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 Wahed Invest Malaysia, Good, Ok2, Bad?

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preducer
post Nov 30 2020, 09:17 PM

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QUOTE(wanritsu @ Nov 30 2020, 06:16 PM)
how long does it take for wahed to start investing the money i put in? it has been almost 5 days since I deposited my money still nothing. or is this normal?
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Definitely not normal. When did u put?
wanritsu
post Dec 1 2020, 12:24 AM

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QUOTE(preducer @ Nov 30 2020, 09:17 PM)
Definitely not normal. When did u put?
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26th nov

Now it shows I have cash in my account but 0 in positions (sukuk, gold, etc)
wira1979
post Dec 1 2020, 09:36 AM

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QUOTE(wanritsu @ Dec 1 2020, 12:24 AM)
26th nov

Now it shows I have cash in my account but 0 in positions (sukuk, gold, etc)
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Same here. Took mine more than a week before my deposit was invested. If I recall correctly, it was about 8 or 9 calendar days.

Just chill and you'll see your money invested in a few days.
Kpjh
post Dec 1 2020, 02:35 PM

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QUOTE(wira1979 @ Dec 1 2020, 09:36 AM)
Same here. Took mine more than a week before my deposit was invested. If I recall correctly, it was about 8 or 9 calendar days.

Just chill and you'll see your money invested in a few days.
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Their email to us confirming transaction says 1-2 biz days. We shd write and ask. Timing is important in my view.
Kpjh
post Dec 1 2020, 03:10 PM

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QUOTE(Kpjh @ Dec 1 2020, 02:35 PM)
Their email to us confirming transaction says 1-2 biz days. We shd write and ask. Timing is important in my view.
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"Your money will be invested in your chosen portfolio within 1-2 business days."

I say we contact Wahed support and push for investment of funds received in 1-2 biz days, no more.
screwedpeep
post Dec 1 2020, 10:39 PM

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QUOTE(wanritsu @ Dec 1 2020, 12:24 AM)
26th nov

Now it shows I have cash in my account but 0 in positions (sukuk, gold, etc)
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You might want to contact them. I deposited on 26th, today already invested. 2 working days to process the deposit, 2 working days to allocate.
wanritsu
post Dec 2 2020, 07:42 AM

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Now it shows all the positions. I guess they took their time
lostxkitten
post Dec 2 2020, 07:52 AM

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QUOTE(wanritsu @ Dec 2 2020, 07:42 AM)
Now it shows all the positions. I guess they took their time
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So 3 days for them to receive the money (not including saturday&sunday).
Then, 1-2 days to get invested.
Quite normal for the first time.

For me, took less than one day to be invested (not first time)
Put money 10am yesterday, today woke up already invested.

This post has been edited by lostxkitten: Dec 2 2020, 08:19 AM
GrumpyNooby
post Dec 3 2020, 08:21 PM

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Market Review: 23 - 27 November 2020

Return of funds used by Wahed Invest were mixed last week, with HLAL +1.4%, RHB IBF 0.0% while MMID and GOLD declined -6.3% and -3.7% respectively. The S&P 500 posted a fresh record high last week, while the Dow Jones crossed the 30,000 mark for the first time on positive COVID-19 vaccine news. Trading was cut short, with Thursday off for Thanksgiving holiday and equity markets only trading in the morning session on Friday. Meanwhile, KLCI was up +0.9% after a rally on Thursday following the approval of Budget 2021 worth RM322.5 billion at the policy stage was offset by profit taking on Friday.

HLAL MMID RHB IBF GOLD
+1.4% -6.3% 0.0% -3.7%
Table 1: Week-on-week returns (23 Nov 2020 - 27 Nov 2020)

Market Outlook: 30 November 2020 - 4 December 2020

In the near term, the US market is still expected to react between further positive vaccines news and rapidly climbing COVID-19 cases and hospitalizations. Renewed shutdowns in certain regions could also add to short term volatility. Nevertheless, recent equity market gains are reflecting a positive sentiment for a post-vaccine rebound next year. Back home, KLCI could see a sustained stay above the 1600 level, now that the Budget 2021 has been approved at the policy stage. The third reading of the budget will be held on 15 December

Pressing Points: Diversification Remains Key In The Long Run

Year-to-date, all funds are performing well in terms of total return, with HLAL +17.9%, MMID +33.0%, RHB IBF +4.8% and GOLD +15.5%. The rising positive news on COVID-19 vaccine sets a solid foundation for longer-term market performance. However, there will still be bouts of volatility along the way and the long term upward path will not be smooth. Instead of focusing on the eventual blips along the way, investors are best served not only focusing on their investment goals, but also the diversification of their portfolios. By having exposure in a widely diversified portfolio, investors are guaranteed to get the most optimal long term return that commensurates their risk tolerance.

HLAL MMID RHB IBF GOLD
+17.9% +33.0% +4.8% 15.5%
Table 2: Year-to-date returns (1 Jan 2020 - 27 Nov 2020)
lee82gx
post Dec 7 2020, 11:44 AM

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hi, please educate at noob..

1. Website is not working? Must use app?

2. Can have more than 1 portfolio right? Since my account 1st portfolio is (max aggressive) is in progress of funding, is it blocking me from creating another portfolio?

zstan
post Dec 7 2020, 11:46 AM

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QUOTE(lee82gx @ Dec 7 2020, 11:44 AM)
hi, please educate at noob..

