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 Wahed Invest Malaysia, Good, Ok2, Bad?

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wira1979
post Nov 24 2020, 12:01 PM

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Been lurking for a while here. Finally decided to invest some money in Wahed mainly because of the Syariah compliance, exposure to the US and decent track record.

Went Very Aggressive because YOLO tongue.gif

Hoping to contribute to this thread. Cheers.
wira1979
post Nov 24 2020, 05:58 PM

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QUOTE(zstan @ Nov 24 2020, 01:59 PM)
welcome. USA is at all time high now so you may experience a crash or it will go even higher
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True. I'm hoping that once Biden comes in and this covid-19 nonsense is over, we'll see a steady rise.

I have a long investment horizon so not too concerned about short term crashes. Have been keeping my money in ASB exclusively, so would like to diversify my future investments to hopefully grow my retirement fund further/faster/bigger/etc.
wira1979
post Nov 28 2020, 03:07 PM

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QUOTE(brokenbomb @ Nov 26 2020, 10:49 AM)
Hmm. Your risk tolerance? Haha. If one time deposit today, next month crash. How you gonna react?

If dca monthly today, your first monthly deposit tiba2 next month all time high. How? Haha

Just do both? If it were me. Haha. Let say you have RM10k, 5k lump sum, the other 5k you put in asb or (savings account) first,

then slowly withdraw for DCA.
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I just one time deposit and hope for the best. Honestly, I'll be happy if Wahed outperforms ASB or EPF over the next 10 years.
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.
wira1979
post Dec 23 2020, 03:40 PM

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Wondering how do you see how much are being charged in fees? Just had my first months' statement but can't seem to find fee information.
wira1979
post Dec 23 2020, 04:02 PM

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QUOTE(GrumpyNooby @ Dec 23 2020, 03:43 PM)
Tap on "earned" hyperlink in blue.
Under Wahed Fees.
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Thanks man, wouldn't have been able to figure out on my own.

I assume they prorate your investment over the month as a base to charge fees. I tend to add to my investment towards the end of the month.

 

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