool designed to help you keep track of unusual activities across all stocks in the markets.  The tool identifies and alerts you to unusual trading volumes and price movements, leveraging filters like market region, price range, and market cap range to tailor the monitoring process to your specific interests or investment strategies. By using this feature, you’ll be able to stay ahead of market movements  by tracking unusual stock activities in real-time. For instance, by identifying stocks with unusual trading volumes and price changes, you might be able to spot potential opportunities or risks early. So, whether you’re looking to capitalize on short-term market fluctuations or want to understand broader market trends, this tool will prove to be very valuable. Moomoo Features 3: Industrial Chain The industrial chain feature provides a comprehensive overview of the various stages, companies, and associated stocks within specific industries , aiding in the detailed analysis of the production and distribution processes.  This tool offers insights into the upstream, midstream, and downstream sectors, alongside a streamlined process for informed stock selection by categorizing stocks based on their industry segment . For instance, in the electric vehicle (EV) sector, it highlights the complete chain from raw material suppliers to manufacturers like Tesla , which dominates battery pack production. This feature not only aids in identifying investment opportunities and risks, especially in scenarios like fluctuating raw material costs but also promotes strategic portfolio diversification  by encouraging investments across different parts of the industrial chain. Moomoo Features 4: Institutional Tracker The institutional tracker is a tool designed to monitor and display the investment activities of established institutional investors .  This feature provides you with  insights into the quarterly position reports of these institutions , showcasing data such as the market value of holdings, changes in holdings, the number of stocks held, and changes in the number of stocks held. It offers a comprehensive overview,  industry distribution of holdings , and a detailed list of holdings for each institution , allowing you to discern the investing logic, trends, and strategies of these major players in the market. The information you’ll get from this tool, helps you understand the strategic moves of institutional investors  and can guide you in aligning your investment strategies with market trends, identifying potential investment opportunities, and avoiding sectors or stocks that are being heavily sold off. Moreover, it offers  clues about market sentiment and potential future movements , enabling more strategic portfolio management. Moomoo Features 5: Investment Themes Just as the name suggests, the investment themes feature offers a curated insight into specific industries, interests, or institutions , providing you with a comprehensive overview that includes charts, company lists, shared comments, and relevant news related to the chosen theme. This tool is particularly useful for investors who are just starting out, as it simplifies the complex world of investing into more digestible, themed segments . New investors can benefit from the structured approach to understanding market dynamics, identifying trends within specific industries or interests, and gaining insights from the shared experiences and strategies of more seasoned investors. Moomoo Features 6: Trend Projection The trend projection tool is designed to enhance the efficiency of analyzing candlestick charts by enabling you to quickly find stocks with candlestick patterns similar to a target stock  and makes it easier to predict what might happen next with the stock you're interested in.  The way it works is that by comparing the patterns and trends of two candlestick charts through a specific algorithm, the tool calculates their similarity and offers forecasts on the future trend of the target stock based on the probability distribution obtained from historical trends of other stocks with similar patterns. This provides a solid foundation for speculating on future stock movements (if that’s what you’re into), making it a valuable tool for those looking to stay ahead in fast-moving markets. Usually, in order to get the information this tool offers, it takes a lot of time, manual labour and advanced knowledge of technical analysis. So, although this feature may be a bit of a stretch for beginner investors to use, it’s definitely one that seasoned investors who rely heavily on technical analysis will appreciate. Moomoo Features 7: In-Depth Insights Into A Company So far, I’ve been explaining some of the key tools that moomoo offer however, there’s an overarching feature that I’ve yet to mention – company analysis . Typically, when you’re using an investment platform, you’ll be able to get some  information on the specific company you’re planning to invest in like its share price movement and capital flow. However, Moomoo’s company analysis goes way beyond that. You’ll be able to get an in-depth insight into a company including the company’s valuation, market distribution, revenue breakdown, income statement, cash flows, shareholders, and insider activity to name a few. Generally speaking, everything you can find on a company’s financial report, you’ll be able to find in Moomoo’s company analysis. Moomoo Features 8: Comments and News Section Similar to the company analysis, the comments and news section is also an overarching feature that can be used in addition to the six tools mentioned above. For the comments section, it sort of works like X (previously known as Twitter) whereby, moomoo users can share their opinion or investment strategies with other users. Here’s the catch, since any user can comment their thoughts, it might not be the best feature to use if you want to make an informed investment decision. Perhaps using it to get a better understanding of market sentiment would be smarter.  