I believe their website mentioned projected 2.4%
Which means it may go higher or lower than 2.4%

thanks for sharing!

my monthly fee more than rm15

Big fish no care rm15 fee lo.. haha

agreed
since there's some of us do not wish to participate in their simple

their system as of now, are treating like we having two portfolio and required to allocate money manually
troublesome

seriously?? can share the screenshot?
but not surprising
one of the downside of ''group'' investment

if not mistaken, read it somewhere it is calculated daily but credit monthly..
may i know from where you get the statement/fact compounded daily??

from my understanding
compounded daily means today's interest calculation will be capital + yesterday interest earned
but
if calculated daily, credit monthly means for the whole month, the interest calculated based on the capital on 1st of the month. and the next month interest calculation will be inclusive of previous month interest earned + capital
(this method is pretty wide use for high yield saving acc)

if its compounded daily, i would assume SA will include in their selling point. it is a huge selling point!

This post has been edited by xcxa23: Jul 1 2020, 02:23 PM

double post

This post has been edited by xcxa23: Jul 1 2020, 02:21 PM

well, potus have been quiet for almost a month
imo, he will be tweeting anytime soon

another way to increase your exposure/allocation to a particular sector/country/section is thru unit trust

Mine got buy order

Weightage reach I guess

personally DCA, once a week, once two week, once a month. your pick
depending on how you view the market

doubt it

since epf only allow their member to invest in what epf thinks is ''safe''
apparently epf does not invest in etf

thats why never auto debit/recurring payment

hardworking abit la... if want weekly/monthly/bi-weekly DCA, do it manually

still its scary to think that system can just keep on auto debit/recurring without additional authorisation from account holder

nope
i have my trustee calendar, note alert and email notification

well, if you are scared
perhaps you can tied the auto debit/recurring payment with a dummy/not main bank account?

calculate your monthly expenses, give it some overhead and let it do the payment.

this probably will be my route if i ever subscribe to auto payment.

This post has been edited by xcxa23: Jul 27 2020, 09:05 PM

From my pov

You give consent to your bank to initiate auto payment/recurring payment as per your instruction, say once a month.

By right the auto payment should have completed as per standing instruction but the bank does not stop or rather still authorized for more auto payment

Imo, bank should be much more secure and strict security procedure, for this case only allow auto payment as per standing instruction regardless of how many times samy "request" for the payment.

Apparently this unlimited auto debit happen across variety of banks, imo is huge security flaw/breach.

Wow.. did not know about that.
Those setting up/giving consent for auto debit must have high trust towards the company.

Nope. I did not set up any auto payment

Hence my pov
The "flaw" in auto debit.
Anyhow, it's good that rectify early.

But man, 27x is ridiculous. Imagine if the account is main account, samy "unlimited" request wipe out entire account and your auto payment for loan/mortgage/cc have due on that same day.

some high yield saving acc
calculated daily
credit monthly