8 Things You Need To Know About A Stock Market Correction
- By CompareHero.my
- May 19, 2021
One of the biggest reasons that some people prefer to stay away from stocks and invest in other assets such as government bonds and fixed deposit accounts is that the stock market is nowhere near stable. Investing in it can almost be expounded as a roller coaster ride.
Formally, a stock market correction is described as a drop of at least 10% from the previous highs. Although it might be scary and might make you sweat a little, it’s usually not a bad thing. In fact, most investors would even argue that it is a natural phenomenon. With that, let me tell you 8 things you need to know about a stock market correction.
Contents
1. Different types of decline
More often than not, with the amount of news and chatter around the stock market, proper terms get their definition diluted. You know that there are only two ways the market can go – up or down. But do you know that there are different types of selloff?
Pullback
- This is the one that you should worry about the least.
- A pullback is defined as the retracement of between 5% – 10%.
Correction
- A correction is a little more severe.
- From 10% – 20% from the prior highs.
Bear market
- A bear market refers to being down more than 20% from the peak.
- This market is over a much larger timeframe and can last longer than a pullback or a correction.
The good news is that from past history, market correction or even a bear market is proven to be much shorter-lived than a bull market. Although it might take a bear market a few years to recover, the bull market that follows will last much longer.
2. Corrections are inevitable and healthy
We all know that the stock market cannot always reach for the top right corner of our screens. If it does, it calls for even more concern in other places of our financial systems, like inflation. Ergo, at some point, where the market is up in the skies and demand dries up, the inevitable excess supply will drive the numbers across your portfolio.
But fret not, corrections are crucial for the markets to stay healthy.
This slight decline allows you, as well as other investors to buy in at a more valuable price. And when there are investors trying to buy the stock, the demand restarts and pushes the prices up even higher.
3. Corrections are short-lived
From the 36 corrections in the S&P 500, only 7 of them lasted for more than a year.
One of the reasons for this is that corrections can come quickly.
If you’ve ever made the decision to get in shape or go on a diet, you know that one day is all it really takes to wipe away weeks, if not months of your hard work. The stock market works the same.
Take a look at the S&P 500 during the COVID-19 market crash in 2020.
Screenshot taken from Yahoo Finance
It took the S&P over 4 years to get from roughly $230 up to $330 and only about 1 month for it to drop back down to $230. Of course, every situation is different but the idea is that on the bigger picture, the stock market will go up, but the corrections are going to be more violent than the rallies.
4. Volatility will be heightened
Following the previous point, the volatility index, or the VIX is known to soar to great heights during a correction.
This pivots on the fact that investors will be going through a number of different emotions. Especially for retirees who don’t have long to sit and wait for the investment to recover. Those who can take it remain invested, and many more of those who can’t take it liquidate. Causing abnormal volume in the markets.
5. It is impossible to predict
Despite being a natural phenomenon and a common scenario, not a single person in this world can predict when the market correction will happen. It is inevitable, but they are certainly unpredictable.
On top of it, there’s also no way of telling what is the cause of the stock market crash before it happens. Only after it had happened. Past events can help with the forecasting, but cannot be certain for 100%.
Will politics be the reason for the next market crash? Or will it be a natural disaster, panic among investors, or a federal reserve policy? We’ll never know.
6. It is an opportunity for long-term investors
Investors with time to spare in their lives should always view corrections, even bear markets, as an opportunity to buy shares at a “discounted price”. I say this because when the entire stock market goes down, individual stocks tend to follow this lead.
That said, this decline does not damage the company in any way shape or form. The fundamentals of the company and how the company operates is not affected by the stock price. Thus, when searching for stocks to buy or diversify, look for damaged charts, not damaged companies.
Related: #InvestInsights: What Should You Invest in During a Recession? An Expert Weighs In.
7. Consider dividend stocks
Historically, growth stocks are the ones that have led the overall stock market to reach new highs. However, they are a different set of stocks compared to dividend stocks, also known as income stocks.
Dividend stocks can give you more stability and are more reliable (although not guaranteed) in terms of paying you dividends. The predominant reason for this is that these are usually well-established corporations that have been proven to be profitable over a number of years.
What’s more, is that it can help you diversify your investments. If you can make the same amount of returns while taking on less risk, why not?
