Yes this is to build for long term, and Yup i dont mind seeing the losses.
Its probably just the same if im spending that RM40 on shopping.

Got new update. Now can invest in gold? Anyone knows how to do that?

Just click on "Select This Portfolio".
It should change to by selling all your on-hand holdings on other portfolio (different risk) and buy into the new portfolio (Gold).

97.5% allocation into TradePlus Shariah Gold Tracker.

This post has been edited by GrumpyNooby: Apr 12 2020, 07:26 PM

Let see if anyone is switching to pure gold portfolio

not sure if it is a good move for those who want to invest in gold index ETF since Wahed seem to be the first in Msia roboadvisor market to offer pure gold portfolio

The two etfs' biggest stakeholders are khazanah and Epf. Unlikely it will dissolve. Touch wood.

Gold is at an all high now. Once the crisis is over it will crash like the DJI few months back.

Someone shared this before;

https://www.theedgemarkets.com/article/valu...gement-business

Of course it is also stated that it is possible that the etf will be taken over by another fund management company

We're fully aware of this development.
That's why I'm really want to know what will happen in September 2020.

Like I have said earlier, the ETF's run by i-VCAP have serious problems.

At one point last month they were trading at significant premium and those who bought last month paid that premium and now it is trading at a discount. I tested it myself

Volume isn't the issue because one can look at the TradePlus Shariah Gold Tracker run by Affin and it has only a one cent spread even with low volume

If the excuse is given that it is a foreign ETF then look at the MyETF MSCI Malaysia Islamic Dividend and even that has the same issue which shouldn't be the case since all the assets are in Malaysia after all



The NAV for the ETF on that day was around 1.01 but the provider was willing to sell at 0.935

This post has been edited by zacknistelrooy: Apr 12 2020, 09:26 PM

To be honest that is the least of the problem, please anyone who invest in these two etf, take a look at the volume transacted per day and also the liquidity.

If there is market maker that will be easily snapped up, although that 300 there might just be the market maker queing at buy and sell

This post has been edited by backspace66: Apr 12 2020, 09:30 PM

So do we have any market maker now given the current local equity sentiment?

This post has been edited by GrumpyNooby: Apr 12 2020, 09:29 PM

That 300 is very likely the market maker because I have seen that number for months now.

Unlikely retail or institutional investors is outing the same queue every time


The market maker needs to have enough inventory in his books which seems in this case unlikely

Has less to do with local equity sentiment unless the market plunges in a few minutes


This post has been edited by zacknistelrooy: Apr 12 2020, 09:35 PM

So you have confidence that this robo-advisor will survive beyond September 2020?

This post has been edited by GrumpyNooby: Apr 12 2020, 09:34 PM

Maybe not for these two etf. We can infer about the fate of these two etf since they likely already have the info.

Yes but that doesn't mean one should invest in it now

Let them solve the issue then you can invest as they can easily switch to different products

If that's the case, should I switch to TradePlus Shariah Gold Tracker under Gold Portfolio?

You would need to ask those who did the withdrawal if the stuff that got sold were at a discount to NAV

That is the danger now if you sell and I am not sure at what price they would even sell it at


Sorry but I don't follow gold closely enough to have an opinion on it

https://www.bursamalaysia.com/market_inform...?ann_id=3043280

Take a look at the total amount of unit and its value. No wonder it is not justifiable for i-vcap to continue, fund too small.

What's the point of even using Wahed if they invest in the local market. Even their so called "US stocks" ETF is on the local market instead of the US and have almost non-existent trading volume. You might as well DIY and save money.

Shariah compliant?