Hello guys, I have been working for the past two years in a permanent MNC job.

Currently i would like to invest my money instead of letting it sit in the bank doing nothing.

What would your advice be for investment or any app that can provide news? It can be like anything such as property investment, going for dividend or buy-low-sell- high trading for shares.

Does anyone have experience with nominating a non Malaysian for your EPF?

My wife is non Malaysian and I cannot find information online regarding this.

There is this option to nominate with passport number but passport number changes on passport renewal which is a hassle.

Also , what happens if double tragedy?

Will my kids currently under 18 who are also non Malaysian able to access my EPF ?

Thanks!

Hi all! I recently received an email saying that ASM3 units are now available (govt just released 700mil units) and was considering the following options:

1. withdraw money from my FD (matures in May2025) which earns a measly 2,65% p.a. and put this into ASM3. This would mean I’d have to forfeit the interest earned from May2024 till now.

2. leave my FD as it is and put my savings into ASM3 while leaving myself with 6 months of emergency funds (estimated 6 months emergency fund is around 20k).

I understand that the units are limited and I should grab while I can.

Also, how safe are these ASM funds? Heard that they are non capital guaranteed.

I am non bumi and relatively young (27 years old) looking for a safe place to put my money, if that helps.

p.s my risk appetite is low so I am not looking for other investment alternatives e.g money market, stashaway and etc

I (18) am new to investing and have started DCAing into VOO monthly. I recently found out about Irish domiciled ETFs like CSPX, which is taxed lower on dividends. However, IBKR didn't let me create an account because I have no investing experience. Should I move my investments to IBKR in the future and buy CSPX or just stick to buying VOO in FSMone. I am also asking because VOO/CSPX aren't dividend stocks right, will the tax differences be a huge impact?

Guys i have set aside 30K for renovations... But thinking of needing 10k to get that dream home...

Problem is how do someone get that 10K needed? Is there any other alternatives than personal loan? EPF can help? I have some money in ASN....but not much...

Hello r/MalaysiamPF! Got a few questions here that I was hoping to find some advice and answers for that may or may not be related to personal finance but career and life in general. Sorry for the messy formatting but it was at the top of my head.

1. I am a 20 year old who works part time due to university commitments and am earning around ~1.2k monthly for working around 17-20 hours every week. KL-TTDI area, around RM 12 per hour - is this salary alright for a part timer in TTDI or should I request for a raise as I have been working there for quite a bit (around 5 months) and am very familiar and efficient at my job?

2. As I still live with my mother and am not engaged in any activities which require me to spend money such as clubbing, or have any hobbies which drain me of money, where should I be investing my money to let it grow? I have been thinking of throwing all of it into KWSP/EPF or blue chips such as Maybank for my future. How about ETFs? And what proportions of money should I be throwing in every segment?

3. Are there any more tips to save and make money? At the moment I cook as much as I can at home and bring leftovers to work in order to avoid from spending on food as the area I work in is quite expensive.

4. In my opinion I feel like Malaysia is a very automobile dependant country and a car is what many people will be paying their loans off for which will take the most part out of their paycheck which is why I bought a RM20k second hand haval H1 car (30k mileage when I bought it) in cash with money I have made during MCO via hustling and savings in order to not burden my finance stream by having to service loans. Was this the right choice? Or was I better just getting a regular loan?

5. Credit cards, I do not own any credit cards but I do own a few debit cards such as gxbank and hongleong. Should I consider getting one to pump petrol? Can I get one with my part time payslip? If not, are there any debit cards which I should get that have the benefits of pre November GXbank?

6. I will be undergoing an internship for 3 months in January and would like opinions of which companies I should gun for and comparisons from people who have worked, interned, or are currently working. For context I am an IT student specialising in cybersecurity and computer networks. Should I be gunning for a big 4 company to beautify my resume? Or should I look for a smaller company in order to broaden my skills? How much should I be expecting as a fresh graduate and what would make me stand out as a go getter to employers?

Sekain, terima kasih R/MalaysianPF.

Hi first time investor here. I’m quite financial illiterate and trying to slowly get into investing. I’m 23y/o just started my first job so am planning to DCA ~RM500 per month into S&P500 on Stashaway. Any advices if this is the right way to start if I’m looking for long term safe investment? Any advice appreciate! :)

Hi everyone, I received an offer from a good company but its a yearly contract. Hence, no bonus and increament.

But I am thinking of accepting it as the salary is 16% increase from my current company; and also even though this is a standard statement said but if I do perfom then I can be absorb as permanent.

As I have to factor in the no bonus and increament part, I was thinking on doing the subtraction for the tax and epf first before accepting the offer, but I am not sure how.

