About

About Me

Dividend investing in Malaysia. Saving and investing towards Financial Independence in Malaysia. Analysis reports on the best dividend stocks, REITs and investment strategies in South East Asia.

For advertising and/or work opportunities, you can find me hERE.

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I’m Leigh and I’m here to document my journey to Financial Independence in Malaysia. I believe in living frugally, saving up and investing. With this blog, I hope to inspire and help fellow Malaysians in achieving Financial Independence.

I am a certified financial planner with the Financial Planning Association of Malaysia. Currently working with a select few clients, helping them out with their finances as well as investments.

Below are some of my F.I. stats (2018):

  1. Passive Income (dividends): RM18,072.25 p.a.
  2. Portfolio Value: RM446,013.74 (as at March 2019)
  3. Passive Income (property): RM4,000 p.a. (estimated)
  4. Property Value: RM60,000 (after mortgage deduction)

My portfolio – the Freedom Fund can be found hERE.

My Goals

I aim to become financially independent by 35 years old, I enjoy living a frugal lifestyle (with the occasional lavish spending) while meticulously adding to my portfolio of dividend growth stocks.

To be able to maintain my current lifestyle, I’d need roughly RM36,000 per annum. I will formally pronounce my self financially independent when that RM36,000 p.a. in passive income is achieved. For now, all of my efforts will be to build towards this goal.

My Story

Reading books on investing and savings got me interested in Financial Independence. I started investing straight out of university. I didn’t have much then but I slowly built up my Freedom Fund as I started my first job. Progress was gradual in the beginning but with the help of my new found salary and compound interest, I managed to grow my portfolio from a mere RM10,000 to RM345,955.92 from 2013 to 2016. And then to RM453,205.61 in 2017.

It wasn’t easy keeping my savings rate above 50% per month. I still live with my parents, for the first few years I didn’t splurge on food and lived well within my means. With a healthy portfolio and time on my side, I can now afford to ease up and enjoy life a little more.

I’m here to show you what real investing is really like, and that anyone can invest. There will be losses, there will be gains, I aim to be 100% transparent in my investment journey, documenting all aspects of it.

The more Malaysians we can get on the road to financial freedom, the better off we all will be. I hope I’m able to start cultivating the Financial Independence mindset here at Dividend Magic.

Onwards and upwards!

18 Replies to “About”

  1. Hi Leigh!

    I just stumbled upon your site few days ago and it is really informative and inspiring!

    I am still very new in investing thus forgive me for asking this but when I purchase a share that gives out dividends, e.g airasia, how do they have the investor’s detail to issue out the dividends? Considering there’s a few platforms for us to purchase shares like rakuten or m securities..

    What’s the procedure? Do we register ourselves somewhere so that the statement is mailed to us?

    Thank you!

    1. Hey Anne,

      Welcome on board and thanks for taking the time to write in.

      Everyone starts off somewhere. So please go ahead with any questions you may have. We have a few veterans here that are more than willing to share their knowledge on investing.
      To answer your question, when you first open your brokerage account, you fill in your details. Including your bank account. That’s where they get it. =)

      You’re most welcome. Hope to heear more from you in the future.

  2. Hi there Leigh.

    Been a fan of your blog for this past few months and now currently trying to learn about investing in stocks trading (with zero knowledge since i’m an engineer) but i do get some of those info from an old friends of mine who told me about your blog. And now i’ve been buying few stocks share in Malaysia ( mostly properties developers/reits) as recommended by him as good start.

    1. Hey Gabriel,

      Don’t sell yourself short, engineers make great investors. =)
      Glad to hear you’ve started investing, what did you purchase specifically?

      Thanks for taking the time to write in. I appreciate it very much. And as always, if you’ve got questions, fire away.

      1. i’m currently focusing on Reits such as Alsreit, Sunreit and Pavreit , for Oil n Gas and others such Armada , and Airasia for starter. I’m focusing on common public listed company.

  3. Hi Leigh

    Your story is truly inspiring and admired your mindset towards MONEY!!! Definitely a lot to learn from a young guy like you.

    If I want to start building that passive income via dividend stocks, and say want to allocate RM1K each month to start with and increase the monthly after 6 mths, what would u suggest me to start?

    Many thanks in advance

    Ray

    1. Hi Ray,

      Thanks for taking the time to write in. And for your kind words.

      I’d say start by savings up that RM1K a month. And then invest every 6 months? That means you invest RM6K in one go, saving on transaction fees. I’d say start with a company u understand.

      Hope this helped!

  4. Really Really Inspired by your blog.. Became a big fan of you.. For 2 reasons – My goal of financially become independent by 42 so I can start my own company and venture into start up … Second, Your transparency .. Very few people are transparent into what they invest.

    I want your ideology and thought process for not investing in Petronas related companies – PetDag, PetGas or PetChemical?

    I am not looking for recommendation but brainstroming and if you has to invest on Petronas companies which one you will invest and why?

    1. Hi Raghu,

      Thank you for the kind words. I appreciate you taking the time to write them.

      So yea, petronas companies. When I invest in a big company like that, I like to invest in the holding company. Of course I’d like a piece of the pie of Malaysia’s largest company. But I don’t want to just invest in its retail arm or gas arm etc. I view it as risky.

      If I had to choose, I’d say PetDag I guess. But as mentioned, my money will be else where.

      Hope this helped! And I’ll see you around in the comments section in the future I hope. I’ll remember that goal of yours. FI by 42.

  5. Hi Leigh,

    I have 1k per month saving just for investment.
    Do you think if I lump sum my money into one banking share (Maybank or CIMB) would it be beneficial? Or diversify investment?

    Cheers,
    MJ

  6. hi dividend magic, i would like to ask some for some advice.
    for Example i bought IGB Reits at a high price @RM1.80 unit with almost 90% of my fund.
    would it be advice to sell off and wait to buy back at a lower price?

  7. hi leigh! i was wondering what minimum age would i need to be to start investing? and is everything in your portfolio ,companies that don’t deal with any negative products like alcohol etc.?

    1. Hi Hanif,

      Minimum age would be 18, if you’re below 18 you could have your parents or legal guardian assist.

      What do you mean by negative? As in halal and Syariah compliant?
      I think right now, my portfolio consists of halal products. But I don’t invest based on that. I invest in everything and anything as long as its profitable heh.

  8. I’m inspired by you, I am amazed by how you grow into a huge amount of money in a short amount of time, but still I can’t figure it out how compounding interest works in stocks. Would love to get in touch!

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