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SGX Hacks for Malaysian Investors

Hi, I’m Ian.

I’m a Malaysian who invest in stocks listed on the SGX where I’m receiving a steady flow of dividend income on a quarterly basis. Perhaps, you may ask:

‘Ian, are you a Singapore P.R.?’ Nope.

‘Ian, are you based in Singapore?’ Nope.

‘Ian, have you worked in Singapore before?’ Nope.

‘Ian, do you have a bank account in Singapore?’ Nope.

‘Ian, how do you invest in Singapore?’ I’ll answer it now.

In this article, I’ll share what I know and do so that you can start investing in SGX-listed stocks as a Malaysian investor based in Malaysia itself. Therefore, here are the 7 hacks that you need to know before investing in the SGX.

#1: An Overview of the SGX

As I write, the SGX offers a boutique of 700+ stocks to investors. The biggest 30 stocks are included as constituents of the Straits Times Index (STI). For a start, they include huge corporations which might have just ring a bell to you such as UOB, OCBC, SIA, Genting Singapore, and CapitaLand. Besides, SGX has a well-developed REIT market where investors can invest in a globalized portfolio of Billion-Dollar commercial real estate. Currently, the STI and the S-REIT markets are the main focuses for most investors who are investing in the SGX.

#2: CDS account vs. Trust account

Here, I’ll write from my perspective as a customer of Maybank Investment Bank (IB). I’m using Maybank IB for my investments in stocks listed on both Bursa Malaysia and the SGX.

Bursa

For Bursa-listed stocks, the buying process is straightforward. First, I deposit an amount into my stock account. Second, I place my order for the intended stock. Third, the money in my stock account would be debited and my stock with the amount of shares would be credited into my CDS account which is under my own name.

SGX

For SGX-listed stocks, the buying process is different. For my first purchase, I deposit an amount into a Global Trust Account. The amount deposited was a little more than the intended amount I wish to invest. Then, I place my order for the intended stock online. After the order, I would have to call my broker (Maybank IB’s staff) to inform him about my investment. From which, I wait for 1-2 working days for the contract note that states the exact amount of my investment in Ringgit. My money in the Global Trust Account would then be debited and my stock would be credited into my Trust (Custodian) Account where Maybank IB keeps my stock and collects dividends on behalf of me.

#3: Transaction Fees

For MayBank IB, the minimum brokerage fee is set to be S$ 30 a transaction. Inclusive of a few miscellaneous charges such as GST and stamp duty, every transaction, buy or sell, should cost a minimum of S$ 32. Here, I’ll calculate the ideal minimum amount of capital needed to make your venture into the SGX worthwhile. For instance, if you intend to limit the transaction costs at 1% of your capital, then, the minimum amount you need to invest is S$ 3,200 or RM 9,600 per investment.

The amount needed will obviously be lower if you choose to limit the cost at 2% of your capital. Ideally, it is best to keep it low and thus, I reckon that you should not invest if the transaction cost is above 2% of your capital.

#4: Invest or Trade

I think it’s expensive to trade SGX-listed stocks as every transaction, buy and sell, costs a minimum of S$ 32 as compared to RM 12 for Bursa-listed stocks if you use Maybank IB. Hence, it is more ideal for investors as stocks listed in the SGX, to me, are to be kept over the long-term. If you are a new investor, I reckon you to aim for dividend income so that you can quickly earn back the transaction costs after 3 – 6 months of holding onto your SGX-listed stock.

#5: How to Open my Stock Account?

If you choose Maybank IB (This is not a Sponsored Post), you can apply for both CDS account and Global Trade Account simultaneously. You just need to bring your NRIC, salary slip, and bank statements and walk-in directly to the nearest Maybank IB branch. I’ll provide the links below:

What to Bring:

Maybank IB Trading Account Application Details

Where to Go:

Where’s the Near Maybank IB branch from You?

