My MLT Platform Portfolio
I go by the name Dividend Magic on Bursa’s MLT platform and the above is my portfolio’s current performance.
I’m currently mirroring the stocks from 3 different analysts, using the platform to try my hand on penny stocks based on the analysis of the Traders.
If you are however a first-time investor, do focus on the more established stocks. I’d suggest looking at a stock on your own, do your own analyses and then compare what you found to the licensed Traders on the MLT platform. Trust me, you’ll be able to pick up a lot in no time at all.
How You Should Use It
I had the pleasure of meeting with the Bursa MLT team last month. The two main purposes of the new platform are to encourage participation in the stock market as well as to educate Malaysians on sound and effective investing.
There are opportunities in investing in the stock market that Malaysians are missing out on, especially the youths. As I’ve always been advocating, investing should begin as early as possible.
If you are a total beginner, Bursa’s MLT platform serves as a good place for you to start and familiarize yourself with stock investing and trading.
There are currently 9 analysts on there from which you can follow and mirror their trades. These are investment analysts that are licensed in Malaysia to research and come out with reports on companies in the stock market and recommend if you should buy, hold or sell a stock.
The analysts on the platform actually follow up on their reports on the companies they cover and perform virtual buy or sell trades on the individual stocks.
What does this mean for you as an investor? You get to understand the WHY.
Why did Analyst A actually purchase Stock B yesterday? It’ll be in their commentary on the platform and if you’ve got any additional questions, fire away in the MLT Community tab.
I’d suggest new investors to start mirroring the Traders on the platform and trade virtually. Eventually, once you’ve familiarized yourself with it, start putting in actual trades on your own trading account and start investing for real.
If you’re interested in opening an account, you can start hERE.
The platform serves as a really good way for first-time investors to start investing in the stock market. You as an Investor would be given a virtual starting capital of RM100K. Thereafter, based on the Traders’ analysis and picks on the stocks in their portfolios, you choose which stock to mirror.
By mirroring the stocks, you effectively add them to your own portfolio and its all autopilot from there. The platform automatically calculates your profit or loss based on your very own virtual portfolio.
One thing many of you highlighted as Investors was that you were unable to find and mirror your own individual stocks. Instead, you had to find it in a Trader’s portfolio and mirror it from there. I believe this is built in such a way so that as an Investor, Bursa wants you to learn from licensed analysts so that you understand why trades on the stocks were decided based on their fundamental reasons and technical analyses.
How to Sign Up
Firstly, the MLT platform is only open to residents of Malaysia. Users must be individuals 18 years of age or older as at the date of entry into the platform.
Also, another reason to sign up is the monthly lucky draw giveaway.
You may find the link to sign up hERE.
Here’s a video on MLT: