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 myTHEO MY, Invest in a Moment

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-CoupeFanatic-
post Jul 26 2019, 10:24 AM

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the minimum balance thing is quite a turn off tho
-CoupeFanatic-
post Aug 2 2019, 12:23 PM

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QUOTE(amylam @ Aug 2 2019, 11:11 AM)
not really event la haha, just a webinar
-CoupeFanatic-
post Aug 3 2019, 11:17 PM

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QUOTE(aurora97 @ Aug 2 2019, 10:18 PM)
The minimum balance is required because some investment/securities purchased have high entry coast. For Example: Off the counter (not fundsupermart) 1 Lot of Bond cost RM 250K. Also, there are cost incurred by the manager for maintaining and running the fund.

If the entry fee (or sales charge in the unit trust world) is your concern, just use fundsupermart.
The witholding is on the dividend/income not on the principal. Yout theory works, assuming your investment appreciate in value due to fluctuations in the price and no dividend/income is declared.

Do my dividends get taxed?
» Click to show Spoiler - click again to hide... «


However, you need to retain a minium of USD 25 in the account.
The minium amount is alright. The problem I have with it is probably because its traded in USD. IF the USD and your investment decides to take a divide, it's going to be double whammy.

Oh and the 6months celebratory period, not sure when its ending. Can throw RM 100 and see how it grow over time LOL.

Is there a minimum amount I need to invest?
» Click to show Spoiler - click again to hide... «

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lol if stashaway can do it, mytheo should be able to do that too.

not saying it's not a good platform, i'm not surprised if mytheo becomes the leading roboadvisor in malaysia.

but just this little things that turn investor off when there such a better alternative like stashaway

 

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