#6: But, I want to Invest in the US Stock Market

The facilities provided by Maybank IB is not limited to the SGX. In fact, you can choose to invest in other markets such as NYSE, NASDAQ, and HKEx if you prefer to do so.

#7: Learn to Invest in the SGX

There are many tools and resources available to speed up your learning curve and to familiarize yourself with the Singapore market. Here, I’ll conclude my sharing by listing down some websites and blogs that I personally follow and read on a regular basis:

No.1 – The Fifth Person

The Fifth Person is Singapore’s leading site that focuses on value investing. It is founded by Rusmin Ang, Victor Ch’ng, Adam Wong and Kenji. It contains a lot of quality and very detailed reads on stocks listed in both Singapore and Malaysia (although I’m among the main contributors of Malaysian stocks).

No.2 – Value Invest Asia

Value Invest Asia is spearheaded by Stanley Lim, a CFA, a Johorian who has extensive working experiences in Singapore. It is also a site focusing on value investing and is building up fast-read materials, webinars and even a physical book ‘Value Investing in Asia’ for stock investors who intend to invest across Asia. (I’m also a regular contributor of the Malaysian articles of this site).

No.3 – Dr. Wealth

Formerly known as the BigFatPurse, Dr. Wealth started off as an investment blog and has evolved into a comprehensive financial education firm that has contents and courses on stock investing, REIT investing, angel investing, and even cryptocurrencies.

Ian Tai

Ian Tai is the founder of Bursaking.com.my, a platform that empowers retail investors to build wealth through ownership of fundamentally solid stocks. It is an essential tool that sifts out stocks that grow profits consistently from a database of over 900+ stocks listed mainly in Malaysia.

Best cryptocurrency ICO investment for 2018 Washington Exchange

Washington Exchange (WASH) a decentralize trading platform, which knows the problem in crypto it’s unstable and underdeveloped 2018 has been very exciting with these massive price gains but there is a tons of technical development that needs to be completed before crypto become mainstream. One of our goals at Washington Exchange is to make the general population more informed about cryptocurrencies and their advantages and safety. Best cryptocurrency ICO investment for 2018 Washington Exchange.

There are various decentralized exchanges in the market that are being used, Washington Exchange Decentralization offers multiple benefits, making it the best ICO of 2018:

-Identity theft. In the centralized trading platform, we give out our identity, credit card information, bank information and more to everyone we do business with. Through the power of cryptography this is no longer necessary.

-Banking Cartels. Large organizations have no need to keep things private. The power of this technology allows everything to be out in the open without compromising any aspect of security. In the traditional centralized systems, security is used as an argument to keep all of their information and your information locked away

-Unbanked. There is no reason any longer to keep the poor and unbanked from participating in the global economy. Capitalist-minded financial services no longer play an overpowering part in their exclusion and freedoms.

Open and transparent. All transactions occurring on the network and all code used within the network are open source. This allows anybody to inspect, copy and improve upon it.

-Incorruptibly secure. The traditional financial systems are centralized, this can be infiltrated by hackers or robbers attempting to tamper with your funds. It also has the potential to become corrupted or coerced. With a decentralized system everyone keeps full control of their funds.

-24/7 System. A decentralized exchange is a global service without any borders, available to any member of the free internet. Servers operate on every corner of the globe at all times of the day. This also allows for minimal transactions costs.

Washington Coins (WASH) are very low in supply, and this will never change. They are 1000 times as scarce in comparison to other exchanges. As demand inevitably rises through the trading of our coins, the number of coins will remain the same and never be increased, there are 9,000,000 available, as oppose to the billions available in other forms. Washington Exchange is a unique exchange with no single institution, person or server, and as such it has no single point of failure. With our decentralized exchange there is no need to trust any single authority. We fully understand that exchange is a venture with its own risks. With this in mind we have fully invested in expertise and advisors who will continuously help in assessing the possible risks, as well as creating ways to address them. In our current climate of digitalization, online security is of our key concern. Best cryptocurrency ICO investment for 2018 Washington Exchange. Our systems at WASH are highly secured and always guaranteed no possibilities of hacking. Washington Exchange and Coins are undoubtedly the number one profitable alternative exchange and coin available on the market. Best cryptocurrency ICO investment for 2018 Washington Exchange.

