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

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fms21
post Mar 19 2021, 03:01 PM

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QUOTE(Cubalagi @ Sep 6 2020, 08:40 AM)
Added my gold position this week @2.60, been buying every few months.
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wow..hard to reach again this price as of today..
mine purchased through robo advisor, Wahed..hope no need to pay management fee..
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)..

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..
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..

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..



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..


 

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