After signing the documents on Monday (7 Oct), PM Anwar expressed optimism for next year’s budget, noting that it will strengthen the local economy and equalize income distribution. While the details have yet to be announced, Budget 2025 will set the tone for Malaysia and the rakyat for the rest of the year. In 2024, our country has made significant progress by promoting foreign investment, posting strong GDP and trade numbers, and receiving an upgrade in rating from JP Morgan. Still, there...

On Friday (27 Sept), the Ringgit hit its highest point since June 2021. At RM4.1220 versus the US dollar, it has gained 12.19% since the start of the year and has blown past the year-end target of analysts, with the most optimistic forecast at RM4.20. The average predictions were at RM4.40-RM4.50. Because of this, MIDF has revised their year-end target and expects the ringgit to hit RM4.03 by December. In this episode, financial experts Hann and Sani talk about the ringgit’s unstoppable...

At RM4.3180, the ringgit is now at its highest level since February 2023. Meanwhile, the FBMKLCI is at a four-year high. Stocks like Maybank, Tenaga, and CIMB have rallied 20-40% in the past 8 months. In this episode, Mr. Sani Hamid, a veteran economist and certified financial planner, addresses these topics and your burning questions! ---------- Timestamps (00:00:18) What’s happening to the ringgit? Why is it up so much, so quickly? (00:07:52) The Malaysian market at a four year high –...

From 2009 to 2023, property prices have more than doubled. According to numbers from The Edge, an average apartment now costs about RM582,000. With fresh grads earning RM3,000 per month, it will take them 8 years to save up for a downpayment for a house. And that’s before other costs. This is why the younger generation can no longer afford a home. Resources: i) Average apartment prices are now RM582,887: https://theedgemalaysia.com/node/709887 ii) Golden rules before buying a property:...

The ringgit’s performance in the past two weeks is unreal. It has gained 3.50% in 8 days, from RM4.6588 to a 12-month high of RM4.4320, before settling at RM4.4635 against the US dollar. This massive movement has not been seen since November 2022, when the local note strengthened from RM4.7380 to RM4.50. In this session, financial experts Hann and Sani are back to talk about the ringgit's movements, what it means for you, and most importantly, will it hit RM4.00 before 2024...

The FBMKLCI has gained 11.97% since the start of the year. The S&P is up 18.33% Gold is up 16.80%. Bitcoin rallied 46.07% (only 16% away from its all-time high of $73,800). It’s obvious that markets have performed exceptionally well so far. If you’re afraid to invest right now, you’re not alone. In this session, financial experts Hann and Sani discuss whether it’s too late to invest in the current market and the impacts of the recent assassination attempt on Donald...

In this session, we dive into the mind of Peter Yong, the founder of MrMoneyTV, to understand his personal motivations and strategies in managing money more effectively. Topics include: How can I grow my first RM1,000?Are ASB and ASM still good investments?I want save more. But how?What's the most sustainable way to increase income?Is it too late to buy crypto?Thoughts on Digital banks (GXBank, Rize, AEON Bank)? Watch this episode on YouTube: https://youtu.be/QwwaEtLLlPc This session was...

On May 21, PM Anwar announced the cabinet’s decision to implement the subsidy rationalization for fuel. It will start with diesel first and apply to users in Peninsular Malaysia. The Prime Minister stressed that this move is targeted at foreigners and the rich, and will save the government RM4 billion annually. This means that diesel will be floated in the market really soon, which will see prices increase by 55%, from RM2.15/litre to RM3.33/litre. Along with financial experts Hann Liew and...

On 25 April, EPF officially announced Account 3, which is a new Account that will receive 10% of your monthly contributions. This account will allow members to withdraw the balance any time, and EPF said this was to replace targeted withdrawals. Old structure: 70% Account 1 (cannot be withdrawn until 55).30% Account 2 (can be withdrawn early to pay for education, housing loan, and healthcare). New structure: 75% Account 1.15% Account 2.10% Account 3 (can be withdrawn any time). Along with...

Gold, ASB/ASM, stocks, FDs – what do these have in common? They are all part of a diversified portfolio to help you maximize your returns. But how do you determine what percentage to allocate in each asset?Where else can you invest?Most importantly, when should you take profits?In this session, ex-investment banker Hann Liew and economist Sani Hamid discuss how to build a portfolio that maximizes your returns, gold’s remarkable rally, and more. -------------- Timestamps: (00:01:36) Why is...

It seems like every other day, the Singapore dollar is making a new all-time high. Since the start of the year, the SGDMYR pair has rallied by 2.45% to RM3.5745. In the recent two years, the Sing dollar improved 15.46%, representing an annual return of 7.45%. This return is higher than EPF and 87% of unit trusts in Malaysia. In this episode, we invite Sani Hamid, an economist and certified financial planner with over 30 years in the markets, to discuss the declining ringgit and why the...

We’re back with Certified Financial Planners Hann and Sani. This session, as the title suggests, mainly focuses on investing in 2024. The speakers shared what sort of strategies we as investors could employ to maximize profits and insights on how next year will be for the markets. We also talked about a more pressing matter: the new 10% sales tax, which will be imposed on Low-Value Goods below RM500 starting January 1, 2024. Will the new 10% sales tax make local goods more competitive?How...

