Can i download binance on an iphone in Malaysia?

Hi all, I’m looking for advice/opinion regarding the following:

Situation 1

The current family house is under my mother’s name. She wants to write a will so that in the event anything happens to her, she wants to house to be in my sister’s and my name.

1. How do we go about this?
2. Let’s say in the future, if my sister wants to sell the house, she needs my signature too?
3. Would there be any issue with my sister (house will be mainly for her use) wanting to sell the house in the event I’m no longer alive? Or does somehow my share of the house go to my family (wife etc)?

Situation 2

I’m looking to change the car that my parents are currently using. The current car is a Wira that is already 20 years old, under mother’s name. We managed to renew the insurance last September. I’m thinking of getting either a Saga or a Bezza or maybe Ativa depending on discussion with my parents. Dad is still working and using the current Wira to travel long distance, regularly.

1. Which of these cars would be a better option? Or is there any other we should be looking into as well?
2. I’m making about 3.9k post-tax, epf deduction. Would there by any issue with getting either of these cars?
3. I heard that you can transfer the NCD from current car to the new car. Do we have to do this ourself or can car sales agent assist us?
4. We bought Wira’s insurance using its existing NCD. Can we transfer the NCD to new car while the insurance still active? What happens to the insurance amount we paid (using NCD) now that NCD is retrieved?

Situation 3

I own Maybank Petronas Visa card and use it regularly. Next year I’ve planned to try my luck working overseas. I’ll be taking my card with me and would like to make a supplementary card for my mum for emergency use.

1. Do I go to bank to apply for this or can I do online?
2. How soon do you think I’ll get this card?
3. The limit for both the cards are shared, right? My current limit is 8k.

Thank you all in advance.

I'm working freelance and I registered as a sole prop because I read one article that said that I can claim more deductions. Eventually I realised that there is not much that I can claim anyway because I'm just working from PC. So I closed the SSM sole prop after nearly a year and I want to use Borang BE instead of Borang B. But is this ok with LHDN? I'm leaving the country for good so I prefer to not have them contact me to take a flight back and explain my documents to them.

Hi All, this person from IFast Capital told me to invest here instead of EPF, wanna hear your opinions before I make a decision, my intention is for my retirement in about 20 years

WHITMAN

CLIENT’S NAME/INITIALS:
ACCOUNT NO: 0
PORTFOLIO NAME: M3 MP
DATE: 2-Dec-2024

iFAST Model 3 Managed Portfolio - Conventional (Original Allocation)

Total Investment Amount: 20,000 RM

Effective Sales Charge: 1.95%

Remarks:

i. Proposal is prepared based on date as mentioned above.
ii. Signing date may not be the execution date.
iii. Actual unit & value may fall or rise on actual execution date.
iv. The effective sales charge rate is based on initial portfolio bond allocation.

I may sound stupid for this, but how do the rich stay rich even though they have to pay a lot of tax?

Ive inherited money after my dad passed away a few weeks back. Ive used pretty much more than half buying assets or electronics that can provide a career growth for myself and Ive left with well around 16,000.

Ive put out 10 grand into a partnership business and 4 grand in ASNB. Also the other 2 grand was put into crypto and bursa divided equally.

As a 23 year old student whos ending his degree, is there any suggestions to shift the balance I have left into somewhere else. I cant touch the business funds because it gives me quite the money per week and is basically my allowance. Im also being left with a long term liability of well around 2,000. I also have a motorcycle to transport myself.

Edit: I earn an average of 800 ringgit per month (after mandatory expenses and short term loans) from the business and I do not know where to park my money monthly

Need help sifu 🙏

I have XRP token purchased some time ago. And I want to transfer the token to my crypto exchange. Unfortunately, I sent my XRP token in metamask wallet to ETH network in my crypto exchange. Can someone help me how can I retrieve my XRP token back?

Assalam dan hi guys, i need opinions from u guys. As the title stated, i would like to talk about bilik sewa. Right now saya tengah stay dekat bilik sewa dkat JB. Location, environment, facilities semua mmg lengkap sbb apartment kan. Yang lagi best betul betul belakang mall, tak sampai seminit dah sampai kalau nak beli barang ke apa. Yang tak bestnya ialah harga tu mahal jugak la. RM670 for balcony room, huhuhu aside from that smua best. So sekarang kawan saya ajak saya stay dengan dia bilik murah RM300 (tak termasuk bil api dan air). But the things is i need to sacrifice keselesaan sebab yang ni flat, bilik pun bersepah lagi, cockroaches tu jangan cakap la hahah. Tapi sebab murah 1 kali ganda kan. Kadang-kadang kita balik kerja pun penat mestilah nak tengok bilik katil kita cantik kan ? Tapi tu lahh, dengan perbezaan lebih kurang RM300, banyak gak tu. So what do you guys think ?

