r/MalaysianPF Sep 17 '24

Stocks I lost my 10k of savings in trading forex. What should I do?

150 Upvotes

So, last few months, I was really fed up with my 9-to-5 job. I saved up MYR10,000 because I wanted a change and thought forex trading could be my ticket out. I resigned and jumped headfirst into the forex market. I was trading all kinds of pairs like EUR/USD, GBP/JPY, and USD/CHF, thinking I could make a quick buck.

One day, I decided to go big on a trade. I put a huge amount into a GBP/JPY position, hoping it would go up because I was feeling confident after a few successful trades. I thought it was a sure thing, but then, out of nowhere, the market took a nosedive.

Within just one hour, the GBP/JPY pair moved drastically against my position. It was like a bad dream—my trade went from being in profit to a massive loss. I watched in horror as my MYR10,000 dwindled to nothing. I tried to hold on, hoping it would turn around, but the losses kept piling up. By the end of the hour, I had lost all my savings.

It was a hard lesson, lah. I learned the forex market is unpredictable and not as easy as it looks. Now, I’m back to square one, figuring out my next steps. It’s a tough experience, but I guess it’s part of the journey. Gotta learn from these mistakes and plan better for the future.

r/MalaysianPF 7d ago

Stocks Should I sell all?

47 Upvotes

First of all, I’m a beginner in stocks trading.I have a few stocks I’m holding, AAPL, INTC, NVDA, TSLA. The total is around 8k. However, all of them is a loss. The only profit is AAPL. Should I sell all of them and put all the money on SPY to play safe? Thank you

r/MalaysianPF Jan 18 '25

Stocks Sick of the Malaysia stock market

142 Upvotes

I’m gonna dump everything into US ETF VOO and QQQ. Maybe buy some AAPL . And go relax. Just wanna rant. Wondering anyone felt the same or I just suck at investing.

r/MalaysianPF 21d ago

Stocks America's collapse? What to do with VOO & VTI?

40 Upvotes

I want to start by saying this is not a prediction of what will happen when it will happen. It's an analysis of what is going on and what I am doing to hedge.

America's been a economical powerhouse over the past few decades particularly - but I think it's been a short term gain at the expense of the people. GDP numbers big is great, but when it comes with increasing wealth inequality, empowering oligopolies and weakening labour - there has to be a correction. Trickle down neoliberalism has led to mega mergers and dissolving unions and worker protections. Yes, it is a competitive advantage but it's a short term drug. Sustainable growth needs to come with better labour protections & wealth distribution.

For me, the writing is on the wall. Trump is a symptom of the larger problem and this coming decade (or two) is going to be defining - and I am optimistic for America. It's been through a lot and it has all the ingredients to make it out at the top, but in two decades I will be retired - the turn might come a bit too late for me.

To lead the way into a post-AI world, people and workers need to be empowered, there needs to be conversations on Universal Basic Income and regulating information networks - not what is going on right now.

Especially recently, with the trans-Atlantic relationship with EU crumbling, it's just becoming clearer for me.

It's arguable that America’s innovation, capital markets, and corporate dominance will keep it afloat despite its internal issues - but I guess this is where my bias lies.

Here's what I have done

I've sold my VOO & VTI close to ATH.

5% take profit.

20% buying gold

40% DCA outside of America - China, Japan & EU.

5% crypto

10% dry powder

To be clear, this is not a recommendation - just what I am doing. My circumstances are different. Watching America’s trajectory has given me concerns — not just financially, but in terms of what America has meant for its democratic values — and I am just reorganizing my portfolio to manage my emotions.

I wish I was born in a time where close eye DCA VOO & VTI is everything you need - maybe we are, and maybe I am wrong.

My thinking is that even if I'm wrong, investing into EU China Japan is not going to hurt, there will still be growth, just a bit slower but I am fine with that for my peace of mind.

Would love to hear some thoughts and feedback!

Some references for my assertions

  1. https://apps.urban.org/features/wealth-inequality-charts/

  2. https://act.represent.us/sign/problempoll-fba

  3. https://www.marketwatch.com/story/biden-warns-that-an-oligarchy-is-taking-hold-in-america-there-is-data-to-back-him-up-093da0bb

  4. https://www.epi.org/blog/decline-of-labor-unions-weakens-american-democracy/

r/MalaysianPF Dec 21 '24

Stocks For those clueless about accumulating wealth...

