I put a bit in WAHED and the return looks impressive after only 1 month.
1. Anyone withdraw before and how much is the fee?
2. Is WAHED still safe? curious by reading last year's posts here
Thanks!
Wahed Invest Malaysia, Good, Ok2, Bad?
Wahed Invest Malaysia, Good, Ok2, Bad?
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Jul 5 2024, 07:36 AM
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#2541
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Junior Member
253 posts Joined: Jan 2003 From: KL, Cheras, Kajang, Balakong, MINES |
I put a bit in WAHED and the return looks impressive after only 1 month.
1. Anyone withdraw before and how much is the fee? 2. Is WAHED still safe? curious by reading last year's posts here Thanks! |
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Jul 5 2024, 08:27 AM
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Senior Member
6,638 posts Joined: Jan 2003 From: "New Castle" |
QUOTE(meors @ Jul 5 2024, 07:36 AM) I put a bit in WAHED and the return looks impressive after only 1 month. In it for I think 3 years now. Withdraw few 2 times, contribute monthly.1. Anyone withdraw before and how much is the fee? 2. Is WAHED still safe? curious by reading last year's posts here Thanks! 1. No idea since the investment makes up for it. More like sayang loose out, unless very necessary. 2. Yes. I think got license to operate in Malaysia from SC. |
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Jul 5 2024, 09:55 AM
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#2543
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Junior Member
253 posts Joined: Jan 2003 From: KL, Cheras, Kajang, Balakong, MINES |
QUOTE(mystvearn @ Jul 5 2024, 08:27 AM) In it for I think 3 years now. Withdraw few 2 times, contribute monthly. ok cool, want to add more but sceptical. will add a bit more. thanks!1. No idea since the investment makes up for it. More like sayang loose out, unless very necessary. 2. Yes. I think got license to operate in Malaysia from SC. |
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Jul 5 2024, 11:02 AM
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Senior Member
6,638 posts Joined: Jan 2003 From: "New Castle" |
QUOTE(meors @ Jul 5 2024, 09:55 AM) I entered the a lot (5 digits) , then withdraw the whole amount to test. Works. Noticed that deposited take few days depending on on holiday. Withdrawal of takes 2 weeks. So if you need instant cash on hand, something like tng go+ or aeon bank savings pot (and even current account) will be better. Also, I noticed that as Wahed is an ETF, making rash decisions based on market fluctuations will result in lost in long term or lower dividends. You have to actually make an effort to understand the nature of each ETFs offered, which individual company in each ETF, market conditions. Then only make an investment. I also had made knee-jerk decisions because of market conditions only to reverse the decision few hours later. Luckily no charge. Sticking to your investment thesis works long term. Only that, people are not bothered/remain calm if their portfolio go up by 50%, but freak out when their portfolio goes down by 10%. Also, don't discount your gut feeling if something doesn't seem right. It took me more than 6 months to get settled down. Understanding what my tolerance is. Remember, nothing goes up forever and you can actually loose money. meors liked this post
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Jul 5 2024, 11:14 AM
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#2545
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Junior Member
253 posts Joined: Jan 2003 From: KL, Cheras, Kajang, Balakong, MINES |
QUOTE(mystvearn @ Jul 5 2024, 11:02 AM) I entered the a lot (5 digits) , then withdraw the whole amount to test. Works. thanks bro, that is classic human biases, we value failure/loss greater than they are even the odds are 50/50.Noticed that deposited take few days depending on on holiday. Withdrawal of takes 2 weeks. So if you need instant cash on hand, something like tng go+ or aeon bank savings pot (and even current account) will be better. Also, I noticed that as Wahed is an ETF, making rash decisions based on market fluctuations will result in lost in long term or lower dividends. You have to actually make an effort to understand the nature of each ETFs offered, which individual company in each ETF, market conditions. Then only make an investment. I also had made knee-jerk decisions because of market conditions only to reverse the decision few hours later. Luckily no charge. Sticking to your investment thesis works long term. Only that, people are not bothered/remain calm if their portfolio go up by 50%, but freak out when their portfolio goes down by 10%. Also, don't discount your gut feeling if something doesn't seem right. It took me more than 6 months to get settled down. Understanding what my tolerance is. Remember, nothing goes up forever and you can actually loose money. (Thinking Fast, Slow - Daniel Kahneman/Amos Tversky) ok, will add more into the fund then, thanks! *I am impressed with all the mature comments here |
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Jul 14 2024, 08:44 PM
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Junior Member
253 posts Joined: Jan 2003 From: KL, Cheras, Kajang, Balakong, MINES |
Hi all, a bit curious about fund deposit.
I created another account within the same app, deposit RM6k, however after 2 days, it says successful but the amount is: 5,940.51. I deposited 3 times for the 1st account and never shown lesser. Checked the transaction history, only shown RM3.28 Is there any other place to find where the RM60 went to? Thanks! |
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Nov 1 2024, 10:42 AM
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#2547
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Senior Member
1,505 posts Joined: Dec 2006 From: Subang Jaya, Selangor |
QUOTE(meors @ Jul 14 2024, 08:44 PM) Hi all, a bit curious about fund deposit. Your second portfolio must be US Stocks. It has a 1% forex conversion fee iinm.I created another account within the same app, deposit RM6k, however after 2 days, it says successful but the amount is: 5,940.51. I deposited 3 times for the 1st account and never shown lesser. Checked the transaction history, only shown RM3.28 Is there any other place to find where the RM60 went to? Thanks! Your first portfolio doesn’t have this. |
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Nov 2 2024, 06:05 PM
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Junior Member
253 posts Joined: Jan 2003 From: KL, Cheras, Kajang, Balakong, MINES |
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Feb 10 2025, 09:47 AM
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Senior Member
2,268 posts Joined: Nov 2004 |
anyone having issues to withdraw lately?
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Mar 25 2025, 11:49 AM
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2,666 posts Joined: Sep 2006 |
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