I’ve maxed out ASB & am now depositing into Wawasan & Didik. I’ve had the Wawasan & Didik accounts since before I started managing my own money so I never opened an ASB2. I’m wondering if I should close the Wawasan & Didik accounts & move all funds to ASB2 and work towards maxing that out, or keep it as it is.

Is this good enough? Should I look into Tabung Haji/Wahed/Fixed Deposits/Stashaway? Idk man. Feel like I’m not doing enough

https://ringgitplus.com/en/blog/apps/tng-ewallet-raises-go-limit-to-rm20000.html

I didn’t realise they have already increased the deposit limit from RM9,500 to RM20,000.

hypothetical question….

i just got 160K from my insurance provider due to recently being diagnosed with a critical illness (early stage cancer)..

considering putting the whole sum in EPF 3.. what do you guys think? any other methods of invesment which makea more sense?

Lets be honest. ;)

About to start my investing journey. Is QQQM still the best way to get into the nasdaq or are there any alternatives that has less tax?

Well I'm trying to choose between them to invest, every month I put rm100, but not sure still suitable to invest in the etf or not.

Currently I'm just putting into stashaway, on that s&p 500 only.

So, is it better to put into stashaway first, then move the money into either webull or moomoo? Or I just directly into them?

I wanted to find ways not to use stashaway anymore.

Which one is better, moomoo or webull ?

When do I submit/file my income tax form for 2024? Because I started remotely working in a US company this year(living in Malaysia). When I go to the LHDN website I can only file for 2023.

Also like when do I pay the tax, is it like after I fill it and what If I don’t have enough money at that point to pay the income tax, cuz this year couldn’t save that much money, got hospital bills and my wedding this year that happened, so I couldn’t saves 2k per month to pay off the calculated tax of 23k ( I tried calculating for 2023 to see how much it would have been)

Also during 2023 there were like a few freelance editing job I did maybe like 4-5 for the whole year because I was in uitm still studying, so should I file for that year and is that amount taxable?

PS ; did post about this like 2hrs ago but came out in the wrong way that I didn’t intent to 😅, so posting another one

And wrong title, so working in a foreign company 😅 not overseas

I just hit 30 not long ago, and I’m planning to retire (at least from any work/project based on monetary pursuits) around 63-67 if possible. I’m using the CoastFIRE approach and it involves predicting your monthly expenses after retirement. I come from a poor background so I think my current lifestyle is already comfy in comparison and don’t want more “lifestyle inflation”.

When calculating my individual expenses: If we put having kids aside, will my personal inflation-adjusted expenses always stay the same for the same lifestyle?

What are some of the things I might overlook? Some say I can expect the same as the rise of health/insurance expenses as we age will be offset by less spending on entertainment for example, or I don’t spend on commuting as much after retiring.

What about in the Malaysian context? What are some of the things that raised (or lower) your expenses when you got older? I hope I’m not being overly optimistic to think I can spend the same monthly after retirement.

*do note that we’re having this discussion inflation-adjusted, so for example a 6k monthly expenses today means 16.8k 35years later at 3%

I am having a debate with my friends on how to manage my excess funds.

Currently I have 3 months worth of expenses in my main bank account and every month I deposit half of my salary into ASB then teach myself to survive with the remaining amount left.

I like this method bcs its simple, gives me more time to focus on my career and ASB is pretty much the best low risk investment with principal guaranteed in Malaysia.

However, my circle keeps hounding me to diversify my investment by investing in stocks/property/gold. I’m getting tired of listening to them while I peacefully enjoy my maggi goreng ayam.

I don’t want to spend too much time on investing when my main goal is increasing my salary by solely focusing on my career. At the same time, I don’t want my savings to sit in a bank account earning nothing like some schmuck.

So I would appreciate some objective opinions from people here. Is ASB really the best way for a simple person like me to earn returns on their savings?

I run a sole prop wedding videography business and I am planning to buy another house to act as a base & office for my business. I don't live there, I have my own personal house. Can the house installment be treated as business expense?

And does does the house need to be commercial title/Soho or a residential title is fine? Thanks in advance.

I had known for a few months that the Maybank Air Miles will enforce a monthly redemption limit, while devaluating the current treat points conversion by 43%. Since then, I tried to convert my points but every time I just see 'We have hit our monthly redemption limit' page.