8. They do not matter in the long-run
Last but certainly not least, do know that it’s common for people to panic about a stock market correction. If it helps, you can do your research to first check if the company has proven itself to be resilient. On top of this, another thing to note that is usually, if you zoom out the overall stock market chart, it’s almost always going up.
You have to think long term if you want to reap that sweet compound interest. The shorter the time frame that you’re looking at, the more noise and volatility there will be. However, with the constant supply of money flowing into the stock markets, it will only drive the demand up in no time.
Like what you hear? If you are interested in more investing tips and tricks, check out our investing section.
Disclaimer: Neither CompareHero.my nor the content on it is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. The content on CompareHero.my is for general information purposes only and is not intended to be personalised investment advice or a solicitation for the purchase or sale of securities.
Compargo Malaysia Sdn. Bhd. and/or its affiliates cannot and do not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. CompareHero.my may receive compensation from the brands or services mentioned on this website.
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The Best Personal Finance Books For Beginners
- By CompareHero.my
- May 18, 2021
Before even thinking about improving your financial situation, you must first have financial literacy to make it better. You can take a course, get a mentor, learn it the hard way, or you can just buy a book and learn from the years of experience from that writer.
Personal finance books teach you how to break free from the nine to five rat race or living from paycheck to paycheck.
Related: 5 Tips To Stop Living Pay Cheque To Pay Cheque
While there are a plethora of books out there in the world talking about how to leverage, earn, or save more, it can be confusing as to which one of these pieces of advice can actually help you. Because of this, we’ve narrowed it down to a list of five books that even the absolute beginner can implement to better their financial situation.
Contents
1. Rich Dad Poor Dad – Robert Kiyosaki
Kiyosaki’s Rich Dad Poor Dad highlights the financial lessons he has learned in life. (Image source: MPH Online)
Of course, we cannot miss this all-time favourite book!
This book pivots on Kiyosaki’s point of view when he was a 9-year-old kid. There’s the rich dad (his best friend’s father) and was compared to the poor dad (his biological father). Kiyosaki contrasted how both dads had a different point of view about money and the opportunities that came with it.
It is written in such a simple language that even young children can easily grasp the concepts of it.
In the second half of the book, however, are some of the lessons that Kiyosaki learned as an adult and how to implement them.
The verdict on this book is that it is a huge food for thought and about how society rewards being bold enough to take action.
“It’s not how much money you make, it’s how much money you keep.” – Kiyosaki
2. The Total Money Makeover – Dave Ramsey
The host of the Dave Ramsey show offers his thoughts on debt management. (Image source: Amazon)
Most famously recognised for his financial advice radio show, Dave Ramsey offers his thoughts on how debt management plays a fundamental role in personal finances. This bestselling book teaches you how to steadily get out of debt and improve your overall financials.
The Total Money Makeover highlights seven ‘baby steps’ that everybody can implement to get back on the right track, starting an emergency fund, and saving for retirement. It really makes you think about where your money is going and how you can prevent those unnecessary leakages.
Not just this, if you’re doing all that you can but your finances just aren’t improving the way you want them to, you should definitely get this book!
3. The Psychology of Money – Morgan Housel
Morgan Housel dives into the role of the psychology of money in our lives. (Image source: Amazon)
It is undeniable that money is a tremendously huge part of our lives and what drives our actions. It’s partially why you clicked on this article as well.
Morgan Housel took this concept and delved deep into it. He took a different approach, instead of giving readers some kind of formula to follow, Housel gives us the nitty-gritty about how ego, preconceived notions, and our pride can stand in our way to financial freedom.
The premise is that doing well financially has little to do with how smart the person is and more with how a person behaves and thinks. “A genius who loses control of their emotions only needs one bad day to turn everything into a disaster,” emphasised Housel.
4. Your Money or Your Life – Joe Dominguez and Vicki Robin
Vicki Robin and Joe Dominguez partners up to talk about our relationship with money. (Image source: Kobo)
This book will hit you at your core as Dominguez and Robin anchored the premise on the typical working-class life – working long hours, being stressed, not having enough sleep and not spending enough time with family just to support a life of material possessions.
This book teaches readers how to retire early. And by retiring early, it means to reach that crossover point where one has enough income from their investments to support themselves and quit the job they hate.
It is much less about how to make money and generate more income streams. But rather, Dominiguez and Robin want us to reframe our relationship with money and align our lifestyle with what is truly important to us.
