Dividend Magic

Saving and Investing towards Financial Independence in Malaysia

Dividends

Dividend Income (Malaysia) Update 2025

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Filed Under: Dividends 1

A list of my past dividend income from Malaysia and updates can be found below:

Dividend Magic Dividend Income Update

Dividend Income (Malaysia) Update – March 2025

Dividend Income (Mar) –  RM4,453.84
Dividend Income (2025) –  RM10,998.04
Dividend Yield – 2.55%

RM4,453.84 in dividend income in March! A big jump from RM2,620.22 in March last year. Moving in the right direction.

Public Bank paid out RM770 in March 2025, up 10% compared to RM700 in 2024.
Maybank went up to RM1,859.84 from RM1,801.72 last year. A 3+% increase.

I’ve since added more Maybank on MooMoo, and it gave me an additional RM1824 this year.

No additional buy or sell in March. But markets are really volatile now, and I’ve got my ammo at the ready.

Previously, I’ve also moved most of the stocks from my Hong Leong trading account to moomoo (I took advantage of their promo and will be getting an Apple share for transferring in) and will be investing from Moomoo. You can find my latest review on moomoo MY hERE.

Moomoo referral link: http://j.moomoo.com/00KiPh
Referral Code: DM77

Asset Allocation

Updated 2025

I’ll also be leaving my previous section on asset allocation here (down below) and updating it again towards the end of the year.

All my assets can be categorised into two main categories – Safe and Growth

2025 Asset Allocation
Safe Assets (48%)
FD and savings – 7%
ASM, EPF & PRS – 26%
Bonds – 15%
Growth Assets (52%)
US stocks, MY stocks, crypto, P2P

2024 Asset Allocation
Safe Assets (54%)
FD and savings – 13%
ASM, EPF & PRS – 24%
Bonds – 17%
Growth Assets (46%)
US stocks, MY stocks, crypto, P2P

For a little privacy and to avoid disclosing my exact numbers, I’ve lumped my growth assets into one. 😉
And so, the above is what my allocation looks like. It is very conservative considering my age. I’m still (relatively) young. Ideally, I would like to have about 60% in growing assets, maybe even 70%.

Financial Independence but not Retirement

Relating to FI/RE, I realise that I may be reaching my goal soon. And maybe it is time to update the FI/RE guide as well.
As this wasn’t an overnight achievement, there isn’t much excitement on my part. Perhaps more of a gradual anticipation.
I am, however, a little disillusioned. So I have a few questions for everyone:
1. What is your FI/RE number?
2. What do you plan to do with said amount?
I’m considering dumping into EPF (reaching the RM1M mark to enable withdrawals) and leaving the rest in stocks. OR leaving >50% in stocks and the rest in Safe Assets.
3. What jobs have you considered taking once you are financially independent?
I don’t like to be idle and I’m considering so many different jobs.
a. Work and travel
b. Working a simple job nearby with whoever is hiring
c. Becoming a personal trainer as I enjoy working out
d. Go into the financial planning field and utilise my CFP
e. Live off-grid and farm

For stock investing, I use Rakuten and moomoo MY. Don’t forget to use my referral link for extra rewards.

As always, follow my Facebook and Instagram to keep up to date!

Dividend Income (Malaysia) Update – February 2025

Dividend Income (Feb) –  RM3,054.20
Dividend Income (2025) –  RM6,544.20
Dividend Yield – 1.52%

RM3,054.20 in dividend income (Malaysia) for February 2025. This is a pretty big increase compared to the previous year. IGB REIT’s dividends actually decreased for the first quarter. It has been some time since they’ve decreased dividends. RM832.11 from RM898.52 previously.

Thankfully, we were saved by SunREIT’s increase in dividends – RM2,222.10 vs RM1,878.56.

BUY: Bought more Scientex in February. Holding a total of 52,300 units now.

SELL: Sold APOLLO to free up a little money, anticipating a downturn in the economy.

Dividend Income (Malaysia) Update – January 2025

Dividend Income (January) –  RM3,490.00
Dividend Income (2025) –  RM3,490.00
Dividend Yield – 0.89%

RM3,490.00 in dividend income (Malaysia) for January 2025. This is a huge increase compared to the previous year as we added Apollo to our portfolio. Scientex’s dividends increased from RM1,900 in 2024 to RM2,280 this year. That’s a 20% increase. Matrix’s one also increased from RM500 to RM550, a 10% bump. All in all, a good start to the year 2025.

