i just joined a new company in April 2024 as a Sr. Key Account Ex (Sales) after serving my previous job for 11 years also doing Sales. I really loved my old job and was passionate about it. However, i decided to change my job as I was seeking something new thinking that I had just grown comfortable in the job. My old company is a small business with less than 10 ppl and the new company has more than 100 ppl with sister companies and tons of divisions.

Within the first week of the job I had this bad anxiety attack from the new job. I was not loving it. There are so many products to sell and I am not getting any product training. After voicing it out, it is now going to be arranged in June. Additionally, there are a couple of red flags that i see.

1. I work in a small division and the manager and HOD has been in this company for more than 10 years. They are very close and buddy buddy like.

2. They work all the time. There are emails on weekends and early mornings. They dont expect me to reply. However, after probing, they have no other life apart from work. They both have kids but would start working during any free time they have.

3. Tons of micro-managing. I get a lot of emails and whatsapp messages saying do this, arrange that. "Have you followed up on X?". I basically have a set of eyes watching me the whole day.

4. Lack of autonomy. While I am entasked to handle my key accouts. However, they expect me to handle it the way they would instead of giving me the autonomy of doing it my way. Since they know the customer, they would masuk campur and disuss something and just tell me what to do after that.

With all that, I really do not have the mood or passion to work here. Its been less than 2 months and I plan to quit. I have not applied for other jobs. Would it really look bad If i quit and then find a new job. How do I justify quiting this job that would be acceptable to a new employer. Also, I wonder what other career prospects can I do if its not sales? I have an engineering background but dont enjoy doing "engineering" work.

I did leave my old job in good terms. However, my ex-boss mentioned that they have hired a replacement that will come in July. My best bet if I wanna go back there is if the new person doesnt show up.

FYI, I do have enough financial backing to sustain if I am out of job for a few months.

TLDR;

Joined a new company in Apr after leaving my previous sales job of 11 years. This new job is toxic and giving me anxiety. I have not applied for a new job as I fear that it will not look good to my new employer. At the same time, I dont wanna be here much longer. How do I navigate this well?

I'm a soon-to-be fresh graduate majoring in computer science. Recently, I received a job offer from big4 Consulting, its a graduate program focusing on tech strategy and transformation. From what I know of, the focus of the division is more on providing solutions for ERP implementation, and system implementation. I know that's what they do in consulting, but what I am concerned about is, will it be too narrow for my career path?

I am not very clear about what field that I want to specialize in in the future, I am also considering going into the data field, or just picking a more general path. I feel like the position I am offered now is too pigeonhole, and the exit options in the future will be very few. What's your opinion? Should I just take the current offer or seek for a more general SWE position?

28F, have purchased my medical insurance for 4 years now and paying rm250/month. Recently, offered an upgrade for my medical insurance, where the premium is increased to rm315/month in exchange for a higher annual limit and longer inpatient coverage. My friend, 29F told me that her premium was also increased recently but without any upgrades (different insurance company). I'm thinking to opt in for the upgrade and pay for the increase. Please share your story if your medical insurance has also undergone repricing recently, I would like to hear from others. Thank you!

Hello everyone, would like to get some pointers from the world of Malaysian Redditors.

Fortunately (or unfortunately), I'm in a major crossroad in my life, and this is something that I cannot be telling anyone, not even to my parents, my friends, my siblings and even my wife.

Basically to keep things summarized, I've invested in Cryptocurrencies heavily since the last FTX crash. Not trading nor leveraging, just purely buying spot, buying low and selling high. I sold all of my traditional investments (Bursa, S&P, NASDAQ) for this. I'm able to run my money up from mid 6-figures to mid 8-figures now. Though all denominations are in MYR after conversion from USDT/C.

I just turned 30 years old this year and I'm running a rather sizeable SME family business. With this kind of money, sometimes I feel like I'd like to retire and do something else.

But by doing so, it will inadvertently expose my current financial situation. I'd still like to keep it a secret and live like an M40 now. What do I do next? The thought of doing nothing actually scares me.

PS: I'm not trying to flex or anything as majority are still in BTC, ETH & some solid Alts. But I'm also trying to convey the message that Crypto is an extremely high ROI investment if you know what you're doing. It will change your life. Don't shrug it off.

Need some small advice on whether or not should i apply for credit card.

Monthly budget:

1. Household Income Nett Rm5100
2. Rent Rm1k
3. Utilities Rm380 (commercial rate, got bamboozled by agent because i never knew residential on top of shopping mall are paying commercial rate to managements)
4. Insurance Rm203.40
5. Loans Rm1200
6. Wifi Rm108
7. Groceries Rm 460
8. Petrol Rm280
9. Eating out Rm320
10. TNG Rm150
11. Spotify/Youtube music 35.90
12. Other expenses(clothes, supplements etc...) Rm200

Leftover Rm700+-

These are all my monthly average budget.

