If/Then Mindset: How this Hugely Overlooked Mental Skill will Transform Your Investing Performance

Have you ever been in a situation, where you were looking at a stock that you think you should buy, yet did not pull the trigger and ended up regretting your inaction?

How about the times when you think you should get out of an investment, yet too clouded by emotions to do so and ended up taking a huge loss?

When I first started in the market, I faced the similar problem over and over again. Not only it was frustrating, the huge emotional swings involved were also extremely tiring.

As times went by, I have learned an important, yet hugely overlooked mental skill by many that have since helped me improve my investing and trading performance alike.

What is the If/Then Mindset?

If/Then mindset is a simple, yet critical mental skill that is hugely overlooked by new investors and traders in the market.

In essence, the If/Then mindset is a mental simulation of the possible outcomes given a particular set of scenarios, and the actions that you will take should any of these outcomes happen:

“If A happens, I will do X. If B happens, I will do Y.”

Okay, So How Will the If/Then Mindset Improve My Investing Performance?

Let’s look at a simple ranging chart pattern, and how the If/Then mindset could help improve your performance:

What we are looking above is a stock price in a ranging (or zig-zag) pattern. For an inexperienced investor or trader, it is easy to conclude that there is no trend going on with this particular stock and hence no ‘excitement’ in the price.

This chart would be super boring to untrained minds.

However, using the If/Then mindset, one could easily simulate the potential price movements of the stock (scenarios A, B, C). With that, various interesting opportunities could be identified prior to any price movement at all.

Different possibilities can be simulated with If/Then mindset.

As an example, if scenario A happens, then one could buy at the pullback upon a small retracement. However, should scenario B happen, then one could look to buy at the support level. That said, if scenario C plays out, then one could look to sell upon a mini retracement.

Investors can plan ahead and respond to price movement accordingly with If/Then mindset.

Benefits of If/Then mindset

Believe it or not, there are many benefits if you are able to build up your If/Then mental skill:

(1) Early Anticipation of Price Movement

Training your If/Then mental skill will help you to anticipate price movement effectively.

We can never predict with absolute certainty where the price of a stock will move. However, we can use the If/Then mindset to anticipate the different possibilities of price movement, and devise our actions should any of the scenarios play out.


(2) Reduce Mental Stress & Emotions in Decision-Making

By simulating the possible outcomes prior to price movement, an investor could plan ahead of what could be done should different scenarios play out.

This might look like a simple thing, yet it is extremely helpful in reducing any form of emotional bias (eg. Fear of losing, Ego) and mental stress in comparison to the times when you have to make an immediate investment decision on your feet.


(3) Improve Consistency in Investing Performance

As you make progress in developing your If/Then mental skill, you can expect consistency in your performance.

Reason being, a strong If/Then mental skill will provide you with a consistent execution process (eg. If A happens, then I will do X) by filtering out a lot of unnecessary biases involved.

We can never predict with 100% certainty what will happen, but we can always anticipate the possible outcomes and respond accordingly.

How to Apply If/Then Mindset in Investing & Trading

By now, it should be obvious that If/Then mindset is a mental skill that is applied prior to making any investment decisions.

As such, most application of the If/Then mindset should be done during the preparation phase of your investing workflow:

If you are a fundamental investor (read: Value Investing), your If/Then mindset could be “I will only invest in a company IF it has a consistent profit growth over a 5-year period”.

If you are a technical trader, your If/Then mindset could be applied in a way IF price movement A happens, THEN I will do X”.

In short, practice and apply the If/Then mindset BEFORE you have to make any investment or trading decision live.


"If A, then X. If B, then Y. If C, then Z."

No Money Lah’s Verdict:

If/Then mindset is a mental skill that is crucial for an investor or trader’s development to perform better and more consistent in the market.

That said, many tend to undermine the practice of this skill as it seems to be simple. However, ask yourself: How many times have you ever go through the If/Then thought process before making an investment decision?

If any, the If/Then mindset does not require one to be right at predicting the direction of a price. Rather, it trains a person’s mind to anticipate and be open to different possibilities of outcome and respond accordingly.

Personally, I think this is an important skill to develop, and one that I strive to improve on a daily basis.

I certainly hope you do, too.

Read my articles on REIT Investing HERE.

Every now and then, I organize sharing sessions to share insights on how I invest in the market. Book your slot for my upcoming session HERE!


Why Are You Still Suck with Investing after Paying Thousands for Courses?

Have you ever attended any of those investing or trading courses out there, and yet not getting the returns you expected?

Even worse, you paid thousands, and sometimes millions for those damn courses!

Hey wait, if this is not hurtful already, those experts even promised you a ‘consistent’ return if you learn their strategies!

If that’s the case, why are you – in spite of the hope and promises (not to mention an initial burn to your pocket) – still not making any money out of what you’ve learned?

Yup, You Are not Alone

I was there.

Sometime before graduating from university, I enrolled in my first ever 3-days investing course (in thousands). Just like many paying for these courses, I thought I will be able to make damn a lot of money (read: immediately) with my initial investment into my investing education.

You bet I was wrong. Super, duper wrong.

Instead of starting to make money from the stock market, I lost money instead. What the hell?

Can you relate?

Then, after losing money with the strategies that we paid thousands to learn, we embark on the journey to look for another course that could promise us a strategy that could provide us consistent and high returns.

Sounds familiar?

The irony is, for most of us, the cycle will continue to roll, and yet we will never find the one holy grail strategy that will make us huge and consistent returns.

Seriously, why is it so? Why do we pay that bloody money and yet not getting the returns we are promised?

‘Experts’ Overpromising Is Real

If you resonate with what I’ve written so far, I bet you will find what I am going share next even more relatable:

Firstly, there will be testimonies of students making X% within 3 months after attending the course. This gives people hope (the most important element in marketing courses).

Then, there will be a pitch to for you eventually quit your job through your returns from the market. This touches the soft spot of most people nowadays.

Wait, there’s more.

How about for everything above, you only need to ‘spend 5 minutes in front of the chart every week/month’? Or ‘get a sure-win stock-pick with a click of a button’ with their trademarked proprietary investing system (or some premium strategy with macam yes bombastic name)?

“Holy sh*t, this looks like something that I could sign up to I fire my boss sometime soon!”

Sounds like something that has slipped through your mind before? Well, it certainly did for me.

Marketers Tell Stories their Customers Want to Listen

Give what you’ll be reading up next a thought:

A weight management company will NEVER market their product as something that’ll produce results slow.

A hair-loss control company will NEVER market their services as something that’ll take a long time to see any effect.

