Hello Mooers!
I would like to share some financial assets that are on my watchlist and/or in my portfolio and, at the same time, would like to hear from your comments and opinions.
With many mentioning that a rate cut may happen, probably within the next 12 months, my plan would be to invest in the following:
High-yield bonds
Crypto
REITs
Small-cap stocks
Let me go through eac...

Did you know? In addition to investment and finance, I used to be a drummer and even played in a band. As long as I was with a group of friends, I would do whatever I wanted, very passionate and full of youth. At that time, we participated in a band competition and without hesitation, rented a very expensive practice space. If I remember correctly, it was about RM150 each time (that's RM150 10 years ago). I was just a student at the time, I did odd jobs but didn't make much money. So I had to work especially hard during practice, after all, every minute was the price of a KFC meal! Unfortunately, the competition results did not match our efforts. We only got fourth place... and there were only 5 groups participating in the competition... 'Wow, this must be a conspiracy!' Honestly, I also wanted to admit... but we lost because of the lead singer. I don't want to blame others, but that's just how the competition works - the lead singer's score accounted for 80% of the total. At that time, I witnessed the power of the 80/20 rule for the first time. That's why in a 5-member band, there can only ever be one lead singer standing in the most prominent position. The group that got first place, apart from having superior skills, their lead singer's appearance and style were also very attractive. That's why even though the other band members' performance was not outstanding, they were able to score higher overall than us. Looking back on this, I realized, '#It's more important to be with the right people than to do the right thing.' Let's talk about work, in any organization, there is always a superior-subordinate relationship. The kind of person the leader is is important, because they can determine your career. Especially for newcomers who have just entered the workforce, they are usually in a state of confusion. If today you find the right role model, willing to teach you attentively and provide resources, you will definitely grow faster than others who entered at the same time. At that point, your life will be about climbing several steps in a year, rather than taking years to climb one step. But if they are not that kind of person, you might need to put in much more effort. The right boss can turn your hard work into money, while the wrong boss will turn your money into hard work. After saying so much, so how do you find the right person? My answer is: switch. If you find that you can't achieve quality growth, that achievements are credited to the leader, and problems are blamed on the subordinates, then you should leave quickly. '#Falling into the water today, #isn't really scary. #What's scary is not taking action, #not escaping. Only by finding the right direction can you go further. Only by being with the right person can you become better. Only by becoming a better version of yourself can you become someone else's 'right person' in the future.

Have you heard my story of earning over a million dollars a month?
If you haven't heard it yet, don't worry. I'll share it here first. I earned more than ten thousand dollars a month, not through investments.
I earned more than ten thousand dollars a month through hard work.
The first time I saw a figure of ten thousand was when I quit my first job and got a freelance job from the company.
At that time, I was earning about RM9,000+ a month.
In addition, I also have a part-time insurance job at the same time, which adds up to over ten thousand.
And now that I have a company, I have a monthly income of over a million.
I often share this story with young people, hoping to help them get rid of the misconception that they can get rich through investments.
Working hard and accumulating capital before investing is the real truth.
However, I suddenly discovered a loophole.
That is, can young people replicate what I have done after listening to my story? Can they plan ahead after listening to it?
I don't think so because the money I earned was unexpected.
At first, this outsourcing salary was not part of my plan. I didn't even know they would offer me an outsourcing job after I left.
Later, I found out that it was not just the money from this outsourcing.
The money I earned from doing YouTube and the subsequent fame I gained from making videos were not part of my plan.
My original intention for doing YouTube was simply because I didn't want to repeatedly explain the same financial investment knowledge to people around me.
"If you fail to plan, you are planning to fail." - Benjamin Franklin.

I have to tell you, I recently discovered something very magical.
I have a colleague who, after receiving a large year-end bonus last year, found himself in the happy dilemma of having a lot of money in hand but not knowing how to spend it.
Before you start yelling, let me continue.
The issue bothering this colleague is that he doesn't have specific places to spend the money.
Because his family education has always taught him to be frugal, the thinking of "#Don't buy if not necessary, #Don't replace if not broken" is deeply ingrained.
Keeping money in the bank makes him worry about inflation; keeping it on hand makes him worry about robbery; he doesn't usually drive or play cars, so he naturally has no desire to buy a car; he wants to buy a house, but finding a good place for a house is very troublesome... After talking to him, I learned that some people find it annoying to have too much money. Why not just spend it?
Do you also think this is amazing? Isn't spending money supposed to be super easy?
However, I want to ask you, are you really sure you know how to spend money?
If you win the lottery today and suddenly get 1 million Malaysian ringgit overnight, do you know how to spend this money?
You must be thinking, 'Of course I know how to spend it! Just use this 1 million to buy a car, buy a house, why think so much?'
But by doing this, does your standard of living improve? It's at most just adding another room/a car. Why don't you think about replacing your home stereo with B&W speakers? (Believe me, the sound quality is really amazing)
Why don't you think about not buying unnecessary luxury goods? Instead, invest in education, books, or travel. These will bring you more meaningful experiences.