For MMF, if u use credit card as buffer, then u can count it as liquid enough as long as the money come in within 1 week
@MillennialFinanceMalaysia
4 ай бұрын
Good point, that’s the benefit of credit cards haha. Just gotta take note of amount and credit limit
@sepilokfui
4 ай бұрын
For non bumi, EPF got better rate than ASB and yes, you do can contribute back if you are self employed.
@MillennialFinanceMalaysia
4 ай бұрын
Problem is you can withdraw it, doesn’t pass the liquidity test. Ok as an investment, not for savings
@sepilokfui
4 ай бұрын
For ASB, withdrawal is as easy as going to Maybank counter 🤣
@MillennialFinanceMalaysia
4 ай бұрын
I know haha, I’d just rather not 😂
@akmalazmi8530
4 ай бұрын
Is GX Bank shariah compliant?
@merangboy
4 ай бұрын
No
@SaadonAksah
4 ай бұрын
U can use mbsb, versa, touch n go, and hsbc amanah if you want to be shariah compliant..and rize too i think
@MillennialFinanceMalaysia
4 ай бұрын
Unfortunately not, but rize and the new aeon bank is
@justinchoo9468
4 ай бұрын
How liquid should my emergency fund be? Like what’s the minimum recommended time to withdraw ?
@MillennialFinanceMalaysia
4 ай бұрын
For me I have about 3 months worth of my spending extremely liquid, as in I can get it instantly. The rest of it I would say 2-3 days max
@keoneeweyummy9610
4 ай бұрын
Can you also help to explain money market fund fee? I understand if the platform charge 0.4% management fee then it’s not as high as you mentioned here. Another counter is the withdrawal fee, I saw before that TnG invest will charge withdrawal fee.
@MillennialFinanceMalaysia
4 ай бұрын
That’s right, but if I’m not wrong most of them show the returns post fees now. Withdrawal fee wise I’m not sure, all of the ones I use doesn’t have a fee
@SaadonAksah
4 ай бұрын
Thanks for sharing your insight 👍
@cooldreamers2
4 ай бұрын
Can compare it to those digital banks like gxbank, aeonbank and boost bank?
@MillennialFinanceMalaysia
4 ай бұрын
Compare what? I use GXBank right now, need to wait a bit for the other 2 😅
@yishienlim2695
3 ай бұрын
👍👍
@168val
3 ай бұрын
I'm more to the MMF, beside the 4 platforms ( use all of them), any other platform ??
@MillennialFinanceMalaysia
3 ай бұрын
Not that I know of. You can buy money market funds directly I guess haha
@168val
3 ай бұрын
@@MillennialFinanceMalaysia appreciate it, anyway...perhaps you can review PMO plus (Public Mutual Online) in future? Tq
@MillennialFinanceMalaysia
3 ай бұрын
Will consider it!
@griaffell
3 ай бұрын
GX bank owner is Singtel & is joint ventured with Isra*l, please boycott
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