5. I Love Stocks: Your Guide to Profitable Trading – Pauline Yong
Pauline Yong teaches how to trade stocks profitably. (Image source: Alpha Academy)
It is undeniable that the stock market is one of the best places to generate wealth, whether it’s a passive or an active income. Malaysian investor Pauline Yong wanted to help the public to tap into the world of equity investing and came up with this book for people starting from 0.
Before even talking about the strategies, the indicators, and the ways to analyse a stock, one must first understand what this world is about and the jargons around it. Yong broke it down to the simplest language that even kids could understand.
Conclusion
After reading all of these books, it became even clear that it’s never really about what strategy works best to build wealth or finding the holy grail. Rather, it is about building the fundamentals.
We can only change our situation once we have the tools to do so. So stop asking what’s the best stock to invest in or the returns of the government bonds. The answer will come to you after you invest in the most important factor of all – yourself.
Want to become more financially literate? Broaden your investment and money-saving knowledge with these articles:
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5 Ways To Make Extra Money By Renting Out Unused Space
- By CompareHero.my
- May 17, 2021
Most people never considered the fact that you can turn your home into a money-generating space. You don’t need us to remind you about the benefits of generating a little bit of income so let’s show you what these money-generating spaces might look like.
- A beautiful living room
- An office space
- A spacious garage
- An unused shed
- A pool house
- A guest house
- Storage room
The possibilities are endless. If you can get creative, you can almost turn every single corner of your house into a passive-income generating machine. But before you do that, just make sure that you check with your local authorities if you’re allowed to do that.
Now let’s get into the 5 ways to make extra money by renting out unused spaces.
Contents
1. Get a housemate
Bringing on a housemate is arguably one of the most stable and lucrative income you can get by renting out this space.
Related: Using Social Media To Drive Up Your Property’s Rental
Yes, the downside is that you’ll have to share the common areas like the kitchen, the living room, and possibly the bathroom with another person. However, that is not to say that this person that you bring in is not a fun person to hang around with. The best-case scenario is getting a friend to stay with you and both of you are guaranteed to enjoy this period.
In this case, you have to remember that you’re a landlord and a housemate. If you need that money to cover the rent, you have to verify their income and history before agreeing to let them in.
2. Rent a room on Airbnb
If you don’t want to get a long-term housemate, the next best alternative is to list your space on Airbnb. The benefits are that you’ll get to meet a variety of people from different background and countries. The downside is that because this range is so huge, some people have different values and might do things more peculiarly. And as a host, you’ll still have to accommodate that.
Another thing is that once these travellers leave the space, you’ll need to clean up after them. This could be quite a chore as most travellers only stay at a place for one or two days.
If you can bear with these items, it’s also another lucrative business to be in. A survey reported that even an average host can easily earn up to RM433 per month.
3. Rent out storage space
Due to the congestion in the city, it makes storage space a luxury for most people. It has made self-storage units an expensive space to pay for. But in this era, you’re allowed to step in and undercut what these corporations are charging their customers.
All you need to do is find somebody who desperately needs some storage space and finalise the deal. That’s all. You don’t need to maintain anything whatsoever, no extra electricity or water bills, just the effort to clear out an entire room and allow your customer to fill it with their items.
4. Rent your space to a production company
Whether it is a film production or for photoshoot purposes, these production companies are always looking for somewhere fresh that they could shoot at. Your home doesn’t even have to be a mansion or at a prime location, the more unique and quirky your place is, the more likely it’s going to get selected for special projects.
The caveat of this strategy is that sometimes, it can be months until a company reaches out to you. It might be a long shot but because these production companies have budgets to spare, you’ll get compensated nicely for just a shoot that lasts for a few days. While being patient, you can always use one of the other strategies!
Related: 7 Alternative Websites To Successfully List Your Property Online
5. Host a foreign exchange student
Hosting a foreign exchange student is not for everyone as this period could range from a few weeks, up to a solid few months. It will be quite a huge commitment as you’ll be spending most of your time under the same roof. It may even require you to offer meals, private bathrooms, or even laundry services.
This method also heavily depends on the location of your property. The closer you are to a university, the better it is for the student.
It is an amazing way to learn about a new culture and a new language if you’re up to the challenge.
Related: What Is Malaysia’s Rent-To-Own (RTO) Scheme All About?
Conclusion
Bringing it all together, the two important points to consider before you open your doors to the world is first, the insurance risk. Make sure your insurance policy covers the way you’re using this space.