However, we all know that both weight management and hair growth doesn’t happen overnight! In fact, it takes a grueling commitment and dedication to really get the results that you want (depending on your condition too, of course).

In short, a lot of marketing materials are likely not a reflection of the real deal. Rather, those are stories that leverage consumers’ emotions and desires in order to convert them.

It could be a ‘true story’ though. But it is likely not the WHOLE story.

Now, think about how an investment ‘expert’ that is real good in marketing would market his/her expensive courses:

Would you rather sign up for a course that claims that their students make 30% return consistently?

Or would you rather sign up for a course that claims that their students make 30% return consistently, BUT you will need to put a lot of practice and time into the system?


"Earn quick and guaranteed profit by using our system and strategy!"

‘Experts’ Marketing Stories is NOT the most important reason WHY you still lose money in investing/trading

Humans are naturally born to the desire for instant gratification.

If any, I am willing to bet that 95% of the people sign up for investment/trading courses as a means to learn how to earn money – fast.

And again, I was there as well. The idea of seeing the ‘experts’ flashing their Ferraris, luxury houses and cash is simply too irresistible in a time where most people hate or dislike their jobs.

As a result, people are more inclined to succumb to too-good-to-be-true money games and overpromising marketing ads for investment courses.

The idea of earning money easy and fast from the market touches all our desire for an easy way out.

You may not like what you have been reading so far, but you know there is certain truth to these words.


Humans, are unfortunately born with the tendency for instant gratification - especially when it comes to quick bucks.

Investing & Trading is a Skill That Needs to be Built Over Time and Practices

Now, think about one of your biggest achievement in life thus far.

It could be your piano grades, your career in consulting or a sports achievement. Did you achieve them by just spending ‘5 minutes’ honing your skills everyday?

Hell no!

The skills that you have today, is a result of the time and effort that you put into building that particular skill. It is the practices that you’ve poured whole-heartedly into your work that led to your mastery in that particular skill.

Becoming good in piano is a skill. Mastering the art of consulting is a skill. Becoming a pro in football is a skill.

If that’s the case, what makes investing and trading any different?


Investing & trading are both skills that need to be developed over time and effort.

There is no Holy Grail in Investing & Trading

It took me a long time, but it eventually hits on me that there is no shortcut to investing and trading mastery.

They are skills that need time, discipline and practices to develop. They require passion so that you can persevere through the steep learning curves and losing streaks.

More importantly, no one strategies taught by courses out there will bring you results unless you are patient enough to allow for your skills to catch up to what you want to achieve.

If you haven’t got it by now, there is no holy grail to quick wealth in investing or trading.


Can you become a world-class footballer by practicing 5 minutes everyday? Now relate this back to investing & trading.

The Takeaways

There are many factors that led to us not making any money from the market, even after signing up for expensive investing or trading courses.

If there is one key problem, though, then I would say that it is unfortunate that most of us that signed up for investing or trading courses started off with a wrong mindset.

We wanted to profit from the market quickly, and we thought it was easy. Then, course marketers make it seems like it is really that easy with stories we want to listen to.

But here’s the thing:

Investing and trading are skills that need to be developed over time, practices, consistency, and discipline.

Until we can accept this fact, chances are we will still see people jumping over courses and strategies, in hope to look for the quickest way to well, lose their fortune.

Disclaimer: The article above is not by any means a suggestion to sign up (or to not sign up) for any investment courses out there. It is just a personal opinion on the stated topic and does not reflect any interest in any particular party.

Fundamental vs Technical Analysis (& How To Use BOTH of Them to Invest)

Disclaimer: I do not claim to be an expert in any of the methodologies mentioned in this article. This article is just my general opinion on FA and TA, and should not be treated as Buy/Sell call by any means.

One of the most interesting discussion, when I get to meet stock investors, is definitely one’s application of Fundamental Analysis (FA) or Technical Analysis (TA) in investing – and which is better.

While there is no right or wrong answer to this discussion (of which, sometimes turn into a debate), I thought that maybe I can share my 2 cents on this matter in this article:

First Thing First: What is Fundamental Analysis (FA), and What is Technical Analysis?

FA and TA are essentially 2 different schools of thoughts when it comes to investing. Simply put, they are two different approaches towards achieving the same financial goal in investing – to profit from our investments.

  • Fundamental Analysis (FA)

FA is an approach used by investors to identify the underlying intrinsic value (a.k.a. the real worth) of a company or stock via studies on industry and company’s data & financial statements, economic cycle and seasonality and more.

Ideally, investors that use FA aim to invest in a company while its shares are being sold at a price lower than its intrinsic value. As such, investors will then profit from the dividend returns and when the price of the shares increases down the line - a.k.a. Value Investing.


Fundamental Analysis (FA) - the use of economic and financial data to study a company inside out.


  • Technical Analysis (TA)

TA, on the other hand, is another approach towards investing via the analysis of price charts. Through price charts, investors are able to identify important details such as the price trend and the momentum of a company's price.

From that, investors will be able to gauge their ideal entry and exit price.


Technical Analysis (TA) - the use of price charts to study trends and momentum.

So…Which Approach is Better?

Simply google for this topic and you will get a lot of heated debate between pure FA and TA investors criticizing the approach by the other party – and for good reasons.

  • The Problem with FA

For one, while FA takes into account of various data from financial statements, economic outlook and cycles and, heck, even project future growth with projection models, it CANNOT run away from making underlying assumptions (eg. Assuming X% growth annually, Assuming company X gets this government contract…).

Meaning, assumptions made MAY or MAY NOT come true – hence affecting the outcome of a particular investment decision.

In addition, buying into undervalued stocks with high intrinsic value DO NOT mean that your investment will increase in value the next day (psst..it may take years).

Reason being, the market (reaction between buyers & sellers) is not rational, and may not reflect the underlying intrinsic value of a stock’s price. As such, for certain investing decisions made purely on FA, it will take a lot of patience for things to work out in one’s favor.


Do you have the patience to wait for your investment decision to reach its potential?
  • The Problem with TA

On the other hand, the use of TA is widely subjective on 2 underlying elements: time horizon and techniques. Let me explain:

The time horizon of an investor when it comes to TA can affect one’s view on the market for a various degree. As an example, a long-term investor (5 – 10 years) may look into the below chart and have a bullish (a.k.a. positive) view on a particular stock, yet a shorter-term investor may have a bearish (a.k.a. negative) view on the stock.



Another thing when it comes to TA is that there are so many different methodologies (Price Action, Turtle, Ichimoku, Elliot Wave, etc.) and indicators (MACD, RSI, Bollinger Band, etc.) out there, it is almost impossible for all TA investors to come into agreement for one particular set of price chart.