As Matrix have been giving the portfolio a very solid performance, I’ll be monitoring and waiting for the right price to add more.

BUY: During trading last week, Scientex’s share price briefly took a dip below RM4. I took the opportunity to add 6,300 units at RM4.01 per share. You’ll see this reflected when I update my Freedom Fund come end of Q1.

Moomoo referral link: http://j.moomoo.com/00KiPh
Referral Code: DM77

MULA Review – Fee-Only Financial Planning in Malaysia

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Filed Under: Dividends 0

I recently got to try out and get a financial planning session with Priscilla Yong, a CFP from MULA.

You may have seen and heard of MULA:
Website: https://www.mula.com.my/
Instagram: @mula.advisory

I was interested in having a financial planning session because I wanted to have an unbiased third-party view on how my financials stand. Being a CFP myself and managing my own finances since forever, it was an eye-opening experience. On one hand, it helped solidify some beliefs and I got some reassurances but I also found that I was a little too comfortable with some parts. More on this later.

My Plan

MULA Review Financial Planning Dividend Magic DM

I won’t be posting the whole report I got as some of the information are private and also because these are not meant to be shared with the public. I’ve gotten prior approval and permission from MULA to share these.

As above, this is the table of contents. From here, you should have a rough idea on what the financial plan from MULA covers.

MULA Review Financial Planning Dividend Magic DM

My goals – kept it simple, needed just about RM5,000 per month and some for travelling every year. For now.

MULA Review Financial Planning Dividend Magic DM

This was the part where I was a little too snuggled in my comfort zone and was rightly brought back to reality by Priscilla who informed me that my current mortgage rate was a little higher compared to what is being charged in the market. And this is where I benefited from having a financial planner look through my numbers. I think I will be saving a lot more once I get my mortgage looked at.

Reasons for Engaging a Financial Planner

The main reason I looked for a financial planner was to make sure I was on track financially and also to get a second opinion on the handling of my finances. There will always be ways where I can optimise and do better.

Your reasons for engaging the services of a financial planner may differ from mine. But I think even if you’ve been absolutely thorough with your own financial plan, it is still good to have someone else take a look at it.

MULA Review – Verdict

I’d like to point out that I was first asked to provide feedback on MULA’s app when it first launched. After learning more about them, I decided to give them a shoutout here and also got a referral code to share with everyone.

Fee-Only Financial Planners

I’m a huge advocate of fee-only financial planners. You don’t want them to push certain products just because they are incentivized by commissions. Always, always go for a fee-only planner.

MULA is one of the cheapest I’ve come across in the industry at RM1,999 for a one-year plan. You get a comprehensive plan, and a thorough explanation of said plan via a video call.
AND you get access to your financial planner throughout the year where you can schedule a quick call if you need to reconfirm figures etc or just to get their opinion. Realistically one would only do a review semi-annually or annually.
Also, with MULA, it gets cheaper by 10% every year you renew your plan.

Teknologi Terkini and Very User-Friendly Interface

When I started the financial coaching process, I had to key in all my financial info in their MULA App. I must say, I really like their simple UI.
They also have your data stored securely and you can pull them up to refer at any given time via the app. The amount of data I had to key in initially was a lot. I spent close to an hour going through old documents to make sure my figures were correct. But I still went through with it as it would be valuable information that I could compare with in the future

All your reports, old and new will also be available.

MULA Promo and Referral Code

First off, the code to sign up is: A007
MULA has also very generously provided us with some T-shirts. They’ll be given to the first 5 customers who sign up using the above code.

MULA Review Financial Planning Dividend Magic DM T Shirt

Please show your love to MULA as I believe they’re leading the financial planning industry onto the right path by first and foremost being – Fee-only. And they’re also making financial planning easily available to the masses. Trust me, we all need it. And of course, all these at a very reasonable rate.

On a personal note, I will be stepping into the financial planning industry as well (which was actually what brought MULA to my attention initially). I’ll have more updates for everyone soon as I look to join a financial planning firm and take on some clients! It’ll of course be a fee-only FP firm.

If you’d like to know more about personal finance, you can start with this article here.

MooMoo Malaysia Review: Platform, Fees & Full Guide

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Filed Under: Dividends, Free Stuff, Investment, US Stock Investment 9

MooMoo Malaysia is finally licensed by our own Securities Commission and is finally available for trading here in Malaysia.

What’s New (2025)

  1. Cash Plus – I’ve added the details below, but basically our idle cash can now earn interest. 3-3.5% for the MYR fund and 4.5+% for the USD fund.
  2. New, new user promo – details added below in the article.
  3. Additional RM40 for new users when you use my code – DM77
    The full steps on how to claim can be found below.

