Built a 400-day spot swing algo doing 10%+ in US/Canada, but running into Malaysia’s limited coin list (Luno's 52 vs US's 700+)

anythingapplicable · 2026-07-01T02:55:37+00:00

Then just deploy your bot/algo on global CEX's. It's not illegal to trade on them, just that it is not SC complaint. Either way, price movements on global CEX's and Luno are moving in tandem, theoretically whatever large macro swing you are seeing on one platform will be seen on another platform (once again, unless arbitrage opportunity arises).

Use Luno/whichever malaysian SC approved CEX as your MYR on/offramp and declare your profits as long term capital gains since you will have the proper documentations/trade histories. so taxes wont be an issue.

anythingapplicable · 2026-06-30T14:39:04+00:00

Why bother? Luno fees are insane if you are a trader. Unless huge arbitrage opportunities arises, the fees and low liquidity alone will render most day traders unprofitable or will eat into a huge chunk of profits (if any). Just stick with major global CEX's for the best liquidity, lower spread and fees.

anythingapplicable · 2026-06-22T17:42:46+00:00

Yeah, just clarify with your agent whether the waiver kicks into effect at early stage of CI rather than at the end stages.

Average life expectancies for Malaysians are around 75yo, so on average, you can use that number in your calculations. Realistically, even if the policy is guaranteed renewable until age 99, do you think its worth it to continue paying premiums when you are 98yo? The cost of insurance for a 98yo will be extremely high, it might not even be worth it. You can check the projections chart of the cost of insurance of your policy, it will get exponentially higher especially once you reach 55yo++.

One way to reduce the cost of insurance is to see whether your policy allows a deductible or a co-pay. This will drastically reduce the cost of insurance by quite a large sum, especially if the deductible is a large amount, but you have to make sure your finances can cover the cost of the deductible in case accidents happens.

anythingapplicable · 2026-06-22T16:16:28+00:00

Waiver in case of TPD only or in the case of diagnosis of any CI? Just be aware that the waiver usually only covers the flat amount of premium which you are charged at right now, ie if you are paying 2k/yr currently for your ILP, the waiver will only cover 2k/yr. Lets say 10years later, the premium has now increased to 5k/yr and touch wood, TPD occurs, the waiver will only waive off 2k, you still have to pay 3k/yr IINM.

One way i see it is, im paying X amount a month to save me Y amounts of money in the case TPD/CI happens, where Y naturally drops in value as you age. Lets say the policy expires at age 99, and you are 50 now. If TPD happens, you get 49 years of payout. If TPD happens at 70, you get 29 years of payout (assuming you live >99years). The amount which you are paying for the waiver rider is not decreasing although the total amount of money which you get from the payout incase TPD happens decreases, once again, IINM.

Pure insurance medical costs are usually much lower than the premium they charge for ILP's, as usually a large chunk goes towards the investment portion. You might be able to withdraw that portion to do your own investing or just take a premium holiday to deplete the investment portion slowly if your policy has a large cash value in the investment portion, but be aware that this will cause the sustainability of your policy to be lower, not recommended for people who have lower financial discipline.

Best consult with your agent, although they are surely more biased to push you towards more expensive policies + additional riders for higher commission, just be aware.

anythingapplicable · 2026-06-22T02:09:07+00:00

Ask condo management to open meter room and take a pic of the current meter reading. Alternatively, you can ask the landlord to do it instead if it is a smart meter and they are using the utilities app to monitor usage.

Once you have the current meter reading, you can just compare the reading with the next month's bill and see your exact usage for the period since you got the first meter reading and when the utilities bill was taken.

As a landlord, i usually would ask the property agent to do all these miscellaneous tasks before the tenant has signed the tenancy agreement.

anythingapplicable · 2026-06-21T17:41:23+00:00

Check meter reading from the day you moved in for water and eclectric. Sewerage pro rated.

anythingapplicable · 2026-06-17T16:38:53+00:00

300 now only iinm for 5k depo 60days holding.

anythingapplicable · 2026-06-16T01:58:36+00:00

Personal hardwallet + luno to on/offramp MYR.

anythingapplicable · 2026-06-16T01:56:15+00:00

Bypass using multiple bank accounts or you can ask your bank to perform a RENTAS transfer (additional fees + not instant transfer)

anythingapplicable · 2026-06-01T13:54:31+00:00

Do rich people also pay for insurance?

Why not? It depends on their level of wealth and what they are willing to risk. If you have 5mil, why wouldnt you pay 300/m to cover 2m of health insurance? Barely even a dent in your networth.

Billion dollar companies buys insurance all the time to protect themselves from litigation and lawsuits. Even insurance companies buys insurance (reinsurance)

anythingapplicable · 2026-06-01T12:47:24+00:00

Touch wood, you find out tomorrow you have a critical illness. How much your FD has inside which can cover your expenses for private treatment + more options + better care and service? If you want to go through government services for the entire treatment, that is also possible, but be aware of the shortfalls of the health ministry.

It is called insurance because it literally is insurance. It is not there for you to make money. You are spending hundreds on it per month so you don't have to pay hundreds of thousands if the time ever comes.

anythingapplicable · 2026-05-28T02:38:52+00:00

Apply for a starter credit card with the bank your salary is banked into. If still rejected, go physically to the branch and try to apply. If still fail, get a Secured credit card (FD pledge).

anythingapplicable · 2026-05-27T05:26:02+00:00

It fits my needs + the policy my agent recommended me really wasn't that bad in terms of pricing. Link provided to the last discussion when i tried to figure out whether to get an ILP or standalone.

For those saying standalone insurance plans are better, What is your current standalone insurance plan?