Coin Details
Name: Washington Exchange
Symbol: WASH
Token Contract Address: 0x5b8c5c4835b2b5daef18079389fdaefe9f7a6063
Pre-sale starts in: April 20th and End in April 25th
Normal Sale Start: April 25th and End in May 25th

Official Link
Official Website – http://washingtonexchange.io
Official Telegram – https://t.me/washingtonexchangeofficial
Official Twitter – https://twitter.com/washingtonexoff
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Official Bitcointalk – https://bitcointalk.org/index.php?topic=3196451.0

Tyler Perry – How I became a Millionaire Success Story

The website above is no longer around, but the tips are nuggets of gold. Success doesn’t come on a platter of Gold, it takes a conscious effort to succeed. You have to wake up early and work at it, while others are snoring away. Check out Tyler Perry’s success story from the infographic above. One of the tips is to start a business and duplicate it worldwide. For instance, good examples are Subway and McDonald’s franchises that are doing extremely well around the world. Diners patronise these outlets and food branches while enjoying the ambience and surroundings.

Also, stop wasting time on TV, Games, entertainment, Karoake, etc. Poor people have large TV, while rich people have large library. So, what you do with your time, makes a lot of difference to your bank account.

Save 40% of what you make and invest it for higher returns compared to low Fixed Deposits at the highest rate of 4.38 currently. You can make more returns by investing in shares if you have the basic knowledge and check the online counter frequently. To invest in shares, you also need to have holding power and not be too emotional.

Also, stop buying things that have no value like cars, jewelry, clothes, etc. But you certainly need food to survive where I digress from the tip above. Eat organic, vegetables and fruits more often. Education is important. So be a voracious reader!

10 Habits of Self-Made Millionaires

10 Habits of Self-Made Millionaires

From Visually.

The above infographic is certainly pertinent to our current society, regardless of where you stay or which country you are from. Here, I shall summarise the 10 Habits of Self-Made Millionaires below:

1) Thinking in Abundance – 2.3 trillion dollars are circulating around the globe everyday; are you one of the number of active participation?

2) Surround Yourself with Like Minded Individuals – you are the sum of 5 people you spend the most time with.

3) Shift Focus from Spending Money to Making Money – instead of becoming a consumer, become a producer.

4) No TV!

5) Have Multiple Streams of Income – eg. rental income, fixed deposits, dividends, shares, online income, etc

6) Be Generous – Blessed are the generous for they will obtain wealth.

7) Have an Exit Strategy – Ultimately all multimillionaires and even billionaires get their biggest breaks when they sell their business.

8) Get into Properties – Properties will hedge against inflation and earn you rental income like Airbnb, HomeAway, VRBO, etc

9) Leaders are Readers – read widely and be voracious readers to gain insights into the minds of successful people.

10) Always be Hustling – no point dreaming without taking action.

So, there they are. The 10 Habits of Self-Made Millionaires. Read the infographic for more details by double clicking on it. Hope you enjoy reading this as much as I do.

Now in Quayside

I am now in Quayside condo to do my laundry of washing my bedsheet, pillow and bolster cases. There is also a machine dryer to dry up the washed items. I packed dinner along which was part of lunch in half portions. Brought along my book and magazine to read while waiting for the laundry to finish. Also am pleased that I got paid USD 70 via my paypal for 7 articles written for a Singapore website of around 1,000 words plus with free pictures included. It is about things to do in Switzerland and is a curated website where you have to do some research for approval. There are dozens of writers on this content rich site, hence I am lucky to be accepted for all my articles written so far.

