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eUT / POEMs / Phillip Mutual Berhad UT discussion, Coz' Fundsupermart not cheapo enuf'!
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Sumofwhich
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 Jul 24 2018, 12:50 PM
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Just opened my eUT account, thanks again ramjade!
Regarding PMMMF on eUT, what is the most efficient deposit method and time, FPX or Maybank fund transfer?
I know they are using a Maybank account and withdrawal-wise using a Maybank account makes more sense.
Email reply from CS:
You may transfer the money to our bank account via FPX/Online Banking/Cheque/TT and cut off time for the said fund is 10.30am.
Other than FPX, you need to submit proof of payment to us via email/fax or you can attached the receipt in our website.
For withdrawal, the cut off time is 9.45am and you will receive the money on the same day if you provide your Maybank account, other than Maybank it will take 1 day for you to receive the money.
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Sumofwhich
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Jul 24 2018, 01:31 PM
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QUOTE(Ramjade @ Jul 24 2018, 01:22 PM) Thanks! |
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Sumofwhich
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Jul 25 2018, 01:49 AM
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Btw, deposits and withdrawals T+0 are only for working days right?
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Sumofwhich
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Jul 25 2018, 08:00 AM
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QUOTE(Ramjade @ Jul 25 2018, 06:13 AM) Yes that's right but you have to do it before the cut off point. That's for withdrawal part. Never paid attention to depositing part. Thanks, just did my first deposit, so far all your withdrawals before 945am to Maybank account are transacted and reflected T+0? |
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Sumofwhich
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Jul 26 2018, 08:09 AM
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QUOTE(Ramjade @ Jul 25 2018, 08:38 AM) I usually withdraw the money in the evening. No time to do anything in the morning. Money will appear next day. Let's say I deposited at 8am yesterday, received Phillip's receipt at 730pm, does it mean I missed the cutoff time of 1030am? |
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Sumofwhich
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Jul 26 2018, 04:28 PM
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QUOTE(Ramjade @ Jul 26 2018, 01:13 PM) Don't think you miss it if you use FPX as FPX is instant. Best you experiment to yourself. I didn't gave time to experiment. So I just buy when I am free withdraw when I am free. Got it, thanks. I've emailed to Phillip Mutual for the exact details on the daily interest part and will report back. |
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Sumofwhich
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Jul 26 2018, 05:48 PM
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We will declare the interest rate on a monthly basis and after we declare the rate then you can view your profit in your portfolio.
You still entitled for one day interest on 25 July if you withdraw before 9am on 26 July.
Kindly refer below on the PMMMF dividend calculation.
Formula: Amount x Dividend Rate x Day / 365 = Total Dividend
For the T + 0 withdrawal, means that you will receive the money in your bank account (if Maybank account) on the same day you make a redemption transaction.
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Sumofwhich
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Jul 27 2018, 07:48 AM
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QUOTE(Ramjade @ Jul 26 2018, 09:59 PM) Nice. I didn't even bother about this. All I bother is 1) I sell, I can get back my money 2) how fast I can get back my money 3) stuff which give me the highest interest If you want to boost it, can try parking money in amanah saham fixed price fund. Min 6%p.a. To buy and sell is a hassle. Haha, I'm using this as my temporary savings for the high interest compared to OCBC 360 savings account 2.9% before ASNB top-up/paying loans/bills. |
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Sumofwhich
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Aug 1 2018, 09:42 PM
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Yup just declared today, I checked just a moment ago, I believe the nett interest rate is 3.6865%.
