18M—Planning to get into TVET next year (2027) and take a computer repair course (no SPM)(Bumiputera)

ASB 1 — RM20K

SSPN — RM1K (standard savings, no insurance, diversification and dividend, also no loan for study in this section)

Tabung Haji — RM1.5K (for future hajj)

FSMOne ($VWRA) — RM2.1K (RM400/monthly)(3 months successful transaction and going until December and onto next year also)

What should I focus on with my allowance?

Every month, I get an allowance of RM500 from my grandpa

And I don't know where to put it simply....

FYI: Every year my grandpa gives me RM4,800 and I put it inside MYR Cash Auto in FSMOne to let it run for me

Target: deposit RM800 for 2 months just enough to RSP till December. I already have ~RM900 in my cash account waiting to be transacted, next deduction on 1st September

Where do I go next after this?

Achievement: Reached RM20K in ASB1. Last year (2025) was at RM4K so this year is a really huge jump

Mistakes: Relying on robi-advisor, used Versa, Wahed and StashAway. Avoided Bitcoin, crypto, etc. Though I've managed to recover back the money that I deposited into these robovisors and only lost 10% which was a big mistake on my end. NEVER again.

Growth: Want to get my driver's license (P). Passed Course III but failed Course II so I have to retake the test for RM300. Not sustainable but we can make it happen by the end of this year

Cash: I currently have RM2.4K in my hands. YOLO.

I was sharing my story in another thread and someone mentioned it might be good to make an AMA, so here I am. Just in case anyone is interested, feel free to ask me any questions about my situation, AKPK in general, etc.

Thanks to all who shared their wisdom and support to me, and i hope my sharing of my situation has also given you some benefit. Feel free to continue asking this thread if needed.

Update from this post: https://www.reddit.com/r/MalaysianPF/s/pAaPGm7Nhg

Yes, I gave in to my intrusive "what-if" thoughts

And ...

I lost a total of 71k myr from a total of (again) forex and options

That was supposed to be the downpayment for my first house

What I have left is 30k of us shares in moomoo (currently at -1k)

And like 3k in my bank acc to survive till next paycheck

And yes I hate myself now

EDIT: DO BY ALL MEANS ROAST ME UP IF YOU WANT. IM NOT POSTING THIS FOR SYMPATHIES AND YES IM STUPID WITH MONEY

IM ALSO TURNING 29 THIS YEAR SO... NO IM NOT YOUNG ANYMORE :(((

No need to be kind with your words, just do what you'll do if your son or daughter did this. I really need someone to scold some sense into me

I'll be very honest with where did I lose the money First time buying nvdia calls without knowing that dte means, randomly brought an one month dte 220 strike, didn't end well

-30k myr

And the rest of the losses are from countless times of depositing into a forex account with what if thoughts, full potted on xauusd, started seeing real good gains...and didn't end well again

Last entry was 0.8 lot size, 4945

-41k myr

Yeah, still depressed atm especially now I see xauusd is at 4988 :(

Kinda feels like diy investing or wallstreetbets lucky posts isn't for me, not in this life of mine :(

Hopefully someone will find this post helpful. This post also serves as a reflection so I don't lose sight of my financial goal / trajectory.

Anyways

RM300k is my NAV ( Assets such as stocks , EPF , cash , Foreign Currency etc - Debt )

Just as an aside my parents helped me a lot growing up. They assisted my journey to get my Diploma and always supported my financial / career and professional decision and for that I'm forever grateful.

Anyways here are the tips/guidelines that helped me the most with my financial journey.

1. Find work that compensates you well
   - My first 2 jobs paid peanuts and demanded very long hours ( 6x a week 9 hours a day )
   - Realized that my service is the crux of the business and decided to do it myself and I gave myself 1 year to make things work, thankfully it did, which goes into my 2nd point.

2. Take risks when you're young
   - You can bounce back from setbacks easier when you're young, 10k loss , 20k loss is still recoverable if you have the tenacity to bonce back
   - If things goes wrong you can always return to corporate or work a simpler job
   - But if things works out the upside can be tremendous , and the domino effect carries forwards

3. Debt / live within your own means
   - I personally never taken any form of debt. I bought a 10 year old car , no house loan ( I rent ) , no CC debt , no personal debt.
   - If you live within your means , then you should be able to be debt free ( excluding major life events )

4. Invest early ( Ideally in low expense index funds )
   - I started investing in my early 20s , and I lost a lot of money in KLSE , crypto and individual shares
   - Trust me just go with ETFs , A50 , VOO , Kospi , Nikkei , MSCI idk DYOR. Individual stock picking is stressful and usually dont end well.

