Can someone enlighten me on this as well? Are you sure the 1% p.a. is waived? Because the management fee should be accrued daily like what GrumpyNooby said right?

In that case, isn't it paying 1.3% management fee?

confirm tak ada
i call them last week ask about referral system - they say no referral system for now
ask them can i maintain 3 different portfolio - they say now is early phase and system still improving only 1 portfolio - i put RM300 inside Aggressive to test test
ask them when can improve - future, no timeline

itu saja - sekian terima kasih laporan saya - salam pkpp

I sold some today to take a gauge on how long does it take for funds to reach bank account.

Sold 23.06.2020
Funds in maybank 26.06.2020

FYI those who wants to be liquid

Its same issue like wahed not transparent at all on the unit we hold

Apa portfolio?

i on conservative
i cannot take aggressive  later heart attack mati

Betul juga but I really don't like stock
Ppl aak me buy supermax and top glove also I dare not buy
My friend put 250k in top glove during 16 till 18
Earn like gila

Ya precisely! Thats why im still not in raiz yet due to the fee and somewhat lack of confidence in the underlying funds lol. But i may well give it a shot if any of these changes in the future

As much as I welcome the concept of investing pocket change, I can’t help but to think that all these features comes with a cost.

Investing should be a habit and not an afterthought coming from the spare change of your meal

How much can you save from your spare change monthly? Rm50-100? Not to forget Raiz is charging minimum RM1.50 per MONTH for amount less than RM6,000. You will be paying 1.5% monthly fee if you are investing RM100 in Raiz. That is equivalent to 18% annual fee; in contrast Stashaway has no minimum fee charge and they are charging 0.8% annual fee.

If you ask me, Raiz is definitely not suitable for “spare change” investing. The fee charge will eat up your funds before you know it. I can foresee many youngster who is not serious in investing but wanting to dip their feet into the pool get mediocre return over the years.

If you want to invest, get serious and set up a regular saving plan and not just invest your spare change.

Not to forget Raiz is charging minimum RM1.50 per MONTH for amount less than RM6,000. You will be paying 1.5% monthly fee if you are investing RM100 in Raiz. That is equivalent to 18% annual fee

1.5% monthly * 12 months = 18%

My calculation is based on rm100 in your portfolio, of course as you DCA more you will get lower and lower % until you hit 0.30% annually at RM6k.

My point is, since it is fixed RM1.50, the annualized fee can be very high if you are not investing a lot.

But if you are investing more than 6k, 0.30% fee is very attractive

I'm new and just looking for a place to put small investment ( rm10-200) without monitoring it, is this a good place to put in?

RHB Smart Account has no concern to open.
Opening Maybank account will be kacang putih for you!