Sign up link: Moomoo Malaysia

See how MooMoo Malaysia compares to other brokers here: Stock Brokers Comparison

Key details to know before signing up

  1. Fees – one of the lowest available to us (licensed brokers), zero commission for 180 days
  2. Cash Plus – Your idle cash can now be put into MY or USD money market funds that earn at least 3-3.5%. US one earns you close to 5% as of Aug 2024.
  3. Regulation – Licensed and regulated by the Securities Commission of Malaysia
  4. Interface – Very user-friendly
  5. Account type – Nominee

MooMoo Malaysia FAQ

Some other frequently asked questions I got from readers.

  1. What is Moomoo?
    MooMoo Malaysia is an online brokerage platform that offers commission-free trading and advanced tools for investors.
  2. Is Moomoo available in Malaysia?
    Yes, Malaysian investors can access Moomoo for a localized and user-friendly trading experience.
  3. What fees does Moomoo charge?
    Malaysia Stocks:
    0 commission
    2. Platform Fees: RM 3 / Order
    Minimum: RM3
    US Stocks:
    0 commission
    Platform Fees: $0.99 / Order
    Minimum: $0.99
  4. How do I open a Moomoo account?
    Download the app or visit the website, complete the registration process, and verify your identity. These can all be done 100% online!
  5. Does Moomoo offer research tools?
    Yes, it provides real-time market data, charts, and analytics. They have a vibrant social community as well.
  6. Is customer support available for Malaysian users?
    Yes, Moomoo offers dedicated support for users in Malaysia.
  7. How secure is the platform?
    They are licensed by our highest authority in Malaysia – The Securities Commission (SC)
    Moomoo also uses industry-standard security measures ie. 2FA for logins etc.

Step-by-step Guide: How to Redeem from your MooMoo MY Cash Plus Account

It has been frustratingly hard for me every time I try to redeem/withdraw from the Cash Plus account and I assume it must be for you too. So here’s a short guide for you to refer to whenever you get stuck.

Below is the step-by-step guide.

Look for the Accounts button at the bottom of your screen.

Accounts button. Step-by-step Guide: How to Redeem from your MooMoo Cash Plus Account

Now look for Securities and Funds, and select Funds.

Funds Step-by-step Guide: How to Redeem from your MooMoo Cash Plus Account

Scroll down a little and you’ll find your Cash Plus fund – mine is United Money Market Fund-Class R.

United Money Market Fund-Class R Step-by-step Guide: How to Redeem from your MooMoo Cash Plus Account

Click on it and you’ll be brought to the fund page. At the bottom, you’ll see your Redeem button.

Redeem Step-by-step Guide: How to Redeem from your MooMoo Cash Plus Account

    Step-by-step Guide: How to Withdraw from your MooMoo MY Account

    If you’re looking to withdraw to your bank account after redeeming, follow the below steps:

    Go back to the same Accounts tab earlier at the bottom of your screen.
    Look for the All button.

    All button Step-by-step Guide: How to Withdraw from your MooMoo Account

    You’ll then find Withdraw under the Funds category.

    Withdraw button Step-by-step Guide: How to Withdraw from your MooMoo Account

      Make sure that you’re withdrawing to your own bank account as the name of the account holder has to match.

      MooMoo Malaysia Referral Code and Latest Promotion

      Sign-up offer and promotion for new users right now (updated December 2024):

      1. Deposit ≧RM1,000 and hold for 60 days to get RM100 reward. You can get an extra RM40 when you use my code – DM77 via Exclusive Deposit as shown in the image above
      2. Deposit ≧RM10,000 and hold for 60 days to get RM550 in rewards (including 0.3 shares of Nvidia stock)
      3. Deposit ≧RM30,000 and make 3 buy transactions and hold for 60 days to get one Nvidia stock for free

      More T&Cs on Moomoo’s website.
      Another noteworthy update is that Moomoo now supports FPX deposits. I get mine immediately reflected.
      You can sign up via my link here: https://j.moomoo.com/00KiPh
      Exclusive deposit code: DM77
      Thank you in advance!

      Also, from today to Jun 30th, Moomoo will reward customers who sign up with the above link with an extra RM50 reward. All you have to do is deposit RM1,000 and you will get an extra RM50 in coupons. The stock coupons will automatically arrive in your account within 5 working days.

