MARI invest

[Mr.Canberra]

I scared of seasick

MII ship has left. No chance to get seasick also.

 

[~sabaisabai~]

GG man. MII ship sailing in open sea at a very slow speed for 7 trading days already.

GG, sailing abit far liao

 

[Shion]

The MII ship (9.62) has finally departed and set sail for the high seas.

$9.62 (11 Nov).

Yes you beat me to it. MII ship full throttle and left the Straits of Malacca. All the passengers who wanted to board the sampan with good seats want to riot liao!

MII ship has left. No chance to get seasick also.

now enjoy the breeze

 

[CrashWire]

for fund class: institutional 0.55% (ibkr/endowus) is better than admin 1.05% (Mari)
for platform fee: Mari $0 is better than ibkr $8/trade / endowus 0.3%

so ibkr definitely much cheaper for lump sum purchase over long-term. I don't have ibkr to test.

A 0.5% difference means that $1,600 is the breakeven if buy and hold for 1 year, and enough of a difference to breakeven at $19,200 after 1 month.

Sounds like it will be quite significant for people bringing their big bags onto the sampan.

 

[wutawa]

A 0.5% difference means that $1,600 is the breakeven if buy and hold for 1 year, and enough of a difference to breakeven at $19,200 after 1 month.

Sounds like it will be quite significant for people bringing their big bags onto the sampan.

u missed out the ibkr selling fee.
I still prefer Mari because I don't have big bags. I may not be holding for long. I like to reinvest my payout. I don't like ibkr interface. I will lugi $80 using mari for 1 year.

 

[~sabaisabai~]

u missed out the ibkr selling fee.
I still prefer Mari because I don't have big bags. I may not be holding for long. I like to reinvest my payout. I don't like ibkr interface. I will lugi $80 using mari for 1 year.

Means ibkr still cheaper than mari despite it has selling fee?

 

[wutawa]

for fund class: institutional 0.55% (ibkr/endowus) is better than admin 1.05% (Mari)
for platform fee: Mari $0 is better than ibkr $8/trade / endowus 0.3%

so ibkr definitely much cheaper for lump sum purchase over long-term. I don't have ibkr to test.

Means ibkr still cheaper than mari despite it has selling fee?

yes, ibkr is abt 0.5% pa cheaper than Mari.

 

[~sabaisabai~]

yes, ibkr is abt 0.5% pa cheaper than Mari.

Lai, time to move to ibkr?

 

[Kitaro9202]

Just sign up Mari account after I see my cimb saving account interest drop like mad
I saw the mii is 9.62 should i invest it or just transfer some money for the interest?

 

[wutawa]

there is no real time price. u won't know your order price until it is confirmed the next day, and the annouced unit price is delayed by a day

i believe everyone will have net earning from mii over time, although the focus should be on payout instead of unit price and yield. choose the product that suits your investment objectives.
know what u r actually buying: mii → pimco gis income fund → ?
the more u know, the less the risk and u wont need to rely on luck.

(老婆本 and 棺材本 vested in mii)

Just sign up Mari account after I see my cimb saving account interest drop like mad
I saw the mii is 9.62 should i invest it or just transfer some money for the interest?

welcome to Mari! just buy before the payout cut off date.

 

[Kitaro9202]

Ok thank dumb question the payout will be auto payout to mari bank or will keep in the invesment account?

 

[wutawa]

Ok thank dumb question the payout will be auto payout to mari bank or will keep in the invesment account?

default is reinvest. u can change setting to deposit to Mari savings.

 

[Kitaro9202]

Ok thank ya dump some cash for mii

Order to be confirm on 17nov

 

[wutawa]

Ok thank ya dump some cash for mii

Order to be confirm on 17nov

if u bought before 3pm, order will be confirmed on 14 Nov. hehe

 

[Kitaro9202]

if u bought before 3pm, order will be confirmed on 14 Nov. hehe

Oh i too slow i put transfer the money to my wrong bank account account lol if not before 3pm

 

[CrashWire]

u missed out the ibkr selling fee.
I still prefer Mari because I don't have big bags. I may not be holding for long. I like to reinvest my payout. I don't like ibkr interface. I will lugi $80 using mari for 1 year.

Oh, good point!

$3,200 for breakeven if buy and hold for 1 year, and $38,400 for 1 month then.

 

[~sabaisabai~]

yes, ibkr is abt 0.5% pa cheaper than Mari.

Any platform fee?
Mari is free

 

[peppermint7]

Any platform fee?
Mari is free

IBKR's Singapore withdrawal fee for a bank transfer is free once per month, with a charge of SGD 15.00 for every subsequent withdrawal.
Seems like Mari is still more convenient.

 

[Kitaro9202]

Since new user got 2.88% for 1 month on fd just whack the max amt

 

[~sabaisabai~]

IBKR's Singapore withdrawal fee for a bank transfer is free once per month, with a charge of SGD 15.00 for every subsequent withdrawal.
Seems like Mari is still more convenient.

Yeah actually the ecosystem make it super convenient