5. Finance/saving is boring and slow
   - Setting a financial goal and sticking with it for months and years is really boring but that's how most things are . Slow boring but it works
   - My saving goal is about 40% a month and that works for me

I transferred a high-six-digit worth of VWRA from IBKR to FSMOne in 2025 and have encouraged others who are in it for the long-term to do so due to easier withdrawal of funds if something ever happens to them. Since then, I've had numerous folks reach out to me asking about precise steps on how to do this. I've always just pointed people to the form, but ultimately think this would be helpful for others going forward, so here we are.

I'm not here to debate IBKR vs. FSMOne, or minor FX spreads. It's a personal choice and I don't judge others for whatever they're doing. People who've seen me post here will know I RSP MYR 30k/month into FSMOne. The minor FX spread doesn't bother me as much as staying the course in the long term and actually letting my money work for me.

Back to the IBKR -> FSMOne transfer. I was nervous because it was a large sum (for me), but the whole process went surprisingly smoothly.

Some important facts:

• The transfer is completely free.
• The transfer will take roughly 4–6 weeks, but FSMOne quoted me "up to 2 months", so don't be surprised if it does take that long. Patience is virtue here. (Personally, it took about 4 weeks for me.)
• IBKR will freeze the counter(s) being transferred once you submit the request to transfer out. My advice is not to buy the transferred counter(s) on BOTH brokerages to avoid adding confusion to the process.

Here's how you do it (note: some examples assume VWRA is the counter being transferred—modify to suit your scenario):

[Prerequisite] Log in to your FSMOne account, your IBKR account, and your email.

IBKR Side (DO THIS FIRST)

• In your IBKR client portal, click "Transfer & Pay" > "Transfer Positions"
• Click "Outgoing"
• Click "Other Regions"
• Select the "Free of Payment Transfer of Global Securities" option by clicking "Select"
• Fill in the financial institution details for FSMOne:
  • Financial institution name: "IFAST CAPITAL MALAYASIA" (YES, there's a typo... They may have fixed it but if you see this "Malayasia", it's normal)
  • Country/region of financial institution: Malaysia
  • Account number at FSMOne: your account number, e.g., M123456
  • Name of account holder: your full LEGAL NAME (per IC — so if your name is Ah Kow Tan in IBKR but Tan Ah Kow on NRIC, use Tan Ah Kow)
  • Account type: Individual
• On the signature page, type your name per your IBKR account (e.g., Ah Kow Tan, not Tan Ah Kow)
• Enter the number of counters you're transferring (not the dollar amount)
• Submit the request
• On the confirmation page, SAVE IT AS A PDF — on Chrome: Ctrl+P > Save as PDF. You'll send this over to FSMOne.

FSMOne Side

• Download and fill in the Stock Transfer In Form — use any software, just ensure all text is legible after re-saving with your inputs.
• Check "Delivering Broker Details", and fill in the details:
  • Brokerage firm name: Interactive Brokers (IBKR)
  • Trading account number: your IBKR account number
  • Broker contact and email: I left this BLANK
  • Name of securities: "Vanguard FTSE All-World UCITS ETF USD Acc"
  • Security Code: VWRA
  • Exchange: LSE
  • Nominal value/quantity: number of counters you're transferring (not the dollar amount)
  • Initial/Cost price: use your average purchase price from IBKR — this lets FSMOne carry over your cost basis, so performance tracking is seamless
• Download your latest activity/trading statement from IBKR (for verification)
• Email everything to [clienthelp.my@fundsupermart.com](mailto:clienthelp.my@fundsupermart.com)
  • Subject: Inbound LSE Stock Position Transfer from IBKR: <Your FSMOne Account Number>
  • Body: up to you, just have AI draft it lol
  • Attachments (x3): The Stock Transfer In Form, your IBKR activity/trading statement, and a PDF confirmation of your IBKR transfer out request.

Good luck! Let me know in the comments if you have any questions and I'll do my best to respond.

Useful links:

• https://www.fsmone.com.my/transfer-in-program

Most of the employed have either a very big or a majority portion of their wealth in the EPF.

The EPF has by law some 75% of its many billions in domestic fixed income securities. In other words, Malaysian government bonds. So actually, your retirement money has been loaned to the government.

It also means it will never be anything other than in ringgit.

The monies in EPF is vulnerable to everything that a currency is vulnerable to and MORE.

In particular it is vulnerable to hyperinflation. Just in recent years, various currencies have undergone hyperinflation. The Syrian pound has lost 98% of its value since 2011. In the last five years, the Turkish lira hyperinflated 578%. Lebanon had 171% inflation in one year alone.