And second, make sure that you’re only taking on what you’re able to handle. Not everybody can handle guests from all over the world and their assortment of practices. But once you’ve accepted these considerations, you’ll be on your way to making a good amount of money consistently.
For more personal finance and property-related content, check out our latest articles here.
Related: The 5-Step Guide To Rental Investing
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Panduan Untuk Menjual Kereta Anda Di Malaysia
- By CompareHero.my
- May 12, 2021
Menjual kereta terpakai bukanlah sesuatu yang mudah. Banyak proses yang perlu dilakukan, dan kebiasaannya mengambil masa yang lama.
Adakah anda tahu proses penjualan kereta dan langkah yang anda perlu ambil untuk menarik minat pembeli? Kami berikan jawapan kepada persoalan tersebut dalam artikel ini.
Contents
Perlukah anda menggunakan khidmat ‘dealer’?
Menggunakan khidmat ‘dealer’ boleh menyenangkan urusan anda, tetapi akan menyebabkan anda berhadapan kos yang tinggi. Menjual kereta anda kepada penjual kereta mempunyai risiko lebih rendah berbanding membeli kereta daripada mereka. Namun, anda perlu bersedia untuk menerima pulangan yang lebih rendah berbanding dengan jika anda menjual kereta anda sendiri. Jumlah perbezaan boleh mencecah sehingga ribuan ringgit.
Kebaikan menggunakan khidmat ‘dealer’ ialah mereka akan tetap membeli kereta anda, walaupun keaadaan kereta bukan dalam keadaan baik. Tetapi, mereka akan menawarkan harga serendah yang mungkin untuk kereta anda. Ini kerana itu merupakan cara mereka menjana keuntungan. Jadi, jika anda ingin menjual kereta tanpa perlu perbaiki kerosakan terlebih dulu, dan tidak kisah menerima harga yang murah, anda boleh ke dealer dan dapatkan tawaran setinggi yang boleh.
Berhati-hati dengan taktik untuk mengurangkan nilai kereta anda. Pada mula, mereka mungkin akan menawarkan harga yang boleh terima untuk kereta anda. Namun, selepas proses pemeriksaan, harga tersebut boleh jatuh sehingga 50% dari harga asal yang ditawarkan. Biasanya, alasan yang digunakan ialah mereka mendapati masalah pada kereta anda, contohnya calar.
Jika anda tidak berkenan dengan harga yang terlalu rendah, anda boleh gunakan khidmat ejen atau menjual kereta anda sendiri. Ejen biasanya bergerak secara bersendirian dan tidak menyertai mana-mana ‘dealer’, tetapi mereka turut memiliki kemahiran untuk memeriksa dan menjual kereta anda. Komisyen keatas penjualan yang mereka minta juga adalah lebih rendah, menjadikan ejen sebagai alternatif yang bagus. Namun, ingat anda perlu tinggalkan kereta anda dengan ejen tersebut sementara mereka menjualnya, jadi pastikan ejen yang anda gunakan memiliki reputasi yang bagus dan boleh dipercayai.
Bagaimana untuk menjual kereta anda sendiri?
Kelebihan menjual kereta anda sendiri ialah anda akan dapat pulangan yang lebih tinggi. Namun, prosesnya agak rumit. Jika ini kali pertama anda menjual kereta, jangan risau. Berikut merupakan langkah-langkah penting untuk panduan anda:
1. Reka iklan yang menarik
Mengiklankan kereta anda di laman web ataupun surat khabar dengan huraian ringkasan dan gambar tidak mencukupi. Anda perlu kreatif dengan pengiklanan anda untuk menarik pembeli dan memastikan kereta anda lebih menonjol berbanding kereta lain yang diiklankan.
Pastikan huraian kereta anda terperinci, termasuklah dengan gambar berkualiti tinggi. Jika dibenarkan, muat naik video untuk berikan gambaran spesifikasi kereta anda. Ini boleh menjadi kunci untuk menarik minat bakal pembeli.
ELAKKAN dari menggunakan perkataan yang sering digunakan penjual lain seperti ‘tip-top condition’. Susah untuk menarik pembeli jika pendekatan anda sama dengan yang lain. Jika anda menggunakan laman web Mudah.my, beli servis premium laman web tersebut untuk memastikan iklan anda sentiasa di atas senarai.