I found this link and was wondering if anyone can advice if this can be used as a good indicator for salary amount after tax and epf cutoff.

https://my.talent.com/tax-calculator

Hello, i need some help understanding some things i couldn’t find on the internet. Planning to park 30k in ASB thus having to pay zakat (maybe)? Zakat offers tax rebate but i dont pay taxes since i live and work overseas. I’ve also never paid zakat before and do they even check? i thought it was voluntary? anyway, do i still have to pay zakat on it even though i do not reside in Malaysia? does anyone have any experience or guide on this? thank you!

This is for banks, loans, tax purposes.

For the past 1 year, my monthly freelancing income comes from 5-10 sources, up to 9-12k in total. I receive payments in cash/bank transfer. The income related documents I have received so far are,

• mostly cash vouchers
• screenshot of the bank transfer only
• monthly personal invoice that I issue to 1 company (not even sure if this is valid...)
• EA form from some companies

I don't have proper documentation for some of my income, especially early this year. Some owners paid me directly using personal funds whether by bank transfer or cash.

Early this year, I consulted LHDN and they advised me to just keep what I have, plus keep a simple accounting record for myself in case of an audit. They told me it is not necessary to register sole proprietorship or any company.

I hope to refinance my existing housing loan (started years ago when I was in full time employment) in the future and I am aware the bank will want to see proof of income. The bank executive said I am considered unemployed in my current state as a freelancer. Another one asked me to gather all my payment and we will try to work something out. However, there will be small gap in my actual income due some owners paying me directly.

What do you guys think of this situation?
Will I qualify for loans, CC, anything that requires a proof of income for employment/business?
Any suggestions?

Pls be kind, no flame, my baby butt skin is smooth but very thin only leh

Thank yousss

I’m currently exploring management trainee programs, but I’m unsure what to expect. For those who have been through it or are currently in one, could you share your experience? How is the work environment? Is it supportive or toxic? I’m genuinely curious and would appreciate any insights.

For me, probably move to somewhere peaceful like Tangjung Malim.

Hi all, I just updated my Android to 15 and now when I try to approve any secure2u transaction, there is no place for me to hit approve. I get the pop-up notification to approve the transaction, when I click on the notification, it takes me to the usual screen where it asks you to approve but there is no approve button in the screen anywhere

Anyone else faced this issue?

Hi fellow sifu, I’m new and just decide to use FSMONE to keep my idle money. However, I’m not really understand how the system works even tried to do research.

I had topup RM5k, I get USD 1127.79 (1 USD = 4.428) into it but immediately my total available balance in MYR drop to just RM4937.33.

CS explained it’s because when i top up is MYR to USD, however the total MYR amount is derive by USD to MYR for indicative purpose only so the amount will be different.

Is it means when I decided to use the service I’m already lost at least 1% of my capital?

Thanks!

I understand that I can withdraw all or partial from EPF when I reach between 55 and 60 years old. What happens if I still contribute to EPF voluntarily after 60 years old? Can I withdraw any amount or all from EPF after 60 years old? Anyone knows?

Does it work like a bank after 60 years old?

Looked up Glassdoor, Indeed and PayScale for salaries, but it's saying anywhere between RM4.5k to RM5.8k monthly for full-time. Need to figure out what's a decent/fair hourly rate. Details are as follows:

• Part-time
• Based in KL, but remotely
• Community manager (a.k.a. social media manager)
• I've little to no relevant experience in social media marketing, so I'm not expecting to be paid at the higher end of the salary range.
• Company is a startup, social enterprise at pre-revenue/pre-seed stage.

Does anyone felt trapped working in the same company but not being able to leave the company due to its certain benefit that tie you down. For example, the company i'm working with pays quite good bonuses to the employees. The only problem is that the bonus does not pay at the end of the year nor does it pay at the beginning of the year. They will only pay last years bonus during beginning of Apr the following year. I totally understand their reasoning because previously there were cases where once the bonus was paid out, there were staff who took the bonus and resigned on the spot and using the pay out bonuses to compensate for their notice period like for 1-2 months (standard across majority companies).

Recently I was having the urge to look or a new job for career enhancement and was in the dilemma of choosing a new job, new environment, unknown benefit or stay with company and enjoy the slow increment of my job as I know it is impossible for me to get a promotion because the headcount has maxed out for the higher position (unless my boss quits, but that doesnt guarantee I will get his place too). Because of the waiting for the bonus to pay out (which I worked hard to achieve the goals in the kpi) and by the time most of the opportunities has been taken. Due to family commitments my family is highly depending on the bonus pay out.

What would you choose? Any suggestions?

Last week I withdrew USD 200 from eToro to my local CIMB bank account. eToro charged a USD 5 processing fee, so I expected to receive USD 195. However, only USD 170 appeared in my CIMB account.