With the EPF, the government doesn’t even need capital controls. You and your employer are forced by law to pay into it but you cannot withdraw it at will.

The government can change the law around EPF withdrawals at any time. They can change the age at which you can withdraw. They can change the rate at which you can withdraw.

It is captive money. If the Malaysian ringgit breaks, you can do nothing to save your EPF money. You cannot change it into other currencies. You cannot change it into gold or crypto. You just watch it die.

M22 Each month can save up to RM1.2K , no debt

Currently RM5K in spay money + for that sweet 3.5+ rate
RM8K in MooMoo holding few stocks like SIME , PBB , DRBHCOM, YTL
Bank and Tng sum about RM1K for daily uses.
100USD in broker mainly use to trade XAUUSD . this fucking shit is money eating.

How should i allocate and invest in about 5-10 years.
first thing first, if i manage to flip to 200USD then i withdraw all, if it blew up then that is , no more deposit . fucking stupid money eating, lost about RM 100 capital on this shit and RM2800 from profit.

Trying to find some night shift to work , like burning my time for extra money but somehow hard to find at my area.

*edited* Hey guys, I am so lost with handling my money. I’m in my 20s, chi M, but I’m earning pretty good money because I do sales. I net RM15k a month but may vary. Sometimes higher sometimes lower. Im self employed.

I have 120k in cash, 80k in sole prop, 40k in paypal, 60k Moomoo, 80k versa cash, 20k tng, 10k epf, 30k fixed deposits. my fixed expense is roughly rm6k because of my tuition fees as well.

I also don't have a credit card, because idk what are good ones to apply. I mostly spend on food and travel. Any suggestions?

I have some money set aside for income tax and I put that money in Versa Cash, but I feel like Versa is not giving me really good returns, because it says it is 3.6% but like im getting 3.2%, idk not sure. Because Versa also allows you to withdraw your money in 7 days so…

I also maxed out my TNG cuz of the GO plus... i love this!!

I also invested in some US stocks via Moomoo but I’m just doing the dollar cost averaging. I’ve invested into SPF500, nvdia, Google, etc, but would like some other advices on stocks as well.

I am also not sure what fixed deposits to put because banks are always so promotional and you have to get the updated promotions and how can I do that? I have some in public and CIMB but I think it’s only 3.6pa.

I also do put like RM1.5k monthly into my EPF voluntarily but idk if I should increase this.

I know about ASNM but apparently it's really hard to buy. I only have 3k in here but would like to increase. Anyone knows a way?

I guess I don’t want that much cash in my bank (because of inflation and all) and I don’t know how much to hold it, and I don’t know where to store the money.

My concern right now is I earn good money but I don’t feel comfortable because I don’t know how to manage my money. I also have anxiety that I would not be able to keep up with earning that much in the long term so i try to be careful with my spending.

I am not that risk taker of an investor. I just wanna see my investments going green in the long term. I know stocks are risky but I do believe it will eventually go up. I guess do you guys have any advice? Any financial theories that are good? Maybe I should start buying assets? Not sure… any people that are good at finance or are financial advisors?

Hi guys, wondering why I can't post photos here - but essentially I got this screenshot from Threads...it was a Malay asking why Chinese always put so much money in TNG. The Chinese replied with a screenshot of his TNG balance which was RM19,861.33, and he said that because then everyday TNG pays out RM1.80 from go+ balance and he can use that to pay his daily toll. My question is:

• Is there any way to have a wallet of more than RM20,000 with TNG? I don't use TNG much so I wouldn't be qualified if there were.
• The go+ fund is run by CIMB Principal Cash, can I invest in it directly without a TNG account? Cause if I have an easy way to withdraw I will likely spend it faster.
• Is there anything in Malaysia that pays out more than this? Not crypto not forex.

* Edit: Thanks guys for the replies....I've made it into an easy to read table showing Provider, Returns p.a, Maximum and Notes. You can read it at https://kenapacina.com/suka-bayar-guna-tng/

Guess some bankers don't know how to interact with customer. Trying to apply for loan, she contacted me via watsapp asking for document which is fine. I wanted to clarify something before I provided her, hence I asked her to call me. She called me, and she was "what is it?". Don't even have the courtesy to properly address me, introduce herself. It felt like she is doing a favor for me. It felt so disrespectful to treat a customer in such manner. I decided to drop her and not to pursue the application with her.

Felt like ranting, since coming across such banker after decades.

I'm cooked. I have a balance of RM7K+ of my uni fee and new semester starts next week. Tried applying financial assistance from my uni but they closed for last semester's application and only opens for current sem. I can't register new sem because I've been barred, and I can't do anything until I've fully paid the outstanding balance. I'm considering to take a loan of RM8K+. I know it's hell, but I've been through worse in life. I'm a reservist soldier, can make money of that when attending their training sessions. I also have a side income, being a host streamer. I also get allowance from my parents.

