Money market fund
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 Nov 3 2022, 03:39 PM
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#1
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Senior Member
4,645 posts Joined: Jan 2003 
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QUOTE(alpha team @ Nov 3 2022, 02:41 PM) say i havve 50k short term plan to put in MMF, which 1 is better now in term of performance, stability, reputable? High unlikely that will happensis Versa good, i little worry about will it go close down suddenly, not office to any 1.  Even if it that happens the money is in trustee hence you can claim from Trustee instead |
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Apr 14 2023, 01:46 PM
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#2
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Senior Member
4,645 posts Joined: Jan 2003
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QUOTE(sweetpea123 @ Apr 14 2023, 12:56 PM) Does versa pay daily interest too? Already mentioned before π€¦ββοΈ monthly payout and rebates for 4% promo ratePrefer KDI cos its daily compounded interest and processing is faster |
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Apr 14 2023, 05:45 PM
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#3
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Senior Member
4,645 posts Joined: Jan 2003
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QUOTE(sweetpea123 @ Apr 14 2023, 02:21 PM) I know monthly payout but is the interest daily compounding like KDi?? KDI doesnβt have daily compounding in the 1st π€¦ββοΈIt is more fixed price unit and then daily returns while Versa variable price as it will changes roughly every 2 days because of fractional price If you donβt touch the money often then Versa it is worth it but liquidity wise is still KDI for better execution QUOTE(sweetpea123 @ Apr 14 2023, 03:58 PM) Oh then KDi is much better then. Versa has 4% promo now, that's why i am looking at it. π Yes in terms of liquidity wise QUOTE(Super2047 @ Apr 14 2023, 05:11 PM) I invested in MooMoo CashPlus before and we can see where they actually invested our money. In Malaysia, i went in to KDI website and they have no such information. The only thing they put big big is their return, but if who they invested defaulted on the money, then investor also will lose money. Seems like many people treat MMF as FD, but in actual FD carry no risk, but MMF do. Cannot compare MMF with FD as it is short duration vs fixed duration π€¦ββοΈDisclosure wise yes KDI is not that transparent but as long as it is regulated by SC you should not worry too much defaults as they are running a brokerage business which is more leveraged than KDI itself Ppl treat MMF not because like FD but because of liquidity unlike FD is stuck and pay upon duration is complete |
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Apr 14 2023, 06:06 PM
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#4
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Senior Member
4,645 posts Joined: Jan 2003
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QUOTE(sweetpea123 @ Apr 14 2023, 05:56 PM) It does. I had done the calculations when i deposited with them last year. Any changes this year, that i am not sure π It is only compounded after the returns goes into the net return 1st π€¦ββοΈTheir treasury product is a fixed price units not like Versa because Versa variable price to accumulate and then only do distribution via monthly payout |
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Apr 14 2023, 06:46 PM
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#5
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Senior Member
4,645 posts Joined: Jan 2003
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QUOTE(sweetpea123 @ Apr 14 2023, 06:28 PM) ??? π€π€π€ You use daily effective annual rate calculator and it will tell you why it is not π€¦ββοΈNvm. Your understanding and my understanding of daily compounded interest could be different π It is not straight fixed daily compounding rate |
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