Hi all, was wondering how is all your KDI Invest performing recently?

Seems like going down a lot recently....

One mth down 2+%😔

Investing around 6 months totally DCA of 3k today down RM100

Patience makes the winner win

Why would you put monies in a fund when a depression is coming?

😅 Actually accidentally put in invest, wanted to put in save but since put already, leave it there lor. First month was having 0.5% return, not bad. And then it went south from there

I only put RM500 and they give additional RM20 for the referral...

Now drop till even the referral RM20 cant cover the loss...

Arrr, it also depends on at which point you put the monies in.
What if the fund just do not recover?

That is probably one good thing about Anwar being elected I guess

I suspect the funds are all invested overseas in a foreign currency. Since the election, ringgit has strenghtened so much against most other currencies so naturally you would expect your funds balance to drop.

Another thing to note is how much commission your fund is charging. My fund charges about 0.1% (in Aust) and that is quite competitive - i suspect fund managers in Msia charges at least 2%/annum on your balance. It is important to know the commission the funds charge otherwise all the money you invest in are eaten up in fees. Malaysia is not a country where fees are publicly announced (transparently lacking) which is partially the reason why foreign funds are reluctant to come in.

But overall, the strengthening is to compensate for the massive drop just before the election so it balances in the end.

Which banks give that? Tell me. I will put my money in there immediately.

And most banks 12 months is probably at most 4.1. even bank rakyat known for its competitive rate is giving 4.05 for 6 months

Try Mbsb or Bank Islam

Rather than putting FD better off buying their shares instead for that term 🤦‍♀️

Not bad considering the market dropped way more 👏

Time in the market beats holding cash 🤦‍♀️

Underlying ETFs are in USD so need to suspect but it is confirmed already 🤦‍♀️

1st 700USD is fee free hence why everyone is putting money and also getting the referral bonus

If you look at the FD thread, already we implied that right now PB offer the highest.
If Bank Islam or MBSB offer higher, then of course they would have a mention.

Bank Islam pays a dividend of 3.95%. The current FD rate is say 4.2%. And dun you think in a major depression. Bank stocks will be hit the hardest?
Also MBSB dividend is 4.85%. Are you sure it is going to maintain this rate? And they are not exactly performing that well for the past 2 years as well.

See you cannot even tell me that their FD rates are higher then PBB or at least justify using actual rates compare to PBB
How can I trust your advise?

here comes the facepalms again

don't bother reply la

you kidding? trusting advice from a public forum is never a good idea. do your own validation....

I got my advise from public forum and it never let me down since then.

don't let me stop you then....