The Ex-BNM governor is what position in PNB?

chairman i guess. Not sure if it matters, since she is not from investment background

Lol the previous government wrecked PNB nicely. Gonna give this a skip then.

Was going to try it but reading thru here, seems like response is not very favorable. Maybe i wait and see

I thought it can open access to AUS equity market and also BTC like Raiz AU.

This post has been edited by GrumpyNooby: Jun 1 2020, 06:43 PM

i was initially excited coz i thought the same! why can't we have nice things

This reminds me of a fairly successful app using the exact concept in the UK. It's called Moneybox and it also invests spare change for you.

Maybe after few months later, they realize that it was a mistake like Wahed MY.

any sign up bonuz for raiz?

Why Wahed is a mistake?

If it's not a mistake, why are they doing the realignment exercise?

Will they add in more funds or wholly into ASN? 🤔

Was excited when they announced they will launch in msia with so much hoohaa in Aussie. Guess it kinda disappoints if its only investing in AAN.

Might as well just invest in FSM or Stashaway as some has said

Why not ppl direct buy ASN?

using Raiz can start smaller amount. ASN require min RM150

I invest RM100 on Monday and today value RM100.43

Does it mean no sales charge from ASN?

This post has been edited by Barricade: Jun 3 2020, 11:12 AM

Taxes and Fees

Do I have to pay taxes on money I make through my Raiz account?
Yes, you need to pay taxes on all realised capital gains. You can also deduct any realised capital losses.

How do Raiz make money?
Raiz is completely free to download. Once an account is opened, there are no fees on RM0 balances and after that we only charge RM1.50 per month for accounts with a balance under RM6,000 and 0.30% per year (charged monthly, computed daily), for accounts with a balance of RM6,000 and over.

How and when does Raiz receive its fee?
Fees will be charged on the last market trading day of the month. For accounts with balance over RM6,000, Raiz will sell fractional unit from your account to cover the fee. For Accounts with balance under RM6,000, fees will be charged to your debit card nominated under your Funding Account

more
https://raiz.com.my/support/

Because always sold out

ASN is always available.
But if you want ASNB fixed Price and you are non bumi then yes.

another nay factor that just because opened account but never invest, keep receiving email and SMS to ask for funding

sybari, look at the fees first only think about smaller amount or what. Anything below RM6,000 will charge RM1.50 per month. Let say u put in RM149? below ASN requirement, it will be 12% p.a. fees. You sure you did your calculation?