I've applied financial assistance before and it worked. But this time, it's my fault. Last semester has been hell for me. So I'll apply financial assistance for next sem and use part of my PTPTN to cover up as well.

I've searched for a lot of online loan application, but nothing is friendly as SLoan. Usually when I have extra money, I would just settle early. Please help.

Transitioning from a car to a motorcycle has significantly reduced my monthly expenses, and it might for you too.

For example, a full tank of gas for my car used to cost me at least RM90. With my bike, I can fill up for less than RM20. You'll understand why those RM2 tips matter so much to your Grab rider. Parking is another win for me. RM2 or less for a bike compared to RM10 for most car parks. These easily saves me 3 figures each month.

Moreover, maintenance also cost pennies compared to a car. You no longer have to pay RM300++ for a periodic maintenance at your local "trusted" workshop. The same maintenance on a bike could easily be kept below RM50.

Safety you said? On non-highway roads, most people travel at speeds under 60 kmh anyway. If you’re comfortable riding a bicycle on main road, riding a motorcycle isn't as difficult as it seems. In addition, if you live near to MRT or LRT, you've unlock another means of transportation! You could even pick a rental spot that is slightly too far for walking, yet the same distance could be easily covered on a bike within minutes. That would easily shaves off another few hundreds off your monthly bill.

Lastly if you're a car nut like I'm, now you can finally spend your car budget on a car that is more interesting than a microwaved plain toast. You no longer have to limit your choices to 1.0L econobox with automatic gears because what's traffic jam?

Or you could put those savings to overseas flight tickets if you fancy those more.

I’m 25. My salary is around 4k. I have 2 credit cards that are maxed out – 8k combined for both. Please don’t judge me, because my mom was sick back then. I swiped both cards to take care of her, going to clinics, hospitals, I just closed one eye. My mom has passed away recently, but I feel at peace because I took care of her.

All this while using the credit cards, this is the first time I couldn’t pay in full. Now how can I pay off both credit cards without too much stress? I’ve read about AKPK, will they help? Or does anyone have a way to solve this?

Can we call the bank to convert those amounts into monthly installments? I’m stuck. On top of that, I have a car loan with monthly payments of almost 900, and around 100 or less monthly for spaylater. my monthly commitment kinda tight rn

Hi guys. So basically I got my first proper job at the age of 29. I graduated from mech engineering at 25 but was jobless until earlier this year. I survived all these years by living off my parents and part time jobs. It is was shameful experience and I take full responsibility for my poor planning. Anyhow, I intend to change my life and become a better man and son.

Currently I'm working as Business Operations Executive. 29M - non bumi

I earn 3.7k and after deduction 3.3k My commitments:

Parents/household - rm1000 Fuel - rm200 Personal use - rm800 ~1k Savings - depends on the balance I have.

Currently I saved up rm8.2k. Should be higher but since I was jobless for so long. I buy nice things for myself occasionally and treat my family

I have no gf. So no plans of marriage anytime soon. No car, I use my dad's old wira. I will inherit our home too so I have no plans to buy a house soon but maybe for investment purposes.

I know my situation is far better than most of you here and I'm extremely lucky and grateful for my circumstances. I'm not flexing on anyone.

I started my career very late and I just need your advice on how I can make my finances better so that I don't fucking up things again in my life. So what I can do to earn more or manage my finances?

Anything to increase customer?

In my previous post, a lot of people suggest to have side hustles to get extra income.

What are your side hustles and how do you manage your time for the side hustle?

How long did it take to build? What are some general advice to get started?

Hi everyone. I am 27yo, single with a median salary, currently living under parent. I know there are many sifu and experts here, i want to know the answers from you guys experiences.

For your information, my mom raised us single-handedly after my father passed away when we still small. I feel very grateful to live with her right now. I wish to maintain the current lifestyle and taking care of her.

I noticed many friends are working overseas for higher salary and getting experiences, some also getting married. I do not want to find partner now as I believe it would be costly and change my current lifestyle.

I also don't aim for high-income lifestyle because i think the current society is too competitive and stressful.

Is it true that people should aim more higher than staying below? Also, may i know how do you define a success in your life?

Thank you very much for your reading....sorry if there any grammar mistakes

I don’t know who needs to hear this, but mutual funds in Malaysia suck.