3.6865%*5days/365*RM10000 = RM5.05 interest
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Sumofwhich
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Aug 8 2018, 11:25 PM
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QUOTE(SwarmTroll @ Aug 7 2018, 09:32 AM) I know there is a fee for purchasing PMMMF less than RM500 through FPX. How about selling tho? Will there be a fee charge for selling below RM500? No fee charged for selling below RM500, I just withdrew RM5.05 of interest on Aug 1. QUOTE(MUM @ Aug 7 2018, 10:57 AM) For full withdrawal on Phillip Master Money Market Fund within the month, any income distribution shall be paid on the 1st working day of the following month only if there is a balance after deduction of RM 5.00 for administration fees. http://www.phillipmutual.com/wp-content/up...g_Form_2014.pdfOh I didn't know there is a RM5 admin fee, perhaps the total shown in the account is reflected after the RM5 deduction? |
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Sumofwhich
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Aug 9 2018, 08:33 AM
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QUOTE(Sumofwhich @ Aug 1 2018, 09:42 PM) Yup just declared today, I checked just a moment ago, I believe the nett interest rate is 3.6865%. 3.6865%*5days/365*RM10000 = RM5.05 interest As above, so I doubt there's a RM5 fee, and I managed to withdraw the RM5.05 interest. QUOTE(MUM @ Aug 9 2018, 01:37 AM) I got no idea....(but the wording from that earlier sentence suggested to be "YES") but since you had the $$ in that fund, and you had withdrew the RM5.05 of interest on Aug 1,....try do the reverse maths on the estimated amount of dividend you should get with the amount of $$ you have in that fund? |
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Sumofwhich
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Aug 9 2018, 02:15 PM
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QUOTE(MUM @ Aug 9 2018, 09:25 AM) Did yiu redeem all yr available unis or just the rm 5.05 equvalent units? Full redemption or just partial withdrawal? full redemption of 10k few days before the 1st Aug, then RM5.05 on 1st Aug  This post has been edited by Sumofwhich: Aug 9 2018, 02:15 PM |
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Sumofwhich
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Aug 20 2018, 09:30 PM
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QUOTE(SwarmTroll @ Aug 20 2018, 05:55 PM) For PM Money Market Fund, do they process sell orders on weekend? Lets say I submit sell/withdrawal before 9:30 am on Saturday, will I receive on the same day 3pm ish? Or only receive withdrawal on Monday? Most likely will be processed next working day |
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Sumofwhich
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Aug 24 2018, 02:38 PM
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I guess so
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Sumofwhich
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Aug 27 2018, 12:20 AM
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QUOTE(fairylord @ Aug 24 2018, 03:45 PM) I placed one yesterday after 1030am but now still under processed now as of 345pm. Wonder it will be completed by today. Hopefully, its only not updated on my screen, and the interest start running from today. If put in eGIA yesterday, already earned a day interest but lower lah. Update: just got an email updated on transaction recorded. eGIA must retain for 1 month minimum right? Last time used to have daily interest |
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Sumofwhich
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Aug 30 2018, 02:37 PM
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^ First blood, Double kill, Triple kill |
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Sumofwhich
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Sep 10 2018, 11:53 AM
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QUOTE(Jitty @ Sep 10 2018, 11:45 AM) most of my funds are in red. ranging from -2% to -10%. I plan to cut loss afew to invest into a business. is that a wise idea? rather than take up another personal loan to start the business. my only fund in green is TA global tech My opinion, I think you should, personal loans are not worth it, better not to use borrowed money to start a business, unless it's something like ASB loan with a higher (guaranteed, sort of) return then yes. |
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Sumofwhich
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Sep 23 2018, 03:59 PM
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QUOTE(Ramjade @ Sep 10 2018, 12:41 PM) To add icing to the cake, with fintech help, I am able send money overseas via money changer rates. Saving more money vs compare to using local banks. Like Moneymatch? I'm looking for channels which can do wire transfers to my US ThinkOrSwim trading account for attractive rates and lower TT fee, unfortunately they don't accept 3rd party transfers like Moneymatch's. |
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Sumofwhich
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Sep 23 2018, 08:35 PM
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QUOTE(Ramjade @ Sep 23 2018, 04:07 PM) Open transferwise. Open a US bank account via transferwise. Use fintech to fund your Transferwise US account. Thanks, which do you recommend getting? https://transferwise.com/gb/blog/how-to-ope...-account-in-usaSeems pretty hard to open 1 US bank account |
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Sumofwhich
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Sep 23 2018, 11:23 PM
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QUOTE(Ramjade @ Sep 23 2018, 11:03 PM) Please do your own research. I am not going to spoonfeed everything.  Haha, guess I didn't read it well, the borderless account is a good start with 0 fees, thank you very much! This post has been edited by Sumofwhich: Sep 23 2018, 11:24 PM |
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