Tomorrow is pay day as today is a public holiday and all banks are closed. I took the opportunity to change the bedsheets as my partner has hinted it some days back. Also signed up for some surveys to do in my free time. There is no way to get rich using the quick scheme which cons many people of their hard earned money. Beware of money games, binary systems that predicts whether the stocks will go up or down and promises of software that is automated and correct 70% of the time to help you make money! In fact, it is just the opposite; it helps the owner to make money while you lose money. In stocks, someone will make cash at the expense of another who will lose it instead.

Nothing beats the old traditional way of studying hard and working hard to save up bit by bit to become rich. How do I know this? Well I read the newspapers and 2 articles were written by different experts with sound advice. They are more practical and teach you the delayed gratification method of getting there while eschewing speculation and gambling. In a nutshell, there is no short cut to success. And don’t get hoodwinked into network marketing or MLM of alkaline water, aromatherapy of Lampe Berger and such. Don’t let greed get the better of you, but use common sense to protect your money from tricksters, conmen, etc.

Complimentary Ticket To Meet Mary Buffett LIVE!

Come 1st April 2017, for the first time ever, you’ll get to meet 3 investing legends, Ms Mary Buffett, Mr Ken Chee and Mr Sean Seah, up close in person at the inaugural Investopia 2017 at Wisma MCA. By the way, Mary Buffet is the daughter-in-law of Warren Buffet, the richest investor and is highly sought after for his ideas.

Even rarer, is the chance to meet THREE of such titans in the world of investing, at the same time, at the same place, under one roof, right here in Malaysia. And it’s indeed a once in a lifetime opportunity where you can do this … for FREE at Wisma MCA on 1st April from 9:00am – 6:00pm.

A bit about the speakers:

Ken Chee is a highly successful entrepreneur who started his company with ZERO capital and turned it into a 9-figure business based upon the principals of value investing.

Sean Seah is a highly sought after financial writer who has appeared in front of international audiences around the world.

And of course, there’s Mary Buffett, best-selling author, international speaker who is flying all the way down from California, USA, to meet with each and every one of you LIVE in person.

Here’s a sneak peak at what will be covered in this FULL-DAY information packed event:

How can you invest even with a little capital?
Should you invest in companies in Malaysia?
What kind of companies can you invest in Asia?
What about the US market? Is the economy going up or down?
How can you protect investments and still profit no matter what?
And much more!

When you learn directly from these masters, you can’t help but leave the conference a wiser, more confident investor.

Here are the details of the event –

DATE: 1st April 2017
TIME: 9am – 6pm
VENUE: Wisma MCA
INVESTMENT: RM97 FREE

If you miss this event, you will never get to learn directly from the 3 investment experts under one roof ever again.

So go ahead and register for your free seat today! Enquiries please call us at 03-2201 8089 or email to customersupport@8investment.com

I have already registered and shall be attending this whole day event at Wisma MCA. At the same time, I have also booked to stay at Mandarin Oriental Hotel in KLCC from 1st April to 2nd April using corporate rate for RM 780+ total including 10% service charge and 6% GST. Mandarin Oriental Hotel is just 5 minutes walk away to Wisma MCA.

20 wonderful ways to make money from your own computer e-Book

20 wonderful ways to make money from your own computer ebook from clickbank

There is a new e-book as sold on Clickbank entitiled 20 wonderful ways to make money from your own computer e-Book from Clickbank. Above is the website and I must admit, it is not easy to get listed on Clickbank. You have to certify certain conditions before they are satisfied with your results. Of course, it helps if your can design your own page and upload to your domain.

When it comes to making money, nothing is easy and there is no free lunch; unless you rob and kill which is totally wrong. Ill gotten wealth will disappear as soon as it appears and will not last. The e-book is downloadable after payment is made through your credit card using the Clickbank payment gateway. If you offer commissions, it will help if there are affiliates willing to take up the offer of promoting your book.

I has always been my dream to sell an ebook via Clickbank and I did not do it until recently when I read a course of telling you to simply take action now and not procrastinate. There is a GetResponse autoresponder and newsletter to keep in touch with the author. The technology is in place and all it takes is to find customers.

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