Just wonder is my situation a bit weird.

Portfolio: US only

22.09.2021
- Deposited RM300 @10:48am
- From app:
total fund: RM1,985.77; earning: RM144.71, as @21.09.21, 10:48am

23.09.2021
From app:
- total fund: RM2,264.09; earning: RM123.02, as @22.09.21, 5:45pm
- Received email confirm deposit received and will invest in 1-2 business days

1. Why there is a difference RM278.31 between the original amount and the total fund in my account?
2. Why there is a drop on my earning if the newly deposited fund has not invested yet?

Not weird, the RM 278.31 is RM 300-(144.71-123.02)
144.71-123.02 being the drop in your earnings due to market fluctuations.

Not invested doest mean its not there, it just means its part of your cash holdings in your portfolio or hasnt bought shares yet. Its still part of your total asset portfolio.

TLDR: Difference of 278.31 is due to deposit net drop in market value.

This post has been edited by thecurious: Sep 22 2021, 06:50 PM

The portfolio amount is increased. But only increase RM278.31, where is the RM21.69 (is it exchange rate)?

Yesterday, HLAL is uptrend so why my earning will reduce?

Did you even read the whole post?

Fx rate fluctuation with monthly fees

It's not weird and its not exchange rate either. I think you're simply confusing total fund/balance with your net deposit.

Using your format:
@21.09.21, 10:48am
Total Fund: RM1,985.77
Earning: RM144.71
Total Deposit: RM 1985.77 - RM144.71 = RM 1841.06

@22.09.21, 5:45pm
Total Fund: RM2,264.09
Earning: RM123.02
Total Deposit = RM 2264.09 - RM 123.02 = RM 2141.07 (+RM300 From previous Total Deposit)

Haven't used the app in a while but I suspect there's a place where you can see net deposit rather than total fund. That should clear up your confusion.

Wahed is launching 4 new thematic portfolios soon. Just received their email yesterday. Includes China-A, Emerging Markets, Local REIT and Money Market. Still no details on what are the underlying funds. Also a new Foreign Currency Exchange Fee (1.00%).

Only Emerging Markets portfolio will get hit 1% because underlying USD and I suspect would be EEM

China-A most likely the same as the current ETF listed on Bursa as the diversified portfolios

Only local REIT and Money Markets which based in RM would be good if the fees are lower than 0.8% and have to see the underlying of it

How about HLAL (US portfolio only)? Why any deposit and withdrawal from this portfolio will incur 1% charge?

They are introduce more and more charge making me think that whether is it good to invest with Wahed for long term.

Yes. It will incur the charge.

Will this make you want to maintain or jump to other robo adviser?

Most probably will move to Most Agressive portfolio to circumvent the extra surcharge. 65% exposure to HLAL with 12.5% exposure to China. I'm still okay with it. But the main robo I DCA into is still Stashaway. Any extra spare change only will put into Wahed. I still don't have enough seed money to DIY 😣

I have limited budget and want to limit the cost on foreign exchange so I choose Wahed but recently they have many charges coming out.

SA only have 1 charge (0.2%-0.8%) annual fee and 0.1% on foreign exchange regardless on how many different type of portfolio the investors have right?

Their new charges really will add up. 1% in 1% out plus 0.79% annual management fees. 🤯

Yes. SA fees are as what you mentioned. There's no extra fees for their newly launched thematic portfolios too.

Same 1% incurred because is it in USD as Wahed is not able to absorb the FX charge just like FPX charges before

If you rather buy HLAL you will better off buying VOO or IVV long term for cheaper expense ratio

SA fixed charges all the way with lower charges as your portfolio gets bigger

Don’t forget FPX of RM1 for those who like to DCA

I have stop DCA using FPX, now using the manual deposit.

So far, my HLAL is positive, I am happy with it but keep adding additional fee may increase the cost in long term. If jump to SA, not sure will achieve positive result in 6mths - 1 year period as I need to start from scratch.

SA also have General investing portfolio and thematic portfolio. All looks attractive making me not sure which to select.

If you like HLAL purely you should instead channel buying VOO, SPY or IVV instead as you would have easily save 1% yearly while have better liquidity on when to enter and exit

HLAL too much on Apple and Tesla weightage coupled with fees biting them advertising it shows they are not able to manage and handle the clients money properly

I agree with you, they do not want to take the fee but this is how they manage their business.

SA also have fees but charge lower than Wahed. If I buy ETF myself, still need to incur foreign exchange fee. will the fee take about 0.9% of my AUM? What is your opinion?

Maybe profit so slow grow, thats why all silent.

slow slow grow is ok, better than no grow or long term red.