      What I’ve Received as Rewards from Moomoo so far

      March 2024 – 1 Apple share (new customer promo)
      March 2024 – RM50 cash voucher and RM50 cash coupons (new customer promo)
      April 2024 – RM50, RM100 and RM500 cash coupons (deposit & invest)
      July 2024 – 1 Apple share (transfer-in promo)

      A few other fee subsidies and all but I won’t be taking those into account. One Apple share is worth about RM1K today. So that’s a total of RM2,750 in rewards I’ve gotten out of Moomoo so far. I know not everyone would’ve been able to capitalise on all their promotions but I hope you’ve gotten some at least.

      I will continue to share new promos that are worthwhile so you won’t miss any. Sign up for my newsletter for these updates (subscribe via the form on the home page, right sidebar or at the very bottom of this page)

      You can sign up via my link here: https://j.moomoo.com/00KiPh
      Exclusive deposit code: DM77

      My Verdict: Yes I’ve Moved to MooMoo Malaysia

      Update: I’ve moved my Hong Leong stocks to Moomoo.

      Now, personally, I’m thrilled another licensed brokerage has joined us.

      Security and safety-wise, nothing beats SC licensing and regulation for us Malaysians. Their holding company – Futu Limited is also a listed company on NASDAQ. I’d say this is as safe as it gets for investors.

      I will be looking to probably move my funds from eToro to MooMoo MY within the next few months. Currently checking out their paper trading functions as well.

      I know most of you savvy investors will be looking to cash in on the RM100 cash coupons and Apple share to get the most bang for your buck. Make sure you are aware of the terms, ie the RM8,000 deposit will need to remain in your account for at least 30 days to qualify.

      As always, you can sign up via my referral link hERE and help support the blog. Thank you!
      Exclusive deposit code: DM77
      See how MooMoo Malaysia compares to other brokers here: Stock Brokers Comparison

      Disclaimer:
      All views expressed in the above post are the independent opinions of the author, which are not necessarily shared by Futu Malaysia Sdn. Bhd. (“Moomoo MY”). No content shall be considered financial advice or recommendation. Moomoo MY links are included in this post, through which referrals are made and I may receive certain commissions. Please contact Moomoo MY for more information.

      Dividend Income (Malaysia) Update 2024

      By
      Filed Under: Dividends 2

      A list of my past dividend income from Malaysia and updates can be found below:

      Dividend Magic Dividend Income

      Important Update: I’ve fixed my email subscription button and will be taking it seriously moving forward. You can find it on the homepage and on the right side bar as you’re reading this.

      Feel free to sign up (you can unsubscribe and opt-out anytime). You’ll get updated on new articles, monthly updates and important reminders (such as to keep calm during turbulent times). I promise, no bullshit promos or sponsored ads or misinformation, ever. See you there!

      Dividend Income (Malaysia) Update – November 2024

      Dividend Income (November) –  RM1,001.87
      Dividend Income (2024) –  RM20,735.99
      Dividend Yield – 5.50%

      RM1,001.87 in dividend income (Malaysia) for November. This is an increase compared to the previous year as we added Apollo to our portfolio. Also, IGB REIT’s dividends have increased as well y-o-y. RM891.87 compared to RM865.31.

      We will have passed the RM20,000 mark in dividends this year with a yield of 5.50% currently. I’ll continue to add more money into stocks and be less conservative moving forward. The goal is still RM1,000,000 in Malaysian stocks.

      Previously, I’ve also moved most of the stocks from my Hong Leong trading account to moomoo (I took advantage of their promo and will be getting an Apple share for transferring in) and will be investing from Moomoo. You can find my latest review on moomoo MY hERE.

      Moomoo referral link: http://j.moomoo.com/00KiPh

      I’ll also be leaving my previous section on asset allocation here (down below) and updating it again towards the end of the year.

      All my assets can be categorised into two main categories – Safe and Growth

      Safe Assets (54%)
      FD and savings – 13%
      ASM, EPF & PRS – 24%
      Bonds – 17%

      Growth Assets (46%)
      US stocks, MY stocks, crypto, P2P

      For a little privacy and to avoid disclosing my exact numbers, I’ve lumped my growth assets into one. 😉
      And so, the above is what my allocation looks like. It is very conservative considering my age. I’m still (relatively) young. Ideally, I would like to have about 60% in growing assets, maybe even 70%.

