Its been a month since I plopped down RM6k into the app in a Conservative portfolio. So far have made RM264 within the month itself. Most probably is because of the surge in the KLCI due to people buying glove lol

Wow.. A month earn about 8% - do you top up in the middle or just left 6K until now?

Didn't top up. Placed 6k back in June and left it at that

So this is 2nd SAMY which can potentially generate double digit return?

Wow.. A month earn about 8% - do you top up in the middle or just left 6K until now?

As much as I welcome the concept of investing pocket change, I can’t help but to think that all these features comes with a cost.

Investing should be a habit and not an afterthought coming from the spare change of your meal

How much can you save from your spare change monthly? Rm50-100? Not to forget Raiz is charging minimum RM1.50 per MONTH for amount less than RM6,000. You will be paying 1.5% monthly fee if you are investing RM100 in Raiz. That is equivalent to 18% annual fee; in contrast Stashaway has no minimum fee charge and they are charging 0.8% annual fee.

If you ask me, Raiz is definitely not suitable for “spare change” investing. The fee charge will eat up your funds before you know it. I can foresee many youngster who is not serious in investing but wanting to dip their feet into the pool get mediocre return over the years.

If you want to invest, get serious and set up a regular saving plan and not just invest your spare change.

Not to forget Raiz is charging minimum RM1.50 per MONTH for amount less than RM6,000. You will be paying 1.5% monthly fee if you are investing RM100 in Raiz. That is equivalent to 18% annual fee

This statement, I would like to know the 18% annual fee is based on which calculation?

Just wondering, anyone here tried/used https://wahedinvest.com/ before? If yes, how does it compare to  Raiz?

Just wondering, anyone here tried/used https://wahedinvest.com/ before? If yes, how does it compare to  Raiz?

1.5% monthly * 12 months = 18%

Hurmm.... I have some opinion for this calculation.
RM1.50 per months=1.5% for RM100 each months
RM1.50 * 12 months = RM18 for RM1200 (12 months)
RM18 = 1.5% for 12 months / per annum

Does this more accurate? Since it charge as RM1.50 not 1.5%

My calculation is based on rm100 in your portfolio, of course as you DCA more you will get lower and lower % until you hit 0.30% annually at RM6k.

My point is, since it is fixed RM1.50, the annualized fee can be very high if you are not investing a lot.

I see, than it is correct, if this better prefer FD or ASNB

I see, than it is correct, if this better prefer FD or ASNB

But if you are investing more than 6k, 0.30% fee is very attractive

In which means the higher your investment the lower been charged in %

Its been a month since I plopped down RM6k into the app in a Conservative portfolio. So far have made RM264 within the month itself. Most probably is because of the surge in the KLCI due to people buying glove lol