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

Took about 3 days

https://www.theedgemarkets.com/article/sp-g...-banks-negative


how will this affect SA simple since it deals with Malaysian Money Market?

Buy on Saturday but no body work 😁.
Must wait Monday to execute the process. 😀
So, SAMY receive on 29 June (normally is night time received), 30 june start to buy portfolio, probably 30 June or 1 July finish buy order because Monday too many order stuck there.
Am i right? 😁😁😁

If u buy with cash (bank), faster, 2-3day
If switch from portfolio, longer bcoz need to redeem, convert n buy.
Hope my guess is right 😀😀😀

This post has been edited by ironman16: Jun 30 2020, 07:03 PM

Saturday & Sunday no working.
Monday by 11am (if IBG) should be reach SAMY. SAMY cannot buy bcos MMF cut off time is 10am (refer FSM)
Tuesday Q to buy MMF. Need to wait for Tuesday closing on NAV price.
Wednesday will update the buy order of MMF.

in total need 3 working day.


have you check with CS, is there any other way to overcome this?

This post has been edited by bourse: Jun 30 2020, 07:13 PM

Means you withdraw almost your entire portfolio but leaving just a small amount inside?
Cannot avoid the decreased profit but can avoid the withdrawal rejection by withdrawing the entire portfolio instead of a sum.
Just create a new same portfolio for deposit later.

u still type reference number every time u deposit
be clever a bit, just use saved reference lah

What's the best way to maximise returns for SAMY Simple?

Just lump sum and let it sit there 1 year

or

Lump sump small amount, and transfer to SAMY portfolio bit by bit until habis then lump sump again next month?

just how volatile is the Simple?
what is the assets in Simple?
Maximise Simple? what is the expected ROI of Simple?


This post has been edited by MUM: Jun 30 2020, 09:01 PM

I withdraw all. Left nothing inside

Hmmm...when I withdraw they also pending so long until profits dropped but they didn't reject the withdrawal.
You should contact customer service

i thought he mentioned this in earlier posting
"Contacted SA they say due to insufficient withdrawal from DRB portfolios, hence it did not meet the minimum amount to send out from broker Saxo for GBP."

Which doesnt make sense right? full withdrawal means you withdraw whatever is in the portfolio regardless of what the value is when the instruction to sell reaches the broker. so how can it be insufficient? If he said partial withdrawal then understandable but he said he did a full withdrawal.

maybe, just maybe...
if one just has GBP 100 to sell....that GBP value is not the minimum require to transact for the broker....
(as per his story in the post)??
so most probably have to wait for other sellers of GBP portfolios so can accumulate into an above the minimum transact amount.

This post has been edited by yklooi: Jun 30 2020, 09:47 PM

Maybe can try to ask them what is the minimum transaction amount, then next time, to be safe, ask if anyone here wanna withdraw also then plan to do it together

GBP port

if selling face insufficient withdrawal bcoz of need to meet the min amount, how about buying? Will buying also got min amount?

no one DCA for GBP port? Cannot dispose it to another investor, then top up the remain from the market?

cannot understand

How do you guys get GBP accounts and portfolios?

During initial registration can choose

I think it's because they have domestic ringgit borrowing. Hence SA unable to open a USD denominated portfolio for them.

SA is also getting inconsistent and slow in time to deposit compared to my previous experience. Although cant fault them they did say 2-3 business days and anything faster is just your lucky day.