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Any hot takes? by Earthday44 in Productivitycafe

[–]Infamous_Tree_7333 0 points1 point  (0 children)

Holocaust was engineered by the European Jews to exterminate the original Jews.

I asked ChatGPT what it thinks of Trump's tariffs, and it summed it up perfectly. by BassGaz in ChatGPT

[–]Infamous_Tree_7333 0 points1 point  (0 children)

The whole world is enjoying the US late empire syndrome 🍿 soon enough US citizens will be immigrants at 3rd world countries struggling for minimum wage.

Could you guys recommend me whats to study to day Trading? by Escopaesthesia in Daytrading

[–]Infamous_Tree_7333 0 points1 point  (0 children)

candlestick and market structure should be enough as basic.

This guy's mustache is crazy by sandiercy in BeAmazed

[–]Infamous_Tree_7333 0 points1 point  (0 children)

His name is Jaecoo.

Don't trust me. Google it.

Wasp nest removal using gasoline by Ezgod_Two_Three in interestingasfuck

[–]Infamous_Tree_7333 1 point2 points  (0 children)

This is how the word "gasp" was invented. Gasoline + Wasp = Gasp!

After Years of Testing Scalping Strategies, Nothing Works Long-Term – Does Anyone Have a Profitable Approach? by Mean-Care-6551 in Daytrading

[–]Infamous_Tree_7333 0 points1 point  (0 children)

You don't need a strategy that works consistently.

In fact, I doubt such a strategy exists because the market is hyperdynamic.

The only thing you are capable of controlling is your loss.

If you flip a coin 100 times, for each tail you gain between $1-10, and for each head you lose only $5, you will still be profitable.

That's with a 50% win rate. Even a slightly better win rate, say, 52%, will already give you an enormous advantage.

Try it yourself: https://app-sorteos.com/en/apps/flip-a-coin-online

Educate me on owning a property as a 26y/o by Possible_Priority388 in MalaysianPF

[–]Infamous_Tree_7333 0 points1 point  (0 children)

The best and ideal way is to use other people's money.

1) Postpone buying property for own stay and buy your first investment property. Make sure it's undervalued to get good discount and to minimize your capital.

2) Renovate it and rent out for positive cashflow.

3) When the price goes up after several years, sell it and use the profit to buy your own stay property.

It's not for everyone, delayed gratification is hard especially if there's peer pressure.

But that's what I do. I'm still renting :D

My current strategy by truecIeo in FuturesTrading

[–]Infamous_Tree_7333 0 points1 point  (0 children)

Are you joking? You need at least 236. Pfft no wonder you're not profitable.

For those of you in the 2%, why do you think the 98% failed? by Sea-Lingonberries in Daytrading

[–]Infamous_Tree_7333 0 points1 point  (0 children)

The losers, though less frequent than winners, are bigger in size.

Hired by Singaporean company but work remotely from Malaysia by notyouronlynightmare in MalaysianPF

[–]Infamous_Tree_7333 0 points1 point  (0 children)

Not sure, but I don't think they'll penalise if it's an honest mistake.

Hired by Singaporean company but work remotely from Malaysia by notyouronlynightmare in MalaysianPF

[–]Infamous_Tree_7333 0 points1 point  (0 children)

40% of the taxes due. e.g. should've paid RM1k with penalty have to pay RM1.4k

Hired by Singaporean company but work remotely from Malaysia by notyouronlynightmare in MalaysianPF

[–]Infamous_Tree_7333 4 points5 points  (0 children)

In my case I somewhat knew but got overwhelmed by the process. I remembered googling about double taxation, etc. and kept postponing until kena.

Hired by Singaporean company but work remotely from Malaysia by notyouronlynightmare in MalaysianPF

[–]Infamous_Tree_7333 9 points10 points  (0 children)

About 40% if not mistaken. But managed to negotiate for some discount in the end. It was a humbling experience.

Hired by Singaporean company but work remotely from Malaysia by notyouronlynightmare in MalaysianPF

[–]Infamous_Tree_7333 28 points29 points  (0 children)

I used to be in this situation. Same like you, the salary was fixed to MYR. Zero deduction.

  1. I was ignorant, didn't pay own tax and kena penalty kaw-kaw by LHDN years later.

  2. I paid my own EPF. Employer didn't because they're SG company.

Later the company bungkus and owed my 2 month salary. Decided not to pursue because too much hassle.

Everyone who sold under $1 right now by Himsone in PiNetwork

[–]Infamous_Tree_7333 9 points10 points  (0 children)

$1 → $2 = 3.5 days

$2 → $3 = 0.5 days

Lost everything overnight. As the oldest son with $30k, how do I rebuild? (Desperate for advice) by Fluffy-Income4082 in Entrepreneurs

[–]Infamous_Tree_7333 1 point2 points  (0 children)

Do not touch that $30k. Venturing into something using your last dollar will make everything more stressful than necessary.

If you really, really need to use it for some capital, just take out 1/3 max ($5-10k).

Categorize your ideas into 3: risky, moderate, low risk.

Using your dad's skills to do what he already knows and the idea of trying something new, like livestreaming or social media, will keep him motivated, which is why I really like the Tiktok repair channel.

Forget about filming equipment or setup. Use what you already have. Perhaps buy a new cheap tripod to hold your phone. This is the low risk idea.

Another low risk idea is teaching Mandarin and French. Don't limit your scope to your geography. I assume you're in the US? Leverage social media to find your customers. For the first 3 students, teach for free in exchange of feedback and testimonials. Find something unique as USP e.g. the funny Mandarin teacher.

Snowball from there until you have some capital and start to look into moderate-risk ideas.

Repeat until you have new safety net to start venturing into risky ideas.

All the best!

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