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

Bro, what alignment did they make? I haven't start with Wahed yet. So far now I put in a bit in Stashaway, FSM, and mainly at Opus Touch due to market conditions.

From Wahed Email
We will be upgrading your US Stocks portion of your portfolio with a fund with the following benefits*:

Diversification
Our new fund that we will be adding to your investment portfolio under the US Stocks asset class will provide a wider exposure to more than 200 of the largest shariah-compliant US companies from various industries whilst maintaining a low expense ratio.

Liquidity
Our new fund to replace the current ETF for the US Stocks that you have currently will provide greater liquidity due to the larger exchange where it is listed in. More liquidity means a more timely deposit allocation and withdrawals for you.
______________________________________________________

Our clients with portfolios that has a US Stocks allocation*, the upgrading process will lead to the following temporary conditions until the week ending 1st week of June 2020:

US Stocks Allocation
Your portfolio will not be allocated the US Stocks portion. Your funds allocated to US Stocks will remain as cash until the portfolio upgrade has been completed.


US Stocks Price Movements
As your US Stocks holdings are temporarily held in cash there will be no price movements for your US Stocks portion of your portfolio. Other assets in your portfolio will not be affected and it will continue to be invested during this period.


Withdrawal and Deposits
Feel free to make deposits and withdrawals during this period we will process it as per normal.

Once the portfolio upgrade has been completed, you will see a new updated fund under your US stocks holding. Your funds will be automatically invested to match your risk portfolio allocation.

This is their alignment:
Should be completed by Saturday (Malaysian time).

Thanks Bro.

I thought they are "Robo Advisors". Shouldn't the robo do the auto allocation and why there is "Human" step in and do alignment?

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/

I think they changed the faq cause I just looked at it, it says



Im guessing that means no need pay tax? also just invested rm100 yesterday n got a 6.71% change in value today

No tax for capital gain from equity market.
No tax for dividend received under single tier taxation.

6.71% return in 1 day? 

tbh I dunno anything bout investments, I only intended to use this as a piggy bank. all I know I'm investing in amanah saham national funds.

tbh I dunno anything bout investments, I only intended to use this as a piggy bank. all I know I'm investing in amanah saham national funds.

Is this into ASN EQUITY 3 (Variable Price)?

According to app its 100% ASN Imbang 2

Thanks!

I just want to know how's the number being derived from.

Based on ASN VP price from The Star Online: https://www.thestar.com.my/business/unit-trust?d=04-06-2020

Price for ASN Imbang 2 is below:

2/6: 0.8788
3/6: 0.8855
4/6: 0.8913

Return between 4/6 and 3/6 is just 0.65%
Return between 2/6 and 3/6 is 0.76%
Return between 2/6 and 4/6 is 1.42%

Interesting, where does the 6.71% come from? 

it is better to buy from ASNB apps directly if u already have account?

Buying directly with ASNB only - there's a sales charge of 2%. There's also annual management fees of 1% p.a. In terms of fees, I think Raiz is cheaper

Its actually looks like its cheaper to buy ASNB funds via Raiz, esp if you have more than 6k. I have the ASNB app, but the fees are still very significant. For example, if you want to invest in the more conservative ASNB Sara funds, there is a sales charge of 1.5% for each transaction and an annual management fee of 1%. If you invested 6k as a lump sum at the start of the year, you'll give away a total of 2.5% of that 6k by the end of the year.

Raiz appears to only have an annual management fee of just 0.3% and no sales charges. So it looks like a steal! No switching fees also.

Ehh, Raiz no need to pay the sales charge meh? If Raiz is paying and not charging us, then not easy for Raiz to earn

I dont see the sales charges in the website so i assumed don't have to pay. After all, the app is a JV with PNB as well.

Hopefully someone who has used the app can enlighten us.

No service charge. No withdrawal fee. Straight to the point RM1.50 fee per month below 6k and 0.3% per annum above 6k

Also withdrawal takes few days so there could be difference in the final withdrawal amount compared to the value you see in the app on the day you withdraw