Table of Contents
Why Dividend Magic Recommends? I’ve never once when asked the question ”What should I invest in?” told anyone to invest in a specific stock or a security. Instead, I provide you with the stuff I use, the tools and the means to do that through my own trials and experiences. For example, if you’re looking to venture into stock investing, I give you a comparison of Malaysia’s brokers.
If like me, you want to head to and invest in the US, I give you a comparison of that too. Of course, there may be other better options out there but these are what I’ve personally tried and used.
Whatever you choose, onwards and upwards!
You are done with the Investing Series, check out article 001 of the FI/RE and Savings Series – Is the First RM100K the Hardest?
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Dividend Magic Recommends: Investment Platforms
1. MooMoo Malaysia
Link to register: hERE
Code: DM77
MooMoo Malaysia is finally licensed by our own Securities Commission and is finally available for trading here in Malaysia.
You’re able to complete your registration 100% online, and hassle-free.
Key Benefits:
- Interest earning cash account – interest >3%
- Low fees – one of the lowest!
- Licensed and regulated by the Securities Commission of Malaysia
- User friendly interface
- Nominee account – free corporate action. ie. no fees charged for Dividend Reinvestment Plans
- Loads of free gifts for new and existing users, for latest promos, check out my page on MooMoo hERE.
How I Use This:
Like Rakuten Trade, MooMoo MY offers Nominee Accounts instead of the traditional Direct CDS accounts.
Other brokerages generally charge a fee for corporate actions such as signing up for Dividend Reinvestment Plans but I’ve gotten confirmation from MooMoo that they will continue to provide the services free of charge.
MooMoo is also constantly having promos and giveaways. I’ve gotten tons of free shares, points, figurines etc from them. Read my full review on MooMoo Malaysia hERE.
2. Rakuten
Link to register: hERE
Code: DIVMAGIC
Rakuten is the first brokerage in Malaysia that offers points for stock trading. You can redeem you RT points for AirAsia flight tickets, a Starbucks drink or fuel from Shell.
How I Use This:
Rakuten Trade offers Nominee Accounts instead of the traditional Direct CDS accounts.
Other brokerages generally charge a fee for corporate actions such as signing up for Dividend Reinvestment Plans but I’ve gotten confirmation from Rakuten that they will continue to provide the services free of charge.
On top of that, you get points for every trade you make.
Read more on Rakuten Trade hERE.
3. eToro
Link to register: hERE
My US Portfolio has been generating pretty good returns ever since I started investing in 2020.
I switched from using Hong Leong as a broker to eToro. I went from getting zero dividends due to fees and taxes to paying zero fees on eToro. My eToro review can be found hERE.
4. Luno
Link to register: hERE
Code: HFCCY
Sign up to get RM75 worth of Bitcoin when you buy RM250 or more. That’s an instant 30% return on your investment. Working together with Luno Malaysia to get the highest promo code right here.
Read my full review more on Luno hERE.
5. Stashaway
Link: hERE
Sign up with me and get a deduction on 50% fees for the first RM100,000 invested for 6 months.
More on Stashaway can be found in my article hERE.
6. CapBay Malaysia
Code: DIVMAGIC
If you’re signing up and registering with CapBay, don’t forget to use my code and link for a free RM100. To qualify, you’ll have to make the RM10K deposit and select one of the Auto Invest profiles (Conservative, Moderate and Aggressive). The full terms and conditions can be found here.
Read my full review on CapBay hERE.
Dividend Magic Recommends: Travel Platforms and Credit Cards
1. Trip.com
Link to register: hERE
Using the above link, you’ll receive RM20 worth of exclusive promo codes for hotels and flights.
2. Best Credit Cards – AMEX
I’ve recently come up with a comprehensive credit card strategy that’s easy to emulate. You can find it here.
Dividend Magic Recommends: Books
Booklist as recommended by me and some of our readers.
“The more that you read, the more things you will know. The more that you learn, the more places you’ll go.” – Dr. Seuss
These are all books that I’ve read and found extremely useful and motivating in my path to Financial Independence.
I’ve posted the links as e-book and Kindle versions. If you’ve not got a kindle, I highly suggest getting one because getting your reading materials there is way cheaper compared to conventional books.
If you have any other suggestions do leave a comment here. Your contributions are highly appreciated.
Frugality and Philosophy
- The Millionaire Next Door
- The Millionaire Mind
- The Richest Man in Babylon
- Your Money or Your Life
- Work Less, Live More
Investing
- A Random Walk Down Wallstreet
- The Four Pillars of Investing
- The Intelligent Investor
- Security Analysis
- Value Averaging: The Safest and Easy Strategy for Higher Investment Returns
- Master the Game by Tony Robbins
- The Smartest Investment Book You’ll Ever Read
- Snowball
- The Making of an American Capitalist
- Berkshire Hathaway Annual Letters
- More Money Than God
- Liar’s Poker
- Flash Boys
- You Can Be a Stock Market Genius
Others
- The Virgin Way
- Think and Grow Rich
- How to Win Friends & Influence People
- Rich Dad Poor Dad
- Rich Dad’s Guide to Investing
- The 7 Habits of Highly Effective People
- Good to Great
- The Alchemist
- Early Retirement Extreme
End.
You are done with the Investing Series, check out article 001 of the FI/RE and Savings Series – Is the First RM100K the Hardest?