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Marcus Keong | Marcus's Money Tips

I share 1 money tip every week that you can read in less than 4 mins.

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🍵 MMT #025: One Important Thing in Life Which Money Can Buy

Read On marcuskeong.com Read Time: 3 minutes My wife’s friend talked about her 2-year-old son being admitted to the hospital. She said that she felt fortunate to have bought a medical card for her son when he was born. Otherwise, she had to pay the medical expenses of RM40,000+. From her story, I realized that what I had purchased was not merely just an insurance. It is something that most people neglect but is so important in life: Peace of mind. Money can’t buy happiness, but it can buy...

Read On marcuskeong.com Read Time: 4 minutes 35 seconds Yesterday I had a chat with the salon aunty. We talked about a pilot who was unable to work during the MCO period and ended up selling chickens to earn money. Source: World of Buzz That news reminds me that there is a risk of losing a job when we work for a salary. So what should we do? Diversifying our incomes may be a good idea to create a safety net for our incomes. 3 reasons why we should diversify our income sources: Risk mitigation...

Read On marcuskeong.com Read Time: 5 minutes 20 seconds I have been a loyal user of Versa for more than two years and earned RM585.19 from its Money Market Funds (MMF) At that time, Versa was merely an MMF app. Today, Versa provides another MMF that is Shariah-compliant and investment portfolios comprised of Gold, REITs, stocks, and bonds. But is it worth investing in? Let's explore that! In today’s newsletter, I will share my review of Versa on what we can do with it, what I like about it,...

Read On marcuskeong.com Read Time: 3 minutes 11 seconds When I look at the Malaysian investor forums, I see a lot of these questions: “Is this stock good?” “What price should I buy in?” “Wah drop liao! Should I sell or buy more?” The questions seemed nothing wrong when we started investing in stocks. At least, this is how most newbie investors (including me) start their investing journey. But as time goes by, I realize that this approach of stock trading requires so much attention and time to...

Read On marcuskeong.com Read Time: 4 minutes Afraid of investing in stocks because it is too complicated? That is what I feel too when I get started. But after investing for 4.5 years, I found a simple way to invest in stocks. It is by investing in ETFs. In this week’s newsletter, let us talk about why I invest in ETF (Exchange Traded Fund) and how to invest in one. Disclaimer: Any specific investment mentioned below is for educational purposes, not investment advice. Please always do your...

Read On marcuskeong.com Read Time: 3 minutes 95.6% of my portfolio is in stocks, 4.2% in REITs, 0.2% in cash More than 90% of my total investments are in stocks. There are other assets to invest in such as properties, gold, crypto, or bonds. But I am biased toward stocks and believe that they are the best wealth-building tool. Why? In today’s newsletter, let me share the reasons why I invested most of my money in stocks. #1 Assets That Create Value What does it mean by creating value? No,...

Read On marcuskeong.com Read Time: 3.5 minutes Image Source: Facebook Remember Kemahiran Hidup Project Kayu? We are given a guide sheet by the teacher to build our little wood project. Without the guide sheet, I can't imagine what our final products will look like haha! Guess what? We can have similar guide sheets for our finances too. In today’s newsletter, let us talk about creating our own money rules and how it helps us in our finances and life. Ramit Sethi and His 10 Money Rules Today’s...

Read On marcuskeong.com Read Time: 3 minutes Ever since ChatGPT was released, everyone starts talking about AI now. But do you know that there are investments that are managed by AI? It is called a robo-advisor. It replaces unit trust manager with AI, hence lower fees & suitable for beginners. Let us talk more about robo-advisors and which one suits your taste. What is Robo-advisor By definition, a robo-advisor is an investment platform that automates our investment portfolio using AI...

Read On marcuskeong.com Read Time: 4 minutes "Stock investing is for rich people". True or false? It may make sense for poor people. But in general, not-so-rich people can now easily invest in stocks with little money. With increasing platforms for stock investment, it is possible for us to invest in stocks with little money. In this week’s newsletter, let’s explore how we can invest in stocks with just RM100. Why Stock Investing Used To Be Expensive From my observation, there’s a reason why...

Read On marcuskeong.com Read Time: 3 minutes I always thought investing and trading are the same thing when I started my stock investing journey. Both terms require us to buy stocks and sell them for profits. But they are quite different in terms of time horizon and the reason behind the purchase you made. Also, not everyone is suitable to be a stock trader. In this week’s newsletter, let us talk about investing and trading, along with their differences. What is Investing Investing is like...