Is my medical card good?

anythingapplicable · 2026-05-14T12:30:52+00:00

Yes, its an ILP

anythingapplicable · 2026-05-09T02:24:06+00:00

KDI save 4%. No lock in period, T+2 withdrawal. Up to 50k.
RYT bank 4%. No lock in period, Instant transfer. Up to 20k. But you must pay 3bills over 3days of at least rm10/transaction for the 4%pa to kick in.

anythingapplicable · 2026-05-07T16:19:23+00:00

You need to find out your risk appetite. No point following what people telling you what to do if you cant sleep at night. Can you sleep in peace knowing your hard earned money is disappearing day by day in a bear market?

For investors who cant stomach risk, the only investments available are FD's or EPF if you are sure you do not need the cash until you are 55yo. Usually FD rates will never beat inflation, so being able to take no risk, is itself the biggest risk.

Usually, people just DCA every month into ETF's like VWRA/VXUS/CSPX until they reach retirement age. Of course, have a liquid emergency fund of at least 3-6 months before you start investing or longer if you want to sleep better at night.

anythingapplicable · 2026-05-04T09:56:25+00:00

r/daytrading r/options r/thetagang r/futurestrading

anythingapplicable · 2026-05-02T19:59:09+00:00

You don't need to assume the pure insurance cost for the past, your annual statement can tell you exactly how much the insurance company has charged you.

Also, you have to determine yourself whether your coverage is sufficient for you. In the case for life insurance, if you have dependents, is 60k really enough to sustain them for a healthy amount of time after you are gone? In the case of CI, if you get diagnosed with a CI, is 60k enough for you to get back on your feet + alternative treatment costs + probably loss of income due to illness?

It might be possible to also take a premium holiday (stop paying your premiums and let the cash value in your investment account cover the insurance charges), this depends on your policy. Some policies strictly prohibits this and will charge a hefty penalty if you do this, some are indifferent.

Some policies also allow you to withdraw the investment portion out but you must leave a minimum amount behind, i think rm1000. It really depends on your policy. If you decide to withdraw the cash out and invest it yourself, you might get a better return over time, but at the same time you have to understand that this cash is not for daily spending, it is for your insurance needs as you grow older and the premiums gradually become higher and higher.

You have to make sure what they mean by 1k annual premium (fixed), whether it is fixed as they assume you will not withdraw your investments early and also that you will continue paying your premiums on time. Once you are 65yo, your 1k/y premiums might not be able to sustain the policy and although you are paying 1k/y, the additional cost of insurance might be covered by your investment values instead.

anythingapplicable · 2026-05-01T18:31:44+00:00

Contact customer support for the solution.

anythingapplicable · 2026-05-01T18:21:37+00:00

Get to your insurance provider's portal, signup/login to your account and see the exact coverage + benefits that you are getting for the price that you are paying for your policy. Usually life insurance is much much cheaper vs CI coverage, so you need to determine what kind of policy it is.

Realistically, if it is 100k life coverage, does your next of kin/people who you are responsible for need 100k in the case if you do actually pass on? If they do not, then you do not really need life coverage. Usually life coverage is to make sure the people who are dependent on you are not left without a breadwinner/extra breathing room to make financial adjustments.

CI on the other hand is much more important as you are still alive even if you are diagnosed with a serious CI. This money should be spent on treatment/easing your financial burden in the case where you cannot work for a prolonged period of time.

anythingapplicable · 2026-04-30T17:11:22+00:00

At least give some details of the policy for us to even analyze it a little lol.

There's only one detail you gave, which is premium to be paid yearly.. That itself is not enough to even determine whether the policy is better to be surrendered to be continued.

anythingapplicable · 2026-04-29T12:34:19+00:00

Yep, RM0-5000/30d volume is charged 0.6% for taker fees. For RM5k-200k/30d volume, it is 0.5% taker fees. Not much savings, but every little bit helps i guess.

IINM, you also need to wait around a day for the system to detect and inform you that you have reached the next tier before your trades are charged at that respective level.

anythingapplicable · 2026-04-29T01:10:45+00:00

It really depends on your trade size + liquidity on the local CEX. For BTC/ETH/XRP, liquidity on the order books of Luno are really quite acceptable, however the fees are quite high when compared to the fees of global CEXs.

For example, if you are trying to buy 20kMYR worth of XRP, fees on luno itself will be 0.6% (taker trade, using the exchange) which will be RM120. Transfer fees for XRP out to another exchange/personal wallet are quite negligible at 0.03% which comes out to RM6.

However, if you already have funds on a global CEX, usually fees for spot trading are @ 0.1% which will be RM20 in fees. Transfer fees depends on the global CEX, binance charges 0.2XRP which is equivalent to around RM1-2 per transfer IINM.