Why Do I Use Both FA and TA in Making My Investing Decision?

So far, it is not hard to see both the strengths and weaknesses of each approach when it comes to investing:

FA enables us to study a company inside out via financial data and economic/industry outlook, yet lack the precision needed for investors to enter the market.

On the flip side, TA allows us to look into price charts and time our entry into the market with the help of price action and indicators. However, TA methodologies could be different depending on who’s using them, hence making it very subjective.

But hey, WHY NOT leverage on the strength of both FA and TA to improve our overall investment decision?

As in, WHY NOT leverage on FA to help analyze a stock inside out and obtain its underlying intrinsic value (which TA lacks), and apply TA to assist us in our entry into the market (of which FA is weak in)?

Make (a lot of) sense?


A very common way of identifying if a REIT’s intrinsic value is through comparing a REIT’s market place against its Net Asset Value Per Unit (NAVPU). Generally, a REIT that is sold at a market price less than the NAVPU is considered undervalued.


Note: Market price is RM1.38 as of the time of writing. (Source: i3investor)


Now, considering that due-diligence has been done and given that YTL REIT has a NAVPU of RM1.606 – meaning, rationally, this is where the market should price YTL REIT in an ideal scenario. Yet, on the price chart below, even at an obvious upward trend, market is still pricing YTL REIT (RM1.38) way below its NAVPU of RM1.606.


NAVPU (RM1.606) > Market Price (RM1.38) - Undervalued.


In general, as an investor that purely use FA in his/her investing decision, any price below intrinsic value would be a decent buy. However, one may find it challenging to identify a relatively better entry without the use of TA. (eg. While buying at an all-time high of RM1.38 is still a fundamentally lower price, yet wouldn’t it be better if you are able to enter at, say, RM1.20?)

Now, after using FA to identify undervalued stocks, I’ll normally apply one simple TA method call Moving Averages (MA) cross (refer to picture below). This method would help me identify trend changes on price charts:

Simply put, when the 50-Days MA (Green line) crosses above 150-Days MA (Yellow line) and both MAs are sloping upward, it would signify an uptrend movement and would be an ideal entry point for me.

Therefore, even when YTL REIT is valued below its intrinsic value (RM1.606), with a simple TA method, I can identify a relatively better entry. This is a better gauge for entry for sure, if you were to ask me.


The use of Technical Analysis (TA) provide investors guidance on a relatively better entry and exit.

No Money Lah’s Verdict

So here you go! This week’s article goes a little more in-depth about investing methodologies and approaches, and I genuinely hope that you learn or gain something out of this!

With that in mind, if you find this article useful, do consider SHARING this article out, and be sure to subscribe for more value-adding content from No Money Lah!


5 MUST-KNOW Terminologies Before You Invest in REITs

Real Estate Investment Trusts (REITs) are essentially companies that operate and/or manage real estates. REITs are especially well-received among long-term investors that are looking for a reliable passive income stream.

To invest in REITs is identical to typical stock investment – you buy their shares through your stock broker.

That said, here are 5 terminologies that you HAVE TO know before investing in REITs:

(1) Distribution/Distribution Per Unit (DPU)

Distribution is one of the MOST IMPORTANT elements in REIT investing. Essentially, distribution refers to the total amount of money that a REIT is paying back to its investors at the end of every quarter or Financial Year (FY).

As such, take the total distribution of a REIT and divide by the total number of shares of a REIT, and you will get the Distribution Per Unit – a.k.a. the total amount of distribution you will get as one unitholder of a share in the particular REIT.


DPU details of SunREIT (Source: i3investor)

(2) Dividend Yield

Compared to Distribution/Distribution Per Unit, Dividend Yield is much more familiar to people.

In short, Dividend Yield is derived from Distribution Per Unit (DPU) – by dividing DPU with the price per unit of a REIT.

From the example above, the Dividend Yield of SunREIT for its latest four quarters is:

Dividend Yield of SunREIT

(3) Net Asset Value (NAV)/Net Asset Value Per Unit (NAVPU)

Net Asset Value shows the total worth of the net assets of a REIT.

When divided by the total shares (or units issued) of a REIT, you will get the value of Net Asset Value Per Unit (NAVPU), a.k.a. the total value of the net asset of a REIT per share.

NAVPU is very useful to determine if a REIT is undervalued or overvalued. As an example, if the price of a REIT is less than NAVPU, it shows that a REIT is currently market-priced at a value less than the worth of the net asset of the REIT (undervalued).


YTL REIT market price: RM1.34 vs NAVPU (or NAPS) of RM1.6059. (Source: i3investor)

(4) Gearing

Gearing refers to the leverage of a REIT. Essentially, it refers to how much is the total debt of a REIT in relative to its total asset.

Generally, a REIT is legally required to maintain a Gearing of 50% or less.

Source: YTL REIT 4Q FY2019 Quarterly Report

(5) Occupancy Rate

Occupancy rate is extremely crucial to determine if a REIT is going to earn money. Simply put, the more tenants that occupy a REIT's property, the higher the occupancy rate of the property.

Generally, we should want to look for REITs that have a high occupancy rate for their real estate portfolio:

Mid Valley and The Gardens have more than 95% occupancy rate. (Source: IGB REIT FY2018 Annual Report)

No Money Lah’s Verdict:

So that’s it! Here are 5 terminologies that you MUST KNOW while investing in REITs. While this is a short and simple article, yet if you are new to REITs, I definitely hope that you find this article informative!

If you find this article useful, do share this article out to benefit more people around you! Also, do check out my articles on WHY you should invest in REITs, and the different TYPES of REITs in the market (and why they matter!)

6 Types of REITs and WHY THEY MATTER

Real Estate Investment Trusts (REITs), are essentially companies that own and/or operates income-generating real estates. As an example, Mid Valley and The Gardens are operated by IGB REIT, and from the profit earned (mainly through rental), REITs pay their investors in the form of dividends.

That said, in this article, I want to dive deeper into the types of REITs in the market, and why knowing this is important in your REIT investing decision.

Essentially, there are 6 kinds of REITs that you will find in the listed market (a.k.a. REITs that are purchasable in the Malaysian stock market):


(1) Retail REIT (eg. KIP REIT, IGB REIT – Mid Valley, The Gardens)

Retail REITs, as the name suggest, are REITs that own and operates malls and shop lots.

In other words, Retail REITs’ revenue comes from renting the space of their properties to retail tenants (eg. Nike, G2000, llao llao and more).


