Dead market buy fund? Good luck to u

Hm... avoid dude. Avoid.

The whole port will be Malaysia base.

Just avoid... unless they change to etf or what... mutual fund does not need robo.

I think the idea is to invest your pocket change, that’s all.

Hm... avoid dude. Avoid.

The whole port will be Malaysia base.

Just avoid... unless they change to etf or what... mutual fund does not need robo.

I think the idea is to invest your pocket change, that’s all.

Dead market buy fund? Good luck to u

0.30% per year consider high ?

Literally makes no sense. Just cut out the middleman and invest in ASN yourself.

The app is available to download and register.

https://raiz.com.my/

Three risk for you to choose from.
Fees:

RM1.50 per month for RM6000 and under
0.3% pa for above RM6000

https://apps.apple.com/my/app/raiz/id1501139628

tried searching their website but can't pinpoint what funds are in their portfolio.

any kinds souls here who have signed up for the app wanna share the exact funds they invest in? preferably the 'aggressive' portfolio 

i see some forumers say they invest in ASN Variable Price Fund. so that's 100% in that fund?

All Raiz investment portfolios are investing in unit trust funds managed by Amanah Saham Nasional Berhad (ASNB), a wholly-owned subsidiary company of Permodalan Nasional Berhad (PNB).
https://raiz.com.my/blog/

Any advantage of investing via Raiz vs investing divertly with ASNB?

most probably I think the main advantage is helping one with limited amount of money to form a UT portfolio that are consisted of various funds

for that help, one has to fork out the "extra" charges ....

The scope is only for ASX VP funds not ASX FP funds right? 

taken from myasnb website

so ya. the ASN Equiti Tiga is.. ok la i guess

Are my eyes not OK?
I see the prices for almost all the funds are on the downward trend (sliding down).

hahaha cannot be more than the God funds (ASB1 and 2)

so guys, move along, wahed and stashaway it is. 

taken from myasnb website

so ya. the ASN Equiti Tiga is.. ok la i guess

taken from myasnb website

so ya. the ASN Equiti Tiga is.. ok la i guess

ASN Equity 3 fund performance as at 29 Feb 2020
from
https://www.asnb.com.my/pdf/produk/FUNDFACT...ac/ASN%20E3.pdf

Maybe jalal rashid can make some magic, nobody knows. This guy is suppose to be a game changer for pnb. Still, there is no info in the sales charge from the fund, is it waived or reduced signifcantly compared to investing in those fund by yourself.

Who is he?

New PNB ceo

https://www.theedgemarkets.com/article/spec...done-not-my-age

The Ex-BNM governor is what position in PNB?

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

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

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

Why Wahed is a mistake?

Why not ppl direct buy ASN?

Why not ppl direct buy ASN?

Because always sold out 

using Raiz can start smaller amount. ASN require min RM150

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/

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

will this Raiz app runaway after they received significant amount? then whatever investment will gone

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 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

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

No sales charges

Seems like no sales charge etc. Thanks for all the answers

Can confirm too; this response from Raiz after I keep prodding them for an answer.

Rest assured that the only fees our users will be charge are the account fees at the end of the month, there is no deposit, sales, or withdrawal charge whatsoever. This is what makes Raiz beginner-friendly, we will handle most of the formalities and cost making it easy to invest for our users.

Account got verified this morning, made a request for deposit of RM100 & they already accepted it. Now to see turnaround in investing it. Looks good, 6K dump ahoy. I had an extremely unpleasant & embarrassing experience going to the bank to buy ASNB before. The bank clerk who attended to me did not even put in any effort to enlighten carefully the steps required to get started with ASNB; she was just contented to making me frustrated so that she doesn't wanna file the paperwork. 

I emailed them to confirm their fees and what ASNB funds they invest in. Here's their response



Seems like a steal to me. I'm going to redeem my current ASNB VP holdings sometime this week and put them in here instead.

Thanks. Wow, the clerk so lazy. She should be trying to sell to you the funds. Sorry for your bad experience.
Good to have black and white from them

I emailed them to confirm their fees and what ASNB funds they invest in. Here's their response



Seems like a steal to me. I'm going to redeem my current ASNB VP holdings sometime this week and put them in here instead.

How does the fee compare to if we buy directly from ASN?