You don't just put into high yield saving account.
Liquidity is extremely liquid.

You can have RHB Smart Account, SC PSA and/or OCBC 360.

OPR is on the downward trend.
The best MMF (PMMMF) is only quoting for 2.3% pa for July return.
Most of the MMF are more or less the same if the asset holdings are purely deposits.

Opus MPF is not pure MMF as it has 10% allocated into "Fixed income securities, money market instruments and deposits which have a remaining maturity period of more than 365 days but less than 732 days" aka short term debt paper with maturity less than 732 days.

If there's going to be another OPR cut on 10/9/2020, all existing promotion FD campaign could cease and subjected to a new campaign with revised rate.

Well, inflation muted (no inflationary pressure), growth slow (pick up not fast enough) and high saving rate, there's a very high chance that it'll be another OPR cut.

And it'll stay as it is till next year.

BNM governor said that the worst is behind us but she don't paint a very bright recovery path in the 2nd half.

Above is just my personal view. Do take it with a pinch of salt!

Return in MYR = Return in USD x Forex rate + Currency Impact

Currency Impact details:
https://www.stashaway.my/r/how-currency-imp...haway-portfolio

I found something interesting about dividend:

For normal SAMY portfolio:

Where do dividends go?
For goal-based portfolios and general investing portfolios, our system automatically reinvests any dividends you may earn.

All dividend payments are reflected in your "Transactions" tab.

https://www.stashaway.my/faq/900000812706-w...o-dividends-go/

For SAMY Simple™:

How do the dividends accrue?
The dividends accrue on a daily basis and are paid out monthly.

https://www.stashaway.my/faq/900001298363-h...vidends-accrue/

Record-high prices is no reason to dump stocks



What’s next for the all-time high stock market
The S&P 500 (^GSPC) set a new record high this week for the first time since Feb. 19, surging an eye-popping 51% from its March 23 closing low of 2,237 to a closing high of 3,389 on Tuesday. This represents the shortest bear market and third fastest bear-market recovery ever.

And Wall Street’s top stock market forecasters think there could be more gains ahead.

“If you’re bullish, the fact that the 2009 experience points to a further 11% gain between now and year end is welcomed news,” Colas added.

Obviously, 2009 and 2020 are very different. Colas notes that in 2009, financials led the way. Today, it’s tech. Back then, a new U.S. president was just put into office. This year, that seat is up for grabs.

In both instances, fiscal and monetary policy was very aggressive.

Should the market continue to follow the 2009 path, the S&P 500 could end the year close to 3,800. That makes Goldman Sachs’ recently updated bullish 3,600 target seem modest.

Getting to 3,800 would be surprising. But, what else would you expect from 2020.

https://finance.yahoo.com/news/record-high-...NOUyf55GRU7Cg4Q

Goldman recent forecast: https://finance.yahoo.com/news/stock-market...-100455932.html

Basically there's nothing so special about Simple™.
It's just a money market fund that works in unit trust/mutual fund mechanism governed by the daily movement of NAV and pays out distribution in monthly basis.
In short it is just a FD without the need to commit for maturity tenure by offering flexible withdrawal at any time.

If NAV drops, of course there's impact to the valuation of your Simple™ holding.
But given the risk rated by SAMY, it is very unlikely as you can the graph, the drop in NAV is mostly due to paid out distribution.

https://www.eastspring.com/my/funds-and-sol...s?fundcode=E026

Regarding the second part of your question, I'm not sure how it works.
If using unit trust working mechanism, on ex-distribution date, if you don't have any units held at fund manager registrar, you won't be entitled for the distribution.

The risk rated by SAMY is 1.8% only.



When NAV drop due to distribution, you'll be paid for the distribution.
The money will be credited into your Simple™ portfolio and won't be reinvested until new deposit comes in.

The money market fund is prone to OPR risk.
The projected return by Simple™ is 2.4% pa.

In unit trust, it's called distribution aka dividend.
Distribution is not instant like FD interest and normally there's ex-date and pay out could take days up to 2 weeks.
Also remember that SAMY is just a distributor of underlying fund for Simple™; processing speed depends on both parties (SAMY and Eastspring Investments).

This post has been edited by GrumpyNooby: Aug 26 2020, 09:03 PM

If you want to feel "safer", opt for PMMMF.
It is a fixed price fund and distribution will be declared by end of the month.

Refer to the other thread:
https://forum.lowyat.net/index.php?showtopi...hl=money+market

PMMMF: https://www.phillipmutual.com/products-serv...ey-market-fund/

PMMMF at eUT: https://www.eunittrust.com.my/Home/FundDetail/?fcode=001100

This post has been edited by GrumpyNooby: Aug 26 2020, 09:19 PM

Read Opus CEF monthly FFS and its PHS.

This post has been edited by GrumpyNooby: Aug 27 2020, 05:20 AM

What is the recommended lower risk?

It depends on where the ETF is listed; either at NYSE for USD denominated portfolio or LSE for GBP denominated portfolio.

You can create another portfolio with higher risk % while maintaining your current 10% portfolio within the same account.

Still pumping money into S-REIT?

Currency impact, uncle!

https://www.stashaway.my/r/how-currency-imp...haway-portfolio

This post has been edited by GrumpyNooby: Sep 2 2020, 02:17 PM

SAMY app for Android got update.

Distribution declared for underlying fund for Simple™:

Date	Fund Name	Gross Income Distribution Rate	Net Income Distribution Rate	Ex Date
Sep 2, 2020	Eastspring Investments Islamic Income Fund	MYR 0.0010 per unit	MYR 0.0010 per unit	Sep 7, 2020

Source: https://www.fundsupermart.com.my/fsmone/fun...on-announcement

This post has been edited by GrumpyNooby: Sep 2 2020, 08:42 PM