Oct 5 2018, 05:51 PM
QUOTE(robincflee @ Oct 29 2017, 11:53 PM)
Yes. SP500 would be a good diversification against malaysian risk. and if you are wealthy enough and have access to SPY, that would be an option for most market conditions. however, for anyone that has RM100 to invest on a monthly basis, SPY is unfortunately not really a viable option.
I fundamentally believe that the amount of money is a person's wallet should not be barrier to his/her ability to access all financial products. Unfortunately that is not a view that is widely shared by most financial services providers
This is why we have set up HelloGold to start to remove affordability and accessibility as obstacles from financial inclusion
i think people would like to invest. Some also understand the need for the annual fee etc as it is safer to save in a vault than at home. However, as mentioned earlier by another user, the fact that you do not buy back your own gold does really distant yourself from average consumers. You make your product sounds a little fishy no matter how good the reason is for not providing that service.I fundamentally believe that the amount of money is a person's wallet should not be barrier to his/her ability to access all financial products. Unfortunately that is not a view that is widely shared by most financial services providers
This is why we have set up HelloGold to start to remove affordability and accessibility as obstacles from financial inclusion
if you provide that option even with a cost (eg postage fee absorbed by customers, buying back at slightly lower price than in-app buy price), people would have trusted you more i guess.
edit: and also still no way to see past trends in your gold buy-sell price....
This post has been edited by ind3pend3nc3: Oct 5 2018, 05:53 PM
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