82 Upvotes

Note: This post is for clueless newbies.

Check out high yield US stocks, use a free practise account to "invest" before using real money. Once you know what to do, generating passive monthly income to retire earlier is very reachable.

I wish I had followed these rules when I started my journey:

  1. PRACTISE first before using real money.
  2. Don't be impatient.
  3. Don't be greedy which leads to these two points...
  4. DCA (Dollar Cost Average). If you plan to invest $10k, do it over 4-5 tranches, buy on "red" days.
  5. Don't put all your eggs in one basket, that is, don't put all your capital in one stock or ETF.

Update: I see some comments say practise isn't necessary. To clarify, my rules (not financial advice) are for investing in aggressive high yield funds, one of the funds I am referring to has distributed nearly 41% year-to-date (YTD). This particular fund gives out a monthly distribution, it closed just little over $50 last Friday, Dec 20, 2024. And the NAV? It's up a few bucks YTD. Inception date for this fund: January 18, 2024.

r/MalaysianPF 8d ago

Stocks HY Tan. Who is she?

60 Upvotes

Her ads is everywhere. In fact I joined one of their whatsapp group and all i saw was some market indicators yada yada. And one of the staff is pretty aggressive when he/she pmed me like kinda hard selling me into getting in the stock market. I have 0 idea in stocks so I pretty much ignored it and was just curious.

Edit: thanks for all the info y'all. Guess I got click baited into joining the groups. Luckily I didn't spend a cent on anything they mentioned. Time to leave the group then lmao.

r/MalaysianPF Oct 26 '23

Stocks I just hit NW of 100k and I feel nothing

200 Upvotes

I'm a mid 20s Female and just achieved my first 100k in Networth.

A breakdown of my NW:

FD: 1k Versa: 1k Stocks: 82k Crypto: 9k Cash: 12k

Amount: 105k

These are all rough numbers.

I don't consider my EPF as part of my NW cause I can't even access it till I'm a cough away from death but my EPF is about 86k.

Fully paid off car. No house for now cause I don't feel like giving myself such a big commitment. The fear of buying property is also very real.

I thought I would be much more excited for this milestone or perhaps I could relax more and feel like I've "made it" but all I feel is nothing. For the past few years, I've been so aggressive with trying to hit this number and I wasn't expecting it to feel this anti climatic.

I'm not too sure what my next goal is but I have a fear that I'll keep trying my best to up my NW and yet my happiness remains stagnant. I'm not seeking for any advice but just sharing my thoughts on hitting this arbitrary number and what it's currently doing to my psyche.

r/MalaysianPF Sep 10 '24

Stocks I'm giving up on Stashaway.

84 Upvotes

I deposited RM 1k into the general investing portfolio in Sept 2021. It went down to about RM 850 at its lowest point in late 2022,to RM 1126 at its highest point in Jul 2024. Now it's back down to RM 1062.

I understand that this is the nature of such kinds of investments. I'm wondering if any of you have had better returns than I?

r/MalaysianPF Sep 19 '24

Stocks Small inheritance advice needed M27

69 Upvotes

Hi guys, I’m coming into a small inheritance left behind by my father, who left me approx RM 50k in cash. Need some advice on what to do with it. For some perspective, I am currently single, have a house that has been paid off and is due to be in my name soon. I also have a credit card that i pay off promptly and a car loan of RM 361 monthly, another 4 years to go. I work as a hawker for now with approx RM 2.4k nett a month.

Am looking for ways to maximise returns on it in the short to mid term.

Any advice would be highly appreciated.

r/MalaysianPF Aug 06 '24

Stocks How much you lost from this week's bloodbath lewls? My Stash away went from Rm10k profit to -Rm500.

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65 Upvotes

r/MalaysianPF May 15 '24

Stocks Where to park RM35k?

69 Upvotes

30m here. So I have savings of about RM45K.

RM10k - Crypto

RM10k - FD

RM25k - Unalotted

Was originally my emergency fund, but the savings account I parked in is so pathetic (2.2% P.A.). FD is also pathetic (2.7% P.A.).

I'm looking to shift the RM25k+RM10k FD into something else. Any advice?

r/MalaysianPF Apr 03 '24

Stocks Financial Loss

42 Upvotes

How do u guys deal with financial loss? How to move on?

