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 Wahed Invest Malaysia, Good, Ok2, Bad?

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balf
post Mar 4 2020, 04:41 PM

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QUOTE(Adam77 @ Mar 4 2020, 04:34 PM)
I believe the qty of units and cost basis price remain constant unless we make additional deposit, but then how come regardless of whatever the market price (on daily basis) the cash allocation remain constant at 2.50% with no gain or loss???? To me, cash amount simply constitutes 2.50% of the total investment value net off total unrealised gain/loss of other asset class... damn Iā€™m confused šŸ¤·ā€ā™‚ļø

Can anyone shed some light please šŸ™šŸ™
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said ady, cash 2.5% is keep in MYR, 1 myr is always 1 myr, how u want to gain or loss?
balf
post Mar 4 2020, 04:43 PM

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QUOTE(GrumpyNooby @ Mar 4 2020, 04:40 PM)
I have been trying to find the connection between the ETF and US market.
Apparently there's no clear indication.
I give up! bye.gif
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i wonder why u feel confused...i feel everything is so clear and transparent now
balf
post Mar 4 2020, 04:49 PM

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QUOTE(GrumpyNooby @ Mar 4 2020, 04:46 PM)
He's finding the correlation among the assets.
I'm finding the correlation the ETF and US market.
Maybe it's not important for some people but I felt it is important to understand what are you investing into.
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everything can be find and read, i just read the annual report today,from there u can see the % contribution of the US stock to this METFUS50 and hopefully can find your answer too
https://www.myetf.com.my/en/MyETF-Series/My...w?cat=Factsheet
balf
post Mar 4 2020, 10:32 PM

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QUOTE(Bumi Invest20 @ Mar 4 2020, 10:15 PM)
Anybody knows what time Wahed updates our daily portfolio performance?
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i think.about 4am
balf
post Mar 5 2020, 08:23 AM

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QUOTE(hft @ Mar 4 2020, 11:04 PM)
Many people put lots of money here? I prefer forex but like to diversify my capital.
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my money mostly goes to forex & crypto lolz....wahed just little portion but getting bigger now....diversify is the key
balf
post Mar 5 2020, 08:31 AM

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QUOTE(GrumpyNooby @ Mar 5 2020, 08:24 AM)
How big?
What is ratio of your total investment portfolio?
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i classify my investment to "Low" & "High" risk, ratio is now 20:80, im planning to make 50:50. But wahed is just 1 of few Low risk program I joined. Even low risk not gonna put all eggs in 1 basket.
balf
post Mar 6 2020, 09:02 AM

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QUOTE(GrumpyNooby @ Mar 6 2020, 08:11 AM)
US market drops 3.5% overnight.
What's the plan?
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see the METFUS50 market price today, might pump another 5% of my bullet first, wait the market open first
balf
post Mar 6 2020, 05:17 PM

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QUOTE(GrumpyNooby @ Mar 6 2020, 03:26 PM)
When 3 markets plus Russell 2000 down > 3% at the same time overnight but MyETF-US50 has little impact, does that even make sense at all?

Dow Jone Industrial Average - 30 big/mega cap on several sector *can be ignored*
S&P 500 - 500 companies from several sectors *a good indication of broader market*
NASDAQ - tech sector heavy index, no pure financial *could be good selection to form Shariah complaint fund*
Russell 2000 - mid to small cap companies

MyETF-US50 Top 10 Holdings
user posted image

MyETF-US50 Sectors Allocation
user posted image
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if u looking for any sense in the market...no there is not necessary to have any sense.
What i can tell u is that METFUS50 has its own index methodology to calculate the price, and the problem in malaysia ETF is that the trading volume is too low.
Like today, there is no trading in the market and thus the price didn't move up & down.

however, when the price goes too far from the NAV, the market price will do self-adjustment eventually.

historical price against NAV can be found here:

https://www.myetf.com.my/en/MyETF-Series/My...rical-NAV-Price

This post has been edited by balf: Mar 6 2020, 05:18 PM
balf
post Mar 7 2020, 09:16 AM

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QUOTE(abcn1n @ Mar 7 2020, 12:25 AM)
If I understand correctly, looking at the 5th March, isn't it scary that the price we pay is much higher than the NAV--in fact it seems to be the widest so far. If so, then price will have to drop right, and then our porfolio value will decline
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it will adjust towards NAV eventually as i said, so yes it will drop eventually if NAV keep on moving downward.
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