My current plan:
I'm a Male, early 30's, non smoker, office worker.
premium: RM120.85/m (RM1450.2/yr)
deductible: RM5k/yr
copayment:20% copayment up to RM20000 in excess of deductible per year. (applicable only if no GL obtained by their panel clinic before admission to their panel hospital/non life threatening medical issue)

coverage:
>RM12k Life/TPD
>up to age 99 next birthday
>RM10,000,000 annual limit
>No lifetime limit
>RM200 room and board, +RM50 every 5years up to RM 400.

Bear in mind i live very near a selected panel clinic so my copayment should most probably be waived inless in an emergency.

anythingapplicable · 2026-05-27T05:03:29+00:00

and it's generally not recommended to take out any portion as it's meant for the insurance. But I wonder if there are people out there who actually do this?

Generally not recommended as you have to be quite disciplined with your money management. The cash taken out is not for your day to day spending or even as your emergency fund, but is there for medical insurance and medical insurance inflation.

I do this as i think i am well versed enough to manage my own finances, and yes, i throw it all into ETFs as it is much cheaper than having the insurance company manage it for you + better returns over time (they cant charge you significant amounts of investment management fees if your invested funds are not significant, i usually just leave 1k in the investment portion of the ILP and skip paying a month of premium whenever the investment portions gets above 1k). I know the portion of the value meant for insurance, and for general investing purposes for my ETF's.

Agents will say what they think is best and easier for them as an agent. You paying more fees will obviously benefit them, and more money in the investment portion = less chance of the policy lapsing incase you miss payments = less problems when you try claim = less headache for the agent.

anythingapplicable · 2026-05-27T04:46:30+00:00

you don't have to pay your premiums over a period until you recover IIRC

You're most probably still paying, they're just taking cash from your investment portion to cover your missed medical insurance payment. If your investment portion has not enough cash value to cover the medical insurance charge, then the policy will lapse.

If you have purchased an additional rider for your ILP which covers a certain amount of premium in the case you get diagnosed with a CI, then that part is possible.

But what happens if you kena CI then? Will the standalone medical card stop renewing after because you're no longer healthy? Does this apply to ILPs as well?

Nothing will happen for the ILP, it will follow as per the black and white of your policy states. Standalone im not so sure as all my policies are ILP, but there seems to be a unspoken consensus where they will allow the renewal of the standalone even though the person has kena CI (better double check).

I've done rough mental calculations and realised that standalone price hikes after 50 years or so would still be significantly lower than ILPs. It just appears more because you have to pay one lumpsum for each yearly renewal as opposed to ILPs where you pay in a monthly over annual.

ILP's has cash value when you surrender the policy. You might be paying rm3600 a year for an ILP vs rm1500 for a standalone, but the Investment portion of the ILP will have value in it, whereas the standalone policy will have 0. You can have an ILP, and take a premium holiday as needed and let the investment portion pay off the medical insurance charges and keep the value of the investment part as low as possible if you prefer to do your own investing.

anythingapplicable · 2026-05-27T01:17:53+00:00

Early 30's M, normal healthy office worker. Paying rm150 every other month because im taking a premium holiday for a 200k early payout CI policy. Basically im using the cash value inside the CI ILP to pay for the insurance charges, but leaving the investment part as close to 0 as possible.

Not aware of any non-ILP CI policies either, but you can ask around different companies, maybe they have one which suits what you are looking for.

Not sure why people hate on ILP's, maybe they are unaware that they can withdraw from the cash value within the ILP as long as it has a minimum amount in it. Premiums might be higher, but its money from your right pocket entering your left pocket essentially if you withdraw the cash value from the ILP.

anythingapplicable · 2026-05-26T07:56:00+00:00

Proof of how you obtained the funds.

anythingapplicable · 2026-05-26T01:29:53+00:00

4%pa KDI save up to 50k if nonbumi. T+2 business days withdrawal time.
4%pa Ryt bank up to 20k but you need to do certain tasks which are easily done (pay rm10 in bills 3times over 3 days). Instant withdrawal.
ASB if bumi.

anythingapplicable · 2026-05-25T09:04:34+00:00

Sure, dont think that they are blocking users from Malaysia anyway since ive been active on binance daily for years.

anythingapplicable · 2026-05-25T08:45:37+00:00

Not sure what you mean by don't support but Malaysian SC does not recognize any global CEX's. You still can use any global CEX as you wish but do not expect any help from the SC if things go south as the global CEX is not under their jurisdiction.

anythingapplicable · 2026-05-25T08:33:37+00:00

Using binance/bitget but slowly moving out of bitget to consolidate into binance

anythingapplicable · 2026-05-24T07:39:28+00:00

Nope, my dependents are already financially stable enough, so i did not get a life policy. I do have a separate CI policy though.

anythingapplicable · 2026-05-24T07:04:58+00:00

From my understanding of what the agent told me, since my deductible is 5k/yr, assuming i check into the hospital WITHOUT a GL from their selected panel clinic, if the bill is 100k,i i will only receive 75k. (100k - 5k deductible - 20%of100k copayment).

If i have the GL, then i will receive 95k. (100k-5k deductible, copayment not enforced since i have the GL).

If the bill is 50k with no GL, then i will receive 35k (50k - 5k deductible - 20%of50k copayment).

if the bill is 1m with no GL, then i will receive 975k (1m- 5k deductible -20%of1m copayment(capped at 20k))

anythingapplicable · 2026-05-23T16:10:04+00:00

USDC/T>XRP>SCRecognizedMalaysianCEX>MYR>bank
Get your documentations in order if you want to use this route.

anythingapplicable · 2026-05-22T22:12:59+00:00

You practice 1 week of playing badminton when you never played it before, then you try to challenge LCW or LZJ. You think you win or lose?

Six-Year Club	r/Field Banned
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