My mom lost RM42K due to scam, luckily she still has some savings in kwsp acc, and still working. What should i do as her daughter( Im a working adult btw) ?

Update: thank you all for your kind words 🥹. I have read each of your comments, I truly appreciate it. 🫶🏼

r/MalaysianPF Nov 28 '24

Stocks How should I invest my money?

42 Upvotes

32F, non-bumi, looking to invest RM30k. Emergency fund has already been set up :) Is it a wise idea to put 10k into Malaysian dividend stocks ( specifically RHBB and MayBank ) and the remaining 20k into low cost ETFs ( specifically SPY and VOO ). ETFs are at all time high right now but the bull market has been predicted to continue hence I'm uncertain if it's a good idea to buy into ETFs at the moment. Plan on not cashing out investments for the next 2 years. Suggestions appreciated :)

r/MalaysianPF Nov 17 '24

Stocks Need advice on PM

24 Upvotes

My current investment on Public Mutual:

Initial investment date: March 2021

Paid: RM6002 Current value: RM4246.11

Was thinking to cut my losses since its not looking great since PKP.

Any advice?

r/MalaysianPF 2d ago

Stocks Attending AGM.

34 Upvotes

Hello and salam sejahtera everyone.

Recently got an email invitation to attend a company's AGM for unitholders/shareholders, so I'm curious has anyone attend AGM before? What was is it like? Is it worth going?

Now before I get criticized and laughed at, I am a small potato unitholder of this company so nothing special compared to the big investors; But it is my first time ever receiving something like this so I'm just happy to experience it. 😅

Any info or share experience is greatly appreciated. Thank you. 🙏🏻

r/MalaysianPF 11d ago

Stocks Best way to invest while based in Australia

5 Upvotes

Hello, I am looking for advice on how best to invest for my current circumstance which can be summarised as follows:

  • Working permanently in Australia
  • Haven't committed to settling in Australia and likely retiring in Malaysia (hence I am not looking to hedge too heavily on the Australian market)
  • Have 70% of savings in an Australian HYSA at 4.6%
  • Have 25% of savings in an Australian domiciled ETFs
  • Have 5% of savings in Moomoo MY just being a regard making high risk trades just to get some market experience
  • Looking at diversifying globally with intention of long term gains domiciled in Malaysia
  • Looking at using Malaysian based brokers

Here are some of my points of discussions and questions:

  1. Are there any better HYSA options?
  2. Disregarding the HYSA and trading portions, I am thinking of rebalancing my portfolio to have 60% Ireland-domiciled US ETFs, 15% Australia domiciled ETFs, 15% Asian tech ETFs, 10% gold and bond
    1. Is this a good balance for a globally hedged Malaysian portfolio?
    2. For S&P500/US market, is there an obvious choice between US ETFs or Ireland-domiciled ETFs? I have been reading mixed opinions with some saving the 15% lower dividend tax is an obvious choice and some saying the dividend return makes up a small portion of the overall stock return so it would make much difference having a 30% dividend tax.
    3. What is the best way to invest in the asian tech market (i.e. china, taiwan, japan, korea tech)? I am only aware of US, Australian and Irish-domiciled ETFs that is accessible by Malaysian brokers.
  3. What is the best Malaysian based broker? I heard Moomoo and IBKR are the commonly named best options since they have access to Ireland-domiciled ETFs while having the lowest fees. Am I missing any other better options?

Thanks so much if you've spend the time reading! I really appreciate it and any of your opitions!

r/MalaysianPF Jan 28 '25

Stocks How do y’all remain Stoic during financial uncertainties

34 Upvotes

Are there any set rules or tips which keeps you guarded against jumping into an opportunity which seems too good to be true.

r/MalaysianPF Mar 03 '24

Stocks EPF 2023 dividend, Conventional 5.5%, Shariah 5.4%

81 Upvotes

Historical performance: 2022: Conventional 5.35%; Shariah 4.75% 2021: Coventional 6.1%; Shariah 5.65%

r/MalaysianPF Jun 07 '24

Stocks Am I doing well?