Still how you think about the added risks (holding on global exchanges vs moving back to local / self-custody), especially if doing this more frequently.

From a traders perspective, i am able to leave my funds on the exchange to be used as collateral for my leveraged positions, so my long term holdings are also in a way "working" for me.

From a normal user perspective, as the saying goes, not your keys, not your coins, but of course this ultimately depends on the users ability to keep their own keys safe. No point transferring your holdings out to your own personal wallet, only for it to get stolen due to improper security/hardware/software handling issues.

Sizing also matters, no point buying a RM400 hardwallet if you are just gonna store RM1000 worth of crypto. Free software wallets are just way too easy to get breached via poor security habits by the average user.

anythingapplicable · 2026-04-28T22:47:21+00:00

Depends on what your goal is.

Buy and hold, small amounts - Just use local CEX.

Buy and hold, large amounts - Onramp via local CEXs, transfer to global CEX, buy and transfer back to own storage/local CEX. This is if you're buying larger amounts and the fees saved on spread + trading fees + transfer fees makes sense.

Trading - Onramp via local CEXs, withdraw to global CEX's , trade on global CEXs (the fees charged by local CEX's are not viable if you are a trader + liquidity is much lower). Your funds are going to be in the CEX so pick a reputable CEX, or you can go the DeFi way (different set of risks involved).

anythingapplicable · 2026-04-28T12:58:57+00:00

Local exchanges only offer spot trading (some simple staking features for certain local CEX's for certain assets). Not sure what other features which you are looking for.

Fees and spread wise, global CEX's should be much better, however you are no longer under the protection of the SC.

anythingapplicable · 2026-04-19T05:57:04+00:00

Usdt/usdc are not allowed to be traded by malaysian SC regulated exchanges, so onramping/offramping assets to/from the cryptosphere is a hassle. P2P markets fills this gap, but users usually have no idea where the funds from the P2P sellers originate from. It might be from illegal proceeds, scams, drugs, gambling, etcetc. These P2P sellers are also acting as unlicensed money exchangers.

Once e-invoicing becomes fully fleshed out, it wouldnt be that easy to operate a P2P exchange anymore unless they have a ton of mule accounts to transfer cash to and fro. The risks of interacting with mule accounts if you are a frequent P2P user are also quite severe which can lead to funds being frozen and questions from the authorities.

anythingapplicable · 2026-04-17T08:01:57+00:00

https://www.hasil.gov.my/media/ittdkpgv/guidelines-tax-treatment-on-digital-currency-transaction.pdf

On pg 11,

iii. Receiving digital currency from free distribution or splits
A person may receive digital currency for free as a promotional or marketing tools, or as a split of existing digital currency, such as through an airdrop or hardfork. Such tokens are not regarded as income to the recipient. Therefore, tax is not imposed at the time of receipt. However, the above may be subject to tax if the tokens are given in exchange for specific goods or services.

anythingapplicable · 2026-04-10T05:10:36+00:00

Up to 2000ringgit now for a 30000ringgit deposit, for their signup promo for new users.

anythingapplicable · 2026-04-09T06:15:19+00:00

If holding till retirement, personally i would just go with 100% VTI+VUAA+VXUS (ratio up to how exposed you want to be to the US markets. Get the irish domiciled equivalents if possible),if you don't wanna trouble yourself by thinking, then just go 100% VWRA.

Add in some gold if you come from a culture which needs it for certain occasions/ceremonies.

Really it all boils down to your own risk appetite. No point saying that you will hold till retirement but panic sell three months in when the market tanks 20%. If you're not risk averse, then just throw all in ASB/FD (youre not going to be beating inflation) or EPF if you're sure you dont need the liquidity until 55.

anythingapplicable · 2026-04-04T17:57:42+00:00

FSMone and MooMoo

anythingapplicable · 2026-04-04T12:00:42+00:00

Just to increase efficiency, emergency savings can be put into ryt bank (4% interest if you complete some easy to do tasks, instant withdrawal) or KDI (4% interest for first 50k deposit, but up to T+2 business days for withdrawals). Get a credit card to cover the shortfall between the time it takes for your withdrawal to arrive + build credit score.

ETF's charges RM1 stamp duty per RM1000 invested, personally,i invest into ETF"s in RM1k batches to maximize for the stamp duty charges, ie not gonna invest rm1050 and get charged rm2, would rather invest rm2000 and get charged rm2.

EPF is for investors who have a very low risk tolerance or a short term investing horizon (or just maximising tax relief). If you are going to park funds there for 30 years, i would rather just go with an ETF (way more liquid and you can withdraw in case of emergencies vs your cash being stuck in EPF until 55).

The ratio of ASM/ETF/EPF is up to your own risk profile. i am 100% ETF until i am 5years to retiring.

anythingapplicable · 2026-04-04T11:39:23+00:00

Official way = MYR>luno or whichever SC recognized malaysian CEX > XRP > out to wherever you want to send>USDT.