If a Retail REIT owns a mall that is located at a prime area, they’ll generally attract crowd which would translate to 3 things: (a) Low tenant turnover, (b) Ability to command higher rental, and (c) Relatively stable revenue stream.


That said, the economic condition would generally impact the revenue growth of Retail REITs. Logically speaking, consumption will drop in a bad economic condition and it will impact Retail REITs’ revenue negatively.

IGB REIT owns and runs Mid Valley and The Gardens.

(2) Office REIT (eg. MQ REIT, UOA REIT)

Office REITs are REITs that mainly own and operates office buildings.

Some of the common tenants of Office REITs are mainly from the financial services sector and MNCs.


Office REITs that have office buildings in prime areas are able to command higher rental, BUT…


Excess supply of office buildings are leading to (a) Less sticky tenants and (b) Price wars among office spaces.

Also, Office REITs will also be impacted negatively by bad economic condition.

UOA REIT owns and runs office buildings.

(3) Hospitality REIT (eg. YTL REIT)

Hospitality REITs are NOT REITs that own and operate hospitals.

Instead, Hospitality REITs are REITs that manage hotels and residential buildings. As an example, YTL REIT owns the JW Marriott hotel (in Malaysia and Australia) and the iconic Majestic Hotel in KL.


Hospitality REITs can benefit from the rise of the tourism sector of the country, as well as currency drop that would lead to our country being a more attractive tourist-friendly country.


Highly impacted by global economic growth. A dull economic scenario would impact the tourism sector badly and in turn, lead to less revenue for the hospitality industry.

Majestic Hotel is owned by YTL REIT

(4) Industrial REIT (eg. Atrium REIT)

Industrial REITs are REITs that own and operate properties like warehouses and factory spaces.


Industrial REITs have little need to spend property maintenance or fancy designs relative to other REITs, which translates to lower operating expenses.


(a) Most heavily affected by economic downturns, as factory operations and inventory storage, would be cut to a minimum during a downturn. (b) Limited rental hike potential due to a similar business model.

Atrium REIT

(5) Healthcare REIT (eg. Al-Aqar REIT – KPJ Hospitals and Specialist Centres)

Healthcare REITs are REITs that own and operate hospitals and healthcare services properties.


No matter the economic condition, Healthcare REITs would, generally, be an excellent defensive hedge as people will need healthcare services no matter the economic condition.


Limited expansion opportunity within its own properties (eg. Long term lease agreement that reduces revenue upside), unless opting for acquisitions of new or existing healthcare properties.

Al-Aqar REIT is the only listed Healthcare REIT in Malaysia

(6) Mixed REIT (eg. SunREIT – Sunway Pyramid, Sunway Tower & Axis REIT)

Mixed REITs are generally, REITs that own and operates real estates of different nature.

As an example, SunREIT has a portfolio of properties ranging from retail malls, offices, hotels, healthcare, and warehouses.


Highly diversified range of properties. More resilient to various market fluctuation and economic conditions.


Exposed to all kind of risks brought by owning a different kind of REITs.

SunREIT has an impressive portfolio of diversified properties.

Which type of REITs should You Invest In?

Based on the type of REITs introduced above, which are the REITs that you should consider investing in?

Generally, while REITs are relatively stable compared to conventional stock investing, REITs do have different risk profiles depending on their nature:

As an example, if you were to invest in Healthcare REITs for their nature of being more stable during various economic conditions, you should (generally) expect a lower yield compared to other REITs as Healthcare REITs have a lower potential for revenue growth.

On the other hand, if you were to invest in Industrial REITs, you should (theoretically) expect a higher yield as a compensation for the relative risks involved while investing in Industrial REITs.

Risk vs Expected Yield among Different REITs


That said, the actual yield of your REIT investments may or may not reflect the ideal scenario given existing market volatility and actual business performance of REITs – but since we are discussing purely on the nature of the respective REITs themselves, I think a necessary conceptual understanding is still value-adding to you.

No Money Lah’s Verdict

So that’s it – the 6 types of REITs that you will find in the market. I hope this article has been informative for you, and if you are new to REITs, give you a more in-depth understanding of REITs.

In short, not all REITs are made the same and different REITs should be studied at with a slightly different lens depending on their nature.

REIT, in my opinion, is definitely a great choice that you can seriously consider should you are looking for a solid passive income and long-term investment to fulfill your financial goals in life

In the coming articles, I will share with you the terminologies that you should know in REIT Investing and an overview of all listed REITs in Malaysia.

Stay tuned!

Introduction: REITs and Why Invest in Them?

As a kid, two of my most visited shopping malls are Mid Valley and Sunway Pyramid. While both are without doubt huge malls, an experience stood out the most while I visited these malls every time as a kid: it was pretty damn hard to look for a parking space!

Wouldn’t it be amazing if you can own part of these crowd-magnet malls, or get a share out of their profit?

Well, in a way, you can!

Today, I would like to talk about Real Estate Investment Trust (REIT), a personal favorite subject of mine.

Can you guess how much is the monthly rental of a little kiosk like this in Mid Valley? (Source: Mid Valley)

(1) What are REITs?

Real Estate Investment Trusts (REITs) are companies that own and/or operate real estate. Publicly listed REITs are traded just like any stocks listed in the stock market, making it very easy to invest in REITs.

Some of the more well-known real estates that are part of Malaysia REITs portfolio include Sunway Pyramid (SunREIT), Mid Valley (IGB REIT), The Gardens (IGB REIT), KPJ Hospitals and Specialist Centers (Al-Aqar REIT), Pavilion (PavREIT), JW Marriott hotel (YTL REIT) and more.

In short, REITs are great investment instrument for those who wish to own or profit from popular and profitable real estates – where others spend and consume on these places, you profit from them.

Source: Sunway City

(2) How do REITs make money?

To recap, REITs are companies that own and/or operate real estate. When it comes to real estate, it is not hard to understand the underlying business model of REITs – a.k.a. How do REITs make money?

Mainly, REITs make money through rental income from the real estates that they own and/or operate.

As an example, IGB REIT’s income is derived from the rental collected from its tenants for both Mid Valley and The Gardens Mall.

(3) Why Invest in REITs? – the Pros of REIT Investment

REITs are especially well-received among people longing for long-term investment for some of the reasons below:

a. High proportion of Income Distribution

In order to be qualified as a REIT, companies are required to pay out at least 90% of its net income as dividend to their investors.

Which lead me to my second point…

b. Attractive Dividend Yield – making it a great passive income stream

Due to the dividend payout nature of REITs, dividend yield from REITs is generally better than typical stocks dividend in the market.

