Introduction To The Millennial Finance

My very first blog post! I’ve been contemplating this decision for a bit and I’ve decided that now’s the time for me to get things rolling. 

My introduction 

I’m a 23 year old with a deep passion in personal finance.

I’ve scoured through hundreds of articles from other financial bloggers in Malaysia such as Ringgit Oh Ringgit, KC Lau, Mr Stingy, & Dividend Magic, as well as a few others not based here in Malaysia.

Before even getting my first paycheck as a salaried employee, I already planned out how much I’d be able to save up monthly and where I’d put this money into… (kiasu).

With the information I’ve gathered, I decided to start my very own personal finance blog to help other Malaysians get the most out of their paycheck, especially millennials such as myself.

My aim is to bridge the gap between millennials and personal finance.

First off, I’ll start with what I currently hold.

My current investments

1. ASB Financing

The holy grail of investments in Malaysia. ASB financing is the only leveraged investment that makes financial sense, considering the capital guarantee (almost).

Unfortunately, this investment vehicle only works for Bumiputeras. For non-Bumiputeras, Amanah Saham has other products (though I’m not familiar with) with decent returns that could be found here.

In a nutshell, ASB financing is utilizing loans from banks that gets you returns you would not be able to otherwise (unless you have RM1m just sitting in your bank).

2. StashAway

StashAway is the first robo-advisor approved by the Securities Commission in Malaysia. While new players have entered the market, my personal favourite still is StashAway.

StashAway is a perfect investment tool to get good diversification outside of Malaysia, while fitting the needs of the average Joe who has no clue on which stocks to invest in.

Through them, you could be invested in large blue chip stocks such as FAANG (Facebook, Amazon, Apple, Netflix, Google) with as little as RM100.

3. Day trading the US Market

This is something I’m getting my feet wet in.

While this is not technically investing, it’s related to the financial markets.

Right now, I won’t be sharing too much regarding this as it is extremely high risk and not for financial newbies (plus I’m not doing too good myself).

Other notable vehicles I’ve experience with:

1. Fixed Deposits
2. Funding Society
3. Malaysian stock market

The abundance of financial products in the market can intimidate those looking to start their investment journey.

You may not make the best choice based on your goals or worse still, not participate completely.

 In my next post, I’ll cover — “How and where do I start with my personal finances?”

Till then!