2. Tentukan harga yang betul
Tahukah anda nilai sebenar kereta anda? Hanya membuat perbandingan dengan kereta lain melalui model dan tahun pengeluaran yang sama tidak mencukupi. Ini kerana, setiap kereta tidak mempunyai keadaan yang sama (bergantung kepada cara pemanduan pemilik kereta). Meletakkan harga permulaan yang mahal untuk mengelakkan kerugian ketika tawar-menawar juga tidak bijak.
Apa yang anda boleh buat ialah kaji dan bandingkan harga pasaran. Gunakan laman web seperti Carlist.my, Motor Trader dan oto.my untuk membantu anda. Iklankan harga yang paling hampir dengan harga terakhir yang anda ingin. Anda juga boleh gunakan laman web Carreviewsncare untuk mendapatkan tips menaiktaraf kereta anda, sekaligus menambah harga jualan.
Tip: Kadar harga sebelum musim perayaan (Tahun Baru, Tahun Baru Cina dan Hari Raya) selalunya lebih mahal berbanding tempoh biasa, dengan pertambahan permintaan orang yang ingin menukar kereta baru sebelum pulang ke kampung.
3. Selenggara kereta anda
Perkara yang kerapkali diabaikan oleh pemilik yang ingin menjual kereta mereka. Jujurnya, hampir 100% pembeli tidak berminat untuk membeli kereta yang keadaannya tidak semenggah. Boleh dikatakan penyelenggaraan kereta anad merupakan aspek paling penting untuk mencari pembeli.
Berbelanjalah sedikit untuk menservis kereta anda (terutamanya pada penghawa dingin), membasuh kereta, menukar tayar, dan juga perkara lain yang kelihatan remeh seperti tingkap, membaiki calar dan kemek, keretakan, dan juga cermin. Utamakan bahagian luar kerana itu menjadi perhatian bakal pembeli sebelum hal lain. Malah, kereta dalam keadaan baik cantik akan lebih mudah untuk dijual pada harga yang mahal.
4. Pandangan pertama itu penting
Apabila bakal pembeli ingin berjumpa, pastikan anda berikan pandangan pertama yang positif. Pemilik kereta perlu teliti dalam hal ini, terutama jika ingin berjumpa bakal pembeli yang ingin membuat pandu-uji. Basuh kereta anda sebelum tarikh yang dijanjikan dan sediakan dokumen yang diperlukan seperti rekod servis kereta, resit pembaikian dan juga salinan pendaftaran kereta dari JPJ untuk meyakinkan bakal pembeli.
Anda juga dinasihatkan untuk membawa teman (ahli keluarga atau rakan) dan lakukan perjumpaan di kawasan terbuka untuk mengelakkan keadaan yang tidak diingini berlaku.
5. Tawar-menawar
Ini merupakan aspek paling penting semasa menjual kereta anda. Tambah lagi dengan budaya kita yang gemar untuk tawar-menawar harga dan meminta diskaun, terutamanya untuk sesuatu dengan harga ribuan ringgit seperti ini.
Pertama, tentukan bagaimana bakal pembeli kereta anda akan membuat bayaran, sama ada tunai ataupun melalui pinjaman bank. Bayaran tunai biasanya lebih pantas dan mudah, kerana pemohon pinjaman kereta perlu melalui pelbagai proses untuk memastikan pinjaman mereka diluluskan.
Jika anda berhasrat untuk memberikan diskaun atau harga istimewa, keutamaan sepatutnya diberikan kepada bakal pembeli yang membayar dengan tunai. Setelah mencapai persetujuan harga, tetapkan jumlah deposit yang perlu dibuat oleh bakal pembeli. Biasanya, jumlah deposit ialah sekitar RM 500, tetapi bergantung kepada kepentingan anda, asalkan tidak terlalu tinggi (nanti bakal pembeli anda lari!).Tahniah, kini kereta anda telah mempunyai pembeli!
6. Pemeriksaan PUSPAKOM dan rekod saman
Sebelum anda boleh membuat urusan penukaran hak milik, anda perlu membawa kereta tersebut ke pusat PUSPAKOM terdekat untuk tujuan pemeriksaan. Pergi awal pagi jika boleh untuk mengelakkan kesibukan. Ingat, jika kereta anda memeliki cermin gelap (tinted), tanggalkannya terlebih dahulu sebelum pemeriksaan.
