After some delays, Dr Wealth is finally back with some major updates to the platform! Malaysian users will now be able see their accounts in Malaysian Ringgit. We did an overhaul of the investments screen and added support for both US and Malaysian Stocks.
1. Malaysian Ringgit for Malaysian Residents
Malaysian residents will now be able to see their entire account in Malaysian Ringgit. All stock prices are also automatically converted from their respective foreign currencies into RM. This way, Malaysian users will be able to view their budget and net worth in their home currency.
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2. Support for US and Malaysian Stock Exchanges
As a follow up to popular requests on adding support other exchanges, Dr Wealth is now able to support New York Stock Exchange, Nasdaq, AMEX as well as Kuala Lumpur Stock Exchange! You will be able to add your favourite Apple, Google and Facebook stocks.
3. Changes to the Portfolio Allocation Structure
We have also changed the portfolio allocation screen to better reflect the global investor. Instead of the previous allocation where we divide the portfolio in Domestic and Foreign Stocks, all stocks are now divided into Developed and Emerging as well as their regions. REITs stand as a separate class and are classified into Developed and Emerging. As previously, all the stocks you add are automatically classified into the various categories so it saves you time and effort in monitoring the portfolio allocation and allows you to focus on selecting stocks instead!
About the Author
Calvin Yeo, CFA, CFP is the Managing Director of Doctor Wealth Pte Ltd (www.drwealth.com), which is is revolutionizing the financial advisory industry by building an online platform to provide high quality and comprehensive financial advice.
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