I am actually contemplating about this since last few years. I am an avid purchaser in PMO.

All these years it has giving me positive results.

Should I give this platform a try?

I thoroughly read through and it only mention cheque and epf payment. So I am kinda confuse if the platform allows me to make direct payment easily?

since you had been an avid purchaser in PMO and it had been giving you positive returns.....
may i suggest you keep your investment to that.

trying to venture into this platform of DIY may incurred you undue financial losses, emotional stress and sleepness nights

I see.

Thank you.

Because now market not so well, thought of taking my positive earning to try this platform. Guess I need to read more 1st before diving into this.

what is the frequency in which profits are obtained in the cash management funds?

sorry my knowledge very bad, read liao still not 100% understand

therefore, we should learn something before invest in UT

me too.....

if you mean, the frequency of which you would like to withdraw from cash management fund?
if yes,..as long as there is profit, you can withdraw subjected to

Minimum Redemption Amount RM 100
Minimum Holding RM 100

lets say if I put 1K cash today. The profits is it like monthly like FD?

No it works like any other unit trust fund. A cash management fund is not capital guaranteed like FD.
You buy in RM1000 at this NAV, you get Z units. Next month you sell at the NAV of that time, you get the amount = Z x NAV
The rates are lower than FD but you have the liquidity to sell anytime to get cash.

This post has been edited by 2387581: Jun 28 2018, 03:48 PM

The interest rate will be reflected from the changes in the fund’s daily unit price or net asset value.
The daily unit price of the fund will depend on the interest rates offered by the various underlying bank deposits that the fund invests into.

Lets take the RHB cash management fund 2 at Fundsupermart. The interest returns are accrued daily. Because this money market funds invest in "predominantly assets in Malaysian Ringgit deposits (not more than 365 days) with financial institutions in Malaysia" meaning fixed deposits, it is relatively low risk.

It may not match some FD rates like 4.1-4.25% of certain banks but given that it is fairly liquid in getting back the money in +2 business days. It also has the advantage of not losing some portion of my interest if I want to withdraw early unlike FD. The current rate of RHB cash management fund 2 is about 3.45%.

Another positive, is that there is less requirements than FD. It only requires min RM500 to invest and RM100 for subsequent investments. Some FD requires some min amount before getting a good rate.

Honestly, I put part of my emergency savings into this.

This post has been edited by ChessRook: Jun 28 2018, 04:46 PM

very very good explanation! thanks so much. Will place some of my excess funds into it rather than just sitting at my regular savings account. Amount not big enough for FD.

For UT are the returns daily or monthly?

very very good explanation! thanks so much. Will place some of my excess funds into it rather than just sitting at my regular savings account. Amount not big enough for FD.

For UT are the returns daily or monthly?

For UT funds, the returns you get is from the upward movement in nav prices. NAV = net assest value of the UT fund. But Nav prices can also go down or remain almost the same also.

This post has been edited by ChessRook: Jun 28 2018, 08:17 PM

means it is like trading in stocks? whereby one needs to contemplate when to enter and when to exit?

Yes basically. In term of difficulty it supposed to be easier. .

UT equity funds are a basket of stocks. So basically, UT characteristics are similar to stocks. Have a read at this to decide whether UT equity funds is for you

https://www.imoney.my/articles/unit-trust-funds-investment

This post has been edited by ChessRook: Jun 29 2018, 12:21 PM

market rebound.

next drop probably on end July or August. if our beloved big mouth comes out something funny again.

You sure? Maybe next monday drop again

dead cat bounce is like that la.

i ad no eye see this year perf ad. all i can do is keep pump to bond fund. and also back to my beloved asm.

Bounce, because it is the last trading day of 1H / 2Q.
Dress the window nicely...