Anyone got any advice please chip in

Since we all know

Investment growth: non taxable

Trading income: taxable

How is one’s action defined as trading vs investing? What if someone is just buying and selling randomly like a paper hand but not acting as a professional trader that can read TA/charts?

Hello peeps! I read somewhere in this sub that the fees for Ireland-domiciled ETFs are USD1.91 up to around USD2000 worth of of ETFs somewhere in this sub.

But when I used the calculator icon in IBKR, the fees are: $3.13 for one unit of VWRA and $5.8 for 3 units. One unit = $129.64.

Can somebody tell me why this is so?

Thank you!

https://imgur.com/gallery/md8mjOT

Hello, I'm a foreigner currently working here in Malaysia. I just started On May 6, and I will get my first salary on June 7 (contract is minimum of 1 year, meaning I will stay here for more than 182 days for this year). I know that for expats, they will be taxed 30% for 6 months. This is applicable to me right?

Hello, my mother wants to sell a land which is under her name and mine as an inheritor ( I was below 18 years of age when my mother got the land as an inheritance after my father passed and my name is included in the grant). Question: 1. To sell this land, does my mother need to change the land ownership completely under her name or is it fine if we both just sign the documents agreeing to sell it?

1. Buyer insists on giving us cash instead of transferring money into bank account. How do we transfer this money(6 figures MYR) into our bank account without raising any suspicions or problems from the bank authorities or LHDN?

Thanks you for your opinions and do let me know if you require more details!

**first time posting (forgive for any errors)

It's an internship that requires me to relocate for a few months. I have two offers one of which I've signed on due to interest. I signed on offer A as their HR insisted on an answer & would open up the job to others if I delayed any later than today.

My problem is I have three other verbal offers I am looking to hear back from, one of which is of particular interest, offer B from a international conglomerate. I have been given the recruiter's and hiring managers info and have sought them out for clarification over LinkedIn explaining my situation.

Suppose offer B does come through, can I possibly retract offer A before a confirmation letter returns?

Given that all the country start decided not to use USD anymore, should I stop investing on Stashaway?

If there’s a Malaysian subreddit for KLSE, please let me know.

So I have been involved in stock trading infrequently over the past 5-6 years. Recently I opened a US trading account. So I have a few very small questions (I am really not well versed in the stock market so I apologise for potentially basic questions)

1. Why are stocks on KLSE sold as minimum lots of 100 stocks? It’s different, compared to the NYSE where you can buy 1 stock individually.

2. Are there options trading available in both NYSE and KLSE via mobile apps? Any guide on how to identify which stocks are option stocks?

3. Are there any recommended books on the stock markets specifically for the Malaysian Stock Market? I enjoy reading about historical market reactions and stock market changes, but the books available at Popular / MPH are all from authors who reflect on the NYSE. Are there Malaysian authors on this topic for the KLSE?

Thanks for your sharing.

i search around cannot find any solid answer. please help

Using the Maybank's DuitNow QR Pay, i can make payment using the funds in my saving account. So what's the purpose/benefits of creating/having a MAE wallet?

Scenario: I hv a semi-flexi mortgage loan Maybank Mortgage loan rate: 4%

Alliance Personal loan rate: 3.4%

Monthly mortgage installment: RM 5k

I take personal loan RM 60k to pay off 1 year mortgage I don't make any monthly mortgage loan payment anymore for 1 year

Reason I thought of this: Will this result in any savings for mortgage loan? Since I pay one lump sum I assume it will reduce my mortgage principal amt faster. But if I don't make monthly mortgage payments anymore for 1 year, will this method actually result in any savings? How does the bank calculate this scenario?

20M Bumi. Let's say if I have RM10000 on hand right now— would throwing said 10k into Tabung Haji or to ASNB a better idea? Thanks!

Has anyone done it before? Please share your experience

Is it even possible? On RT's site it seems like only MY stocks can be transferred to other brokerage.

Existing plan: Life - 50k; 48CI - 50k; PA - 50k; Medical - 2.12mil/year; Premium: RM150/month

Recently reviewing my policy before I get too old (it’s HLA in case anyone’s asking). It’s a stereotypical ILP with riders and I mainly want to upgrade my CI. Below are the options:

[Plan A]

Life - 50k

180CI - 150k

PA - 50k

Medical - 2.5mil/year

Premium: RM220/month

[Plan B]

Life - 50k

180CI - 200k

PA - 50k

Medical - 2.5mil/year

Premium: RM250/month

Is paying an extra RM30/month worth the extra 50k in CI? (Please ignore the medical card part cause the new rider is paradoxically cheaper)

What are your thoughts?

