Thanks for answering, minimum 6k to play with this game 😏

As long as you think can cover the fee, than is your own call.

If you want a place to put your RM 50 - RM 100 and let it do its earning without thinking much. You can consider the following options

1) Classic mutual funds / unit trusts from FSM (Try to go for the ones with the lowest sales charges)
2) Robo-advisory (StashAway/Waheed/myTheo - These ones do not charge fixed fees like Raiz. The fees is around 1% p.a. no matter how much you put in)

Better don't as minimum management fee is rm1.50 per month

Wholly agreed as it will eat up your savings for no reason even with gain of 2% per month

Raiz robo is smarter than a lot ppl who would know 😂

So what is this raiz robo do?
If you on Conservative then it is always 80% asn Sara and 20% equity 3
What is there to need a robot?

I don't think its trying to market itself as a robo-advisor. I certainly don't see it trying to say it is one on its website.

You are right

The robo-advisor or AI thing is not so advanced and intelligent as you guys expecting.

It will only try to rebalance to the preset weightage once valuation exceeded or new additional investment (top up) added.

This robo algorithm will make sure that the gain will always be less than lesser than what the investors calculate

Because computational compounds factors hence the robo will always gain over the investors no matter what and with factor daily charges hence rounding gain by Raiz.

It’s already happen with Grab in Malaysia as most people doesn’t realise it

It’s basically rounding robo advisor gain

Oh ini macam
Then rm1.50 really not worth it lo

Time to cash out!

You always ask me cash out saja
I learn UT is 3 to 5 years ma
This Raiz is UT so I will cash out after 3 to 5 years lo

You always have a mindset of people cheating your money since few weeks ago.

Later negative valuation on hand drops to red sea region how?

This post has been edited by GrumpyNooby: Aug 3 2020, 09:05 AM

Play safe ma
Anyway cheat vs investment is different
We confirm the platform does not cheat money then we move on to trust the platform
After we trust the platform we start investing more regularly
After that we understand further how the platform actually works
In case of raiz it is nothing special since it has only 3 portfolio and inside the 3 is all asn products
They don't do optimization or even add more products

I never worry at all as they're registered with SC.
I can always lodge a complaint to SC, SIRDEC or even FIMM if there's any element of fraud.

Betul tapi kena cheat already too late lo
Better test water dulu ma
Again I wish raiz will say since market cash so badly we will optimise your portfolio to our fix price product
Hahaha

My account was deducted RM100 for my initial Raiz investment on 30th July, but it is still not showing on my Raiz app.

How long does it usually take?

For me it's takes one working day.

1 hari max 2 hari
Working days