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This post has been edited by extinct_83: Mar 15 2021, 12:19 AM

Can someone elaborate on this image here?

The balance always changes on day to day basis

This post has been edited by ahchat: Mar 17 2021, 10:04 AM


Attached thumbnail(s)

You quoted the answer to your question in the post lol

This number behind the purple background is the unrealized profits/lost + your contribution. If you click the 'Past' tap at the top (next to 'Today') you'll see more detail of how much you have contributed at 'Invested by you' and how much profit/losses at "Market returns". If you get dividends, it will be posted at "Reinvested dividends".

moving out once i breakeven. should have known asnb variable fund are only so so

Why wait till breakeven? Lost too much?

yup, bad timing i guess. within days only drop already. lol.

How much returns your guys gained from this ?

This thread still alive ah? Or everyone close account already lol

Did anyone notice that dividend is not included into the account value?

My understanding is your account value should be Invested by You + Market Return + Dividend

Now is just Invested by You + Market Return, means you cant withdraw your dividend

Or did I misunderstood something here?

for that, i googled and found this

Won’t I earn distributions from my portfolio?
Yes, you will! Your distributions will be automatically reinvested in your portfolio. You can view your distribution history through the Raiz app.

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

instant regret. waiting to breakeven before moving all out.

I'm not talking about distributions la, I'm talking about withdrawing what is suppose to be the total value of my account.


Updated: Support finally replied, turns out the dividend is already included in the account value, just the app doesn't list out the detail transaction, which is another thing I don't quite like a bout Raiz

Requested for account closure already so bye Raiz!

This post has been edited by yayai: Apr 9 2021, 09:46 AM

just closed the account last week with 0.33% profit in 6 months. im surprised there is even profit.

I just withdraw the money from Raiz.
I started invested from last October with monthly RM 30 contribution and some auto round-up. Aggressive profolio which were ASE3 (80%) and ASNS1 (20 %)
FInally i got RM 13.04 return.....

The key reason i found their monthly maintenance fee was higher than expectation.
Example: If i invested RM 480, even no withdraw, they will still charge RM 1.5 as maintenance fee.
So the total maintenance fee is RM 1.5 x 12 = RM 18
RM18/RM 480 = 3.75 % per annum.

For easier calculation, Take note that if there are no variation of the fund value, you still need to pay RM 1.5 each month, unless you reach RM 6000 value and the fee change to 0.3 %. so it is reoccurance of 3.75 % or RM 18 per year

If you buy through online ASNB portal, it just 2 % one-short and you didn't need to bother any maintenance fee
https://www.asnb.com.my/asnbv2_2funds_EN.php#asn-e3

So in summary, my review is neutral for Raiz, this is actually for those to let the app directly Auto deduct the value and maintain investment discipline...
But if for those investor whom can directly invest, then you can save some fees in long run.









This post has been edited by Shining star: Sep 21 2021, 10:11 AM

Well done on reviewing and realizing it.
But just saying, you could have avoided it if you read the first page.

yes, but i think you may be misunderstood.
It should be giving a try for any new investment scheme...

Ofcourse, as careful invester, i read all the pages and trace the investment.
The market didn't perform well to supercede the return.

Furthermore, i compare the return from Raiz vs if i directly invest it.
I found it better to do directly to save the cost, at least from maintenance fee point of view.

Anyway, thanks for sharing the idea.
At least we learn a lesson what to do....

Nope, no misunderstanding unless you mis represented your points.
Your summary about direct investing and maintenance fees are all discussed in the first few pages already.
But anyway you already found out after experiencing it yourself. Just saying you could have avoided it.

Let wait for other to check whether my points are correct...

I think Raiz is same like Stashaway and Wahed?
Have you read those condition? if yes, just share with us...

Think you are the one misunderstanding here. I never said your points are wrong.
I said they are already discussed in the first few pages.

anyone still using raiz? just curious need to hold for how long ... or once get satisfied return then sell off all the units ...