Previously, if you buy/sell during weekends, it'll incur higher transaction fee compared to weekdays.
Not a surprise!

From now until the 31 December 2020, we’re giving you 500 GrabReward Points when you save a minimum of RM100 in a single transaction with GrabPay. Only 4,000 people get to enjoy this so don't miss out.

For first time savers with HelloGold, you also stand a chance to enter the RM10,000 gold draw. Could you be one of the 20 lucky winners to win RM500 in gold?

Enjoy zero processing fee every time you use GrabPay and grab yourself some great rewards while you save!

T&C: https://www.hellogold.com/grabpay-launch-pr...launch-promo-en

This post has been edited by GrumpyNooby: Nov 2 2020, 01:46 PM

The "wallet" feature has been removed last year.

Yes, the spread is rather wide. Up to 2%

Example: Buy @ RM 273.03/g & Sell @ 247.38/g

This post has been edited by GrumpyNooby: Nov 7 2020, 07:34 PM

So it's worth to play in out during weekdays with GrabPay?
Earning GrabPoints (at Platinum) plus high cash back from credit card is worth to cover the 5% spread?

HelloGold Is Better Than Public Gold? Well, Maybe

Many of us know that aside from being decadent (and sometimes, as kids today say, "extra") decorative items, gold is a very popular asset to invest in financially because its value does not fluctuate greatly over time and tends to increase generally.

However, that doesn't mean that you should just blindly invest in anything that identifies as gold - or anything that is just golden in colour, for that matter!

Like all other forms of investment, investing in gold requires research and understanding too. As always, Loanstreet's got your back in this area — which is why we've put together a table below comparing two leading gold investment platforms in Malaysia to help you out.

https://loanstreet.com.my/learning-centre/h...b4NwFuCc6krJQbU

Gold vs. equities, which is better?



With a rise of Covid-19 cases in Malaysia impacting on our local economy and widening restrictions in the USA weighing on Wall Street, how well will equities investments perform and which asset is better to accumulate during these trying times.

After speaking to a well known financial planning expert, Robin ran his own comparative analysis on how gold performs vs. 500&P and the KLCI.

Find out what his take on this is:
https://www.hellogold.com/gold-vs-equities/...tm_medium=email

No change as for fee structure:
https://help.hellogold.com/en/category/fees/

Administrative Fee
We charge an annual administrative fee of 2% to keep your gold safe and secure. The fee is calculated daily and charged on a monthly basis. Should you sell your gold before the monthly charge period, your fee will be calculated based on the number of days you held your gold with us.

Yes as they've separated the price to buy price and sell price.
The buy/sell spread is approximately 5% on weekdays.

As the year is drawing to a close, Robin reflects on how 2020 was from a financial savings perspective and what gold returns were compared to other investments choices.

You'll also find out what financial advice he gave his two sons as they prepare for their adult lives.

“How difficult is it to make 20% in one year? For most Malaysian fund managers – the professionals who invest for a living – it is pretty difficult. Out of the 1,300+ Malaysian funds that Morningstar tracks, only 303 funds made more than 20% in the last 12 months. That number drops to just...”

Read more: https://www.hellogold.com/2020-wrap-up/?utm...tm_medium=email

With about RM 15 spread, no wonder this app can still survive.

Assuming if this fellow friend did at 8am plus:

There's still quota.
I think this round quota could last longer.

The awarded bonus points can cover the RM 14 spread.

7750 points = RM 46.96
3950 points= RM 23.93

Provided that buy and sell immediately.

This post has been edited by GrumpyNooby: Dec 31 2020, 11:27 AM

What's in store for 2021?

Despite 2020’s soaring stock market performance, gold was considered to be one of the best performing major assets of 2020, according to the World Gold Council. This was largely due to a combination of high risk caused by the pandemic, low interest rates and positive price momentums.

But what does 2021 look like for the economy? For his first thought piece of the year, Robin shares why 2020 was a confusing year for him and what his predictions are for 2021.

--

“As one exasperated investor said to me, “What do you do? I think the crash is coming. I have sat out of the market for most of 2020 and missed the run up in stocks”. Like many people, I think…”

https://www.hellogold.com/2021-predictions/...021-predictions

The spread is high as you're paying for its conveniences - trade at anywhere, anytime from your phone and no min amount/gramme.

If you want lowest spread, it'll be UOB.

Old data:
But CIMB got promotion now:

That Gold owner/seller from Africa of you has nothing to do with HelloGold.
HelloGold is online trading and investment platform for gold.

Use the other general thread on gold:
https://forum.lowyat.net/topic/3350149/+3760#entry99745964

Join our CEO Robin on the Rakuten Trade Market Outlook Webinar



Wondering how you can make the best of 2021?

Join us and Rakuten Trade for a FREE live webinar on YouTube & Facebook as we share the 2021 Investment Gems for the Year of the Metal Ox.

Register HERE: https://www.eventbrite.sg/e/february-market...1?aff=HELLOGOLD

750 GrabRewards Points up for grabs!



Did you know for every RM1 you save in gold using GrabPay you get up to 3 times more GrabRewards Points? That’s right! Same effort with double the benefit!

And from 1st - 30th March 2021, we’re giving you an extra 750 GrabRewards Points when you:

1. Save a minimum of RM150 in gold via ‘Buy Gold’ in a single transaction using GrabPay, and
2. Hold the minimum of RM150 worth of gold in your HelloGold account for at least 30 days after your date of purchase.

Be one of the first 800 savers to grow your savings and GrabRewards points at the same time.

T&C: https://www.hellogold.com/terms-conditions-grabpay-750grp/