Does anyone know what additional fees might have been applied? And more importantly, what’s the best way to avoid these unexpected deductions to receive the full amount? Would using something like BigPay help? Thanks.

I rented out my condo to an Airbnb at rock bottom price two years ago. The TA is a 2 + 2 years contract with 10% increase in cap. However the current market is almost double of the rent. There is no clause about termination by landlord. Is there anyway I can get of this such agreement?

Hi! I'm just curious. If my CC payment is due let's say today on the 6th, does that mean the next cycle of spending for cashback is 7/11-6/12?

I consider 0.1% is same like gone.

I need a way to find alternative, so can you guys tell me what you guys use after this?

Am i tripping or this banking system is so bad that their website is always on maintenance for a week long (it is maintaining now)? the "standard" bank we all loved.

The reason i am so pissed is that i had deactivated my credit card but recently receive a letter from them stating i owe some couple hundreds. Obviously it don't make sense but i don't mind sorting it out.

The worst thing is i no longer remember the acc password (that's fine right?) but the recover password don't works unless u go their website. Their website is down. If you call their hotline, they will tell you with 100% confidence that, "hey users, we detect your account have the capabilities to use phone banking, so please take care of yourself."

Really fellows, if the only option is to go for the branch, i will be way too speechless. What do you think? do you guys share the same stories?

I (25M) am currently working an office job just trying to get by. I plan on running a business in sort-of medical field, a wellness centre to be exact, co-joining with some partners that I’ve come into contact with. I’m looking at the next 7-10 years before opening it up, just collecting some experience and whatnot along the way.

What sort of books that would be great for me to read up on for running a business in general? Or some books regarding financial managements of businesses? Human/staff management perhaps?

Other advices/gurus that I could look into would be appreciated as well.

i heard that this scheme help young people (like me) can get full loan and with less installment for 5 years.

is it worth it? or got another option?

(wanna buy first house at kajang, my wife work at KL)

GX Bank lowering down their perks like the 3%p.a. Interest rate down to 2%p.a. and now they are bringing down the cashback to 0.1% what do y'all think? Any GxBank users here thinking on switching to something else?

Binance P2P

Anyone had any experience selling USDT on Binance P2P recently? Saw most sellers are doing bank transfer through their company bank accounts, not sure if this would cause any issue to my bank account.

Hi Guys, I am 21 years old, and currently DCA'ing about 300€ (1400myr) every month into VUAA on IBKR. My citizenship is Malaysian, but right now I am pursuing my bachelors in Germany. I worked part time here and hence have my tax number here. However, in Malaysia, I haven't worked, so I do not know my tax number. When signing up for IBKR 2 months ago, I choose this option whem asked for Malaysian TIN: "I am not legally required to obtain a TIN from that specified country". I also added a 2nd tax residency (Germany) and gave my German TIN. My question is, when I sell my VUAA shares 10years down the line, how would I get taxed?

Hey everyone. I am 23M, a recent IT graduate, currently been working for only 5 months in a small to medium sized private company on a permanent role. Recently, I got a 2-year contract offer from a GLC.

I am fine with my current company, however I am particularly interested in the tech stacks or tools used by the GLC company, basically the job description of the GLC seems interesting to me hence why I applied. The comparisons are as follows:

Current company: Permanent, basic salary RM3800, no guarantees in increment and bonuses, no fixed allowances, very little medical benefits, very flexible working hours (2 days WFH per week).

GLC: 2 years contract, basic salary RM4500, bonus, benefits and perks are the same as permanent staff, can't describe much more details as still waiting for offer letter.

Which one do you think is better? I know it's subjective, but if the GLC offer is a permanent role then for me it's a no brainer. I am very new and never had any experience working in a contract role.

My aim is to gain as much experience as possible, and if let's say I will not be converted to permanent staff, it might open up the path to jump to other GLCs or even MNCs.

As somewhat budak mentah and setahun jagung here, I humbly ask for you guys punya opinion on this, especially on the conversion rate of contract staff to permanent. Thank you🙏

TLDR; A recent graduate asks if he should go from small-medium sized private company (permanent role) to GLC (2 years contract)

View Poll

So last month, i started renting in a small room which have AC. I only used it twice. First during the first day and second is during the last 2 weeks of the month, both were turned on less than 5 hours. It costs me RM30. I asked my housemates, they all use more than 5 hours and the one with 4 times only pay for RM20, while the one who used everyday at night costs RM70+. Am i being scammed or is there something i should know??

The rate being charge is RM0.60 / kwh btw

Edit: i was charged with 50kwh. The model is Midea, 1hp, inverter. I used dry mode with 24c in auto fan speed. Everyone has their own separate bills. We did not share.