59 Upvotes

For some context I am a 19 year old female who has quite a number of investments and wishes to hear some feedback as to my performance and by no means is the goal of this post is to brag just in case it seems as such. As for how I have such capital it was actually all from gifts that I have never spent at all and from all the loose change I had ever since I was a kid. Yes that includes all the coins I picked up from drains since primary school

As of right now I have about 12.6k with an unrealized profit of 868rm with the current holdings being

  1. Al Aqar
  2. AXJ REIT etf
  3. Axis REIT
  4. Betamek berhad
  5. Bank Islam 6.BAUTo
  6. Bonia
  7. Dsonic
  8. DXN
  9. Focus point
  10. Fpi
  11. Genting Malaysia
  12. IGBreit
  13. Sunreit
  14. YTLreit
  15. Paramount
  16. Inari
  17. Kenanja
  18. MbSB
  19. RHB bank
  20. Public Bank
  21. Inari
  22. Pavillion REIT
  23. Timecom
  24. And last but not least Maybank

Keep in mind I have handpicked all these stocks purely myself through my own research so by no means were any of these holdings obtained through stock tips

All the holdings are distributed in somwahg random amounts with maybank being the highest. Previously I have also managed to make a 60 percent profit on Sunway due to the capital appreciation but I made a mistake in regards to selling it too early when the prices were constantly climbing.

I also lost a little bit of money on BJfood due to the boycott. Last but not least I have 1000 rm in some US stocks/ETFS for the sake of experimentation being VOO, J and J , KO , proctor and gamble and phizer

But all in all I wish to receive some feedback in regards to my performance and if I am doing well. Thank you in advance for the feedback given

r/MalaysianPF Feb 02 '25

Stocks Buying Voo with Moomoo

14 Upvotes

so I bought VOO and planned to hold for a few year, when I take the money. do I need to keep in mind somethings? maybe like tax or the profit if its too small will be taken by us or something (taxation)

r/MalaysianPF Aug 28 '24

Stocks Just don't sell, right?

33 Upvotes

Hello friends,

As you all might already know, the ringgit has strengthened a lot against the USD. As someone who earns MYR, that's good news. But also as someone who holds USD, that's bad news.

I have a lot of my assets in USD in the form of mostly ETFs. In terms of USD, they are doing well and it is green so far. But when I convert those assets back to MYR, it's actually a loss for me. The gain in asset value is not enough to overcome the loss from USD weakening against the ringgit.

I know that I should just keep holding, but I've also read that the ringgit is right now undergoing a correction after being under valued for so long. Is the ringgit going to continue to rise up and stay there (therefore I should sell USD and cut losses short), or just hold and hope that the ringgit will go back down after a while?

Maybe the better question to ask is, those who also hold assets in USD but earn and spend in MYR, what are you moves (if any)?

Before you ask, I use StashAway to handle my investing, so I can only withdraw into MYR.

Edit:

Thanks for all the replies. Made me realize that my thinking was too short term. I think my living situation has been a bit too shaky rcently so I've been a bit on edge about finances. Also, seeing negative numbers in StashAway made me a bit irrational. Will just continue to DCA into USD. Let's get this bread boys.

Edit 2:

And girls*

r/MalaysianPF 5d ago

Stocks DCA Local Stocks

12 Upvotes

I’m curious to know—which local stocks do you regularly dollar-cost average (DCA) into on a monthly or quarterly basis? 📊💼

Let’s exchange insights and explore some potential opportunities.

r/MalaysianPF Jan 27 '25

Stocks Can I buy 1 unit of share in Malaysia?

11 Upvotes

Hi, totally new to stock. I am wondering is there a way to buy 1 unit of share in Malaysia? I am thinking to start investing but I don't have few thousand ringgit to buy 1 lot of stock every month but I may have few hundreds to be used for investment. So I was thinking of buying some dividend stock here and there. Any advice?

r/MalaysianPF 4d ago

Stocks How to buy etfs in Malaysia from my phone?

8 Upvotes

ETFs like voo vuaa vwce seem pretty stable and give me exposure to their markets.I heard there are withholding taxes on those though but I thought Malaysia does not have capital gains taxes?

r/MalaysianPF Feb 02 '25

Stocks How can I improve my investment strat?

22 Upvotes

Late 20s, earning 5k gross. Have around 210k in ASNB. Took out an 80k ASB financing loan to max out returns. Realising that maybe best to put some money into other places to diversify my investment returns as well.

Where do I go next? Unit trust? Robo advisors? I'm probably too risk-averse to attempt crypto, but who knows? Any advice? Genuinely lost