MARI invest

[wutawa]

All becoming Mari invest experts. know how to check price table instead of panic on daily return. 古得古得
https://www.lionglobalinvestors.com/en/fund.html?officialNav=OFBF

 

[Lè Crayons]

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

Based on the price table, why was there a negative interest on Monday?

 

[CoffeeDrinker8899]

Based on the price table, why was there a negative interest on Monday?

The yield given on Monday is from the price difference of the NAV from Thur to Fri of the previous week.

 

[wutawa]

Based on the price table, why was there a negative interest on Monday?

NAV Price	Dealing Date	Date that reflects Return
S$ 1.0246	20-Mar-24	21-Mar-24 Thu (nil)
S$ 1.0248	21-Mar-24	22-Mar-24 Fri (double)
S$ 1.0247	22-Mar-24	25-Mar-24 Mon (neg)
S$ 1.0250	25-Mar-24	26-Mar-24 Tue (triple)
S$ 1.0251	26-Mar-24	27-Mar-24 Wed
S$ 1.0251	27-Mar-24	28-Mar-24 Thu (nil)

$1.0247 (fri) - $1.0248 (thu) = -$0.0001 (neg return reflected on mon)

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

$1.0251 (wed) - $1.0251 (tue) = $0 (no return will be reflected on thu)

 

[Uramasa]

NAV Price	Dealing Date	Date that reflects Return
S$ 1.0246	20-Mar-24	21-Mar-24 Thu (nil)
S$ 1.0248	21-Mar-24	22-Mar-24 Fri (double)
S$ 1.0247	22-Mar-24	25-Mar-24 Mon (neg)
S$ 1.0250	25-Mar-24	26-Mar-24 Tue (triple)
S$ 1.0251	26-Mar-24	27-Mar-24 Wed
S$ 1.0251	27-Mar-24	28-Mar-24 Thu (nil)

$1.0247 (fri) - $1.0248 (thu) = -$0.0001 (neg return reflected on mon)

$1.0251 (wed) - $1.0251 (tue) = $0 (no return will be reflected on thu)

Yeah, no return for today $0.
Better than neg. return

 

[wei6464]

Seems it is getting frequent with daily return zero. Even worst with negative return. Last Thurs zero, Mon negative and today zero all these within 7 days period...

 

[wutawa]

Seems it is getting frequent with daily return zero. Even worst with negative return. Last Thurs zero, Mon negative and today zero all these within 7 days period...

the similar display (and instant withdrawal) gives ppl a misconception that mari invest is like mari savings, only with a higher yield. the neg return will wake them up showing that the original capital can actually be lost. its yield, though stable, is not fixed. although i have put all my cash into this, i hope that everyone knows what they r actually buying and not regret later.

 

[sohguanh]

the similar display (and instant withdrawal) gives ppl a misconception that mari invest is like mari savings, only with a higher yield. the neg return will wake them up showing that the original capital can actually be lost. its yield, though stable, is not fixed. although i have put all my cash into this, i hope that everyone knows what they r actually buying and not regret later.

I have post a few times underlying is a mutual fund is like stock can go up and down. It is same for moomoo Fullerton Cash Fund. It is just they are stable as in days of green color outnumbered red color. And I always advocate don't all in to any investment instrument. Always remember that and don't be greedy will be fine.

 

[CoffeeDrinker8899]

Seems it is getting frequent with daily return zero. Even worst with negative return. Last Thurs zero, Mon negative and today zero all these within 7 days period...

A large chunk of their holdings are MAS bills which has been trending down in terms of yield. They will adjust the NAV growth to a sustainable level with regard to the returns they can get.

There will be this kind of few steps forward one step back kind of thing going on but when held over a reasonable period of time, its pretty difficult to lose money for this kind of thing.

 

[Uramasa]

the similar display (and instant withdrawal) gives ppl a misconception that mari invest is like mari savings, only with a higher yield. the neg return will wake them up showing that the original capital can actually be lost. its yield, though stable, is not fixed. although i have put all my cash into this, i hope that everyone knows what they r actually buying and not regret later.

if they want something stable and risk free; they can opt for T-Bill.

 

[wutawa]

A large chunk of their holdings are MAS bills which has been trending down in terms of yield. They will adjust the NAV growth to a sustainable level with regard to the returns they can get.

There will be this kind of few steps forward one step back kind of thing going on but when held over a reasonable period of time, its pretty difficult to lose money for this kind of thing.

i agree with u totally. mari invest has credit rating AAA (if it means anything ).

 

[WoShiPro]

Interest dropping but still gd for emergency fund bah.

I like that it's liquid compared to robo/moomoo MMF.

 

[geographic]

Mari Invest Interest now showing 3.23% p.a.

 

[wutawa]

Mari Invest Interest now showing 3.23% p.a.

Tmr will be even lower.

 

[Lè Crayons]

Tmr will be even lower.

Monday you mean?

Initially I wanted to add more funds end of this month but with the lower rates, I decided not to anymore.

 

[nasilemak100]

Tmr will be even lower.

maybe mari invest will eventually will reach 2.88% per their normal saving account rate

 

[wei6464]

If Monday is lower maybe will see negative daily return again...

 

[wutawa]

If Monday is lower maybe will see negative daily return again...

Mon is norm rate. I chk nav price table alrdy.

 

[wei6464]

Mon is norm rate. I chk nav price table alrdy.

Ok thanks...I withdrew all yesterday cos need money pay bills and for personal expenditures. Will think about putting again next time...hopefully the rate will go up steadily in the near future.

 

[geographic]

Based on the historical pattern so far, the rates on Monday were usually higher. If this coming Monday's rate after closing is indeed lower or just the normal 0.0001 ct increase then the interest rates will definitely be lower.