Recently, Funding Societies Malaysia has recategorized the notes on its platform. Previously, there were only Invoice Financing and Business Term Financing. Now, there are three types of notes (five types to be exact). Let’s go through them one by one. Business Term Financing This type of financing is used to fund the note issuers’ day …
I have been investing in peer-to-peer (P2P) lending on Funding Societies Malaysia and Fundaztic for two years. I feel it is time for me to make a choice between these two platforms. Funding Societies Malaysia vs Fundaztic Below are some basic statistics about these two platforms. Funding Societies Malaysia offers three types of investment products. …
The thing that I dread finally happened. I have one defaulted note on Funding Societies Malaysia after two years on this platform. Amount involved As it is a partially paid note, I do not suffer a very big loss. In fact, I consider it to be insignificant. Overall, I will incur a 10% loss of …
I received an invitation to review this book from a publishing company, TCK Publishing. However, I did not receive any monetary compensation in return for this book review. I only got a free e-book copy. The author of this book is Vishal Reddy. One Hour Investor is aimed at readers who have no experience with …
If you are using Rakuten Trade, did you notice the existence of Rakuten Trade Points or otherwise known simply RT Points? It is the rewards ecosystem of this trading platform. How do we earn the points? What can we do with these points? Ways to earn RT Points There are two ways to earn RT …
The author of this book, Pat Dorsey, was Morningstar’s Director of Equity Research for 11 years and developed its economic moat ratings during his tenure. He now owns an investment advisory firm. Layout of The Little Book that Builds Wealth This book has 14 chapters, with an introduction at the beginning and a conclusion at …
Fundaztic (Link) changed its management of defaulted notes again after the recent changes that I mentioned in a previous article. What are the changes this time? Termination of email updates Previously, the platform would send the investors emails to update on defaulted notes. However, this service is being stopped from now on. Although the platform …
May 2019 is the most volatile month so far this year. Kuala Lumpur Composite Index (KLCI) closed below 1600 a few times in the month. Luckily, it recovered nearing the end of May (1650.76) and closed higher than the end of April (1642.29). A surprise reversal Honestly, I did not expect the market to recover …
I have not encountered defaulted note on Funding Societies Malaysia, so I have no first-hand experience on its management of defaulted notes. However, I have encountered several notes that did not repay on time. Thus, I have experienced how Funding Societies Malaysia handles these late notes. I like the way that this platform deals with …
After the first email regarding my defaulted note in Fundaztic, I finally received an update after six months. So what’s the news? Bankruptcy notice In the email, it is stated that Sealed Judgement Order was obtained and served in early of the year. Fundaztic (Link) has instructed lawyers to file for bankruptcy notice in February. …
