• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Dividend Magic

Saving and Investing towards Financial Independence in Malaysia

  • Facebook
  • Instagram
  • Twitter
  • HomeMain Page
  • Start HereHow to Invest
    • Start Here – Read this First
    • Stock Investing Guide
    • REITs
    • Stock Brokers Comparison
    • US and International Stock Broker Comparison
    • Best Dividend Stocks
    • Dividend and Growth Investing
    • Start Investing
  • My PortfoliosMy Investment Portfolios
    • Freedom Fund
    • US Portfolio
    • Crypto Portfolio
      • Luno Portfolio
      • Binance Portfolio
    • StashAway
    • P2P Lending -CapBay
    • Real Estate Portfolio
    • Dividend Magic’s Yearly Review
    • Dividend Income Updates
      • Dividend Income (Malaysia) Update 2025
      • Dividend Income (Malaysia) Update 2024
      • Dividend Income Update 2023
      • Dividend Income Update 2022
      • Dividend Income Update 2021
      • Dividend Income Update 2020
      • Dividend Income Update 2019
      • Dividend Income Update 2018
      • Dividend Income Update 2017
      • Dividend Income Update 2016
      • Dividend Income Update 2015
      • Dividend Income Update 2014
  • Personal FinanceFI/RE & Savings
    • FI/RE Guide
    • Is the First RM100K the Hardest?
    • How Personal Finance and Frugality Built My Portfolio
    • Passive Income
    • Emergency Fund Guide
    • The 7 Stages of Financial Independence
    • Free Basic Financial Plan for Malaysians
  • About MeAbout page
    • About Me
    • Dividend Magic Recommends
    • Hire Me

Uncategorized

[Sponsored] Bursa Market Place – MLT Platform

By Leigh
Updated December 17, 2019 Filed Under: Uncategorized 0

My MLT Platform Portfolio

View this post on Instagram

A post shared by Dividend Magic (@dividendmagic)

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.

My Review

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:

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on LinkedIn (Opens in new window) LinkedIn

Where to park your money in Malaysia? Maybank GIA-i

By Leigh
Updated May 27, 2017 Filed Under: Uncategorized, Investment 68

Attention: Maybank GIA-i has been REVISED

A revision on Maybank’s GIA-i will be done on 16 June 2017 and again on 1 August 2017. Read more about it hERE.

I am no longer recommending this as a place to park your excess cash anymore.

Maybank GIA-i

Many have been asking me about investing but today, I’d like to talk about where I park my cash reserves while I’m waiting. I’ve tried savings accounts, fixed deposits, and most cash management funds. Out of all of them, I’m currently really content with Maybank’s “General Investment Account-i”. Also known as Maybank GIA-i. It is a Shariah-compliant investment account based on the contract of Mudarabah (profit sharing).

A reader and member of Lowyat brought Maybank GIA-i to my attention back in 2016. I had been naively using Maybank’s M2U savers prior to this to park my excess cash reserves.

When it comes to investing, my cash reserves will need to be liquid and preferably provide me with good interest. A conventional fixed deposit (“FD”) will not do because the minimum term required is 1 month and if I uplift it within a month, I lose all my interest there. Hence, a savings account. Traditionally, savings accounts in Malaysia give you about 1-2% interests p.a. and 1-month FDs give about 2.8 – 3% p.a.

Guess what Maybank’s GIA-i’s interests are? They’re currently at 3.45% p.a. right now!

The Terms

So, what are the terms for placing your cash in Maybank GIA-i?

  1. Malaysian;
  2. Minimum investment of RM5,000 (1 month placement) and RM1,000 (2 months and above);
  3. Available from 6am to 10pm every day; and
  4. Upliftment cannot be done on the same day as placement. You’ll have to wait for ONE day. (thanks Alvin)

Tip: It doesn’t matter if you do not have RM5K available. Because even for the 2 month term, you can still uplift the next day and you’ll get your 3.45% p.a. So don’t sweat it!

Updates:

From Liew: If the Maybank GIA-i option does not appear in the dropdown list, it means you have to go to your Maybank branch and open a new Islamic Fixed Deposit account and make an over-the-counter placement for the 1st GIA deposit. After that, GIA should appear as an option when you make a new GIA placement through M2U.