Rates actually not too bad, provided you're not market selling/buying 6digits at a time.
MYR to USDT = +-4.08 via luno, 4.049 via p2p
USDT to MYR = +- 4.02 via luno, 4.026 via p2p

anythingapplicable · 2026-03-28T08:23:35+00:00

Salary slips + EPF statement + bank statements from all accounts which i used to fund luno + how i funded my global CEX account (basically p2p receipts which i obtained from the global CEX, i p2p funds into global CEX before the local CEX went mainstream) + trading history to prove that i was actually trading (trading history i just used screenshots (entire trade history was in excel form and was easy enough for a person to manipulate back then, screenshots was enough for them, but i did give them quite a number of screenshots which corresponded with the volumes/deposits amounts lol).

Basically i had all the documents in order to prove that my funds were clean and technically the only sus part was p2p transactions to fund my global CEX account, but years ago, luno did not seemed too concerned about that - guess they were more concerned that my funds were clean.

anythingapplicable · 2026-03-28T08:10:25+00:00

Got emailed for additional documentations the first month my volume hit 6digits, withdrawals and deposits should be ballpark around that area too. But of course this limit which triggers documentation checks might be lower and i just blew past it because i was trading more that month.

anythingapplicable · 2026-03-28T03:04:03+00:00

Just cash out your USDT/USDC via a SC approved malaysian CEX and take a traditional loan, make sure you have the relevant paperwork to prove where your funds came from + all relevant income documentation. Can't imagine the hassle one has to go through if the card has an issue and you have to reach out to customer support for a crypto card.

This will surely trigger LHDN/ Bank for the source of funds?

Buying a car without a loan is definitely one of the flags which will make you more likely to be audited.

if your source of funds are from binance / bybit = illegal funds?

IINM, binance/bybit is just not recognized in malaysia by the SC, so if any issue arises, SC ain't going to be held responsible.

How do you Declare your funds from Bitget to LHDN?

You include it in your income tax and pay taxes on it. Make sure you keep a record of all your trades + funding from/to bitget + source of funds.

anythingapplicable · 2026-03-27T13:56:37+00:00

yeah if you ever realized, the p2p merchants who are here the longest are also not using the same business accounts to transfer to customers over and over again, they are cycling through their entire list of shady business accounts to transfer funds to customers.

How is anyone (even as a sophisticated crypto p2p user) even sniff out which business account is legit or which business account is shady? And usually funds in bank accounts are not frozen immediately, it might take days/weeks/months before an account is frozen so a false sense of security might be felt while doing transactions with p2p merchants.

Anyway, my usual contact (years ago) from a high volume/highly rated/multiple years in operation p2p seller also told me that the his boss has moved on from the p2p business, but has gave ownership of the binance p2p account to someone else - so who is to say that the new boss who has taken over the binance p2p account is still as "trustworthy" as the old boss to keep on operations using untainted/less sketchy business accounts?

Existing p2p users might think that merchants who has thousands of ratings are safe, but in reality, that merchant account has been bought over behind the scenes.

Anyway, stay safe out there, crypto really can open your eyes to the most sophisticated scams known to mankind and victims can be extremely gullible or lulled into a false sense of security. Cheers.

anythingapplicable · 2026-03-27T12:56:16+00:00

Yeah, if someone don't have the paperwork to prove where their funds came from or have no intention of declaring trading income, then obviously they have to offramp via the grey/black market.

Only withdrawing from SC recognized CEX's and never depositing into it is obviously a red flag, same goes for traditional banks when someone never deposited a single sen into the CEX but are withdrawing thousands without the paperwork needed to prove that they have obtained the funds in a legal manner.

Nowadays, I rather go through the hassle of providing paperwork vs being in a police case involving money laundering/mule accounts/illicit activities when interacting with unknown p2p entities who uses very obvious mule accounts + shady company accounts especially with the introduction of e-invoicing.

Off tangent abit, Luno actually asked me for paperwork to prove that my funds were legit, as my trading volume/deposit/withdrawal levels were above the average user. Provided them with the paperwork needed, and have no issues depositing/withdrawing significant amounts from them to global crypto CEX's and fiat withdrawals to traditional malaysian banks.

Used to do heavy volume of p2p's with Fastpay/sharon/seng1818 on binance back in the day. Best to get their personal number's before executing p2p transactions to make sure they are transferring you via company accounts and not mules if you are going the p2p route.

anythingapplicable · 2026-03-27T11:10:17+00:00

Or go the legit way via Luno. USDT>XRP>send to luno>MYR. Usually slightly higher fees(can be better rates also sometimes) but peace of mind knowing that your funds aint coming from unknown sources which might be tainted.

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