(Update 1 July 2023: This foreign broker is not recommended anymore. Read more here.) Recently, I found a new foreign broker which is open to Malaysians and allows commission-free trading. In this Gotrade review, I will share my experience of using it to trade US stocks. Why Gotrade? I have two foreign brokers (Firstrade and …
I just noticed that there had been some changes to Rakuten Trade(RT) Points. The changes were made in June 2022. RT points categories The points are classified into two categories now. Category 1 is RT Points earned from first deposit, share transfer-in and stock trading. These points last for 12 months and can be used …
ASNB has announced the increase in the quota of Amanah Saham Malaysia (ASM). The quota has been increased by RM 5 billion. Dividend trend Below is the dividend of ASM for the past 10 years. 2014: 6.60% 2015: 6.60% 2016: 6.30% 2017: 6.00% 2018: 6.50% 2019: 5.50% 2020: 4.25% 2021: 4.00% 2022: 4.00% 2023: 4.50% …
Rakuten Trade (RT) has revised its brokerage fee recently. It boasts that it has the lowest rate in town. So what are the changes? RT fee revision 2023 For trades less than RM 700.00, the brokerage fee is 1%, with a minimum of RM 1.00. It means that if you trade RM 100.00 worth of …
The National Higher Education Fund Corporation (PTPTN) has declared a dividend of 3.05% for Simpan SSPN Prime. The dividend declared in this year is for year 2022. Dividend history The dividend rate of Simpan SSPN Prime in the past five years were 2018: 4.00% 2019: 4.00% 2020: 4.00% 2021: 4.00% 2022: 3.00% This dividend is slightly better …
Amanah Saham Malaysia (ASM) has paid its latest dividend on 1 April 2023. The dividend is 4.5 cents, equals to a dividend rate of 4.5%. It is an increase of 12.5% compared to 2022. Trend For the previous dividends, you can refer to this page. The dividend of ASM in 2023 has finally increased after …
The government has recently announced that saving in Simpan SSPN Prime is no longer eligible for tax relief. This means that Simpan SSPN Prime can no longer function as a income tax-saving instrument. My action plan I have just decided to stop investing in private retirement scheme (PRS) not too long ago and I was …
The Employees’ Provident Fund (EPF) has declared its dividend for 2022 and the rate is 5.35% (2021: 6.10%) for conventional savings and 4.75% (2021: 5.65%) for Simpanan Shariah. This dividend rate is slightly higher than I expected. Dividend history As my own account is the conventional savings, I am going to list its dividend rate …
Recently, I have made a withdrawal from my Versa Cash account. I would like to share my experience here. Timeline I made the withdrawal request on 19 February (Sunday) at around 8.30am. The request was processed by Versa on the same day. However, as it is a non-working day, my withdrawal request was processed by …
In 2023, I have decided to stop investing in Private Retirement Scheme (PRS). Rationale Why did I decide to stop? Though the tax relief of RM 3,000 for PRS is extended to 2025, I have concluded that Simpan SSPN Prime is a more suitable vehicle for me to reduce my income tax. It is not …
