Fundaztic: Review of Malaysia’s Budding P2P Lender

I recently signed up for yet another investing alternative platform called Fundaztic. They just only went live in July 2017 and needless to say I promptly signed up to test it out.

Fundaztic is one the 6 companies granted license by Securities Commission of Malaysia to conduct peer-to-peer financing in the country. They aim to achieve funding goal of RM40 million in their first year of operation, and made their debut with 5 investment notes available for investors with total funding amount of RM530k.

The company is founded by former executives in the banking industry and a lawyer with a combined 50 years of experience in finance, law and technology, with a startup capital of RM5 million.

At first glance Fundaztic’s website has a minimalist look and one could be forgiven for thinking that they lack the appropriate robustness required for a company involved in finance. However the more I use the site, the more I find it pleasing and easy to navigate. Signup was a breeze too – just send the required documents and your account should be approved without a hitch.

My experience with Fundaztic

From my experience so far, Fundaztic’s investment opportunities are pretty decent. They differ from Funding Society from the way they present the available notes to invest in. Each investment opportunity is given a grade according to the risks involved. The higher the risk, the lower the grade, similar to how bonds are graded. Needless to say the higher grade investments were funded pretty quickly so I missed the boat, so to say.

fundaztic p2p
Investments are graded according to risk profile of the businesses

Fundaztic has an app now and this makes it so much easier to check all your investments and funded notes and participate in new note releases. This is definitely a positive development and puts it on par with Funding Societies.

Rest assured, they do have many investing notes that they update regularly. Every Friday the company has what they call the Friday Funday when the investment notes would be put up for investors to take part in.

The company has only funded less than RM1.37 million in loans since launching (compared to Funding Society’s whopping RM200 million). Yet I believe Fundaztic’s best days are yet to come. As of September 2017 the platform boasts around 1500 active investors with RM252k paid out in profits to members so far. That is a pretty impressive feat to achieve in 2 months.

Fundaztic Returns on Investment

Needless to say, the money I put into Fundaztic has earned me quite a handsome return, and compared to the FD rates you get from banks, this is a no-brainer.

The dashboard has a nifty tool that allows you to have a quick glance at your current portfolio. According to their calculation, my investment has generated returns in excess of 24% which is astounding. Do bear in mind though that all investments carry a risk but I am relieved to say that so far none of my investments were defaulted.

In conclusion, Fundaztic remains one of my favourite P2P platforms so far and would highly recommend anyone looking for alternative investments to start grabbing a slice of the SME funding pie.

Click here to check out Fundaztic and start generating extra income! 

 

 

Funding Societies Malaysia: A review of Malaysia’s first P2P lending platform

Funding Societies was launched in February 2017 and is the first regulated P2P lending platform in Malaysia. Malaysia is the first country in ASEAN to regulate P2P financing.

funding societies logoI first came across this company on Facebook and signed up without giving much thought about it. It was one of those spontaneous moments when I instinctively make decisions; plus I am always ever curious about novel ways to make money and invest.

Funding Societies offers business term financing for SMEs and in a sense functions as an alternative platform for companies to raise funds for capital expenditure. In laymen terms, new companies always need funds to build up their business and going through the traditional route, i.e. banks, might be difficult for some of these companies.

It was only after a few months of signing up with Funding Societies did I finally decided to complete the registration and fund my account. The registration process was slightly tedious but not difficult – just follow the instructions given. It involves filling up some forms and scanning and mailing the hard copy of the forms back to them. My account was approved within 2 days.

After your account is approved, you may login and see all the available investment deals for you to invest in.

Update 22/4/2018: This was how the dashboard looked like previously:

funding societies

The company has rolled out new updates recently and the interface is much slicker and conveys more useful information.

If you click on the Portfolio tab, you can get a quick overview of your ongoing investments:

You can get a quick estimate of your monthly cashflow:

Below, one can see the complete list of the completed as well as ongoing investments:

Conclusion

Funding Societies has given me good returns and all my investments are being paid on time so far. I have no issue with the platform and would highly recommend it as one of the top P2P platforms to park your money.

Click here if you’d like to see it for yourself!

Hospital food chain

House officers are quite literally on the bottom of the hospital food chain.

