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

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TSCubalagi
post Aug 8 2020, 08:18 AM

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QUOTE(joeblow @ Aug 7 2020, 03:46 PM)
Hi there I have itrade with cgs cimb account and never bought etf before?

So is it just key in the stock code to search for it then just buy? Not sure if I can qualify and how I should apply for this promotion.

Also how does the commission work? Lastly any maintenence fee to charge from us or is the fee just deduct from the etf itself? Many thanks.
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U don't need to apply for the promotion. Just need to buy RM3000 value of etf before 2 Nov using a direct CDS account. Limited to first 500 investors. The RM150 will be given out after the period ends. Since this is a bursa promotion they can know which investors buy via direct CDS. Open to all Bursa etf, not just the goldetf.

https://www.bursamarketplace.com/etf-cashback/tnc.html

Buying etf is just like buying stocks but no stamp duty. No extra charges payable.


TSCubalagi
post Aug 8 2020, 01:01 PM

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QUOTE(Kaka23 @ Aug 8 2020, 10:34 AM)
How liquid is this? Can easily sell?
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Can check yourself next Monday.. Look at bid ask spread n volume.
TSCubalagi
post Aug 16 2020, 08:57 AM

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QUOTE(jianwei90 @ Aug 16 2020, 02:51 AM)
hi, this one can trade like normal share right.. i mean if I buy and sell within the same day right?
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Can, but doubt u can make much money day trading Gold.
U need leverage for that like Gold Futures.
TSCubalagi
post Sep 6 2020, 08:40 AM

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Added my gold position this week @2.60, been buying every few months.
TSCubalagi
post Sep 20 2020, 10:34 AM

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QUOTE(knight @ Sep 20 2020, 12:26 AM)
I remember it has a very low volume. Is it hard to sell it?
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Quite easy to sell because of market maker.

Buying is the difficult part due to cash upfront rule, n I have to call my dealer.
TSCubalagi
post Sep 20 2020, 06:21 PM

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QUOTE(knight @ Sep 20 2020, 04:27 PM)
huh. I tot buying etf just like normal stock?
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Normally yes, but this ETF got some special rule because of sharia ruling. You need to have free cash to buy.
TSCubalagi
post Mar 19 2021, 04:20 PM

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QUOTE(fms21 @ Mar 19 2021, 03:01 PM)
wow..hard to reach again this price as of today..
mine purchased through robo advisor, Wahed..hope no need to pay management fee..
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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.

This post has been edited by Cubalagi: Mar 19 2021, 04:20 PM
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.
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
TSCubalagi
post Aug 2 2021, 11:51 AM

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Rakuten finally open up Goldetf for trading in their cash account..
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.
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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