Versa said their 2.46% don't know how accurate.

I have always like Versa before Stashaway simple. This is because faster withdrawal time. Glad finally it's live.

Stashaway simple must have passport or account cannot be used.
Endowus cash. Must have minimum sgd10k inside at all time.
Alternatively buy psudo bond stocks like parkway Life REIT.

Don't bother with sg MMF. Use the money to invest.

Yes.

Betterment is only for us people. Unless you have us address or social security number you cannot open betterment account.



This post has been edited by Ramjade: Jan 31 2021, 02:12 PM

Syfe does not have money market fund.

This post has been edited by Ramjade: Jan 31 2021, 03:45 PM

Thanks. Must be new stuff. Never followed them. I know when they started they don't have syfe cash+

If OPR decrease the amount of returns in your MMF also decrease. Vice versa. If you want it to be simple.

Normal. Last time I tried with IC, they told me Malaysia IC not valid. Already deposit money. Have to withdraw. I never use stashaway for investing just for parking money.

Yup. Normal stuff. Some stupid MAS requirement shit.

This post has been edited by Ramjade: Feb 2 2021, 08:18 PM

If opr goes down, bond yield (but price goes up), fixed deposit interest, loan interest, savings account interest all drop.

Since mmf invest in FD and bonds, if interest rate drop, MMF is getting paid back lesser. Hence return in MMF also drop.

Opr is basically central bank interest rate. Dropping interest rate is thought to stimulate the economy as debt now become cheaper which means company save more by getting cheap debt. The savings use can be use to expand business.

Of course if interest rate drop, savers lose. You don't even need to know the details of it or how or why it happend. Just know that opr drop, all interest drop. Less headache.

Amount of cash is important. Cash doesn't give any interest. Hence the more cash a unit trust keep, the lesser the return as you are keeping something which does not increase overtime.

I have no background in finance or economy but this simple stuff is simple. Just keep it simple.

This post has been edited by Ramjade: Feb 4 2021, 12:14 PM

I thought is the other way around. Affin was giving 2.46 and Eastspring was giving 1.8x%

Forget about Phillip already. I dump it for Stashaway simple then Versa.

If you will want Phillip can get from official site. Scroll to the bottom.
It's 1.77%p.a
https://www.eunittrust.com.my/

I now use versa only. Last return on the app mentiond fund give 2.46%p.a On website said 2.4%. Very decent.

Stashaway is slow.
Versa is faster in withdrawal.
Not sure about liquidity for versa. Going to test soon. It's basically T+1 day.

Account opening is very easy. All from app.

Anything about versa is they give overnight rates. Which means when your money is stuck in limbo (between fpx and versa) you still get paid.

Any service charge?
What's the return?
How fast is he liquidaty?

Money money fund think of it as high interest savings account.
They invest in FD, govt bonds and short term bonds 1-3 months to give you higher interest than normal FD (around promo FD rates without the lockup and penalty like FD)

Unlike saving account where you can get instant withdrawal with mmf,you need to wait 1-3days. Depending on funds.

This post has been edited by Ramjade: Feb 21 2021, 09:13 AM

Addition overnight interest when money is in limbo.

Here you go.
https://versa.com.my/
Upon signing up you will get email from both versa and affin hwang.

I have always use mmf VS FD cause I like the liquidity that MMF give.

No website available. Unfortunately.
I use a separate phone for banking.

Can. Once account approved. Today Sunday. Wait for account to be approved (check your email). If not approved yet, of course cannot. I had to wait for my account to be approved.

Only FPX available.

Next crash maybe next year already.

If you have nothing to buy, just keep cash.

1.35% is damn low.