      Financial Independence but not Retirement

      Relating to FI/RE, I realise that I may be reaching my goal soon. And maybe it is time to update the FI/RE guide as well.
      As this wasn’t an overnight achievement, there isn’t much excitement on my part. Perhaps more of a gradual anticipation.
      I am, however, a little disillusioned. So I have a few questions for everyone:
      1. What is your FI/RE number?
      2. What do you plan to do with said amount?
      I’m considering dumping into EPF (reaching the RM1M mark to enable withdrawals) and leaving the rest in stocks. OR leaving >50% in stocks and the rest in Safe Assets.
      3. What jobs have you considered taking once you are financially independent?
      I don’t like to be idle and I’m considering so many different jobs.
      a. Work and travel
      b. Working a simple job nearby with whoever is hiring
      c. Becoming a personal trainer as I enjoy working out
      d. Go into the financial planning field and utilise my CFP
      e. Live off-grid and farm

      For stock investing, I use Rakuten and moomoo MY. Don’t forget to use my referral link for extra rewards.

      As always, Facebook, Instagram, and now! Follow, and keep up to date.

      Dividend Income Update – October 2024

      Dividend Income (October) –  RM740.68
      Dividend Income (2024) –  RM19,734.12
      Dividend Yield – 5.24%

      RM740.68 in dividends for October. It’s an increase compared to the previous year as we’ve added Matrix and cut Nestle. Sunway’s dividends have increased as well y-o-y.

      We will pass the RM20,000 mark in dividends this year but we’re unlikely to get to a 6% yield. I’ll continue to add more money into stocks and be less conservative moving forward. The goal is still RM1,000,000 in Malaysian stocks.

      Dividend Income Update – September 2024

      Dividend Income (September) –  RM6,813.80
      Dividend Income (2024) –  RM18,993.44
      Dividend Yield – 5.05%

      Nothing in August but we got a big bump in September this year. Mainly thanks to a bigger Maybank holding. Received a total of RM3,338.48 in dividends from Malaysia’s largest bank. Yield is around the 6% region. A little tough to calculate as I’ve got them in two different brokerage accounts. Next year’s figures will be easier to calculate.

      Also received RM852.02 from IGB REIT. An increase compared to RM788.56 last year. Yield is at 5.27% currently (one more dividend to go).

      RM700 from Public Bank compared to RM630 last year. Yield increased significantly from 4.03% to 5.76% this year. Still can’t believe I’m seeing yields like this from PBB. Regret not buying more..

      SunREIT paid out RM1,910.70 this time around compared to RM1,308.46 last year. Yield went up from 4.10% to 5.62% this year/ Finally looking like a proper REIT.

      Dividend Income Update – July 2024

      Dividend Income (July) –  RM2,780
      Dividend Income (2024) –  RM12,179.64
      Dividend Yield – 3.24%

      Received RM2,780 in dividends for July 2024.
      One from Scientex, which gave me RM2,280 this year, compared to RM1,900 last year. It may not seem like it’s a lot but that’s a 20% increase. 5.06% yield for me.

      Another was from Matrix – RM500. First year holding this stock so no comparison yet. 4.69% yield so far.

      Dividend Income Update – May 2024

      Dividend Income (May) –  RM984.87
      Dividend Income (2024) –  RM9,399.64
      Dividend Yield – 2.44%

      Received RM984.87 in dividend income for May 2024.
      All of them are from IGB REIT, compared to RM930.99 same time last year. That’s a 5.7% increase.

      We may be skipping June’s update as typically we don’t receive dividends in June. We will have an update on how the Freedom Fund is doing though.

      Dividend Income Update – April 2024

      Dividend Income (Apr) –  RM617.47
      Dividend Income (2024) –  RM8,414.77
      Dividend Yield – 2.18%

      Received RM617.47 in dividends for April 2024.
      RM500 from Matrix.
      RM51.85 from Sunway.
      RM65.62 from Sunway – Preference shares.

      Relatively quiet month.
      RM500 from Matrix, bought it last year so nothing to compare it to for the time being. The rest were from Sunway. Company is at an all-time high right now (finally).

      I’ve also been contemplating moving more money out from my safe assets for awhile now. Will probably go all in on one stock soon – Maybank? =)

      Dividend Income Update – March 2024

      Dividend Income (Mar) –  RM2,620.22
      Dividend Income (2024) –  RM7,797.30
      Dividend Yield – 2.02%

      Received RM2,620.22 in dividends for the third month of 2024.
      RM700 from Public Bank.
      RM1,801.72 from Maybank.
      RM118.50 from QL Resources.