Hmmmm, maybe there were lots of people trying to convert their points before it devaluates further. So today I opened the Maybank website at 12.40am (the limit refreshes at 12.30am on the 1st day of every month).

The website was so slow and it took me a couple minutes to load the air miles redemption page. Selected the amount of air miles and waited for a couple minutes more.

But suddenly the redemption limit page pops up again!!! How can I still be too late for this when it was just 10 minutes after it opened??? I feel like I was grabbing concert tickets frantically.

This trick is just dirty. Devaluate the points then limit how much everyone can convert (of course everyone wants to convert before it devaluates further)

Recently I am looking to buy property from one of the very famous Fiabci developer (blue colour 5-letters word logo) It’s a newly launched project and target to VP around 2029. Went to showroom, lots of freebies offered which I think it is quite attractive. Booking done but haven’t submit loans yet (pending some doc from me)

My spider sense tingle yesterday suddenly when I chit chat with my friend about it. The developer is running with around 15projects concurrently, yet still offer so much freebies. Sounds too goood to be true. Would like to check if Anyone in construction/property financing industry knows the developer is running in healthy finance condition ? Should I proceed with it?

Hi guys, I have a home insurance that needs covering this coming January and I'm quite in a bit of a pickle currently, financial wise.

I have a CIMB CC (due 18th) and RHB CC (due 10th).

Wondering if there is any issue if I cash out on tng ewallet after topping up using rhb cc on the 11th to pay my cimb cc and then I topup my ewallet using cimb cc on the 19th to pay for my rhb. And then repeat for next month

I'm thinking of doing this buffering for at least 2-3 months until I get my bonus or tax relief funds sometime in April next year. Total is maybe around rm3k for the cash out to tng.

Appreciate any clarifications/ opinions. Thanks.

Hey guys, I’ve been doing some thinking (and a little Googling 🕵️‍♂️) about savings goals for people in their late 20s living in KL. It’s hard not to wonder… am I doing okay, or am I way off track? So here’s what I found—let me know if this checks out for you too:

What’s Considered “Normal” Savings?

💸 Age 28: RM60k–RM100k
💸 Age 29: RM80k–RM130k
💸 Age 30: RM100k–RM150k

This assumes you’re earning around RM4k–RM8k, not paying rent (hi, staying with parents gang 👋), and you’re saving at least 20–30% of your income.

But what are some anomaly in savings?

🚀 High Savings (Overachievers Club)

• Age 28: RM200k+
• Age 29: RM250k+
• Age 30: RM300k+ These are the ones earning RM8k+, investing early, and keeping their expenses low. Bonus points if they somehow avoid splurging on overpriced coffee ☕️.

💸 Low Savings (YOLO Squad)

• Age 28: Below RM15k
• Age 29: Below RM20k
• Age 30: Below RM25k Could be due to spending too much, debts, or a bumpy career start. No judgment, life happens.

Why This Matters (Sorta)

• If your savings look low, no need to panic, but maybe it’s time to start budgeting.
• If you’re on the high side - teach us your ways sifus 🫡

Money isn’t everything, but let’s be real, it helps. Whether you’re saving for your first house, starting a biz, or just avoiding makan maggi for the rest of your life, it’s good to know where you stand.

What about you? How’s your savings journey looking so far? Anyone out there hitting RM300k at 30? Let’s compare notes (and cry a little together if needed) 😅

Recently trying to purchase a house under development. When it comes to signing of legal contracts, why does it seems that there is no compromise at all? Some contracts presented to me are not beneficial to me and absolves the developer of some of the main responsibilities. Do you just blindly sign all the docs that the lawyer requires you to sign?

I'm 28, making 6k gross per month, no current loans or debts. Am interested in buying a 500k subsale apartment. Have approached the bank who said there's no issues with me getting a loan.

Pros:

• Less than 5 minutes walk from a Kelana Jaya LRT station near to city centre. This is a big one for me, I don't drive and plan to continue working around KL city centre.
• Fairly large, about 1300 sqft. Good layout, fits my needs perfectly.
• Older neighbourhood with nearby PPRs, other residences, its not the prettiest neighbourhood but adequate.
• Low-density - less than 50 apartments in a 10-storey building.
• Owner took great care renovating/refurbishing the apartment - looks great on the inside. This isn't a recent reno to make the apartment look good for sale, the owner's family used to live there and they are selling due to relocation. Apartment doesn't need any refurbishment and owner is willing to sell with the large furnishings (dining set, washing machine, fridge, sofa etc)

Cons

• Older built - apartment is 1990s. Agent said no issue with piping or wiring, lifts do need maintenance/repair so the management fee is a little higher now.
• Apartment is frankly very ugly on the outside. Not a looker, won't be winning any dates with this one.
• Apartment has no facilities, although not a huge deal since I'm not a big gym/exercise person.
• Agent was very honest and said it is extremely unlikely the property value will ever appreciate or go any higher, due to age of the building and new builds coming up nearby.

