regulated by the Securities Commission Malaysia, is Securities Commission Malaysia trustworthy to you?

Still better than what Cypruss lah, Mediteranean Pirate Island crap.

lol...approved by SC.. no need to worry. it is same as KDI

There is always risk in everything. Just read up and do your research instead of following the trends. I believe KDI cut down the barriers of conventional investing and simplified it for investors to invest without fuss or complication.

I hardly follow any trends. In fact I am opposite the trend. Everyone jumping to KDI and Versa but I advise people to be cautious.

Yup, MMF has been around for decades. It's just that previously the minimum denomination is high (25k or 50k MYR) and was meant for HNWIs to park their cash temporarily. These MMFs used to be packaged like mutual funds to be sold by intermediaries like financial advisors etc.

These days, in line with technological innovation, the fund management companies repackage their products and sell it themselves to bypass the middlemen. But I still think the regulators hasn't done their supervision good enough. This whole KDI thing is still a blackbox and no one knows where the 3+% p.a. returns come from.

Ok lah as long as you are happy go ahead with what you like.

But nevertheless, no harm to invest on Kenanga right? Their rate is quite okay compared to others.

the money we placed in the securities firm’ trust account for trading share are also not protected by PIDM. Worry it may gone missing?

I have other things for worry about…

Securities firm trust account only gives minimal interest which is nowhere near what kdi Save gives. I used to have most of my ringgit in Maybank and Punlic Bank bank shares - recently moved from stocks into fixed interest when interest rates start moving up. Until world markets stop bouncing up and down, better to stay with fixed interest for the time being.

I am talking the points which stress so much on PIDM…and you turn around talk about rate pulak!!?

Rate is always proportionate to risk. That is why the rate of return is important. How can investment houses offer higher rates of return? Naturally they have to take higher risks to get the higher returns. This is why investors of fdi Save want to know what fdi Save has invested in. Would you touch fdi Save if you knew they had a rm500mil exposure to Serbadk 2025 bonds (https://www.bondsupermart.com/bsm/bond-factsheet/XS2089155761)?

When you want PIDM, you should expect your return to be a lot lower than another investment house that doesn't provide one.

People don't mind a lower rate if they have the PIDM guarantee. This is why a lot of investors would have investments with PIDM guarantee only. Fdi save without PIDM should in theory offer a much higher rate than banks (with PIDM guarantee).

This post has been edited by Garysydney: Oct 23 2022, 04:46 PM

You just said the security firm deposit rate (not protected by PIDM) is very low compare to FD (protected by PIDM)….

Eating your words?

Security firm deposit does not need to be guaranteed by PIDM because they are very low risk accounts (hence the low rates given). I have quite a large investments in bank shares before and after i sold, i left them in the security firm account for quite some time (while deciding on my next move). I left them in that account because the returns given were very low so as far as i am concerned, this should reflect a very low risk environment. If the security firm deposit was giving me high deposit rates, i would have been a lot more concerned.

If fdi Save offers very low returns, i would feel much more comfortable sticking with them. If kdi Save increases their return to 7%/annum, i would pull my funds out the next day.

I don't wish to discuss more with you about PIDM as we could go on and on so i will stop the discussion here.

Cheers

I dont think money lying in security trust account is any safer just because there is hardly any interest,...similarly i dont think if KDI increased its campaign rates means it becomes more risky....the same goes for bank which offering different FD rates eg 3month 3.3% and 18month 4.4 % i dont think that 18month FD is riskier.

Yupp, been investing on kdi since jul & so far okay la with how it turns out.

i think its alright too... saving and investing since Apr'22...
their KDI Invest seems better compare to previous SA Invest...
been showing profit at the moment although i didnt invest much...
their daily interest is what i like... money going up each day...

Anyone tried this before?

Today after 11am, make withdrawal RM X from KDI Save, profile is Bank A

Tomorrow before 11am, go profile change to Bank B, then withdraw RM Y

What's the outcome of doing this?

RM X+Y to Bank B

Or

RM X to Bank A, RM Y to Bank B

You WD after 11am, it will be processed next day
next day your bank is Bank B

i guess you will get all money X+Y in bank B
processing is around 4pm so even if morning your profile is Bank A, by 4pm if it is bank B money will be in Bank B

I guess so, I'll try out and update tomorrow evening

4.4% is their promotional rate?

read in FD topic ya

https://forum.lowyat.net/index.php?showtopi...ost&p=105644648