      Both Public Bank and Maybank have increased their dividend amount compared to last year.
      QL’s remained the same. And as the price has increased this month, I’ve subsequently sold all of my QL shares in line with my consolidation plans. Will be moving it to moomoo account to reinvest in either Matrix, Maybank or Scientex.

      Dividend Income Update – February 2024

      Dividend Income (Feb) –  RM2,777.08
      Dividend Income (2024) –  RM5,177.08
      Dividend Yield – 1.26%

      Received RM2,777.08 in dividends for the second month of 2024. RM898.52 from IGB REIT and RM1,878.56 from SunREIT. My only two REIT holdings at the moment.
      SunREIT and IGB REIT are both doing good and both had an increase in dividend payout this year compared to 2023.

      Dividend Income Update – January 2024

      Dividend Income (Jan) –  RM2,400
      Dividend Income (2024) –  RM2,400
      Dividend Yield – 0.59%

      Had RM2,400 in dividends for the first month of 2024. RM1,900 from Scientex and RM500 from Matrix. My two darlings.
      Scientex maintained the same dividend payout as 2023. Matrix is a new one for me and RM500 will be the first I receive from them.

      Dividend Income Update 2023

      By
      Filed Under: Dividends 0

      A list of my past dividend income and updates can be found below:

      December & Review of 2023

      Dividend Income (Dec) –  RM343.79
      Dividend Income (2023) –  RM18,757.11
      Dividend Yield – 4.58%

      2023 was good for me. I ended the year with RM18.7K in dividends, giving me a 4.58% yield.

      Made some adjustments to my MY stock portfolio and will continue to do so in 2024. The main focus will be on building up that dividend income.

      Besides my MY portfolio, things have also been going well on the US side.

      Total Y-O-Y growth for all my assets is around 30%.

      I would like to touch a little on my total portfolio and would like to show everyone my asset allocation.

      All my assets can be categorised into two main categories – Safe and Growth

      Safe Assets (54%)
      FD and savings – 13%
      ASM, EPF & PRS – 24%
      Bonds – 17%

      Growth Assets (46%)
      US stocks, MY stocks, crypto, P2P

      For a little privacy and to avoid disclosing my exact numbers, I’ve lumped my growth assets into one. 😉
      And so, the above is what my allocation looks like. It is very conservative considering my age. I’m still (relatively) young. Ideally, I would like to have about 60% in growing assets, maybe even 70%.

      Financial Independence but not Retirement

      Relating to FI/RE, I realise that I may be reaching my goal soon. And maybe it is time to update the FI/RE guide as well.
      As this wasn’t an overnight achievement, there isn’t much excitement on my part. Perhaps more of a gradual anticipation.
      I am, however, a little disillusioned. So I have a few questions for everyone:
      1. What is your FI/RE number?
      2. What do you plan to do with said amount?
      I’m considering dumping into EPF (reaching the RM1M mark to enable withdrawals) and leaving the rest in stocks. OR leaving >50% in stocks and the rest in Safe Assets.
      3. What jobs have you considered taking once you are financially independent?
      I don’t like to be idle and I’m considering so many different jobs.
      a. Work and travel
      b. Working a simple job nearby with whoever is hiring
      c. Becoming a personal trainer as I enjoy working out
      d. Go into the financial planning field and utilise my CFP
      e. Live off-grid and farm

      Feel free to leave your thoughts via comments on this page. I’d love to hear from everyone and get some suggestions.

      I posed question No. 3 on my socials a few days ago and we had some nice comments and discussions from everyone on Facebook and Instagram. Feel free to have a look!

      For stock investing, I use Rakuten. If you want to open a trading account with Rakuten Trade, let me direct you to my review on them hERE. Don’t forget to use my referral link for extra rewards.

      As always, Facebook, Instagram, and now ! Follow, and keep up to date.

      October & November

      Dividend Income (Oct) –  RM378.68
      Dividend Income (Nov) –  RM865.31
      Dividend Income (2023) –  RM18,413.32
      Dividend Yield – 4.45%

      Note: A slight mistake was made whereby October’s numbers were included in the last update’s Total. Rectified now.

      The dividend yield of the portfolio is at 4.45%. We’ve surpassed last year’s RM16K in dividends last month.

      Made some big changes to the portfolio.
      Sold: Axis REIT, Nestle and TGUAN.
      Bought: Matrix, SunREIT

      Finally going to say goodbye to my beloved Nestle.
      Reasons for selling is to re-optimise the portfolio. We’re sitting on RM75K in cash right now. I’ll be updating the portfolio’s holdings at the end of the year.