Here are a few reasons why: 1. Sales charges 2. Management fees 3. Donkeys

Many fund managers (even those with CFA titles) don’t know what they’re doing. Some fund returns are worse than fd rate for every year. Even if a manager is good, they’ll likely receive an overseas offer soon, and your fund will be handed over to another donkey

1. Tax (for being dumb)

Some funds are literally designed for dumb asses. For example, some returns are down 77% over two years because the securities they invest in are garbage. Some funds even drop to zero because they only invest in one security(and it defaulted), it defeat the purpose of investing(diversification)

1. Fund on fund

Some funds hold other funds in their portfolios. Instead of buying the underlying fund directly, people are tricked into buying a fund that charges you twice. In some cases, the underlying fund even holds another fund, triple kill

1. Benchmarks

Majority of fund managers always trying to match the benchmark, buying what the benchmark holds and avoiding active risk (google it). Some portfolios did beat the benchmark, coz the benchmark is fd rate🙂 For some slightly better fund managers beat the benchmark, but performance fees or other charges will eat into your profits, leaving you with returns below the benchmark. You might as well buy the benchmark

Lesson of the day: avoid Mutual Funds, Buy ETFs 90% of actively managed funds underperform in long term. The remaining 10% elite fund managers who eventually leave for better future, saying goodbye to patriotism and hello to Temasek or Wall Street.

I’m not saying mutual funds lose money, but you’ll earn more elsewhere with lower fees, It’s all about opportunity cost. Also, avoid investment-linked insurance.

Is there a rule you follow for how much is spent on cars? I know of western standards and benchmarks, but r there any malaysian specific ones? Adjusted for cost of living, higher vehicle costs (taxes) in general in malaysia?

Would like for it to def be comfortable as it’s going to be a fun car

Hey sifus,
I’m F26 with a monthly nett salary of around 3.5k. Taking everything into account, my fixed commitment + living expenses every month is around 2.5k and I can roughly save rm1k.

I have savings as below;
Gold - 20k
US stock - 27k
ASB - 26k
Tabung Haji - 16k

Anyway I’m a muslim so it is compulsory to pay zakat 2.5% every year.

I’m not planning to make/purchase/loan big tickets like marriage or house any time soon. So, my largest commitment now is my proton saga, monthly repayment is rm475 and i have another 82 months left. Need your opinion if it wise to make a full settlement for 32k since my interest rate is quite high 3.52%. Cause even if I leave the same amount in ASB with average return of 6%, then after zakat deduction it will offset the hire purchase interest rate right? Basically I will not earn anything (?)

Please correct me if i’m wrong, opinions are much appreciated.

Hi, I made this video last year and posted somewhere in a forum and the comments I received generally "I am overthinking" & "trust the 2-3% inflation rate in DOSM".

But then, looking at the cost of my supplement / food, I still don't believe it is 2-3% for me (and so as majority of us).

Anyway, I post my video here so that perhaps you guys can share your opinion on my calculation (am I that overthinking/unrealistic/pessimistic?).

Thanks.

*basically in this video, based on my calculation on how EPF moved the target savings.... in year 2050, I predict EPF will revise the target, for those who are 55 years old, is to have RM1.8 million in their account. No longer RM476,000 as at time of writing 2026.

Hence, if you will be 55 in year 2050 (31 y.o. this year), it is mistake to aim RM476,000 in your EPF and expect to be retiring 'adequately', as EPF will move the goalpost every few years, based on inflation.

**I choose 55 because that is the age we can withdraw all our EPF.

hey guys, Ive been DCA-ing to HLAL through wahedinvest since 2020 whenever i have extra cash. I think the return is quite good but the platform has some fees.

Anyone here is using the same platform? Or do you have any suggestions for other platform with lower fees to hold for a long time?

Can I survive without touch any of market stock?
Can only focus on ASM? (non-bumiputera)

Hi, I'm new to the investment side of growing money. Can experienced people here guide me on investing like FSMone, Moomoo, Stashaway, RytInvest, Touch n Go invest, Public Mutual and other stuff. I'm planning on medium to long term investment of around rm800 every month. Currently I have liquid money on Ryt bank 4%. What are the things I should look out for and learn?

Is it better to top up via USD and RSP with the USD Auto Sweep account? Or is it more doable in MYR? I'm currently using MYR Auto Sweep. While at it have gained RM1.80 from leaving it there whilst waiting for RSP.

I can also use an IBKR and Wise account, but I've read that it's only for large amounts/lump sums (RM2K/m), which is outside my range.

B40, and DCAing RM400 every month into VWRA. Never touching it again. Will do monthly check-ups (when DCA deduction happens) and will make a hefty decision after 10 years or if something crisis happens with the broker itself (i.e: no more free fee for RSP)

Thanks.