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 Wahed Invest Malaysia, Good, Ok2, Bad?

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meors
post Jul 5 2024, 07:36 AM

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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!
mystvearn
post Jul 5 2024, 08:27 AM

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QUOTE(meors @ Jul 5 2024, 07:36 AM)
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!
*
In it for I think 3 years now. Withdraw few 2 times, contribute monthly.

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.
meors
post Jul 5 2024, 09:55 AM

Getting Started
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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.

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.
*
ok cool, want to add more but sceptical. will add a bit more. thanks!
mystvearn
post Jul 5 2024, 11:02 AM

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QUOTE(meors @ Jul 5 2024, 09:55 AM)
ok cool, want to add more but sceptical. will add a bit more. thanks!
*
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
post Jul 5 2024, 11:14 AM

Getting Started
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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.

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.
*
thanks bro, that is classic human biases, we value failure/loss greater than they are even the odds are 50/50.
(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
meors
post Jul 14 2024, 08:44 PM

Getting Started
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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!
Nidz
post Nov 1 2024, 10:42 AM

Don't Be Average!!
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Joined: Dec 2006
From: Subang Jaya, Selangor


QUOTE(meors @ Jul 14 2024, 08:44 PM)
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!
*
Your second portfolio must be US Stocks. It has a 1% forex conversion fee iinm.

Your first portfolio doesn’t have this.
meors
post Nov 2 2024, 06:05 PM

Getting Started
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Junior Member
253 posts

Joined: Jan 2003
From: KL, Cheras, Kajang, Balakong, MINES


QUOTE(Nidz @ Nov 1 2024, 10:42 AM)
Your second portfolio must be US Stocks. It has a 1% forex conversion fee iinm.

Your first portfolio doesn’t have this.
*
ah no wonder, a bit unfortunate in term of timing when USD weakening smile.gif
learned my lesson, thanks!
eternity4av
post Feb 10 2025, 09:47 AM

♥ ♥ ♥ taeyeon
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anyone having issues to withdraw lately?
jimbet1337
post Mar 25 2025, 11:49 AM

meh
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QUOTE(eternity4av @ Feb 10 2025, 09:47 AM)
anyone having issues to withdraw lately?
*
what kind of issue?

 

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