I know generally the advise is to buy for your needs. I'm just not sure that I NEED to buy an apartment, but on the other hand it ticks most of the boxes I want for a long-term residence and I do want to buy a property at some point. The location is also good for my purposes.

An additional thought is that, due to close proximity to LRT, I could rent it out if I don't like it. This isn't to gain profit but just to partly cover mortgage and build equity until I sell.

Glad to hear thoughts on this.

So i just signed an offer letter but then received a new one so my question is can i revoke?

I have received notice that my premiums will go up 30%, starting next year. I’m sure a lot of you guys need to start paying higher premiums moving forward.

What do you guys think about this? Continue the policy or go to gov hospitals?

The barriers to owning property is relatively high and oftentimes you end up with a property that was overvalued, which can be rented for up to 50% lower than your mortgage. I am hoping to discuss some options available for property owners

While there are rebates on new properties, there is still a matter of MRTA, progressive interest payments, legal fees, etc. that contributes to barriers in property ownership. On top of that, as you get older, instalments get higher because of shorter tenure; making it also challenging to buy another property despite being able to sell the existing property at breakeven.

When do we decide if a property is worth letting go and what are options that can be considered to salvage adverse situations in property ownership.

About the property:

1. Purchase price: 500k
2. Property type: condo
3. Instalment: 2.5k monthly
4. Rental income: 1.8k
5. Duration of rental: Nett 10.5 months/year (Based on 2 year tenancy with gap of 2-3 months in between tenants, assuming no agents and minor repairs needed)
6. Top up required: 12k annually
7. Market rate for rental: 1.5k-2.3k for rental
8. Market value: 400k-550k
9. Loan balance: 400k

Financial Background:

1. Despite top up, quite manageable. When I bought the property, it ate up about 60% of my nett salary, now it is about 12%. However, because of other commitments including own stay property, still a noticeable sum.

Possible options I can think of:

1. Status quo and absorb difference of payments until rental improves. If it does
2. Partition rooms and generate net even cash flow but possibly illegal. And upfront costs to create the partitions.
3. Furnish the unit. Potentially with credit card instalments to contain the upfront costs and get a higher rental, albeit not much difference.
4. Airbnb but challenging due to strict management rules on car clamping. Airbnb rate about 100-150/night but doubt the area attracts legitimate short-term rentals.
5. Sell the unit. Basically at a loss for the 400-1k potential annual interest income generated on the 12k difference used to subsidize mortgage-rental income

Appreciate discussion from property owners that are currently renting, have rented or thinking to rent your properties. Would like to hear how others manage their properties and what factors are considered when deciding to cut loss (or calculation that you can share for me to try based on my circumstances)

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 :)

Early this year I applied WISE card for a Japan trip. The trip has been postponed till now. Today I successfully withdraw cash from atm machine in jp by entering 6 digit pin. I also made few contactless transactions and they all succeed.

However, there are quite a number of retailers here only support pin transaction, even for small txn like 20+ usd. When I punch the same pin into retailer POS device, it was unsuccessful. I tried and failed twice, and now even on different retailer I think the device has a msg I only left 1 chance. This is my guess, as there's language barrier (both device msg and shop staff use Japanese). So now I'm not dare to use the card if retailer doesn't support contactless.

In WISE app there's a "Show PIN" btn, which reveals a 4 digit pin instead. Is the 4 digit pin shown in WISE app the transaction pin? I forgot how I set up the card, isn't withdrawal pin and transaction pin the same? Not sure if related, the 4 digit pin in app happens to match the first 4 digit of the 6 digit withdrawal pin I use.

Thanks ya.

I have some questions about the Maybank conventional loan and the advance payment facility.

What I understood and know is that I can make any amount of advance payment to my conventional loan to reduce the principle, and hence a lower interest charged, and I can redraw the advance payment out for a fee of RM25 per transaction any time.

My question is, is there any limit of advance payment that I can make to place into the loan account?
If so, what if I put enough advance payment to 100% cover the entire loan? What happens then? Because technically I am no longer indebted, and the bank will not be able to charge me any interests, as there is no more "principle" per say for them to charge an interest upon?

Will the bank automatically terminate the term loan contract and consider it an early full settlement? Then I will no longer be able to redraw the money if I need them?

Sorry if this sounded stupid but I just want to ask, thank you!