Kos pemeriksaan PUSPAKOM ialah sekitar RM30 (RM 60 jika pembeli anda menggunakan pinjaman bank). Jangan lupa untuk bawa bersama kad pemeriksaan JPJ anda. Selepas itu, PUSPAKOM akan menyerahkan sijil pengesahan bahawa kereta anda layak untuk ditukar hakmilik. JANGAN hilangkan sijil ini kerana anda perlukannya sewaktu proses penukaran hakmilik di JPJ nanti.
Anda juga perlu memeriksa status saman dibawah nombor pendaftaran kereta anda. ini kerana anda tidak boleh mempertanggungjawabkan saman itu kepada pembeli kereta anda. Status saman tersebut boleh diperiksa di laman web ini (untuk saman JPJ) dan ini (untuk PDRM). Anda juga boleh memeriksa status saman melalui SMS. Untuk JPJ, taip JPJ SAMAN (No. IC atau pendaftaran kereta) dan hantarkan ke 15888. Bagi saman polis pula, taip POLIS SAMAN (No. IC atau pendaftaran kereta) dan hantarkan ke 15888.
7. Penukaran hak milik
Ini merupakan langkah terakhir proses penjualan kereta anda. Sebelum itu, jika pembeli membuat bayaran tunai, pastikan bayaran telah dibuat terlebih dahulu, samada melalui pindahan akaun atau cek bank. (Kami nasihatkan anda tidak menerima cek peribadi atas sebab keselamatan).
Pergi ke pejabat JPJ untuk urusan penukaran hak milik selepas bayaran tersebut dibuat. Bawa bersama kad pendaftaran kereta yang asal serta IC anda. Manakal pembeli kereta pula perlu membeli insurans kereta terlebih dahulu. Jika dia menggunakan pinjaman, jumlah insurans tersebut perluah sekurang-kurangnya 90% dari nilai kereta tersebut.
Selepas mengisi borang yang diperlukan, pembeli kereta anda perlu membayar RM 100 sebagai bayaran pindahan. Nama pembeli akan didaftarkan di kad pendaftaran kereta selaku pemilik baru. Tahniah, kereta anda telah dijual!
Baca juga: Cara Untuk Memperbaharui Insurans Kereta Dan Road Tax Anda Di Malaysia
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10 Affordable Local Skincare Brands You Should Try
- By CompareHero.my
Everyone wants to have good and clear skin, be it men and women. Taking care of our skin is more than just about boosting self-confidence, it’s a practice of maintaining a healthy lifestyle for the largest organ in our body.
If you’re a skincare freak, you’ve probably already known how much skincare products can cost you. From high-end to affordable brands, some may and may not work on your skin. Beauty is pain expensive, but you really don’t have to go broke to have beautiful skin with the local brands we listed below.
Buying beauty products can be tricky as there are many promising options you can find. The most basic tip is to do your own research. You can get overwhelmed by the number of brands, but in this article, we are going to focus on the ones that are made in Malaysia by Malaysians.
Note that these brands destigmatise local brands that were once deemed harmful, or infamously known as timbang kilo. Many Malaysians have given positive reviews and feedback on the internet. Here are 10 affordable local skincare brands that are worth trying:
Contents
1. Kayman Beauty
View this post on Instagram
Founded in 2017, Kayman Beauty aims to inspire confidence in local beauty products made locally in Malaysia. The formulations used are produced from scratch and created to cater to Malaysian skin and climate.
Although their products are not entirely focused on organic or all-natural formulas, they use high concentrations of natural ingredients based on scientific research of what ingredients are best for the skin. The ingredients they avoid include synthetic colouring, synthetic fragrances and denatured alcohol. And most importantly, the products are cruelty-free.
Price: From RM13.50
Products: Facial cleanser, cleansing wipes, essence, serum, sheet mask, moisturiser
2. JELITÅ.KL
View this post on Instagram
JELITÅ.KL was founded in 2016 by selling off chia seeds and handcrafted skincare products, one of them including their best-selling Saffron Mist. In 2020, they started doing mass production on the product and reintroduced it as Premium Saffron Toner.
They formulate their products regardless of their natural or synthetic status as long as they are safe to use and cruelty free.
Price: From RM15
Products: Clay mask, toner
3. ZarZou Beauty
View this post on Instagram
ZarZou Beauty was established in 2019 with its first product, Brightening and Hydrating Facial Serum (BHS). Their ingredients used in their products are safe to the skin and meet the skincare product market standards.
BHS is great serum for brightening and hydrating as it will help to fade out acne scars and hyperpigmentation. It also firms the skin by delivering all day hydration and helps soothe the skin.
