Friday, September 18, 2020

Orenchi Launderette Referral Code - szvmsge

  5:39 PM      PropFessor

While I have a washing machine in my house, I don't have a dryer. Sometimes when I need to get my clothes/laundry done fast I will visit automated laundry nearby.  

Recently I stumbled upon this new launderette called Orenchi. I first notice the place was the shiny machines and newly renovated shops. What separates Orenchi from the other launderettes is that it can be operated fully automatically via handphone app. 

You just have to sign up to the app and from the app you can scan the QRcode on the washing machine and dryer to operate the machine. You just have to top up money into your Orenchi wallet using Bank Transfer FPX, ewallet or credit card. Say goodbye to changing notes with washing tokens. The whole wash experience can be done via your smart phone.



The second thing I like about the app also is top ups can be done using ewallets like BoostPay and TnG ewallet besides the usual bank FPX and credit cards. The app is very easy to use and quite intuitive.

The only complain I have so far the Orenchi branch which I went did not display how to connect to their Wifi hotspot even though it mentioned that Wifi is free.  Other than that no complain as the whole setup is quite shiny new.



If you're interested in testing Orenchi launderette, you can use my referral code szvmsge. You will get RM5 credits upon sign up. The company is also open for franchises opportunities but I do not have much of the details so I'm not able to comment much here.

The branch in Orenchi branch which I tested out in Cyberjaya is located at Neo Cyberjaya.  -> H-G, 53A, Biz Avenue 2, Neocyber, Lingkaran Cyber Point Barat. You can check out their website 

to find out where the other outlets are. I'm not listing it here yet because it's a new company so the 

branches will keep changing all the time.

Orenchi has other branches around the Klang Valley (Selangor, Kuala Lumpur) but I've not personally been there before.


🔗Links

http://www.orenchi.asia/

https://www.facebook.com/pocketdobi/

📜Ads

I am micro-investing with Raiz roboadvisor where you can easily invest your spare (in PNB variable rate funds) change in your Maybank account. If you join using this link, we will both get RM5 when you use my invite code: https://links.raiz.com.my/aTYk

Monday, September 7, 2020

Raiz Invest Malaysia Referral - get RM5 after topping up just RM10 from your Maybank Account

  12:49 PM      PropFessor

"Sikit sikit lama lama jadi bukit"

Raiz Invest Malaysia is organizing a friend/buddy referral campaign. Each of us get RM5 after topping up just RM5 from your Maybank Account into Raiz Invest. The robo advisor (Raiz Invest) taps into PNB (Permodalan Nasional Berhad)'s variable rate/price funds. This means you get RM10 just putting in RM5. A major prerequisite for signing up is you need to have a Maybank account with a debit card (ATM card). 

(💡 Update: This campaign has ended on 30/9/2020 and the reward of RM10 has been reduce to RM5 if you use my referral)

Raiz Invest is a micro savings and miro investing robo advisor app. 

All Raiz investment portfolios are investing in unit trust funds managed by Amanah Saham Nasional Berhad (ASNB), a wholly-owned subsidiary company of Permodalan Nasional Berhad (PNB).

I wrote an earlier article (detailed) about the Raiz Invest robo advisor app:

https://propfessor.blogspot.com/2020/06/raiz-invest-fomerly-acorns-malaysia.html

The blog post details about - 

  1. Introduction to Raiz Invest
  2. How I'm using Raiz Invest in my financial freedom journey ❤️
  3. Why use Raiz Invest ❓
  4. My Raiz Invest setup

🔗👉My Raiz Invest robo advisor Referral Link is as below:

https://app.raiz.com.my/invite/4VZ2E3



I've compiled a table listing the % percentage of management fees you would be paying if you invested below RM6,000. Under RM6,000, your management fee is RM1.50 per month which turns out to be RM18 per year already. You will notice you are paying higher management fees at investments less than RM6,000.  

The management fees below 1% is quite low as compared to what mutual fund/unit trust companies charges which are in excess of 1% (around 1.5%) depending on the fund type. Do note that while at 0.3%, the management fees charged is the lowest of all robo advisors in the market (eg Stashaway, Wahed Invest, MyTheo, Akkru), it's investment instrument is PNB variable price funds which is actually unit trust funds that incurs its own management cost while the typical robo advisor's investment instrument is low cost ETFs. Having said that low cost ETFs also have their own risks particularly those US denominated ETFs where you have an additional forex risk (eg changes in RM/USD exchange rates) and US investment related laws like dividend withholding tax.

What I would want to highlight on is do not put in below RM1,000 as the management fees will be very high and erode your principle investments. In theory you can start with just an investment of RM5, however, after month 2, what you have left in your account will be RM2 only because there is management charges of RM3 (RM1.50+RM1.50).



Why Raiz Invest ?
  1. Use it like a digital savings for pocket money but start with big initial investments (~RM1,000-RM2,000) because the management fees is very expensive if you start with a small initial investment. 
  2. You believe in the strength and potential in the Malaysian Stock Market (KLCI now only a 1,500 points range and is at a historically low level)


The management fees comparison between various robo advisors in Malaysia : 

Wahed Invest :
0.8% p.a. fees for RM100 – RM499K
0.4% p.a. fees for RM500K and above

Stashway :
0.8% p.a fees for RM 50K
0.7% p.a fees for RM 50K to RM 100K 

MyTheo :
1.% p.a fees for RM 30K 
0.9% p.a fees for RM 30k to RM 100K

👉Raiz Invest *note - behind is buying PNB unit trusts
0.0.25% p.a above RM 6K

Akru (2020 Made in Malaysia robo advisor)
0.7% fess for RM100K

FSMOne Managed Portfolio :
1% p.a fees
1.25% sales fees

The returns on PNB variable rate/price funds so far (Sept 2020) from Raiz Invest Malaysia's email newsletter are as below :


Just in 1 month, more than 1 million ringgit is being input to be managed.

 📱Support Number :
help@raiz.com.my
+603 2714 6114
👉 I did a video explaining Raiz Invest here : 








Upgrade car's (Proton Inspira) suspension to coilover kit from BS Racing Taiwan

  12:46 PM      PropFessor

Recently after I changed tyres on my car (Proton Inspira aka Mitsubishi Lancer) and the tyre shop mechanic informed me that my car’s suspension was wrecked. The mechanic did a bounce test and it was found that the car bounced a bit.



I decided it was time to change to a sports suspension just for the sake of testing as I’ve heard that sports suspension are more stable but will cause more bumpiness.

I did an internet search for workshops and was found a chain performance parts shop called Kaki Motor in Cyberjaya.  Kaki Motor is located at Autoville Cyberjaya. Autoville Cyberjaya is one of the very rare industrial area in Cyberjaya, I notice a lot of car related workshops in Autoville.

The sales personnel introduced me to BS Racing coilovers which costs me RM2,400 for all 4 units. BS Racing coilovers comes from Taiwan and is priced quite reasonable compared to other coilovers like Kayaba, Tein and HKS. The price of the coilovers includes installation services and 1 time return for retuning. Coilovers are basically like adjustable suspension that comes with sports spring.

After installation of the coilovers, my car felt more bumpy a bit but it also felt more stable whether on straight road or cornering. My tuning was medium hard and medium height (slightly lower than stock suspension). Overall I was quite satisfied with the BS racing coilovers.

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