We will know by tomorrow

But there are better and easier ways to earn rm0.01 from Touch and Go only ppl don’t know about it

Reflected but not fully processed hence useless with the one day just minisicule to a cents

Yes there are better ways earning minisicule returns for such a low return

Give it a try then you know

BigPay has it in the pipeline but unfortunately no wants to back someone will screw up their market hence difficult to do cross co operation

2nd they do not meet the requirements to be RMO

Just wait and see what would GrabPay would do now

Their pricing MMF is flat RM1 investable NAV and payable in earnings have factor in the charges

Hence you can withdraw easily anytime which is why they use the flat pricing of RM1 NAV with minimum RM10 investments which technically you would lose out in 0.5% daily gain

Better off going to Versa as they adjust accordingly to make sure that you do not lose out on your daily gains

Principal MMF fluctuate daily based flow and outflow of the fund

As long it below 1.8% we know that the returns the rest of it consider as fund management fee but the base fee it is 0.33% to as high as 0.45% depending on the funds inflow

In terms of liquidity and returns, Versa has proven itself to be more far superior than GO+ which are given rubbish returns below OPR rates hence people are just being sucked into making CIMB richer

Doesn’t matter what platform or fund, what people need is the MMF should always beat the benchmark rate of OPR anytime

Please start doing it because soon you won’t get to enjoy it

Why bother reward point or useless rm0.01 return to rm250 deposit when there are better ways to earn money

Cashbacks on credit card soon will stop or limit on ewallets which is coming soon

Cash in will still happen but with limit or daily limit very soon based on interest giving

Even if you max up the limit of rm10k you’re only getting rm0.40 per rm10k which is stupid when you can ear better ways than GO+ which are basically rubbish returns

Better tighten loopholes and give out 1.8% return then you only will see the fund better managed

3 to 5% cash backs are subject to conditions which are many do not meet for sure

But for those who has rm10k they do not and not stupid putting into the cash back as there many using credit to generate better returns than using GO+

Wait till next week will GO+ returning rubbish returns again

Go do a google search and you find the answer

Rule #1 in MMF returns are always after fees are being deducted

Instant means within 3 days in Principal definition

Finally good move by TnG to ban those reloading using and cashing out using CC

Let’s see whether the returns now can hit 2% with the actual money going to the fund

It is possible because Versa is YTD is already 2.14% while SA Simple is 2.1%

So Principal currently can afford to give out at least 1.9% but due to inefficiency of its fund with expense ratio of 0.33% hence the rubbish returns

GO+ rubbish returns are because it baseline underlying is RM1 per unit daily fixed while it depends on daily deposit minus 0.33% off OPR hence fluctuation daily of it’s rate while its actual baseline rate is 1.47% and the only time they beat 1.61% was on 29 March 2021

Whether OPR increase or not as long as MMF is managed well with expense ratio is low they can give out easily 2.1%

MMF through banks are rubbish because they are giving slightly lower to tempt depositors to park in FD which are highly co related with OPR while MMF are supposed to benchmark and beat OPR anytime with its funds efficiency and liquidity

Which is why is only for short term returns while waiting for opportunities

Not necessary high risk are high returns as you can see what happen to Archegos just a slight move trigger margin sell off

The best are leveraged smart returns which are RRR whereby you can decide the returns while minimizing risks

That’s why those who GO+ are basically stupid to let CIMB while there BetterBusiness ways to make those minisicule amounts

You have to remember that GO+ is currently on conditional RMO license which can be pull back but SC thanks those idiots with its credit cards churners

They are able to track based on certain algorithms and I won’t be surprise there are many who thinks they can outbeat it

Even Grab has that algorithm in place to block and suspend the account permanently many years back

1st rule in MMF everything invested to it must be actual money not credit otherwise it will defeat the purpose of liquidity

2nd by abusing in using credit cards which are not actual money hence it defeats the purpose of rule #1 in MMF

For those who use actual money deposit via FPX or reload pin from ewallet will still get to enjoy unlimited deposits and withdrawals with account limits which will meets both the rules hence they will enjoy the rubbish minisicule returns which should been at least rm0.00008 to every RM being deposited daily returns

Won’t happen with CC because to run MMF SC regulation is that all funds must be backed by actual money just like FD and The reason why is because the funds is backed by liquidity in order to better manage flows and given better returns than FD

Otherwise if it’s too much margin when liquidation you will be instead seeing your fund being negative

Expense ratio factor in after earnings so on average you’re earning rubbish 1.47% after deducting 0.33% off 1.8% OPR

Soon for those putting in thousands just a gentle reminder they have the right to suspend and auto withdraw to your ewallet directly soon because CIMB is on the radar by SC due to conditions set by the RMO license

Absolutely they have right with the conditional RMO license granted by SC

The app it is not the issue but the source money to reload using CC to cash out via GO which constitute as illegal source of income which is why when user is trying to upgrade to GO+ questionnaire are being asked in order for the algorithm to run and identify any abuse of using cashing out the unknown source of money

The underlying fund price is flat RM1 with the daily returns are deducted 0.33% off OPR rate hence you will getting rubbish returns on average of 1.47% pa daily and it might lower or higher depending on whether more deposit going in or cashing out

Anything above 1.47% pa on the daily returns you will know more cash in amount in GO+ than withdrawals

You be better off putting in short term into Versa, SA simple, Opus or Phillips

Using credit card to churn?

I have warned earlier but a lot didn’t listen and finally good that TnG take action

Called them on Monday as they will refund the money to your bank account and they will disable GO functions to you

Topping up using reload pin or fpx with your own money would have not occur such flags in your account being locked

If you’re taking cash from credit through cash advance or instalment it will be consider as personal loans as you would incurred interest to be paid hence it will be defined as actual cash being disbursed with interest to be paid in future but it will be silly because you are paying 1% monthly interest while gaining only 0.18% in Versa monthly and you will be poorer by 0.82% monthly in debts just on interest

Nothing to do with operation and business as when SC issue the conditional RMO license to TnG digital there’s are conditions for it to meet when operating GO+ with the 1st conditions all deposits have to be actual deposits in cash just like FD. Limit, constraints any segregation are to make sure that all deposits are actual cash to Ecash to be invested into Principal Cash A fund.

Suspension in your case it is because suspicious transaction be flagged and trigger to locked your account and TnG digital have the right to do it anytime. At the end of the day when you sign on you already agree to all their terms and conditions which I believe you have violated one or more of it. Don’t believe me Simple just make a call Monday morning after 9am and ask them which particular transaction you are being flagged for.

I have already known since day 1 on how, when and why the flag happens as they have been tested and approved by SC as one of its conditions in order to gain conditional RMO license to circumvent any AMLA practices