no, KDI interest will not be constant at 0.9425 daily

you are comparing a 3.4403% p.a. daily compounding with a 3.50% p.a. simple
so what is wrong with compounding > simple?

that is kind of meaningless
because if you take KDI's EAR 3.5%, you are only comparing with FD with 1-year maturity (underlying assumption on daily compounding for 365 days)

theoretically yes, is there any investment that protects capital?
perhaps recover partially depending on the financial position
because they equate mmf with fd
lehman, svb also existed before i was born
nevertheless, i still have savings with them in a hope that not all of them go bust / system down etc at the same time
ya, started goinvest because of KDI 3.5%

unlikely, because you won't get EAR 3.5% in that case
my difference would be RM 0.01, so won't be a good benchmark

US ETF perhaps

roughly 3.92
=((1.04)^(1/365)-1)*365

yes, the interest is credited daily and become your principal
no need to withdraw and redeposit

previously thought go+ is highly liquid but after the entire TNG went down last time
i realised that any system could fail

u just need to be aware that money market fund may invest in bond/sukuk, which may be subjected to default risk
how do u think goinvest providing a net return of 3.7% p.a. while go+ was around 3.5% p.a.?
u may assess the risk by reviewing the goinvest/go+ interim report
unfortunately, there is none for KDI
if u r looking for higher return, surely u need to take on additional risk

not exactly a bet, good diversification
depending on your need on return vs liquidity
those with higher return could potentially come with higher risk
if the bank failed to recover loan --> fd at risk (therefore, PIDM would be another protection)
MMF might also invest in corporate bond to generate higher return, so if the company fails --> MMF at risk

i m not sure about which tier u would get for the interest on interest
but if u understand the definition of their 'Effective annual rate' from the FAQ, u would not be asking this question
because u will never get 4% p.a. if the interest is not compounding

in short, the return will be based on your total balance instead of net deposit

This post has been edited by 1mr3tard3d: May 27 2024, 12:00 AM

can be found in the KDI Save FAQ



This post has been edited by 1mr3tard3d: Jun 7 2024, 11:11 AM

we will only know whether it's wise move or not several years later
depending on your risk appetite & investment duration
but i would place larger amount when i think it's close to bottom / low downside risk instead of during upside trend
the rest of the time DCA will probably be safer

1. should have updated in versa thread instead
2. by nett you mean compounding the return between 1 July 2024 and 31 July 2024 for 12 months

pretty meaningless when the return fluctuates from month to month

higher risk does not guarantee higher return
depending on your investment horizon, u r less likely to suffer greater loss in low risk investment when u r forced to sell in bad market times

can't really pick which 10-year period u would be in

when an investment suffers a 5% drop in 1 year, it requires a 16% gain in year 2 to catch up the same annualised return of 5%


no one size fits all, diversify well

because u didn't read the T&C, the definition of EAR in particular

unless u r in retirement age, EPF is in different category
ASNB would probably be a closer option
most FD promo now is around 3.7% or above if liquidity is not an issue

well, you won't get interest for 24/3 yet but u would get interest for 13/3
4% EAR for the 1st RM 50,000

u have to count same day from the withdrawal cutoff, the terminology would be T+0
so they are not wrong

well unfortunately, i have no answer for that as i do not work at kdi or relevant company
e.g.
my bank standing instruction payments do not debit the same time each month
duitnow payment to credit card account failed due to recipient bank's issue
the point is that it could due to many reasons
as long as it does not exceed 2 business days, it is well within their responsibility