      Looking to add more Matrix for the dividends and capital appreciation. And more into Maybank and Scientex soon if and when a drop occurs. We’ll bring dividend yield into the 5-6% territory.

      No major updates on the US front, still about the same for VOO. eToro’s portfolio has gone up by a bit though.

      August & September

      Dividend Income (Aug) –  RM983.15
      Dividend Income (Sept) –  RM3,772.99
      Dividend Income (2023) –  RM17,548.01
      Dividend Yield – 4.43%

      The dividend yield of the portfolio is at 4.43%. We’ve surpassed last year’s RM16K in dividends already. Don’t think we’ll get to RM20K this year but we’re getting there! If you’ve noticed, I’ve not been adding capital to my portfolio here for the past year, instead, I’ve just re-optimised the portfolio and it seems to be working.

      The extra money has been dumped into my VOO on Rakuten Trade and most recently to ASM. You can find out more about my ASNB and ASM hERE.

      I use Rakuten. If you want to open a trading account with Rakuten Trade, let me direct you to my review on them hERE. Don’t forget to use my referral link for extra rewards.

      As always, Facebook, Instagram, and now ! Follow, and keep up to date.

      June & July

      Dividend Income (June) –  Nil
      Dividend Income (July) –  RM2,056.25
      Dividend Income (2023) –  RM12,413.19
      Dividend Yield – 3.13%

      Received dividends from Scientex and TGUAN in July. The dividend yield of the portfolio is at 3.13%.

      Scientex’s dividends have increased to a 4.6% yield from 3.46% last year.
      TGUAN is maintaining its yield but the share price has underperformed.

      VOO on Rakuten Trade is doing good as well:

      April & May

      Dividend Income (Apr) –  RM1,925.87
      Dividend Income (May) –  RM1,627.53
      Dividend Income (2023) –  RM10,356.94
      Dividend Yield – 2.61%

      Received dividends from Sunway, TNB, FPI, Nestle, IGBREIT and AXIS REIT in April and May.
      All dividends have increased or stayed the same, except for Sunway and AXIS REIT.

      Nestle interestingly finally upped their dividends after many years. We should see it maintain/increase for the foreseeable future.
      We moving up!

      Updated my US Portfolio on Rakuten Trade as well:

      Started DCA-ing religiously every month when the market was down. This is the result of about 6 months.

      We’re up this month as well. USD continued its gain on MYR as well.

      March

      Freedom Fund Q1 Update – March 2023
      Dividend Income (Jan) –  RM2,252.27
      Dividend Income (Feb) –  RM2,274.42
      Dividend Income (Mar) –  RM2,231.85
      Dividend Income (2023) –  RM6,758.54
      Dividend Yield – 1.70%

      Received dividends from IGB REIT, Sunway REIT and Axis REIT in February.
      Public Bank, Maybank and QL Resources in March. All dividends have increased or stayed the same.
      We moving up!

      Also, added Maybank shares to the portfolio, and sold Cypark.

      I’d like to share a little update on my US Portfolio on Rakuten Trade as well.

      Started DCA-ing religiously every month when the market was down. This is the result of about 6 months. Will be looking to buy only VOO for now via Rakuten Trade and continue with the DCA when the market drops. Sucks to see the value of our MYR.

      If you want to open a trading account, let me direct you to my review on them hERE.

      As always, Facebook, Instagram, and now ! Follow, and keep up to date. I use Rakuten

      January

      Freedom Fund as of January 2023
      Dividend Income (Jan) –  RM2,252.27
      Dividend Income (2023) –  RM2,252.27
      Dividend Yield – 0.57%

      Received dividends from Scientex, Axis REIT and TGUAN for January. Both Scientex and Axis REIT gave higher dividends compared to 2022 and TGUAN stayed the same.

      If you’re looking to open a trading account, let me direct you to my review on them hERE.

      As always, Facebook, Instagram, and now ! Follow, keep up to date. I use Rakuten Trade as my broker.

      Acquisition and Disposals

      Nil.

      Scientex

      January 2023 Dividends – RM1,900
      January 2022 Dividends – RM1,500
      Total 2023 Dividends –  RM1,900
      Dividend Yield – 2.30%

      Axis REIT

      January 2023 Dividends – RM196.02
      January 2022 Dividends – RM195.19
      Total 2023 Dividends –  RM196.02
      Dividend Yield – 1.13%

      TGUAN

      January 2023 Dividends – RM156.25
      January 2022 Dividends – RM156.25
      Total 2023 Dividends –  RM156.25
      Dividend Yield – 0.44%

      Tiger Brokers Review: Platform, Fees & Features

      By
      Filed Under: Investment, Dividends, FI/RE, Financial Independence, Investment Portfolio, Sponsored, US Stocks 2

      As of 2025, I am now using only MooMoo Malaysia and Rakuten Trade for my stock trading needs.

