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@mattmanticus I gave up on Malaysian REITs when I saw the capital depreciation wipe out my dividends.

@erniedavid Only on this sub reddit I realized that a lot of people have dreams of owning SUVs. No idea that was a thing before I joined this place.

@miho How do you know what exactly EPF is investing in? Also EPF is a fucking large pension fund which mostly purchases bonds. These bonds are probably not within the realm of purchase for a normal individual investor. Maybe they are not sold on the open market or they are way too expensive and...

@proverbs31intraining04 I don't mean to be negative but the fact OP cannot do basic cashflow math is throwing a lot of red-flags as to how he even managed to build a company to that state and sell it.

@resjudicata Assume he want's to keep his money "liquid" and can with draw "anytime" instead of being locked in until 60.

@judson1982 This is off topic based on the question you asked. But how the hell do you have only RM14K in savings? With that amount of money you'd even struggle to relocate. Edit: To answer your question, the easiest would be to look up glassdoor

@oof_what You can and you should. You cant file under borang B unless you actually have a business (sole prop or greater) You can't. This is why you need to open a sole prop or Sdn Bhd and have a business account. Opening a current account as an individual doesn't change anything much...

@lisa42 If he were paying for a home loan it wouldn't be that bad, but he said he has no liabilities and an expense of RM18K. Insane. People who have less than him but save more can easily be richer than him over the long term.

@blessed2day RM2mil at RM18K per month expenses will last you about 9 years. That doesn't take into account general economic inflation and your own lifestyle inflation. Your expenses will increase as your kids get older. Your kids education will blow through that money. It is not enough. Not...

@erniedavid Then maybe buy a cheaper car?

RemindMe! 10 years

@s3r10uschris Traditional banks don't give loans to people who can't afford it. That is why our banking system is what it is today and is fairly resilient. Even with that you still hear of people borrowing more than they can afford. When GXB (or any other digital bank) starts to offer loans...

@hummelav You get to contribute to nation building via additional taxes 🤣. But if you want a serious answer, the richer you are the more you are able to insulate yourself from Malaysia's racial and religious rhetoric.

@s3r10uschris I think you are also in for a wake up call if you think these digital banks won't do the same. Buy Now Pay Later has already been criticized as being predatory.

@blessed2day technically if you FIRE you'd probably have the time to cook yourself.

@ivan777 This is not an issue now but will be an issue later on in GXBank's life, when they start offering real loans. You can't be giving out cash willy-nilly. COFs will increase. When GXB turns off their goodies, people will withdraw funds to move to somewhere else. They will not able to...

@mattmanticus True. But I'd argue Lazada and Shopee are not financial institutions where your hard earned money is held. Personally I'd rather not get caught holding the bag and I have other ways to make money.

@marcx If you are a SG tax resident and pay SG taxes, I'm pretty sure foreign sourced income does not apply to you.

@eeevie Grab owns GX Bank. Of course it will endorse it. Call me old fashioned, but I'd rather not park my money with a bank run by an e-commerce company that focuses on supergrowth at the cost of burning through investor money; taking unfair cuts from merchants and delivery riders; and...

@christheseeker That may only get him half way there.