congrats to you sis.

good to know that, thanks for the info n heads up.

I think any individual who have RM5mil, they are among the top mind in the country. It is almost impossible not to have basic investment strategy. Unless inheritance or some toto windfall.

Sangka baik, divorced and lost custody, she adopted a teenager

Okay riding along that good faith assumption.... Congratulations on having 5mil all to yourself! Going 100% low risk investment can already get yourself a comfortable life + end of life, and still have some to spare for your child. As you already mentioned, your expenses is below what your FD and dividend yield currently, that means your money can only grow.

Idk about financial planners and relationship managers so I can't give any input on that.

If I were you, I'd max out EPF self contribution every year because it yields the most dividend at low risk. You also don't need so much liquid funds since you have millions to go.
There's also ASNB you can go for (I personally don't have that yet so I'm just parroting the others).
SSPN has quite decent dividend and is also quite safe and more liquid than EPF. They announced about 4% last year compared to EPF 5~%?
For other low risk instruments, I'd consider investing in other currencies, and segregate them based on your trust in each global power (I'm assuming these 3: US/EU/CN). Buy some blue chip stocks overseas, something like that.

There's really no need to touch high risk investments like crypto, cuz you can already sleep well sitting on that money. Also, don't get scammed in any way. If anything sounds too good to be true, is definitely is.

This post has been edited by Takudan: Oct 7 2021, 09:42 PM

For me I won't bother keeping money in Malaysia. But it's up to you. Reason is you don't want to hold a depreciating currency. Which means overtime your money buys less. Not to mentioned overtime your RM5M becomes smaller if you decided to dig into it.

I will open a sg bank account, transfer my money over slowly.
2nd step, open a good international brokerage.
FSM sg for buying sg stocks.
Interactive broker for buying overseas stock.
I don't recommend buying sg stocks but they are good for dividends especially their reits. They can give you 3-8%p.a.
Just buy parkway life, Fraser's logistics, Fraser's centerpoint, mapletree logistics, mapletree commercial, mapletree industrial, ascendas REIT, keppel DC REIT, keppel Pacific reits, prime reirs, United hamisphere reit and lastly elite commercial REIT (this is the highest quality reit as the tenant is the UK govt and paying I believed 7%p.a).
Non reits, Hongkongland, DBS/OCBC/UOB.

That's it. Beats any FD or any majority of unit trust in Malaysia. And protect your future purchasing power as well.

If you want more venture in HK market.
CKI infrastructure
CLP
Shenzhen international

Are all good picks. I used to owned them.

Never ever find a financial planner. They will con you into buying stuff you don't need. Majority of them are only interested in lining their own pockets as they are insurance agents/unit trust agents and are incentivise to sell products to generate commission. Hence already have conflict of interest. Do you ask a barber if you need a haricut?

Go and read up yourself. Plenty of blogs and YouTube video.
https://singaporeanstocksinvestor.blogspot.com/
(see all the link at the side, read all of them except CPF which is not relevant to us).
https://investmentmoats.com/stock-market-in...ting-resources/
https://stestocksinvestingjourney.blogspot....f-dividend.html
https://stestocksinvestingjourney.blogspot....-of-saving.html

Some YouTube video I recommend
Andrei jikh
Graham stephan
Our Rich Journey.

I have read basically everything I shared aboved.

I leaned everything on my own. Nobody taught me anything. I self taught myself. Trust me I went for a preview financial planner stuff which gave a talk at my company, it was rubbish. They are telling stuff I already know and trying to make things complicated. To the uninitiated, it was mind blowing. To me was just meh.Since that day, never. Besides financial planner won't be able to bring me to where I am today. But I thank the above as they were my teachers. Always remember live way below your means and keep things simple.

This post has been edited by Ramjade: Oct 8 2021, 12:39 AM

Currently FIRE

thanks to crypto lol

Thank you everyone for your replies and suggestions.

What I really worried is our RM currency depreciation and inflation risk, so I am afraid the FD rates won't be sufficient.

What I will do now is read up and open a SG bank account, through CIMB MY and transfer my money in batches by Sunway Money.

after you had transferred to Sunway money (to protect against MYR depreciation) then do what? let it sits there?

This post has been edited by MUM: Oct 8 2021, 11:29 AM

judging by the reason for the transfer,...i think he will just let it sits there.
for the objective of the transfer is to protect the buying power of his money...
any mistakes in doing any risker things with that money can WIPEs OFF all the benefits gained from the protection from depreciation

I read SG Reits thread earlier. I going to monitor 2-3 reits ( the ones RamJade suggested) and put some money in SG reits.

I also thought of changing some RM here into USD

how many % of your 5 millions are you gonna transfer out to protect it from depreciation?
if it is just 5 or 10%....then what about the depreciation of the rest of the 90~95% of your MYR?

U got me thinking also, i haven't find out how can I bring big amount of RM to SG.

For the short term, will put most RM in MY FD and small amt to buy some blue chips (Maybank, SIME, etc)in KLSE.

My friend also told me to open Maybank gold investment account.

You can do around RM60k/day. Use transferwise and Sunway money. But if you want cheaper use Sunway money. Only pay RM1.00 and get the cheapest rate.

Majority of the people will just keep in bank account

Majority of the people will just keep in bank account
Actually not really. By buying FACEPM reits, chances of losing money is low as they are quality reits.
Don't try to scare people off. I never regretted going overseas. My only regret was buying sg stocks.

Just buy FACEPM reits
Frasers logistics
Fraser's center point
Capital land commercial
Elite REIT
Ascendas reit
Parkway life
Mapletree family if reirts


Don't bother with opening Maybank gold account. Avoid at all cost. If you really want to buy gold, open interactive broker and convert SGD to usd and buy spdr gld etf. You can't get any cheaper than spdr gld etf. You want to transfer huge amount, open business account with Sunway money. If you really want to preserve mkeny, buy etherrium.

Anyway Sunway money even though max rm30k transaction
/day is still cheap. Rm1.00/transaction and best rates in town. One month easily RM600k and only pay RM20. Very cheap in my option

RM30k x 20 days (4weeks and 5 working days).

This post has been edited by Ramjade: Oct 8 2021, 04:07 PM

with my limited knowing, and ramjade proves a point.
i starting to move my investment to US market via tiger broker sg and cimb sg.
the currency is one thing.
the other is US market (taking S&P500 index as a cue) has always been on a up and uptrend over a long period of time, unlike our bursa going up and down.

i dah insaf a bit and play it long.

moving to SREIT serve the purpose too. but I have limited fund, so i have to choose.

This post has been edited by cempedaklife: Oct 8 2021, 02:30 PM

rm 5m in sg can only open priority/premier or similar account; different service level and investment options available from private.

certain sg banks priority/premier account could trade stocks.

intra bank account transfer is not expensive and less hassle.

This post has been edited by icemanfx: Oct 8 2021, 04:30 PM

Same here. I got limited funds. Was a pure dividend investor before this year. Decided to change to growth and sell options. That way can get both capital gains and DIY dividends via options. Never been happier. Boost my dividend returns by around 1200%

This post has been edited by Ramjade: Oct 8 2021, 04:10 PM

Hi all. A very good informative thread for FIRE. Thank you very much OP for starting and others for sharing! Just curious, to open up a SG bank account, what bank is recommended and easy to open for Malaysian? All can be done online, I assumed?