There are at the consultants and head of departments, the gods of medicine whose mere presence makes everyone scuttle. Pray they won’t ask you questions during ward rounds.

Then there are the specialists who supervise the show in the ward. The ones who make important life or death decisions, the tough clinical judgements.

Then there are the registrars whom we look up to, who are training to become the next generation of specialists, those that the MO’s turn to for guidance.

Then there are the MO’s, those that actually run the show, those that we depend on for our daily instructions.

Then there are the staff nurses, without whom the ward will totally come to a standstill. They are the ones who actually administer medicines, who nurse the patients back to health, who provide tender care to the sick people in need of human touch.

Then there are the JM (jururawat masyarakat) whose job scope I’m still trying to figure out. lol. They help take vital sign measurements, collect blood products, escort patients if needed.

There are the PPK (pembantu perawatan kesihatan) who are vital to ensure smooth running of the wards. They deliver food, send whatever documents need to be sent, collect whatever stuff needs to be collected. They are basically the messengers of the hospital.

And don’t forget the radiographers, the technicians, the cleaners.

So where does a house officer fit in?

Right at the bottom of the food chain.

We are no one.

We work. We get up at 5am and toil until evening everyday. We get screamed at for no reason and swallow our pride, even when the person screaming is not our direct superior. We take the scolding for mistakes we did or did not do (doesn’t matter, it’s always our fault). We try to get a little better everyday.

We are there when the post operation old gentleman needs a little help ambulating. We listen when the old grandmother cries in the middle of the night because her son didn’t visit her that day. We make travel arrangements to make sure the patient from some rural village gets to reach home and not get stranded in the middle of the jungle somewhere. All the while not expecting to get praised for it. Because that’s our job, and everyone expects us to do it.

When the truth sinks in, when you realise medicine is actually more of a lifelong calling and that everyone started off being nobody, that’s when you accept being at the bottom of the food chain isn’t so bad.

Besides, it’s only for 2 years right?

I still wanna quit clinical medicine though. Hahahaha.

Housemanship rants: settle your own shit

It’s no secret that housemen work their asses off doing what we call ‘joblists’ and scurrying around like rats frantically trying to complete what has been planned for the patients before their superiors do their rounds, day in and day out.

Sometimes, one would come across something a task in the joblist that was planned the day before or the shift before that hasn’t been done, and when that happens, one can be forgiven for grumbling and silently cursing the previous HO who didn’t do it. It’s what I call leaving your shit to other people.

Why does uncompleted joblists evoke such a big emotional response? Because the HO in charge for the day would face the consequence even if he or she know nothing about the plan for the patient the day before. No such thing as “not my patient” or “I didn’t review the patient yesterday”. Because ultimately every patient is your patient. So if something wasn’t done, and you have the luck to be the one who’s taking care of said patient, then be prepared to either pull a Superman stunt to do it before rounds or swallow the wrath of the MO’s or specialists.

“Why wasn’t it done?”

Why indeed.

Never mind the fact that we are humans and we can’t duplicate ourselves.

Fact is, leaving shits to other people is a daily occurrence. I have been guilty of it, and I have also been at the receiving end of it. Most of the time I would just do it and not complain. Why? Because why bother getting yourself worked up over something that would take your two or three minutes to settle rather than confront others.

Granted, there are certain species that regularly leave behind nasty excrements for others to clean up, and these people deserve the scolding.

I recently got to know that FY house officers in UK can just handover whatever is left in their joblist to the next shift and go home.

Wow.

Maybe it’s because UK people are generally nicer. Or the fact that its way easier to do things there, everything is computerised etc.

It doesn’t work that way here unfortunately. We still have to send bloods manually by walking to the lab 3 mins away, and trace the results manually ourselves via the only computer and take photos of the result through a glass screen like some kind of Paleolithic age cavemen (at least that’s how it is in SGH).

And whatever happened during your shift, you have to complete everything, even if it means staying beyond your working hours. Never mind the fact that we don’t get overtime pay.

It’s manageable if you have good rapport and have a deep sense of teamwork. When you have teammates or friends that understand you’re exhausted, and they cast the yoke upon themselves and pull the weight together with you, facing the shitstorm together – when it happens, housemanship becomes something quite enjoyable. All because you have friends that do understand what you’re going through, and you’re not alone.