In general, Malaysian REITs yield a decent 5% – 7% dividend on a yearly basis. Aside from that, should investors time their entry point properly, they are also able to enjoy growth from capital appreciation as well. (eg. Buy at RM1.00/unit. A price rise to RM1.20 will make up to 20% capital growth for investors)

Yield Performance of REITs vs other instruments.
Sources: Respective instruments' official page, CEIC Data

c. Relatively less risky than typical stock investments

REIT investment is also relatively less risky compared to typical stock investments due to most REIT’s business model that lock in tenants for at least 1 – 3 years, ensuring a relatively stable income stream for REITs.

REITs volatility in comparison to the market. (Source: Investing.com)

(4) Cons & Risks of Investing in REITs

a. Less capital growth opportunity

Due to its nature of being more stable in relative to typical stock investments, REITs growth in revenue and profit is often predictable, making it less exciting for short-term speculators and traders to speculate the REIT sector.

In other words, REITs growth are more likely supported by its fundamental business growth – making REITs an answer for those who seek long-term investment opportunities, but not so much for short-term speculators and traders.

b. Exposure to Market Fluctuation

Unlike conventional real estate investment, publicly listed REITs are also constantly exposed to a certain degree of market fluctuation due to its nature of being listed in the stock market.

Meaning, regardless of the fundamental stability of a REIT business, REITs are still prone to a certain degree of price fluctuation in the market.

c. Change in Portfolios’ Fundamental

Similar to conventional real estate investment, REITs also have the risk of having a strong income-producing real estate turning otherwise due to changes in market demand or fundamentals.

As an example, Sungei Wang Plaza (CMMT) and Subang Parade (Hektar REIT) used to be the to-go malls in the 90s, yet the rise of more attractive malls eventually replaced their glory.

Subang Parade - once known as the longest shopping mall in Southeast Asia. (Source: Subang Parade Official Facebook Page)

(5) How to Invest in REITs?

There are both private (Alpha REIT) and public-listed REITs (eg. SunREIT, IGB REIT, Axis REIT, YTL REIT) in Malaysia.

Generally, the easiest and most common way for one to invest in REITs is through the stock market, as there is where one can find publicly-listed REITs to invest in.

No Money Lah’s Verdict

Personally, I find REIT investment relatively simple to understand and work around, due to its business model that is (most of the time) straightforward.

In a way, REITs allow retail investors to invest in a portfolio of income-generating real estates, while enjoying the convenience of participation of the stock market. (eg. Buy and sell as instantly as you please, unlike conventional real estate/property transactions)

With that in mind, I believe that there is no harm to have REITs in your investment portfolio.

In the coming posts, I will dive into the different type of REITs and an overview of REITs in Malaysia, so stay tuned!

Do you invest in REITs? If you do, what REITs have you been investing lately? Would love to hear from you!

p.s. REITs are my personal favorite when it comes to long-term investment due to its decent dividend and simple-to-understand business model.

Check This Out Before Opening Your Stock Trading Account!

To start investing or trading the stock market, the first thing that you got to do is to open a stock trading account. Opening a stock trading account is actually pretty simple, and in this article, we are going to discuss some of the things that you should take note of before opening your stock trading account, and HOW to open one!


Step 1: Decide if you are opening a Direct CDS or a Nominee CDS account

A Central Depository System (CDS) account is an account that records the ownership of your stock holdings and any of your transaction history whenever you buy or sell shares. Take it as an electronic safe box that keeps your shares.

In Malaysia, all CDS accounts are maintained and operated by the Bursa Malaysia Depository. As such, you will receive a monthly account statement if there is any transaction made in your CDS account during the preceding month.

As a side note, you need to be 18 years old and above to open an account. Also, there is an RM10 fee for CDS account opening, and your brokerage will help you to open your CDS account simultaneously when you register for your stock trading account.

There are 2 types of CDS account – Direct CDS and Nominee CDS account.

Description Direct CDS Nominee CDS
Account holder’s name Shareholder (You – Mr./Ms.) Broker’s name (eg. Rakuten Trade Nominees for Mr./Ms.)
Eligibility for IPO application Yes No
Dividend Payment Credited directly into registered bank account. Credited into the trust account (which is linked to savings/current account)
Paperwork on corporate actions (eg. Rights issue, takeover offer) Managed directly by the shareholder. Managed by the broker on behalf of shareholder with a service charge.
Annual reports & dividend vouchers Received directly from the Registrar. Will not receive directly from the Registrar.
Rights to attend AGM Yes Yes, with bank consent letter.
Shares transfer Transferable to family members’ accounts. Transferable to own account only.


If you are just getting started with stock investing, my suggestion is to open a Nominee CDS account as the broker will manage all the necessary paperwork on your behalf should there is a need to do so. (But it is, well, up to you)

Step 2: Choose a Stock Broker

Choosing the right broker is important, as it is its platform that you will be using to invest in the stock market. There are 2 main things that you have to consider before opening a brokerage account, namely the brokerage fees and whether you are opening a Cash Upfront or Margin/Contra account.

i. Brokerage Fees

The brokerage fee is an important consideration for an investor, especially if you are starting with a small capital. Below is a list of stock brokers in Malaysia and its brokerage fee:

As you can see in the above picture, there is a difference in how brokers charge their fees. If I were to buy into 100 units of shares at RM1.00 per unit:


Maybank Investment Account (0.42% or RM12, whichever is higher): Total Cost = RM100 + RM12 = RM112

Rakuten Trade (0.1% or RM7): Total Cost = RM100 + RM7 = RM107


Also, do note that the brokerage fee is charged twice: when you buy and when you sell your shareholdings. Hence, it is crucial for you to choose a stock broker with a low brokerage fee!

ii. Cash Upfront or Margin/Contra Account

Next, consider if you need a Cash Upfront or a Margin/Contra account.

Essentially, Cash Upfront is pretty straightforward: you only invest the money that you have in your account (imagine a prepaid card).

In contrast, with a Margin account, you get to buy shares with a total value higher than your available cash. In other words, you can borrow money from your broker to buy shares using your Margin account.

When you buy shares on margin, your profit will be amplified when the share price goes up. On the flip side, your losses will also be amplified when the share price goes down.

On a personal note, I do not recommend new investors to buy shares on margin, unless you really know what you are doing and you can handle the risk involved.

Open Your Stock Trading Account Online via Rakuten Trade!

Rakuten Trade is a joint venture between Malaysia’s Kenanga Investment Bank Berhad and Japan’s Rakuten Securities, Inc. Let’s dive deeper and find out more about Rakuten Trade:

#1 One of the lowest brokerage fees around

Rakuten Trade offers one of the lowest brokerage fees among the brokers in Malaysia – hence making it one of the most affordable options for new and experienced investors or traders alike.