More info here.

The Pros

  1. Profit is calculated daily.
  2. Flat and transparent rate on your balance.
  3. Higher return compared to saving accounts and your conventional FDs
  4. High liquidity. Even if you uplift it prematurely, you will be entitled to your returns based on the number of days you’ve placed your GIA-i. This is where the GIA-i beats FDs hands down for an investor like me. The higher interest helps as well.

The Risks

You’ve always heard the saying The higher the risk, the bigger the reward. The same applies here, with a higher return than your savings account and average FD, what are the risks you’re subjected to? The only risk you have to bear here is that Maybank GIA-i is not covered under PIDM.

It’s pretty simple and straight forward. Next, I’ll show you the steps on how to make your placement. All of it is done online so you’ll need to register for and log into your Maybank2u account.

Step 1

Maybank eGIA-i

After logging in, click on Accounts & Banking. Thereafter, to the left of your screen, you’ll see Fixed Deposits & Mudarabah IA. Next, you click on “Make a placement.

Step 2

Maybank e-GIA

Next, you’ll see the page above. Select General Investment Account-i (GIA-i) from the drop down menu.

Step 3

Maybank e-GIA

You’ll then be brought to the next page. Read the fine print and fill up all the options. It’s pretty standard so don’t worry about it.

Step 4

Maybank GIA-i

Maybank will create a new account automatically for you. All you have to do next is Select term. Unless they have promotions or if you have less than RM5,000, the term doesn’t matter. You’ll be credited with the same amount of interest anyway so I always go for the shortest one.

Step 5

Maybank e-GIA

Finally, you select which account you want the cash to come from and then how much you want to put in.

The rest are pretty self-explanatory. If you’re in doubt, you can just follow what I’ve selected as per the picture above.

End.

I’ve tried my best to make this as simple as possible for everyone to understand. I’m vouching for Maybank GIA-i because I’m using it myself and it has proven really useful. Please consider this instead of the conventional FDs and don’t be too worried about the lack of protection by PIDM with this.

I know the Freedom Fund looks exciting with its big numbers and all, but the defense and backend side of investing is equally important as well. The higher interest Maybank GIA-i provides me for parking my cash reserves there helps to keep my returns up and provides me with the liquidity I require as well.

You’ll probably need to get a little legwork in and set up a system for yourself. Once that’s done, you can then focus on your portfolio.

I’m sure many of you are currently using Maybank GIA-i already. If you guys and girls have any other places to recommend we park our money, please leave a comment!

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on LinkedIn (Opens in new window) LinkedIn

FREE Google Drive Storage

By Leigh
Updated March 7, 2016 Filed Under: Uncategorized, Free Stuff 0

2GB Free Google Drive Storage

I stumbled across this today and feel I should share and keep everyone informed of this: FREE Google Drive storage!

Free Google Drive Storage

Photo source: techno.news

Google is giving away 2GB of their Drive space today. If you’re not using Google Drive, I suggest you give it a try, I’ve been a loyal and avid user since my university days. Its usage is similar to Dropbox.

In what has become an annual tradition, Google is again offering free Google Drive storage space to users who go through a brief account security checkup. I took less than 5 minutes to complete the check up. Once you’re done you’ll be rewarded with 2GB of PERMANENT Drive space.

Even without the free 2GB of Drive space, it is worthwhile to keep your account safe and secure. Google ran a similar promotion last year, but you’ll still get 2GB of space even if you claimed it last time.

Often times these type of promotions expire after a year, so it’s nice to see Google not place any limits on the bonus storage. The free offer coincides with Safer Internet Day 2016, which is meant to promote safe and secure usage of technology and smartphones. To claim your free 2GB of Google Drive space just visit Google’s account security checkup and step through the various checks.

Share this:

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on LinkedIn (Opens in new window) LinkedIn

Primary Sidebar

Newsletter

  • Advertise & Hire Me
  • Disclosure & Privacy Policy
  • Disclaimer

Copyright © 2025 Dividend Magic

 

Loading Comments...