In this episode, Certified Financial Planners Hann and Sani share insights on Bitcoin's impressive 125% gain on a year-to-date basis and crypto as an investment class. The second half of the session covers EPF's projected payout for 2023, which experts estimate should range between 5.4-5.7%. What makes Bitcoin unique compared to traditional asset classes?Why is Bitcoin up 125% since January? What makes the asset so volatile?How can we position ourselves in a volatile asset to maximize returns...

In this episode, financial experts Hann and Sani break down Budget 2024 and its potential impacts (both positive and negative) to the rakyat. We also discuss the ringgit’s road to RM5.00 and assets to consider with geopolitical tensions on the rise. Budget 2024 represents Anwar’s promise to aid lower-income groups, but does it stay true to its proposal?How did the local market and the ringgit react to Budget 2024?Will the removal of price ceilings on chicken and eggs trigger a surge in...

How much should we save for retirement? What is the recommended amount?What is the current state of the global & local market?How can I save more?Are long commute times to the office good or bad?Should I switch jobs to work in a bigger company?Recently, we started to accept anonymous questions from you guys through NGL.The response we received was overwhelming, and we are doing our best to keep up with all the questions. We have answered quite a few of them, but they are scattered between...

In this episode, we’re back with financial experts Hann Liew and Sani Hamid. Our discussion centered upon the recent wage report released by the Department of Statistics, which highlights the alarming wealth gap between the rich and the poor. We also addressed the question of whether Malaysians are underpaid, and the possible solutions that can be implemented in order to resolve this crisis. Finally, we talked about investing in general – what details that newbies should look out for and how...

How does the ringgit’s decline affect citizens, apart from seeing import prices go up?What are the reasons for the ringgit's decline? Why has it experienced such a significant drop not only against the US dollar but also against other major currencies?Many people are attributing the ringgit’s weakness to the lack of action from Bank Negara Malaysia. What measures could BNM undertake in this situation?Raising the OPR by a fair margin in order to “catch up” with other central banks and...

In our latest episode, we had the privilege of hosting esteemed guests Hann Liew, the founder of RinggitPlus, and Economist Sani Hamid.Our discussion spanned across various significant subjects, encompassing the dire state of EPF savings and potential strategies to enhance the retirement funds of Malaysians. We also delved into the recent OPR hike by BNM, as well as expert opinions on ASB and ASM. Should the retirement age be raised to increase the alarmingly low EPF savings of...

What do banks actually do with your money? Do they store it safely or use it for other purposes such as lending out or investing?How and why did Silicon Valley Bank, the 16th largest bank in the US, collapse in just two days?Should Malaysians be concerned about this contagion?What are the essential facts we should know about the PIDM insurance for member banks?There are widespread rumors of the US dollar hyperinflating - is this a plausible scenario?Is it possible for Bitcoin to reach $1...

In this episode, we are joined by Hann Liew, the founder of RinggitPlus, and Economist Sani Hamid. Hann is a personal finance expert with over a decade of experience in the financial industry. Qualified as a licensed financial planner, he has helped over a thousand Malaysians on their path towards financial literacy. Our other speaker, Mr. Sani Hamid, is a renowned economist and strategist with over 30 years of experience in the financial sector. He is a frequent commentator in the media and...

What’s the first, most important lesson about money that one must know about?Is setting financial goals important? How do we set goals that are realistic and achievable?How can I save money in the current era of inflation?What are the best investment options for a beginner? Let’s say I am a student with an allowance of RM500 per month.What are the most common financial mistakes that people make, and how can we avoid them?~~~~~~~~~~~~ Join our journey towards financial literacy and be a wiser...

IN THIS EPISODE, YOU’LL LEARN: • Who is Ab0ogee - An anonymous crypto whale who has helped the web3 community in Malaysia by sponsoring creators and NFT events. • How do we keep our crypto safe? Is a cold wallet really necessary? • What happened to the crypto market? How did we get here? • Ab0ogee's personal thoughts on surviving a bear market. • The long-term investor's sentiment - what is it? ~~~~~~~~~~~~ Join our journey towards financial literacy and be a wiser investor today for as...

Was it surprising for Anwar to be elected?Now that we have a new prime minister, what’s next?The Bursa market rallied after Anwar’s appointment – where is the next resistance?Will the Malaysian ringgit continue to strengthen?Why has the US dollar weakened?Can Malaysia avoid a recession in 2023?~~~~~~~~~~~~ Join our journey towards financial literacy and be a wiser investor today: https://www.patreon.com/TheFuturizts Find us at: https://linktr.ee/thefuturizts ~~~~~~~~~~~~ Useful links: i)...

The FTX debacle – how the second largest crypto exchange in the world collapsed in 3 daysWhat can we learn from CEOs and billionaires? Should we trust them completely?How do we as investors avoid a crisis like this?Is the contagion over? Has Bitcoin bottomed?Where is the safest place to store your crypto? Is storing it in a cold wallet really safe?~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Join our journey towards financial literacy and be a wiser investor...