Transaction Size

Brokerage Fees

< RM1,000 RM7 flat fee
RM1,000 – RM9,999 RM9 flat fee
RM10,000 – RM99,999 0.1%
> RM100,000 RM100 flat fee


#2 Hassle-Free Account Opening

Rakuten Trade is also the first in Malaysia that offers online account opening. It took me about 15 minutes to register for a Rakuten Trade share trading account. The best part is that your application will be processed extremely quickly and you can start investing after your account has been activated.

p.s. Rakuten Trade stock trading accounts are Nominee CDS. Meaning, you do not have to deal with all the related paperwork in your investing or trading journey.

Step-by-Step Guide to Open a Rakuten Trade Stock Trading Account (will focus purely on Cash Upfront account here)

Step 1: Select ‘Cash Upfront’ as your Account Type.

Step 2: Key in your Name, Nationality & IC

Step 3: Upload the front & back snapshot of your IC.

p.s. Select ‘NoMoneyLah’ under ‘Educator’, and you will get a free 500 Rakuten Trade points that can be accumulated & converted into AirAsia Big Points and Shell petrol via BPoints!

Step 4: Key in your Contact, Email, Username and Security Question.

Step 5: You have to set a 6-digit trading pin to execute any transaction for buying or selling shares. This pin is VERY important as you need to key in this pin for all your transaction on Rakuten Trade!

Step 6: Key-in your personal particulars in the next few sections.

Step 7: Update your bank account details & upload your Bank Statement.

Step 8: Answer the few remaining questions for profiling purposes.

Step 9: Update your bank account details & upload your Bank Statement.

Step 10: Pay RM10 for your CDS account opening.

Step 11: Upon payment, you will receive an email in your inbox asking you to verify your email.

Step 12: Done! You will be notified once your Rakuten Trade account is approved. Next, you can start to fund your account and start investing or trading!

No Money Lah Verdict

To start investing or trading the stock market, choosing a reliable stock trading platform is important, and I have no problem recommending Rakuten Trade due to its ease of application and additional perks (eg. Earning RT Points that is convertible to BIG Points for every transaction.)

  • If you find this article useful, and would like to open your Rakuten Trade stock trading account, do consider using my referral link HERE to register for your account (or enter ‘NoMoneyLah’ under ‘Educator’ when you register). For that, you will gain 500 RT points from this registration. Otherwise, you can always google for Rakuten Trade and open your account too.

Open Your Rakuten Trade Account Today!

Read More: How to Make Your First Trade Using Rakuten Trade?


How to Make your First Trade on Rakuten Trade?

From my previous article, I have shared about the important elements that you should consider when opening a stock trading account. I have also shared a step-by-step guide on how to open a Rakuten Trade stock trading account too.

That said, opening a stock trading account does not solve ONE key problem:

How to make your first trade?

Reason being, every stock trading account has a different interface and it could be overwhelming especially for someone new to the stock market to start making transactions if one does not understand how and what certain key functions mean and works.

In this article, I am going to share a simple step-by-step guide on how to execute a transaction on Rakuten Trade, and explain some key terminologies along the way (Don’t worry it is very straightforward once you get it!).

Before we move on, I am assuming you have read my article on How to Choose a Stock Broker and have opened a Rakuten Trade (Cash Upfront) account. If not, you can read it HERE.

With that in mind, buck up, and let’s go!

Step-by-Step guide to Buy a Stock on Rakuten Trade


Upon logging in to your Rakuten Trade account for the first time, you will have to first fund your trading account using the funding methods available. In short, the easiest method is to fund your account using your savings/current account.


Step 1: Search for the stock that you want to buy at the search bar.


Step 2: Click ‘Buy

Order Page


At the order page, there are a few key sections that you got to familiarize yourself with:

1 – Trading Limit: How much capital you have to invest.

2 – Market Price: The price where a share is traded most actively between buyers & sellers.

3 – Best Buy & Best Sell Table (Market Depth): This table shows us what is the price that the people are lining up to buy/sell and the volume.

The more volume it is for a price, it means that the faster you will be getting it once you execute an order. (eg. You will be able to buy at RM1.28 immediately compared to trying to buy at a lower price of RM1.27)

4a – Board Lot & Odd Lot:

Board lot means you buy in a minimum multiple of 100 units. (1 Board Lot=100 units of shares, RM1.28*100=RM128)

Odd Lot means you can buy in a multiple of 1 unit.

•Since more people will buy in Board Lot, your order will usually be filled easier compared to buying in odd lots.

4b – Quantity:

•If you buy in Board Lot, your quantity will be in the multiple of 100. (eg. Put 2 if you want to buy 200 units of shares)

•Odd lot means you are free to key in any number of units that you want. (eg. Key in 88 if you want to buy shares in 88 units)

5a – Order Type:

  • Limit Order: Queuing to Buy LOWER than market price. (if you are selling means you are queuing to Sell HIGHER than market price)
  • Market Order: Buying or selling at MARKET PRICE. (order will be fulfilled almost instantly)

5b – Limit Price (not available if ordering at market price):

  • The price you want to buy below market price. (eg. Queuing to buy cheaper at RM1.26 instead of the market price of RM1.28)
  • Note that buying below market price may not 100% guarantee that your order will be fulfilled.

6 – Validity (only available if buying/selling via Limit Order):

  • Day: Your order will be canceled if it is not fulfilled by day end (5pm). (eg. If you queued at RM1.26 but did not get fulfilled, then your order will be canceled by 5pm the same day)
  • Good-Till-Date (GTD): You can decide the validity of your order. (eg. You queue for the price of RM1.26 until X date)

7 – Trading Pin: Your numbered pin to approve your trade. (Set when you open your account.)

You have successfully made your first transaction!

Step 3: Fill in the details of your trade, your Trading Pin and click Confirm Order.


1. Decide if you are buying Board Lot or Odd Lot.

2. Decide your Quantity.

3. Decide your Order Type.

4.Key in your trading pin.

5. Confirm Order.

6. Wait for your order to be filled.

And we are done! This is how exactly you can buy your first stock via Rakuten Trade.

KLSE Market Operating Hours

The market is open from Monday to Friday, except for public holidays. Details on active market hours are as stated below:

Stock market operating hours

No Money Lah Verdict

With a good understanding of the terminologies and functions, hopefully, you will not be so overwhelmed with these stock trading platforms!

