Only process on Monday cause their cutoff time is 11am. You need to withdraw before 11am for them to bank the money for you.

any of you guys received marketing calls from Kenanga ? I just did , selling me this .




This post has been edited by sweetpea123: Apr 13 2023, 04:26 PM


Attached File(s)
 Fact_Sheet_Global_Aspirations_Trust_5Jan2022.pdf ( 167.38k ) Number of downloads: 61

Not for me

Btw beware because this a trust scheme and it looks like the company itself is not licensed by SC

wierd why a kenanga ppl calling u up but selling u other ppl trust ...... Global Asset Trustee

Don't think Kenanga will do this, better email/call them for clarification, and maybe share the phone number so we can all judge

As a conspiracy theorist LOL, either some internal Kenanga people misuse your data to promote other product, or KDI investors details kena leaked, which is even worse

+1 to calling kenanga up to verify it..

at the very least you will find out its true or not and if it is not true, you can let kenanga know someone impersonating them to scam.. and also they will be aware one of their internal sold customer data too.

thanks for the input, I think I will just block and ignore that fella then.

KDI Save ’s Rewarding Returns: Fixed 3.50% Effective Annual Rate (EAR)* Limited time only. *Terms and conditions apply

- FD interest calculation : $10,000 x 3.5% = $350 x 1 day / 365 days = $0.9589 interest daily
- KDI Save's returns : $10,000*(1+3.5%)^(1/365)-1 = $0.9425 interest daily
- KDI Save's returns after 1 year for $10,000 in 3.5% = $10,350 interest yearly

1. I thought compound interest is superior to regular FD but in a real world, both FD and KDI Save rate "compounding the interest and principal over time" after a year results 10,350 same as FD.

2. If a bank's promo FD is more than 3.5% would yield higher returns than KDI Save
3. KDI Save's depositors can withdraw 9 days with interest but banks penalize early FD withdrawal.
4. KDI's day 1 interest 0.9425 is lesser than bank's 0.9589.

I had wanted to raise queries, but I came to these conclusions, am I wrong?
Your thoughts are welcome.

I did some quick napkin math with 10000 capital and I've got:

3.5% compounded daily over 1 year: 10,356.18
3.5% compounded yearly over 1 year: 10,350.00
3.5% compounded daily over 10 year: 14,190.44
3.5% compounded yearly over 10 year: 14,105.99

This post has been edited by Hoshiyuu: Apr 16 2023, 10:56 AM

Unless you got very large amount, daily compounding or monthly compounding the sum is pretty much negligible.

This post has been edited by Ramjade: Apr 16 2023, 11:10 AM

I do not know what are you trying to say?
KDI Save calculation is in spoiler clearly showing KDI Save 3.5% will yield 10,350 in a year.
This topic is KDI.

If you have other sources of daily compound over 1 year = 10,356.18 then please PM me.

Yes, agree. Thank you Ramjade.

You will only see major difference when it is 100k above

KDI calculation is different because it is not straight forward fixed 3.5%

Go find EAR and you will know it is 10356.18 and why bother with KDI as we already know that is only up to 3.5% and when others are returning higher 🤦‍♀️

Don’t look at the returns when you have the liquidity and if you want better returns look for FD promo instead and locked it in

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?

KDI Save states its EAR is 3.5% and limited to 10350 not 10356.18
Yes, some FD promos offer higher returns locked in.
KDI's liquidity and terms are easier to understand compared to versa. I am disappointed with EAR 3.5% cap.

Agree KDI Save's interest is not constant daily.
You are confuse because you did not see KDI source in spoiler, that shows interest of day-2 being higher than day-1, eventually yield 10350, if KDI Save's promo extends to full year. I am not comparing 3.4403% but a KDI Save's 3.5% against conventional FD 3.5%. This topic is about KDI.

When confuse, then I am uncertain to the purpose of the question.

KDI Save it is up to rm50k for EAR 3.5% 🤦‍♀️

You are just confusing yourself because EAR is not a straight forward fixed interest calculation 🤦‍♀️

https://www.calculatorsoup.com/calculators/...65&action=solve

What are you confuse about... nevermind I dont want your confusion. Thank you for calculatorsoup

lol at the mini drama but yes your math above is right.

KDI's 3.5% is at EAR instead of fixed 3.5%, hence, after 365 days of daily compounding it becomes 10,350 or effectively, 3.5% p.a. over the course of the 365 days.
In finance/cryptobro terms, KDI Save has an APY of 3.5%, but an APR of only 3.44%.

Anyways, it's only 0.06%, at RM1M deposit, that's like... RM600 difference, not too significant at lower balances, but KDI already offers lower rates for balances above 50K anyways.
Reason why my cash is here, there, everywhere.

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)

kdi invest still negative return lol
last Thursday login it already become -0.19, tot it is coming back to positive return, today login and check become worst again, -1.89 lol

It was not my maths but taken from KDI site and FD from a bank's site.
I appreciate your comment, especially since 3 others were talking from finance view (in a forum subject: KDI)
Ah, so it 3.5% p.a. would describe it clearly. "per annum" Thank you for the finance terms.
Yes, then difference is limited and capital limited to 50k until August. This is the reason I am looking for different offerings too.

Always amaze at folks who reply to meaningless... oh wait, screen name explains it. Have a nice day!

Thank you for this update. When did -1.89 began ?
I imagine it will go lower since Fed warned of winter hard times.