      I have had an account with Tiger Brokers since 2020 but have yet to utilise it apart from trying out their interface and depositing a small amount in there.

      If you are looking to trade international stocks and have yet to open an account with Tiger Brokers, you will be glad to know that there are huge perks to opening an account now.

      Tiger Brokers Account Opening Referral and Promotion

      • 1 unit of Grab share
      • Unlimited commission-free trades for HK, SG, and China A-Shares for 365 days.
      • Unlimited commission-free trades for US stocks for 180 days. 

      Account Funding Reward (Initial Deposit of SGD1,000 or more + execute 5 BUY trades)

      • SGD88 cash

      The full T&C can be viewed hERE. The promotion lasts till 12 October 2022.

      Why Tiger Brokers?

      Fees

      First off, as always, fees. Tiger Brokers’ zero-commission trading is huge and beats many other international brokers.

      Now, zero commissions do not mean that trading of US shares is totally free because there is, of course, a platform fee of USD0.005 per share or a minimum of USD1 per trade. It is a fee, but it is cheaper in comparison to many other brokers. So, keep that in mind.

      As I’ve mentioned many times, fees are important because they eat their way into your investment and you’ll find yourself paying a lot more than 1% at the end of day, say, 20 years.

      You may think a 0.1% or a 1% fee is of no significance but with the compounding nature of long-term investing, we, as average investors, are looking at hundreds of thousands to millions of dollars in our investments at the end of the day.

      Regulation and Protection

      Tiger Brokers (Singapore) Pte Ltd is regulated by the Monetary Authority of Singapore (MAS).

      Elsewhere, they’re also regulated by the SEC in the US, ASIC in Australia and HKSFC in Hong Kong. They’re compliant in all the countries they operate in so they’re safe. Apart from that, customer funds are held in a segregated trust account with DBS Bank Ltd. Custodian of investors’ shares is with the Central Depository (CDP) as well as overseas brokers.

      Another important safety factor is that Tiger Brokers is listed on NASDAQ and under the ticker TIGR. This, in my book, adds credibility to Tiger Brokers as a brokerage platform. Their books and reports are easily accessible should you feel the need to refer to them as well.

      Rewards

      There’s a built-in rewards system for users of Tiger Brokers – Tiger Coins. By completing certain tasks (which aren’t all that hard) you’ll be credited with Tiger Coins which can be used to redeem rewards such as commission-free trades.

      Account Opening and Registration

      So, you’ve decided to open an account. Two types of accounts are available at Tiger Brokers – Margin and Cash Upfront. I’ll always recommend a cash upfront account to start with. If you’ve been trading and investing for a long time and are confident in your abilities, you can always move up and open a margin account.

      Link to register hERE.

      Funding Your Tiger Brokers Account

      The are many ways to move your funds to Tiger brokers but the best I’ve found and that’ll save you fees in the future is this: You’ll have to open a bank account in Singapore. Basically, you transfer your monies to an SG bank account (you can use services like Transferwise etc to save on fees) and then from there into your Tiger Broker’s account.

      Another transfer method to note is to use Wise which is integrated directly into the Tiger Trade APP, as part of a collaboration with Tiger Brokers. This method is fast and easy once it is set up. More info can be found here: https://www.tigerbrokers.com.sg/help/detail/87168024.

      What I’ll be Using

      As of 2025, I am now using only MooMoo Malaysia and Rakuten Trade for my stock trading needs.

      As always, my Facebook, Instagram. Follow, keep up to date.

      Because of Tiger Broker’s low fee structure, I’ll be looking to add a ton of long-term international stocks here. Especially US shares.

      Love the rewards I get from trading as well in the form of Tiger Coins.

      End.

      Account opening rewards are looking good and you get rewards as you trade and invest.

      If you’ve yet to sign up and want to, use the registration link hERE. Check out the full details of the promotion hERE.

      Disclaimer

      This post is sponsored by Tiger Brokers.

      T&Cs apply. Please visit our website for other applicable fees: https://www.tigerbrokers.com.sg/commissions/fees.

      This advertisement has not been reviewed by the Monetary Authority of Singapore.