  • If you find this article useful, and would like to open your Rakuten Trade stock trading account, do consider using my referral link HERE to register for your account (or enter ‘NoMoneyLah’ under ‘Educator’ when you register). For that, you will gain 500 RT points from this registration. Otherwise, you can always google for Rakuten Trade and open your account too.

Open Your Rakuten Trade Account Today!


Check out: 5 BIGGEST MISTAKES that I Made In Stock Market Investing




My Rant: Amanah Saham is Amazing BUT… (Part 3)

In Part 1 of my Amanah Saham article, I covered an overview of Amanah Saham investing and the benefits and risks of putting your money in Amanah Saham. For Part 2, we took an in-depth look into all 6 Fixed Price Funds by Amanah Saham (eg. Their stellar return).

Today, I will share my personal experience, insights, and thoughts of Amanah Saham investing with you!


(1) Account Opening Process

Opening an ASNB account is relatively straightforward. You can either visit any of the ASNB’s branches or its agents to open your ASNB account – be sure to bring along minimum cash of RM10 for initial investment!

For myself, I went to one of the Maybank branches nearby to apply for my ASNB account. While the process is straightforward, there are quite a number of declaration and Know-Your-Customer (KYC) forms to fill up. (Note: Individual below 18 years old will need to have his/her guardian’s details filled up as well)

Forms to fill up during registration

From my experience, the account opening process at the counter took quite a bit of time, due to some lengthy account activation procedures – so be sure to allocate about 40 minutes for everything! For my initial investment, I only managed to open my ASNB account (ASM 3 – 1 Malaysia) with RM10. As there were no extra units available (minimum RM100 additional investment), I could not buy more units :(

Took me quite a bit of time for account opening.

(2) Buying Additional Units & Managing Your Investments via myASNB Platform!

myASNB is a platform by ASNB where you can manage your portfolio and purchase additional units of the fund without going to the counter. Although I did not manage to buy additional units when I register for my ASNB account, I can still try to buy it via the myASNB platform and app.

As a whole, I like the interface of myASNB platform and its app as they provide a clear and simple overview of my portfolio and they are really easy to navigate around. As for unit purchase, Amanah Saham’s Fixed Price Funds are open to purchasing from 7 am to 6 pm, Sunday to Friday and the third Saturday of the month, excluding public holidays.

Managing your ASNB account and portfolio via the myASNB platform/app.

(3) Everything about Amanah Saham investment is great, but there is one BIG catch…

As you may have guessed it: Getting your hand onto any of the Fixed Price Fund is extremely hard. With a minimum RM100 investment, it is most of the time, a matter of luck whether you can buy any of the funds even though you have an account.

Well, since Amanah Saham Fixed Price Funds are almost too good to be true, it makes a lot of sense that people would not sell their units once they get their hand on the funds. As of the time of the release of this article, I have been trying to purchase additional units of Fixed Price Fund via the myASNB app with no avail.

No luck :(

No Money Lah’s Verdict: Amanah Saham Fixed Price Funds – a game of luck?

Essentially, I retain my view on Amamah Saham’s Fixed Price Funds: these funds are indeed a great deal and, without doubt, one of the best long-term investment options for Malaysians.

That said, considering how hard it is to purchase additional Fixed Price Funds at the moment, I think you would either need to have a lot of commitment to try buying everyday on myASNB, or you could go find some alternative investment vehicles available in the market.

In short, researching about Amanah Saham has been an eye-opening and informative experience for myself, as I get to learn so much about one of the best investment options in the country.

Check out Part 1 and Part 2 of my Amanah Saham articles if you haven’t read them!

p.s. If you face the same problem buying Amanah Saham’s Fixed Price Funds, why not consider other investment options that are available in the market?

Investing in the sector of Real Estate Investment Trusts (REITs) is definitely one of my favorite long-term investment choices in the stock market, as REITs also give out competitive dividends and return. More details HERE.

Disclaimer: The accuracy of this content is based on the best effort by myself and at the time of writing. I do not guarantee the validity of this content as details and performance of ASNB and its funds will change over time. This article is also not a buy/sell recommendation. Please seek professional financial planner’s advice on this matter.

In-Depth Look: 6 Fixed Price Funds in Amanah Saham (Part 2)

In Part 1 of my Amanah Saham article, I talked about what is Amanah Saham and a brief overview of the benefits and risks of investing in Amanah Saham’s Fixed Price Funds.

For Part 2, let’s zoom in a little and have an in-depth look into the 6 Amanah Saham’s Fixed Price Funds that everyone is talking about:

(A) Before we start, a little recap…

Amanah Saham’s Fixed Price Funds are funds of which its fundamental value is fixed at RM1/unit regardless of the market condition. These funds are famous due to their 0% sales fees, a track record of bringing in consistent return, and its nature that serves as an excellent capital preservation investment option. More about this in Part 1.

As mentioned, there are 6 Fixed Priced Funds by Amanah Saham, namely:


Open to all Malaysians

Amanah Saham Bumiputera (ASB) Amanah Saham Malaysia (ASM)
Amanah Saham Bumiputera 2 (ASB 2) Amanah Saham Malaysia 2 - Wawasan (ASM 2)
Amanah Saham Bumiputera 3 - Didik (ASB 3) Amanah Saham Malaysia 3 – 1 Malaysia (ASM 3)

(B) Summary of each Funds’ return (%) over the past 5 Financial Years (FY)

As you can see from below, each fund has been reasonably consistent in their performance, albeit some funds’ return has slid down for a little – in line with the overall market performance.

Return of Fixed Price Funds over 5 past financial years (FY).

(C) Deep Dive into all 6 Fixed Price Funds

#1 Amanah Saham Bumiputera (ASB)

Established in 2nd January 1990, ASB is the first Fixed Price Fund by Amanah Saham. In terms eligibility, ASB is only open to Bumiputera, with a maximum investment of RM200,000.

ASB is a fund with a mixed portfolio of assets such as equities (73.56%) and other capital market instruments such as fixed income securities and bonds (26.44%). With more than half of its total capital invested in equities, it is important to find out which sector ASB has been investing in:

Top 3 Sectors (FY 2018)

Top 3 Holdings (FY 2018)

Financial (27.55%) Maybank (24.11%)
Services (21.01%) Sime Darby Plantation (9.61%)
Plantation & Agriculture (11.58%) Sime Darby Bhd (4.87%)

What we can tell from above is that ASB is pretty heavily invested in the financial sector of the country, namely Maybank, and rightfully so as banks generally give out a decent dividend.

Amanah Saham Bumiputera (ASB)

#2 Amanah Saham Bumiputera 2 (ASB 2)

ASB 2, which is also a Bumiputera-only fund, was launched in 2014 with a maximum investment of RM200,000.