1. Website is not working? Must use app?

2. Can have more than 1 portfolio right? Since my account 1st portfolio is (max aggressive) is in progress of funding, is it blocking me from creating another portfolio?
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1. Yes only app.

2. Only 1 portfolio per email.


lee82gx
post Dec 7 2020, 11:57 AM

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thanks....this is not very convenient...see you guys on the other side!

GrumpyNooby
post Dec 7 2020, 05:53 PM

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Online survey worth RM 1 for every feedback from you!

Over a year of service and continuing to enrich your investing experience!

We would love it if you can share your experience and valuable feedback of using Wahed so we can keep improving ourselves to better service your needs!

Answer only 5 questions, and we’ll reward you with RM 5 investment bonus* to your portfolio.

user posted image

This reward is limited to the first 500 survey responses, so better hurry!

Survey link: https://wahedinvest.typeform.com/to/eeWpZBd...1ebee-381198233
AnasM
post Dec 7 2020, 07:20 PM

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QUOTE(GrumpyNooby @ Dec 7 2020, 05:53 PM)
Online survey worth RM 1 for every feedback from you!

Over a year of service and continuing to enrich your investing experience!

We would love it if you can share your experience and valuable feedback of using Wahed so we can keep improving ourselves to better service your needs!

Answer only 5 questions, and we’ll reward you with RM 5 investment bonus* to your portfolio.

user posted image

This reward is limited to the first 500 survey responses, so better hurry!

Survey link: https://wahedinvest.typeform.com/to/eeWpZBd...1ebee-381198233
*
This typeform isn't accepting new responses
ericlaiys
post Dec 7 2020, 07:35 PM

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QUOTE(AnasM @ Dec 7 2020, 07:20 PM)
This typeform isn't accepting new responses
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mean 5k limit hit
GrumpyNooby
post Dec 7 2020, 07:37 PM

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QUOTE(ericlaiys @ Dec 7 2020, 07:35 PM)
mean 5k limit hit
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500 or 5000?
ericlaiys
post Dec 7 2020, 08:54 PM

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QUOTE(GrumpyNooby @ Dec 7 2020, 07:37 PM)
500 or 5000?
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Lol..500, typo
GrumpyNooby
post Dec 9 2020, 09:32 PM

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Market Review: 30 November 2020 - 4 December 2020

HLAL MMID RHB IBF GOLD
+2.5% 0.0% -0.1% +2.1%
Table 1: Week-on-week returns (30 Nov 2020 - 4 Dec 2020)

Return of funds used by Wahed Invest were mixed last week.. The US market rally extended last week, with the S&P 500 reaching record highs again, reflecting expectations for additional fiscal stimulus.

Oil price gained after to a nine-month high after OPEC and its allies agreed to increase production more gradually than previously planned.

The US dollar hit a new 2.5 year low against major currencies. KLCI expectedly stayed above 1600 level last week, reaching a year-to-date high of 1628 before closing lower on Friday due to profit-taking on vaccine supply concerns and local political instability.

Market Outlook: 7 - 11 December 2020

For the US market, although vaccine hopes firm the outlook for growth next year, current conditions are showing the headwinds from a rapid increase in COVID-19 cases and the lockdowns across many regions.

In addition, an immediate fiscal aid deal is far from assured, as the Democrats and Republicans remain split on the size and targets of a new aid package.

The market movement next week will be tied to these two issues. Meanwhile, the KLCI is expected to see a temporary reaction from the news that Fitch Ratings’ downgraded Malaysia's long-term foreign-currency issuer default rating (IDR) to 'BBB+' from 'A-' with a stable outlook. Nevertheless, the market should still be supported by year-end window dressing activities, although some volatility could emerge from vaccine rollout concerns and the ongoing political jitters.

Pressing Points: Historically December Is A Positive Month For The Market

Year-to-date, all funds perform well in terms of total return, with HLAL +20.8%, MMID +33.0%, RHB IBF +4.7% and GOLD +17.9%.

HLAL MMID RHB IBF GOLD
+20.8% +33.0% +4.7% +17.9%
Table 2: Year-to-date returns (1 Jan 2020 - 4 Dec 2020)

Historically, December has been a positive month for both the US and Malaysia market, although the gains this year could be more muted as investors remain wary on many issues.

Long term investors should be unconcerned with the short term volatility as in the medium to longer term market will look past COVID-19 and focus on a speedy economic rebound. Staying invested is the best strategy, as time in the market is more important than timing the market.

A disciplined approach in investing will yield a better result in providing sufficient return to overcome the eventual decline in the value of money due to inflation.
seanlam
post Dec 11 2020, 03:19 PM

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wonder why mine sukuk RHB IBF still in negative territory, rest ok saja 🙄🤔
GrumpyNooby
post Dec 11 2020, 06:39 PM

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QUOTE(seanlam @ Dec 11 2020, 03:19 PM)
wonder why mine sukuk RHB IBF still in negative territory, rest ok saja 🙄🤔
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The holdings in Bright Focus and MEX II debt papers are substantia and dragging down its performance.

RHB IBF fund info: https://www.fsmone.com.my/funds/tools/facts...c=global-search



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