Price: From RM35
Products: Serum, facial mist
4. Mimpimika
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Mimpimika was established in 2016 with its mission to spread awareness on clean and healthy skincare to the general public in Malaysia. Their products are formulated to suit all skin types and tones with quality ingredients that are suitable for the skin.
Price: From RM23
Products: Facial cleanser, toner, serum
5. Alluskin
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Alluskin is founded by a former medical doctor whose passion grew towards entrepreneurship and skincare. The brand strives to formulate safe and effective skincare products for problematic, acne-prone and sensitive skin.
Price: From RM25
Products: Facial cleanser, toner / mist, serum / essence, moisturiser
6. yello
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Yello Skincare was established in 2016 by a founder who managed to clear up her own skin problems with a powerful ingredient: root-turmeric. This inspired her to produce handcrafted products based on oatmeal and turmeric to help those who are struggling with acne.
Yello has gone through a manufacturing journey and clinical studies to ensure the products they formulate are on the best and safety standards. Their products are created to cater for all skin types, ranging from normal, oily, dry, combination to sensitive skin.
Price: From RM35
Products: Oatmeal turmeric mask, brightening serum
7. SKINEATS
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SKINEATS first released solutions for dry, chapped and sensitive lips. As they grew, they decided to share and expand their products by finding the best natural remedies in everyday essentials.
They advocate to only formulate their products with natural, fine and luxurious ingredients; all naturally produced and not tested on animals. Their natural and safe ingredients have led to receiving tremendous positive feedback from customers.
Price: From RM25
Products: Lip balm, lip polish, purifying clay mask, revitalizing clay mask
8. Nature’s Palette
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Nature’s Palette was founded in 2017 by starting their skincare venture in handcrafting various face scrubs, body scrubs and face mists. Their products are fragrance-free and cruelty-free, formulated with only the finest ingredients.
Price: From RM37
Products: Essence, facial cleanser
9. Daughters of Malaya
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Daughters of Malaya started its business in 2019 by selling three handmade cleansing balms. As the demand rose, the productions increased and expanded to marketing various other skincare products including cleanser and moisturiser.
Price: From RM37
Products: Cleansing oil, cleansing gel, moisturiser
10. Bougas Beauty
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Bougas Beauty was established in 2017 based on its belief in producing quality skin care products that tackles the concerns of Asian’s skin. They strive to cease the judgement on local products and be alongside international brands.
Price: From RM49
Products: Face scrub, sunscreen, moisturiser, facial cleanser, toner, serum
Earn rewards while shopping for your new skincare products
Did you know that you can get most of the products above online? Take the opportunity to earn more rewards and cashback while purchasing your products with these rewarding credit cards:
Standard Chartered Smart Credit Card
Features:
- 30% Cashback for e-commerce spend on Lazada, Shopee, Touch’ N Go eWallet, Boost, GrabPay, Boost, Taobao, FavePay, and Zalora
- 6% Cashback for digital lifestyle spend at Netflix, Spotify, PlayStation, Steam, Astro, Joox, iQIYI
- 30% dining cashback and up to 20% off at participating restaurants
- 20% discount for online shopping at online stores: Lazada, PrestoMall, Shopee, Superbuy, Zalora
CIMB e Credit Card
Features:
- 12x Bonus Points with featured partners + EDay Deals [every 10th of the month]
- 10x Bonus Points on online shopping, e-wallet, auto-billing, and in-store contactless payments on eDay [every 10th of the month]
- 5x Bonus Points on every online shopping, e-wallet and auto-billing payments on every other day
- 1x bonus points on in-store PIN purchase and other transactions every day
Lazada Citi Platinum Card
Features:
- 10X Citi Rewards Points for Lazada (including Lazada Wallet) spend
- 5X Citi Rewards Points on online & lifestyle category spends
- 1X and Monthly Bonus Citi Rewards points on petrol and all other spends
- 1,000 bonus Citi Rewards Points with min. RM1,500 monthly spend
- Offset Lazada Spend via Citi Rewards Points
- 3 Years Annual Fee Waiver
Know your skin type and most importantly, do a patch test
Consider trying one of the above skincare products? If yes, you must first know your skin type whether it’s oily, dry, combination or sensitive. Most of the brands we listed above fit for all skin types but be sure to do a patch test to make sure the product blends well with your skin.
