Have been away from Kenanga for quite a while. I remembered their EAR terminology has different definition. So, what's the actual EAR of the advertised 4% EAR?

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

Finally seeing green for my KDI Invest after so long..around 10% profit

now should we put in more?

Market is all time high now. Better wait for pullback as profit taking is happening now.

Expecting all time high retracement / decline
Then maybe check out Monday for entry.

I am conservative, would rather wait pullback to a reasonable support level before entering again.

Good!
That's why I said, check out on Monday for (possible) entry, not definite entry.

just for info, VERSA is now 4.3% , first 30K

https://versa.com.my/versa-cash-3-2-net-ret...rate-promotion/

This post has been edited by sweetpea123: Jul 11 2023, 05:30 AM

its FX profit.

don't try to time the market.. it had hit rock bottom end of last year and another time this year (due to US Fed raising interest rate to combat inflation after many years of not doing so).
need some sort of catastrophic event before something like that can happen again.

After this going to be steady going up (of course with a bit of up and downs daily). KDI invest in index funds and not individual stocks hence it's safer.

If you plan to invest long term >5 years then just continue to DCA every month.

Nope. Timing of market is needed. Going in blindly is just dumb.

Not saying you need to enter at the lowest point, but when you know pullback is happening and you go in, there is no logic.

It's call knowing when to buy and not overpaying for stuff. I have used dips to generate double digit returns. If I have dca in every month at any price, my returns today would likely be single digit only. By conserving money and only buy when there is fear, that is where wealth is made.

Yes there are many stuff which is overvalued and you are forced to pay a premium for it. Those are exceptions.

This post has been edited by Ramjade: Jul 12 2023, 11:33 AM

Silly to DCA 🤦‍♀️ when you are just buying the market going higher without any downside protection as you are buying and pushing the price higher

You will only make money when you are buying on the dips and downside while holding for future more gains instead of buying at higher price

Still cannot believe ppl still believe in this DCA

Ppl are just being brainwashed easily 🤦‍♀️ thinking that putting money and it will grow like a plant 🤦‍♀️ without any watering or fertiliser to it

Which is fundamentals, macro and research plus exit strategy is important when one choosing an asset to invest

Try to register today, but having error during upload IC.pop up network error, refresh and try again. Anyone facing this error before?

KDI Save interest payout is done on month-end ?

daily updated, usually around 430pm++

Like TnGo+ ?