MARI invest

[Uramasa]

hope won't triple loss tomorrow

not accurate to calc yield on mon as tue usually gives 3 times return.

actually i guessed that the drop in 21 dec is due to the management fee.

 

[sohguanh]

Isn't the fee deducted first before handed out?

Mari Invest underlying is Saveplus a mutual fund so like stock can go up and down. I don't think it is due to mgmt fees as you say when price display already deducted. What I am thinking is there are major withdrawal from investors so fund manager are forced to sell holdings or some mas TBill mature not yet find next lobang to roll over next etc

 

[nasilemak100]

hopefully it bounce back tml...

 

[wutawa]

Isn't the fee deducted first before handed out?

it will be somewhat like transaction fee if it acts like that. my thinking is the nav is lowered whenever the fee is deducted from the fund, and nav affects the unit price. so yield becomes negative. neg yield can be due to other factors such as loss in bonds or rebalancing portfolio.

 

[xsoldix]

Wa first time negative return

Same sia.
what’s that ah? The NAV bugged?

 

[CoffeeDrinker8899]

Tomorrow should be back to normal,
21 Mar NAV is 1.0248
22 Mar NAV is 1.0247
25 Mar NAV is 1.0250

 

[sglandscape]

Same sia.
what’s that ah? The NAV bugged?

Likely have maturity then distributed out as return.

 

[Uramasa]

Interest is back to normal today

 

[XiaoFu99]

for making invest, say withdrawal of 1k, how soon can I get the money?

their faq talked about 10k and above but what about below 10k?

thanks


Read HWZ Forum Rules!

 

[nasilemak100]

below 10k should be instant

 

[XiaoFu99]

below 10k should be instant

ok. thanks


Read HWZ Forum Rules!

 

[camholicx]

I started Mari Invest with $10 to try out. Been a week, no interest no nothing.

 

[sango65]

I started Mari Invest with $10 to try out. Been a week, no interest no nothing.

assuming interest is 3.55%
$10 @ 3.55% = $0.355 / 366 days = $0.0009699
for 1 cent interest ($0.01), you need to hold for at least 11 days to see the interest

 

[geographic]

Today no interest. Close at 1.0251, same as yesterday.

 

[sgslingers]

Tomorrow expect another day of no interest Thursday

S$ 1.0247	22-Mar-24
S$ 1.0250	25-Mar-24
S$ 1.0251	26-Mar-24
S$ 1.0251	27-Mar-24

 

[Lè Crayons]

Today no interest. Close at 1.0251, same as yesterday.

What do you mean by today no interest. Close at 1.0251.

 

[sohguanh]

I started Mari Invest with $10 to try out. Been a week, no interest no nothing.

You even more cat than me haha. I usually try out with 100 or 1000 else cannot see anything move

 

[Lè Crayons]

You even more cat than me haha. I usually try out with 100 or 1000 else cannot see anything move

I started with only $500 and received 5 cents each day. After that then I top up more...

 

[wutawa]

I started Mari Invest with $10 to try out. Been a week, no interest no nothing.

I started with $5. 8 days gain 1 cent. Now rate drops le.

 

[geographic]

Tomorrow expect another day of no interest Thursday

S$ 1.0247	22-Mar-24
S$ 1.0250	25-Mar-24
S$ 1.0251	26-Mar-24
S$ 1.0251	27-Mar-24

Same pattern as last week. Last Thursday also no interest.