But when you’re working with selfish people who grumble or disappear for no reason and you’re left all alone to settle all the pending jobs, and at the same time getting scolded for not getting things done fast enough, that’s when your morale would drop like a stone, and going to work feels like torture. I’ve been there and it’s not a nice feeling.

Housemanship is a tortuous journey. Everyone is tired. Everyone makes mistakes. Everyone leaves shit for others. But it would be slightly more bearable if everyone sacrifices just a little bit to help their fellow colleagues. Teamwork is key. Life wouldn’t suddenly be a bed of roses, but it wouldn’t suck that bad either.

Housemanship Experience – Part One

So you might ask, hey, how it’s like being a houseman? Well, I’ll try my best to summarise my experience working here for the past 1 year.

Obstetrics and gynaecology

I started off in O&G. Anybody who’s done O&G as their first posting will tell you that it’s a killer department and many got extended. Imagine being new to this whole field, not knowing how to function and suddenly you’re handling not just one but two lives (the baby and the mother). In the first week I dreaded going to work everyday, and sometimes I’d wake up in the middle of the night in cold sweat, heart racing, frantically trying to remember where I was.

The palpitations were the worst. It’s just sort of a background noise, the subtle sense that something is wrong, and I’d be nervously thinking what did I miss during the day. Truth be told, I broke down within 2 weeks of tagging and seriously considered quitting. But I couldn’t quit, so I soldiered on with the support of my family.

I’ve had my fair share of screaming, scolding, berating from the medical officers. Granted, they were trying to hammer the finer art of OBGYN into me. But it’s definitely not a good feeling when you get shouted profanities at by your medical officer, or being chased out from the cubicle for not being able to write entries in the case notes. I was so clueless back then. One also had to learn through errors and mistakes especially when it comes to assisting the surgeon in the operating theatre. They don’t teach you that in medical school.

Oh AND to top it off, there’s the KKM logbook to fill and our hospital’s O&G department required us to perform a caesarean section under supervision in order to pass the posting. So yeah. Definitely was interesting, but nerve-wrecking.

Miraculously I survived.

Medical

So off I went to my second posting. Medical department is where one learns the art of managing basic medical conditions with the hope that housemen would be able to handle patients safely once they’re on their own, or at least that’s the hope. Truth be told I was still pretty clueless and I didn’t know why certain things were done that way or why certain investigations were ordered. In hindsight, I should’ve asked more.

It was a very hectic department with seemingly endless joblist, and you’d be so busy doing the tasks that there’s not much time left to actually learn how to manage patients. Time were mostly spent doing mundane things like drawing blood, sending bloods, tracing said blood results, requesting imaging like ultrasound, referring cases for interdepartmental consults and so on.

All this probably led to me being more efficient in prioritising importance of tasks and forced me to manage time well. Plus, MO’s are very nice in general, so though the workload is high, it wasn’t that stressful, unless when you’re oncall at night and things could go wrong, which it did in my case. That’s story for another time.

Orthopaedics

Orthopaedics is supposed to be a way more relaxed department, or so everyone says. It was, in a way, except for the fact that we have a slightly, erm, stricter HOD and things can get tense during morning handovers.

Otherwise, there’s actually less joblists to do in the wards, and we get rotated to the emergency department to handle all new orthopaedics referrals. That means having the chance to play around with plaster of paris, applying casts or backslabs ourselves and getting the chance to do manual reduction of fractures in the ETD. For those who are more keen to do things with their hands, orthopaedics would be a very nice place.

By this point in time, third posters were expected to be more functional, and of course you’d get screwed badly too if things don’t go smoothly in the wards. That being said, by the third posting everyone who’s still surviving HOship would’ve developed a unique ability to remain poker-faced, nodding and apologising robotically despite the most vicious remarks by the superiors.

Oh and of course you’d have the chance to enter OT again and assist in some interesting surgeries.

Final thoughts

When I first started HOship, I never expected it to be this tough. I pushed on anyway, and time passed by so quickly and before I know it, one year has already passed. I now look forward to the day I finish my housemanship and being a little less clueless, a little less dangerous and a little bit more useful to those I serve around me.

Click here for part 2!