I believe you already know this is the solution to it before asking, you just want to check if there's any better suggestion/solution, right?

I hope you already done the withdrawal this morning before 11am as today will be 1st day of 4 working days

You can max out your interest earning of another 50k on the last day, capitalize on the 50k FPX transfer of your B Islam

Good expectation and mindset for investment, have a long term horizon. But imagine this, assume yearly 10%, 5 years compounded total return 61.05%

Your investment of 1k will grow to 1.61k, will that additional RM 610 makes any big difference to your life? If yes, go on.

If not, then you should consider set aside a fix amount and invest periodically (weekly best, else monthly), with that you will get a more meaningful amount for your future self.

Very good sharing, thank for the long explanation, it's so true that the lower the fees, the higher effective return our portfolio will be. Kudos!

Have you ever thought of how your portfolio can pass down to your love ones if anything happens to you? Estate distribution for each country differs and require lawyer of that country to run the paper work, which cost much more fees and time compare to assets setup in Malaysia (KDI). This could be an example of penny wise pound foolish. Worst is non of your family aware you have account in overseas platform, that will be equivalent to total lost.

Alternatively, make sure you write down your platform login particular with trading code, your phone password somewhere so your next of kin can access to the portfolio you setup with IBKR. Make sure you hide somewhere very hard to find but easy to find when you're gone.

My 2 cents for those who wish to have overseas investment platform, think long term, think about your estate planning, consult your lawyer or estate planner.

Yes, provided the tomorrow mention herein is a working day

For KDI Save, anytime is a good time

For KDI Invest, case to case basis, perform the risk profiling and read the disclaimer carefully

Two months manage to get RM 100 million of AUM with 6500 success sign up, that's average of RM 15.3k++ per account holder, not bad!

Be rational bro, the investment date is very crucial. Even though both are same portfolio, investment date plays an important element to determine return la

Loss aversion, refers to people's preferences to avoid losing compared to gaining the equivalent amount, in simple term, human emotion on losing RM 1000 is the same when making gain of about RM 1500 to RM 2500.

This is the flaws of human nature which cause most of the people realize the losses when they see negative in their portfolio. Only small fraction who can with stand able to enjoy the fruits of return in long run

It is foolhardy to ask about investment decision on forum, anyone can give you crap advise, no one will be responsible on the advise given.

https://www.theedgemarkets.com/article/bnm-...-record-low-175

BNM increase OPR to 2%, hopefully our KDI Save return rate can be higher, or maybe the 2.25% above 200k deposit can be higher.

1. Since day 1 I been using fingerprint with the password saved in password vault

2. No likely will get the latest updared ETF portfolio from day to day, if not someone will just copy buta buta

I report to them on their calculation of total deposit and total return, which any withdrawal will deduct certain amount from total return. And they admitted the flaws.

The bottom line is, I occasionally double check the total account value with 3% for 200k and 2.25% on the remaining balance, it does tally and sometimes few cents better, heheheh

I figured it out how they calculate the interest rate for KDI Save when your total value above 200k

3% on return, regardless how much is your total value

1st 200k of Net Deposit at 3%
Subsequent amount of Net Depsoit at 2.25%

With that, if your Net Deposit at 200k, return let say 10k, you will still get 3% on total value of RM 210k

Obviously my explanation not clear enough for you.

If it's a new portfolio with new investment into KDI Save RM 210k, then 1st 200k @ 3%, 10k @ 2.25%

If you have invested sometime ago, made multiple withdrawals and deposits, then the calculation follow my previous post.

*Conclusion, investor on advantage, but I found myself silly to proof this and try to explain. The return wont make us rich neither make us poor, just move on stay invested till the end-Dec 2022.

This post has been edited by lovelyuser: May 18 2022, 10:47 AM

Is your total value more than 200k?

If yes, do you mind share the screenshot and I explain from there.

1st of all, according to the TnC, fees only charge for DEPOSIT above 3k, not account value above 3k

2nd, you need to be clear why you're investing. If you are so concern about the fee and keep investment amount at 3k, assuming 8% pa compounding, it will grow to 6,476 10 years later. RM 6,476 will make a difference to your life 10 years later?

Even with 10%, 10 years later will be just merely RM 7,781

Why the hassle?

KDI Save is for those who are well verse and confident to go online and paperless.

One man's meat is another man's poison, no point hard sell to hardcore FD, just stick with what we are comfortable.

FYI, FD is the last thing I want to have

The name conservative mean not taking excessive risk, change your portfolio to aggressive growth if you want all out

Aggressive will have hybrid option for AI to decide when to all out when to be conservative, if you maintain at conservative, no chance can be all out no matter what circumstances

Work fine on my Android phone and Google Chrome on PC, for now