Lol +15.96% return for its balanced portfolio? while mine is still at -10% even after all the recovery in recent months

Request to close portfolio, 20-Jul (Mon), money credited on 24-Jul (Fri).

True, I lost my opportunity to invest somewhere else when other's perform lots better. I also holding it because of long term investment. To me 10-12 months is long enough to let me decide to pull off completely.

This is their reply when I contacted their CS

Was about to open an account in MT after having SA and Wahed. Read the thread here and got a negative general impression of MT. And thread is not as active as the others

Anyone has seen + returns recently?
And anyone has a referral code just in case i want to test MT out

PM'ed.

I invested in small amounts for SA, Wahed and MT.

Of all 3, MT gave me the lowest return.

I m using the recommended growth (54%) income (26%) inflation hedge (20%) portfolio

Forgotten to mention, I started all 3 on the same day (last month) and have been DCA-ing the same amount weekly.

Noted thanks. Maybe will try small DCA account for 12 months for a look see

Dear Valued Investor,

We have received some queries regarding the function, safety and security of MYTHEO's Direct Debit system from our investors. The Direct Debit feature is an efficient way to help you to practice dollar cost averaging through regular savings. We would like to assure you, that MYTHEO’s Direct Debit system is functioning well as it has gone through rigorous validation and testing.

In view of the critical role that technology plays in our business, it has always been our priority to continuously review and ensure our operations, systems and infrastructures are secured, resilient and reliable. The digital investment management industry in Malaysia is highly regulated and MYTHEO, as part of this industry, takes the welfare and the trust of our customers very seriously.

Once again, we would like to reassure all our investors, that your deposits with MYTHEO are safe and we look forward to continue managing your investment for the long-term.

Should you wish to speak to us further on this, feel free to reach out to our Customer Experience Team via a call at +603-8408 1613 or drop us a line at contact@mytheo.my

Invest in a Moment with,
MYTHEO

Anyone knows how this "Currency Impact" works?

I put in a few hundreds to test MT and almost all my earnings have been wiped out by currency impact.

USD-MYR loss/gain

Since USD is weakened, it'll eat up on the profit.

This post has been edited by GrumpyNooby: Aug 7 2020, 01:31 PM

Assuming the portfolio made a gain of USD 30, and the current rate from USD:MYR is 1:4.

I should get RM120 out from it right? But somehow this "currency impact" deducts almost everything...

This post has been edited by 4eyeco: Aug 7 2020, 01:50 PM

Portfolio Return in MYR = Portfolio Return in USD+Change in USD:MYR rate

https://www.mytheo.my/mytheo/blog/28-foreig...-term-investing

Ok, understand now.

Thanks for pointing out!

ok, i fully exit liao. final amount received. total investment return at 0.03% where as the competitor is capturing double digit %. gonna slowly DCA and shift over.

all the best to you guys who are still holding.

I wish that I can follow your steps now.
Still in red sea!

i have 2 portfolio (both growth), the last n final 1 i actually did small topup every week because it was still swimming in red.. once i felt tat it is borderline breakeven, i quickly close the portfolio.
who knows.. USD keep dropping.. else i will be getting more than tat 0.03%... but then still no loss is better than loss..

Performance Review: July 2020

All three MYTHEO functional portfolios ended the month of July positively despite the US economy shrinking by 32.9% in the second quarter, which was the worst ever economic contraction in US history.

Our Thoughts
All three MYTHEO functional portfolios gained steadily despite the economy being at its worst. The Nasdaq Composite Index, which is heavily weighted to the US technology sector, rose to a new all-time high in July. Moreover, major commodities have also traded higher on the expectations that global demand is not too far away from recovering.

Investors should treat the current market scenario as a lesson to learn how the financial market works. In short, the financial market is not the economy! Markets are forward-looking, whereas the economy is backward-looking. Hence, it is no surprise to see the market and the economy moving in different directions.

More importantly, the financial market tends to move much earlier before the actual economic recovery can be seen and felt. Therefore, a weak economic situation should not be an excuse for one to not invest. Such excuses would only cause more losses than benefits.

That is why we strongly advise investors to invest consistently rather than trying to time the market. Always remember that the best time to invest was yesterday and next best time is always now.

https://www.mytheo.my/mytheo/blog-app/67-pe...eview-july-2020

Based on June report, the YTD for growth is at -13.08%. Strangely, they did not report the YTD for Jul. Not sure is intentional or...
https://www.mytheo.my/mytheo/blog/65-perfor...eview-june-2020

I hope many of u DCA enough to bring back growth portfolio to positive.

Hello.

How long does it take for you guys who closed portfolio to get back the money?

I submitted the request last Tuesday (11/8/2020), today (17/8/2020) i see my portfolio is 0. However when I check my bank account, I dont see the amount I withdrawed.

In the app, I don't see any pending withdrawal as well..

Have you receive email titled "Closing Withdrawal Settlement" on ur portfolio closure? if you did, then by right will you see the money in ur verified bank account soon. within the day or following.