As for the news section, depending on how you come across it, it might provide you with news on a specific company, industry or even investment theme. And of course, the news sources are credible and reliable, mostly coming from new portals like Yahoo Finance , Wall Street Journal  and Bloomberg . Moomoo Features 9: Learn More About Investing I think a common obstacle when it comes to starting one’s investment journey is that people don’t know where to begin and there’s too much information out there that it can feel very overwhelming, very quickly. Knowing this, the moomoo app offers a tab where you can learn more about investing. There are articles on top-performing stocks, beginner guides and even courses on technical analysis and the overall economy. It’s really like Investment 101 lah! Moomoo Features 10: Paper Trade  Along that same note of learning more about investing, moomoo also offers a feature called Paper Trade. This feature allows you to engage in simulated market trading without risking actual money.  Think of it as a practical lesson in addition to the theoretical one. This tool uses real market data to enable new and experienced traders, to practice trading, test out investment strategies, and familiarise themselves with various trading scenarios . Through paper trading, you can track the performance of your hypothetical investments, see the potential outcomes, and learn from the experience without the financial consequences of real trading. It’s worth noting that while paper trading offers a safe environment to learn and experiment, the emotional and psychological pressures of real trading can differ  significantly. Therefore, while paper trading is an excellent way to build foundational knowledge and skills, transitioning to real trading should be approached with caution. Step-by-step Guide: Moomoo Malaysia Account Opening Usually, with an investment platform, it takes quite a while to open an account because there’s an endless number of questions you need to answer and fill in. But with Moomoo Malaysia , it takes less than 5 minutes. Here’s how you can do it. 1. Fill in your Personal Details Click here  and start filling out your personal details like your full name, gender, marital status, birthday and so on. 2. Verify your identification You’ll be required to upload a picture of your identification card (IC) for both front and back. And as usual, make sure it’s clear, and doesn’t have any glares. 3. Provide your Residential Address Fill in your address and confirm if it’s the same address you’re currently residing in; otherwise, include your residing address as well. 4. Fill in your Tax Information Most of the questions should already be answered based on your personal details so you’ll only need to fill in your Tax Identification Number (TIN). It’ll look something like this: IG 12345678912. 5. Provide other information Some of the information you’ll be asked to provide here includes your employment status and financial information like your annual income, total assets, investment objective and period. 6. Complete your eKYC, verify your phone number and agree to the Customer’s Declaration Carry out your electronic Know-Your-Customer (e-KYC) which personally took me less than 30 seconds to do. Then, verify your phone number with the TAC Moomoo sends you. Finally, agree to the Customer’s Declaration. In just six simple steps, your moomoo Malaysia account should be up and running within 1-3 business days. Moomoo Malaysia Review: My Honest Opinion  I've been using moomoo for nearly a year now, and honestly, I find myself consistently reaching for this trading app over the others I have on my phone. Let me explain why. Starting with its features, unlike many other investment platforms, moomoo offers an  extensive range of tools , and what's even better is that they're all available for free! Typically, other trading apps charge additional fees for more advanced features, but with moomoo, I’m glad that that's not the case. Personally, I’m a huge fan of the heat map feature because it offers a visual representation of the overall sector performance, allowing me to quickly identify trends. I also really like the institutional tracker as it is quite interesting to me to see the investment activities of major players in the market. Moreover, I commend moomoo's commitment to educating investors . Their "Learn" and "Paper Trade" sections are particularly helpful for both beginners and pros, offering articles, guides, and simulated trading experiences to hone your skills without risking real money. Plus, the sense of community  in the comments and news section is great for staying in the loop and sharing insights with fellow traders. Now, when it comes to the UI/UX of the app, if you've explored different investment platforms, you may have encountered some that aren't very user-friendly and can be quite confusing. However, my experience with moomoo has been the opposite. I find it incredibly intuitive and easy to navigate , allowing me to access its tools and features effortlessly. The layout is clean and well-organised , making it a breeze to find what I need without any unnecessary clutter.  Overall, my journey with moomoo has been pretty great over the past year. It definitely stands out as a top-notch investment platform, especially for those who appreciate a balance between advanced trading tools and educational support . So, whether you're a beginner looking to dip your toes into the world of investing or a seasoned trader searching for an all-in-one solution, Moomoo could very well be the super app you've been looking for. If this article was a little too lengthy for you, I also made a video reviewing the moomoo app. You can check it out here . Disclaimer This is not an investment advice. All content produced is solely for education and entertainment purposes only. Please consult your financial advisor before making any investment decision. All views expressed in the article are the independent opinions of the author, which are not necessarily shared by Futu Malaysia Sdn. Bhd. ("Moomoo Malaysia"). No content shall be considered financial advice or recommendation. Moomoo Malaysia links are included in this post, through which referrals are made and I may receive certain commissions. Please contact Moomoo Malaysia for more information. 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 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 .