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 myTHEO MY, Invest in a Moment

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4eyeco
post Jul 23 2020, 04:56 PM

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Hi all.

Realised that the thread on MT is not as active as SA or Wahed.

Any particular reasons why you guys prefer SA/Wahed over MT?

Considering whether to start MT or not. Any sharing is appreciated.
4eyeco
post Jul 23 2020, 06:47 PM

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thanks for the sharing!

I put a small amount in before reading this thread.

I noticed there is a minimum amount of USD25 to maintain in the account.

Is closing my account the only way to withdraw everything? or will they forfeit the USD25 as well?

Anyone tried closing account? Were you able to withdraw everything?
4eyeco
post Aug 4 2020, 02:55 PM

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QUOTE(omegaoracle @ Aug 4 2020, 02:31 PM)
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
4eyeco
post Aug 4 2020, 02:57 PM

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Forgotten to mention, I started all 3 on the same day (last month) and have been DCA-ing the same amount weekly.
4eyeco
post Aug 7 2020, 01:30 PM

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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.
4eyeco
post Aug 7 2020, 01:49 PM

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QUOTE(GrumpyNooby @ Aug 7 2020, 01:31 PM)
USD-MYR loss/gain

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

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
4eyeco
post Aug 7 2020, 01:51 PM

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QUOTE(GrumpyNooby @ Aug 7 2020, 01:49 PM)
Portfolio Return in MYR = Portfolio Return in USD+Change in USD:MYR rate

https://www.mytheo.my/mytheo/blog/28-foreig...-term-investing
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Ok, understand now.

Thanks for pointing out! biggrin.gif
4eyeco
post Aug 17 2020, 12:07 PM

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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..


4eyeco
post Aug 17 2020, 02:06 PM

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QUOTE(sohailili @ Aug 17 2020, 01:43 PM)
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.
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Yes, I have received that email. Hence, I am wondering why I couldn't see the amount in my verified bank account.

Just contacted MyTheo, and they told me it should be reflected by 5pm today.

Thanks!

 

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