In terms of the nature of the fund, ASB 2 is also managing a mixed asset of equities (81.96%) and some other instruments from the capital market (18.04%). What makes ASB 2 stands out among other Fixed Price Fund is that ASB 2 is the ONLY fund with more than 80% of its capital invested in equities.

Top 3 Sectors (FY 2019)

Top 3 Holdings (FY 2019)

Financial (25.93%) Maybank (9.93%)
Industrial (11.5%) CIMB (6.03%)
Utilities (10.19%) TNB (5.91%)

Without surprises, ASB 2 is also heavily invested in the financial sector.

Amanah Saham Bumiputera 2 (ASB 2)

#3 Amanah Saham Bumiputera 3 - Didik (ASB 3)

Another Bumiputera-only fund, what makes ASB 3 different from ASB and ASB 2 is that there is no cap to the maximum investment of each person but instead is subjected to the availability of units.

Similar to ASB and ASB 2, ASB 3 handles a mixed portfolio of assets, with 76.11% on equities and 23.89% on other capital market instruments.

Top 3 Sectors (2Q FY 2019)

Top 3 Holdings (2Q FY 2019)

Services & Trade (30.6%) TNB (9.02%)
Plantation (12.31%) Sime Darby Plantation (4.87%)
Industrial (6.74%) Petronas Chemical (4.34%)

Unlike the funds before, ASB 3 focused its capital mainly on services & trade sector.

Amanah Saham Bumiputera 3 (ASB 3 - Didik)

#4 Amanah Saham Malaysia (ASM)

ASM was launched in 20th April 2000, and it is one of the Fixed Price Fund in Amanah Saham that is open to all Malaysians. It has no cap when it comes to maximum investment, yet it depends on the availability of units for purchase.

As a fund that manages a mixed asset class, ASM has a 73.08% breakdown in equities and 26.92% in other market instruments.

Top 3 Sectors (FY 2019)

Top 3 Holdings (FY 2019)

Financial (20.78%) Maybank (7.68%)
Services (10.29%) TNB (5.93%)
Utilities (9.59%) CIMB (5.16%)

Just like most of the Fixed Price Funds, ASM places a big emphasis of its funds into the financial sector, with Maybank and CIMB being 2 of its largest holdings for the 2019 Financial Year. One thing to note is that ASM is the only fund that performed less than 6% return (5.5%) in its latest financial year – the first to slip under 6% among all 6 funds.

Amanah Saham Malaysia (ASM)

#5 Amanah Saham Malaysia 2 - Wawasan (ASM 2)

Launched in August 1996, ASM 2 is the first Fixed Price fund that is open to all Malaysians public to buy. Just like ASM, ASM 2 has no cap to its maximum investment, yet to purchase you got to depend on the availability of units of the fund.

In terms of asset breakdown, ASM 2 manages 79.39% of equities and 20.61% of other market instruments – making it the 2nd largest equity holding among all 6 funds (the 1st being ASB 2).

Top 3 Sectors (FY 2019)

Top 3 Holdings (FY 2019)

Financial (27.85%) Maybank (12.60%)
Services (23.83%) TNB (8.67%)
Plantation (10.12%) CIMB (7.27%)

 In terms of sector breakdown, ASM 2 is both heavily invested in the financial and services sector, hence any form of performance fluctuation in these sectors would definitely affect the performance of ASM 2.

Amanah Saham Malaysia 2 (ASM 2 - Wawasan)

#6 Amanah Saham Malaysia 3 – 1 Malaysia (ASM 3)

Being the latest addition of all-Malaysians Fixed Price Fund (2009), ASM 3 also has no cap to its maximum investment.

Just like all other Fixed Price Funds, ASM 3 manages 73.5% of equities and 26.5% of other capital market instruments in its portfolio.

Top 3 Sectors (FY 2018)

Top 3 Holdings (FY 2018)

Services & Trade (22.88%) Maybank (9.55%)
Financial (21.36%) Petronas Gas Bhd (5.77%)
Industrial (7.27%) TNB (4.56%)

For ASM 3, Services & Trade sector is one of the main holdings of its entire equity portfolio, followed closely by investments in the Financial sector.

Amanah Saham Malaysia 3 (ASM 3 - 1 Malaysia)

(D) Sector & Company Specific Risks

From the fund description above, it is not hard to spot that there are a lot of similarities between all 6 funds, namely:

Most of the funds either have a big and/or heavily invested in the financial and (some in the) services sector. This means that any news or fundamental changes in these sectors’ performance will affect the return of these Fixed Price Funds.

Of all, interest rate fluctuation is no doubt one of the major risks of banks (financial sector), as any changes in interest rate will impact the revenue of the banks.

Aside from that, there are companies that will always be in the podium of Top 3 Holdings of these funds, such as Maybank and TNB. While these are very reliable blue-chip stocks, any company-specific news could also affect the return of the Fixed Price Funds. (especially ASB and ASM 2 that have a huge holding of Maybank shares)

(E) So…Which Fund Should I Pick?

Firstly, from a pure return perspective, I personally think that any of the funds are okay as they have been giving pretty consistent return throughout the past 5 Financial Years (FY). That said, ASB is likely the favorite as it has been giving not only consistent, but also the highest return among all 6 Fixed Price Funds available.

However, your available options really depend on, well, your race. If you are a non-Bumi (like me), your options are mainly ASM, ASM 2 and ASM 3.

Another catch of these Fixed Price Funds is they are really, really hard to buy. In short, what you WANT to buy may not be what you COULD buy. Reason being, for each fund, a quota is allocated specifically to each race and once the quota is used up, you can only purchase the units if someone else is selling their holdings.

Essentially, you got to have some luck and keep trying if you want to buy into any of these funds (more on this in Part 3).

No Money Lah’s Verdict

So here you go, the in-depth view into all 6 Amanah Saham’s Fixed Price Funds! These are, in every means, some of the best long-term investment options available to Malaysians if you can get your hand on them.

In Part 3 (the final part of this Amanah Saham series), I will share my experience and personal thoughts on Amanah Saham investment with you – so stay tuned and subscribe if you haven’t already!

Do SHARE this article out with your friends and family if you find it useful, would ya’? :)

If you have yet to check out Part 1 of my Amanah Saham investing, be sure to check it out HERE

Disclaimer: The accuracy of this content is based on the best effort by myself and at the time of writing. I do not guarantee the validity of this content as details and performance of ASNB and its funds will change over time. This article is also not a buy/sell recommendation. Please seek professional financial planner’s advice on this matter.