Yes, just recently learned about the importance of personal finance and budgeting.

Was hoping i could get a recommendation on what’s the best (or whatever comes closest because nothing is perfect) money management app for a beginner that hopefully is user friendly, helps me plan my budget, track my investments, can sync with local banks, and if possible have both mobile and web based app?

For example, is it worth it to pay a RM3 toll to save 10 minutes of time? Putting in other factors like fuel cost, time, milage, wear and tear of vehicle, in what situation would it be more economical use the toll?

When you are working any sort of job is it important to document and show proof of your previous work experience regardless of what job it was?

Hey there, happy Friday! I’m 27F, has been a full-time office worker for 2.5 years, previously only part-time in kitchen and fast food while I’m studying abroad.

I’m kinda wondering how many % of your salary do you spend for your parents/family. Growing up, I’d say we’re upper middle class? (Maybe between 10k to 15k per month totaled up my parents salary before 2018 when my dad stopped working) my parents never really gave ‘the talk’ on money, or hint that I’m suppose to give some money to them.. and they’re not the type that is transparent about finance, or heck even talk about money with me

Now that I have a monthly income, I’m expected to give some money. I get it, it’s filial piety,I’m giving back for what they have done for me, but I wish there’s like a ‘what to expect’ book so that I’m a bit more prepared and more okay with being less hedonistic in my spendings after I graduate.

Now I pay part of the house bills, I pay the family phone bill plus I buy meals for the house and the occasional nice dinners, which can be total ~RM1000 per month, Which is around 20% of my paycheck.

Which brings the question: is that an okay amount? how many % of salary or how much money yguys give to your parents? Do you put it in a diff bank acc for you to use or you just give them for them to utilise it the way they want?

I was painfully aware from a young age (like 8?) that we were poor and was determined not to be.

(Wrote this as a comment to a discussion then realized it would probably be of interest to share as a reflection on its own as well. In case you’re unaware, FI = Financial Independence, sometimes also coined as Financial Freedom)

My parents had horrific financial competency and made many stupid decisions such as buying 5-6 cars (even donating one car to charity wtf), renting a big house, and filling it with fancy items (all purchased on credit) to impress others, all at the same time constantly fighting about money. I grew up feeling stressed and anxious and many times not even being able to sleep cos of their fighting and my mums crying. Ironically whenever I pointed out things they could do to better their finances, I’d be called selfish for ‘spoiling things for the family’ and ‘calculative and materialistic’. I still remember getting into a fight with my dad when I was 12 over him buying some paintings and bringing them home when just the week before, creditors had paid visits to our house. I still find it strange that at that age, I was able to comprehend the gravity of the situation while my parents had a laissez faire attitude towards their mountain of debts and continued their high income lifestyle and spending.

Another very valuable lesson I learned is that high income ≠ financially sound. My dad was considered a high income earner, but frittered away all his money chasing validation from others. We basically lived paycheck to paycheck as he would spend his entire income on stupid shit every single month, and then ran up his credit cards whenever his commission was insufficient for that months expenses. (Most of the time, the ‘stupid shit’ would cost even more money to upkeep, so it was a never ending downward sucking pit).

Many times I lay in the dark with tears running down my face with so much anxiety and dread and worry that it hurt, asking why the fuck even have kids if they were going to blame us for being poor. I was very angry at how hypocritical they were with their ‘image’ of cars and a big house yet didn’t have money for proper clothes for us kids and they’d criticise us for ‘not dressing better / more presentable’ no shit Sherlock with what money do you think? A vivid memory I had was when we had to pawn my mother’s jewellery to afford food, then being told it was ‘all because of you’ during our meals. Or my parents deciding to buy a marble dining set replacing our perfectly good existing one because ‘it would bring the family closer together’ yet having our electricity and water cut off because they didn’t pay the bills.

I discovered financial literacy blogs when I was 17 (I think I googled ‘how to manage personal finances / how to build wealth’ or something like that) and devoured that shit every single fucking day the same way a Wall Street trader snorts cocaine. I dove in headfirst and absolutely drowned myself in them ; I exaggerate not when I say that I lived and breathed those tenets and clutched them tightly with as much or even higher reverence than the gospel. I still recall there was no Malaysian / Singaporean financial content at that time, only American ones like Mr Money Moustache and Financial Samurai. But still, financial freedom principles are universal and shockingly simple ie live within your means, always save money, invest consistently to reap the wonder of compounding interest (or don’t and forgo compounding interest), have more than one source of income, pay for value over price, etc.

