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 GOLDETF (0828EA), Buy Gold like u buy shares

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fms21
post Mar 19 2021, 04:24 PM

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QUOTE(Cubalagi @ Mar 19 2021, 04:20 PM)
Of course u will be charged a management fee.

Anyway gold will shine again, that's my belief. It's not a get rich investment, but more like an insurance.
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maybe Wahed pay for me.. biggrin.gif biggrin.gif
purchase in gradual

1. price 2.42 - RM900
2. price 2.40 - RM500
3. price 2.38 - RM500
4. price 2.29 - RM500 (as of today, with profit)..

old deposit at rate 2.40 (RM100+ only)..

TSCubalagi
post Mar 19 2021, 04:27 PM

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QUOTE(fms21 @ Mar 19 2021, 04:24 PM)
maybe Wahed pay for me.. biggrin.gif  biggrin.gif
purchase in gradual

1. price 2.42 - RM900
2. price 2.40 - RM500
3. price 2.38 - RM500
4. price 2.29 - RM500 (as of today, with profit)..

old deposit at rate 2.40 (RM100+ only)..
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U won't be able to see management fee being charged at the price u buy. This is same like any unit trust fund as well.
fms21
post Mar 22 2021, 03:04 PM

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QUOTE(Cubalagi @ Mar 19 2021, 04:27 PM)
U won't be able to see management fee being charged at the price u buy. This is same like any unit trust fund as well.
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management charge at 0.79% impose only by Wahed..
maybe those using Wahed to purchase Gold ETF able to avoid management fee impose by this fund..
TSCubalagi
post Mar 22 2021, 03:42 PM

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QUOTE(fms21 @ Mar 22 2021, 03:04 PM)
management charge at 0.79% impose only by Wahed..
maybe those using Wahed to purchase Gold ETF able to avoid management fee impose by this fund..
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That's not how robo advisors work as far as I know..

U get smack by Robo advisor fee and also by the ETF mgmt fee.

Apply for all ETF invested by robo advisor, not just the Goldetf.

This post has been edited by Cubalagi: Mar 22 2021, 03:43 PM
fms21
post Mar 22 2021, 04:22 PM

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QUOTE(Cubalagi @ Mar 22 2021, 03:42 PM)
That's not how robo advisors work as far as I know..

U get smack by Robo advisor fee and also by the ETF mgmt fee.

Apply for all ETF invested by robo advisor, not just the Goldetf.
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it was mentioned in Wahed website

QUOTE
Wahed doesn’t charge any fee for deposits and withdrawals. Your bank may charge a small fee when you make a bank transfer to our custodian account. Wahed only charges a Wrap Fee which is inclusive of all management fees, custodian fees, and transaction fees, except for any bank transfer fees or other miscellaneous fees that are charged by the custodian.


https://malaysiasupport.wahedinvest.com/hc/...or-withdrawals-

from TradePlus FAQ

QUOTE
Annual Management Fee - Currently 0.30% p.a. of the NAV of the TradePlus Shariah Gold Tracker (“Fund”) calculated and accrued daily using the Fund’s base currency (USD)
Annual Trustee Fee – Currently 0.06% p.a. (excluding custody fees and charges) of the NAV of the Fund calculated and accrued daily using the Fund’s base currency (USD)
Annual Custodian Fee – Currently 0.20% p.a. of the value of the gold bars held with the custodian, accrued daily and payable monthly using the Fund’s base currency (USD)
Quarterly Index Licence Fee – Currently 0.0075% of the Peak AUM, subject to a minimum of USD250 and a maximum of USD10,000


https://tradeplus.com.my/gold-tracker

maybe need to pay Trustee Fee and Licence Fee but it is too low that I believe, Wahed able to absorb that..

SUSxander83
post Mar 23 2021, 08:58 AM

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QUOTE(fms21 @ Mar 22 2021, 04:22 PM)
it was mentioned in Wahed website
https://malaysiasupport.wahedinvest.com/hc/...or-withdrawals-

from TradePlus FAQ
https://tradeplus.com.my/gold-tracker

maybe need to pay Trustee Fee and Licence Fee but it is too low that I believe, Wahed able to absorb that..
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Wahed will charge you another bank fee because their wrap fee it is not transparent

Unless you can get it below 0.5% from Wahed not worth it all because A+ will still have direct access by 0.3%

I don’t believe Wahed wrap fees all bunch of mumbo jumbo to gain 0.3% from you easily
fms21
post Mar 23 2021, 09:16 AM

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QUOTE(xander83 @ Mar 23 2021, 08:58 AM)
Wahed will charge you another bank fee because their wrap fee it is not transparent

Unless you can get it below 0.5% from Wahed not worth it all because A+ will still have direct access by 0.3%

I don’t believe Wahed wrap fees all bunch of mumbo  jumbo to gain 0.3% from you easily
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I believe they are transparent..
u can knew it from other website links..

https://wahedinvest.com/pricing/

besides, local bank don't charge fee when used FPX..maybe their terms refer to other countries that charge some fees for fund deposited to bank..
from 0.79%, the still can earn some money and furthermore, they only invest 97.5% of the fund..2.5% in cash they can use for FD placement to earn some money..



SUSxander83
post Mar 23 2021, 09:58 AM

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QUOTE(fms21 @ Mar 23 2021, 09:16 AM)
I believe they are transparent..
u can knew it from other website links..

https://wahedinvest.com/pricing/

besides, local bank don't charge fee when used FPX..maybe their terms refer to other countries that charge some fees for fund deposited to bank..
from 0.79%, the still can earn some money and furthermore, they only invest 97.5% of the fund..2.5% in cash they can use for FD placement to earn some money..
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You just got ripped off by Wahed rclxms.gif

If you bought it through A+ you would have already save at least 0.2% easily your loss then rclxms.gif
fms21
post Mar 23 2021, 10:51 AM

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QUOTE(xander83 @ Mar 23 2021, 09:58 AM)
You just got ripped off by Wahed  rclxms.gif

If you bought it through A+ you would have already save at least 0.2% easily your loss then  rclxms.gif
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if no CDS account, it is better to use Robo Advisor or unit trust..
since I already had CDS account, next fund will be own invest..

TSCubalagi
post Aug 2 2021, 11:51 AM

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Rakuten finally open up Goldetf for trading in their cash account..
squarepilot
post Aug 2 2021, 12:17 PM

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QUOTE(Cubalagi @ Aug 2 2021, 11:51 AM)
Rakuten finally open up Goldetf for trading in their cash account..
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Gold etf is good for those who are speculating gold price will increase within 1 to 3 years. Or else would better for you to buy gold via gold investment account with cimb or uob 😀
TSCubalagi
post Aug 2 2021, 12:49 PM

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QUOTE(squarepilot @ Aug 2 2021, 12:17 PM)
Gold etf is good for those who are speculating gold  price will increase within 1 to 3 years. Or else would better for you to buy gold via gold investment account with cimb or uob 😀
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If one is more active and buys bigger amount then ETF is better.
XweienX
post Aug 2 2021, 09:59 PM

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QUOTE(Cubalagi @ Aug 2 2021, 11:51 AM)
Rakuten finally open up Goldetf for trading in their cash account..
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meaning no need call beforehand anymore is it?
edwin1002
post Aug 2 2021, 11:38 PM

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this etf low volume
TSCubalagi
post Aug 3 2021, 08:13 AM

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QUOTE(XweienX @ Aug 2 2021, 09:59 PM)
meaning no need call beforehand anymore is it?
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No need to call, but only for trading in cash upfront account.

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