bruh let me add more confidence in you..
money market ma,,cant usually dont lose money wan...

This post has been edited by guy3288: Oct 14 2022, 09:16 PM


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That's a very misleading statement. Lehman Brother's MMF broke the buck before the firm itself went broke, for instance.

Of course that was institutional risk. For MMF that hold short-term corporate credit products like commercial papers, short-term loans etc. there is corporare risk if the liqudiity of the companies are not strong enough. And even before the papers mature their market value may have dropped significantly due to adverse conditions, in which case the MMF will suffer significant capital loss.

These days to "enchance yield", MMFs have already shifted to the riskier end of product offerrings. Make sure you read the prospectus and product highligh sheets to carefully inspect what kind of instruments (and their maturities) the fund is allowed to invest into before dealing any further.

Low risk != no risk

Too often people underestimate risk metrics...

This post has been edited by TOS: Oct 14 2022, 09:04 PM

yeah you are right. i should put as usually dont lose money la..
unlike all others regularly seeing people say oh down by so much so much......

but what is without risk ? None .

Since you correct to "usually", that is ok.

On the dashboard for KDI Save, there are three values - Current Value, Returns and Net Deposit. I am observing that after certain period, some of the amount in 'Returns' are moved to "Net Deposit". This is making it a bit difficult to track the actual returns. I wonder why they do this. Are others observing the same?

it should be commit. same like other MMF, commit after a month

if any bad news break out for Kenanga investment bank.. then best withdraw to others first.
So far don't have such news.. if scare of risk then don't use. Stick to FD at banks.

right now ongoing issue with Credit Suisse, multiple bad news out also they haven't bankrupt yet. Usually there are signs and warnings before they crash.

Also Kenanga is a public listed.. every detail of their accounts they need to declare.

This post has been edited by Davidtcf: Oct 17 2022, 09:20 AM

Thanks. So can earn interest on interest? Does the 3% already take this into account, or will it be extra on top? Just curious.

Accounts can be manipulated. This happens more often than you think, even for publicly-listed company.



But ok lah enough off-topic matters. As long as our fellow KDI users know what kind of risk they are taking, that's fine.

I understand that you have been starved of yields for years and desperate for higher returns... Just make sure you don't get too carried away by all sorts of marketing gimmicks.

Risk and return always come together. And there is ONLY 1 price and 1 yield/expected return for 1 security. Law of 1 price. Anything higher than risk-free rates carry "unseen" or "probably ignored" risks.

the monthly statement provides the details you need

always pay attention to the return *
they have explained the Effective Annual Return in the FAQ

in short, yes and no
because that 3% is daily compounded for 365 days
but the current promotion will end in 31 December 2022, the rate may be revised again?

maybe u can check the signal first, usually if the signal is okay, there should be no prob to receive otp

is not after certain period.
(As long as u dont withdraw ,the returns will keep increasing as expected.)

It is every time after you make withdrawal then it will happen
(after making a withdrawal, you return will be reduced by same amount moved to Nett Deposit)

You dont make any withdrawal it wont happen.... refer to my old posts


what is this "commit" after a month?

No withdrawal "no commit"?

kiasi no need invest lo...put money in milo tin.

Hi guys, is the 3.5% interest till this Dec'22?

Got it. For the amount you withdraw, KDI knows exactly how long it sat in KDI hence they can give out the exact actual interest for that amount for the period it was deposited. Hence the interest is considered as paid up.

i dont get that.. there is no such thing as KDI calculating interest for u "over a period of time."
interest is paid daily into your returns
u can see interest added every day to returns..
the day you withdraw, your base is reduced, that days' interest will be reduced based on new lower balance

if your interest yesterday was RM10 and total return RM100
if this morning you withdraw RM xx, say new daily interest today is RM9.00
By right today's total return should be RM100 +9 =RM109 but it wont
it would be reduced due to withdrawal done
Say return reduced by RM15, you will see return now is RM94, and that RM15 added to nett deposit.

actually... the new tiered promotional rate is until further notice
the former 3% promotion was until December 2022

The only way interest rate is trending is upwards (at least for the next 9-12 months minimum). Interest rates are very unlikely to come down in the next 24 months. Trend is higher interest rates will stay up for a very long time. The days of super low interest rate is over.

BNM has no choice but to take rates up otherwise the ringgit will suffer even more. BNM is super careful not to raise rates too fast/high otherwise the economy will tank further. Now whether BNM prioritize interest rates vs ringgit value is anyone's guess - how far/fast will BNM go?

Malaysia everything slow. Won't be fast. Now they only dare 25points increase. Probably after GE will dare to raise 50 points each time.

I heard they are working on more content & educational articles and influencers to talk on EAR, let's just wait & see

hopefully next Save promo can raise to 4%