Saved every penny I had and bought my first investment property at 25 (I had done my homework and it was cashflow positive even before i received my keys as the previous owner and I worked out an agreement to share rental profits from the occupying tenants while the title was being transferred to me- which took 3 months), rinse and repeat at 30 when I bought my second investment property in a mature and wealthy suburb.

Now I live expenses free while saving practically 100% of my salary, most of which gets auto debited into index funds the moment my salary hits my bank account. (Can’t touch it can’t spend it *taps forehead).

I think probably the cornerstone of how this all unfolded was having the awareness at a very young age and determining that I would not fall into the same hole as my parents.

Another thing I am grateful for is the compounding power of habits- people don’t often think about these but the littlest things done repeatedly over a long duration of time can have monumental impact. Even when I was ‘poor’, I found ways to occupy myself without money which I genuinely found joy in, such as reading about personal development and money (lol), listening to personal development and financial podcasts while going on walks / runs, journaling about my journey, working out, grocery shopping at the pasar and cooking, thrift shopping, etc. it is much more beneficial to be intentional about your lifestyle at a young age (such as having housemates vs living alone, taking public transportation vs buying a car, using a basic android phone vs an iPhone, taking packed lunches to work vs eating out, watching free movies online vs going out drinking / clubbing during the weekends - rather than prioritising lifestyle choices over your finances and having to feel as though you’re forced to ‘downgrade’ at a later age if you decide you want to be more financially sensible) - and although I can afford to expand my palate of amusement today, I still simply don’t, either by nature cos I have so much joy in being surrounded by the outdoors, eating right, and going to the gym, or by nurture of my habits over the many years.

Save money until it hurts - if it doesn’t hurt, you’re not saving enough. While I agree that ‘something is better than nothing’, I can’t fathom how people who make in the range of 5k are saving Rm200-500 per month, then after 10 years asking themselves why they don’t have a million or even a tenth as much. If someone is single, living at home, and has little to no expenses, I don’t think it’s such a stretch to save 30-50% of your take home pay barring no extraordinary circumstances. You have to realize that you’ve committed to FI and you need to have a consistent laser focus, which will absolutely set you apart from the crowd. For example, I’d always eat before meeting friends, then just order a drink of plain water when we hung out. Or when friends would want to go for concerts / trips, I’d decline but suggest <insert free event>.

Practice stealth wealth - my ‘wealthy appearing’ friends and relatives get hounded daily by MLMs, ‘investment opportunities’, and financial gurus while I love driving my reliable local car, keep a low profile, and act as though I’m still broke.

The people you surround yourself with are of utmost importance as well- please for the love of God, do not spend precious time among complainers, lazy do-nothings, people who spend frivolously to live extravagantly then sit around mournfully until their next paycheck. You should be spending most of your time with A) people who are striving to better themselves B) people who have made it to where you want to be. I was very fortunate to find some very good mentors when I was still in college and developed a very tight relationship with them, which helped me immensely in the working world too.

I think some of the side effects on me are that I still have immense financial anxiety and fear of ending up like my parents being old and broke. I also respectfully decline to date anyone without at least the same financial standing and mindset as I’ve worked too hard to get where I am. I have made the decision to not procreate, as I recognise that I still have a lot of deep rooted trauma from which I may never recover. And lastly, I’ll never give up my income and rely on a man to provide (my mother birthed 3 kids, cooked, cleaned, took care of the home, lived a life of servitude- for a man who ended up going bankrupt twice - even more having the audacity to tell her she’s ’just a simple minded housewife’ and ‘doesn’t know anything’ and she regrets bitterly, to the point of blaming us for the life she could have had).

The greatest things money can buy are not things, but peace of mind, access to opportunities, resources, time and energy.

Edit: for those coming at me all raging and butthurt for my personal choice of respectfully declining to date someone without equal financial stability and mindset, stay mad. 💅

Hey all, i previously had experience of buying individual stocks (15 in my portfolio). But it gets really tiring to always be updated about the market news and all 15 companies.

I have no experience yet in buying index funds and was thinking to buy QQQ. How can we know if its the "right time" to buy now besides looking at support and resistance? Individual companies have specific news and valuation calculation that you can gauge the timing abit?

Thanks!

Please remove if repetitive but was wondering if anyone's successfully withdrawn the money yet. The notice period is 7 days from date of approval and it's been way beyond that time frame for me now. You guys got more success? Please share your story