MARI invest

[sohguanh]

Mari invest rate looks good

I think for Apr 2024 they beat SCB eSaver of 3.45%. I got small monies in eSaver to test. Not greedy is my motto.

 

[sp0inK]

thinking of transferring cash from UOB One (100k) to Mari Invest once the nerfs hit tomorrow.

any drawbacks to this move?

 

[FlyGuardX]

i am moving my funds to uob one for the 4%

 

[sibeiTrolled]

thinking of transferring cash from UOB One (100k) to Mari Invest once the nerfs hit tomorrow.

any drawbacks to this move?

Mari invest is an investment, not a a place for you to hold money safely

Your capital isn't guaranteed. Do take note of this.

If you intend to rip the profits or hold short term, sure go ahead. Please reconsider if you intending to use it like a bank.

Alternatively just use the maribank 2.88%

 

[sohguanh]

Mari invest is an investment, not a a place for you to hold money safely

Your capital isn't guaranteed. Do take note of this.

If you intend to rip the profits or hold short term, sure go ahead. Please reconsider if you intending to use it like a bank.

Alternatively just use the maribank 2.88%

If ppl play us stocks change so much SGD to USD I think it is ok for one to hoot Mari Invest subject to a limit of cuz. Furthermore Mari Invest is in SGD less one headache to do currency exchange and lose some monies.

 

[sp0inK]

since 01 May is public holiday, should i only transfer into mari invest from 02 May 12am onwards? if not the 1 day interest is gone right. Cash is in another bank acc.

 

[sibeiTrolled]

since 01 May is public holiday, should i only transfer into mari invest from 02 May 12am onwards? if not the 1 day interest is gone right. Cash is in another bank acc.

I went into Mari Invest on a Friday afternoon but as the buy in cut off time was over (7.30am), my purchase was completed on the next Monday afternoon but was given the weekends profits on Tuesday.

While mine could just be dumb luck, it would be safer to make the purchase on 2nd May, before 7.30am, so that your purchase will be finalized at 3-4PM on the same day.

https://www.maribank.sg/help-centre...ce-my-buy-order-and-when-will-it-be-processed

 

[sohguanh]

since 01 May is public holiday, should i only transfer into mari invest from 02 May 12am onwards? if not the 1 day interest is gone right. Cash is in another bank acc.

Rule of thumb for me is weekend and public holiday fund manager not buying into fund. So for me will be 02 May.

 

[lovelei]

There will be a fee soon, from 1 Jul 2024, the annual management fee for the Lion-MariBank SavePlus fund will be 0.25% p.a.

Gotta say Mari Invest is more conservative than your standard SGD MMF. DYOR.

 

[sibeiTrolled]

There will be a fee soon, from 1 Jul 2024, the annual management fee for the Lion-MariBank SavePlus fund will be 0.25% p.a.

Gotta say Mari Invest is more conservative than your standard SGD MMF. DYOR.

This management fee has always been there, just that LION GLOBAL charges just 0.125% for this promo period that ends on 30 Jun 2024
https://www.maribank.sg/fees-rates/mari-invest

 

[Lè Crayons]

I went into Mari Invest on a Friday afternoon but as the buy in cut off time was over (7.30am), my purchase was completed on the next Monday afternoon but was given the weekends profits on Tuesday.

While mine could just be dumb luck, it would be safer to make the purchase on 2nd May, before 7.30am, so that your purchase will be finalized at 3-4PM on the same day.

https://www.maribank.sg/help-centre...ce-my-buy-order-and-when-will-it-be-processed

The dividends/profits is not based on dumb luck but on the NAV.

 

[sohguanh]

There will be a fee soon, from 1 Jul 2024, the annual management fee for the Lion-MariBank SavePlus fund will be 0.25% p.a.

Gotta say Mari Invest is more conservative than your standard SGD MMF. DYOR.

As of today mutual fund that can give me instant withdrawal up to 10k by itself is great achievement already. Moomoo Fullerton Liquidity is not even that instant too.

Sometimes want to put say Syfe Cash+ Guaranteed or StashAway Simple Guaranteed when they revise rates I need instant withdrawal to lock in fast.

For those eSaver iSavvy they used to be my go-to now their not so good rates I am slowly reducing.

 

[JivBunny]

Mari invest is one of the simplest, fuss free & low risk investment tool I have seen.

Quick draw out of up to $10k is also something good if you need liquid urgently.

I have recently move some out because of the UOB 150k one account requirements but still keeping vested so far as it is averaging 3.8% for me so far.

 

[JivBunny]

There will be a fee soon, from 1 Jul 2024, the annual management fee for the Lion-MariBank SavePlus fund will be 0.25% p.a.

Gotta say Mari Invest is more conservative than your standard SGD MMF. DYOR.

Like others said, the fees are already here at 0.125%. In any case, whatever % amount you see have already factored in these management fees, so what you see is what you get. No complex calculations required.

 

[sohguanh]

There will be a fee soon, from 1 Jul 2024, the annual management fee for the Lion-MariBank SavePlus fund will be 0.25% p.a.

Gotta say Mari Invest is more conservative than your standard SGD MMF. DYOR.

If you old bird in mutual fund investing you will know sure got fees only how much. Fund managers etc need to be paid for doing work mah. Even ETF also got just lower fees.

Rule of thumb is as long as the investment instrument give you returns of some percentage after all fee deduction it is worth a gamble.

Recently I fall into ETF trap of low fees becuz it did not perform as well as I expected. I compare this to an equivalent mutual fund which has higher fees.

Lastly forget about world ETF it is basically US centric ETF and the English word "World" mislead me.

 

[JivBunny]

Just something interesting that I noted, it’s a small amount but maybe good for those who are interested.

recently I cashed out >$10k from Mari Invest.

I triggered the sell on a Monday and received the money on Tuesday after 6pm.

Usually, Tuesday is the time when we received the weekend NAV accrued over the weekend or based on what I originally have. But the amount I received is the balance of what I have after selling $20k.

so from this, we can say that the best time the best time to sell is likely Tuesday or Wednesday.

 

[sallybee]

Just something interesting that I noted, it’s a small amount but maybe good for those who are interested.

recently I cashed out >$10k from Mari Invest.

I triggered the sell on a Monday and received the money on Tuesday after 6pm.

Usually, Tuesday is the time when we received the weekend NAV accrued over the weekend or based on what I originally have. But the amount I received is the balance of what I have after selling $20k.

so from this, we can say that the best time the best time to sell is likely Tuesday or Wednesday.

so you are saying by right you should received your capital+accured interest . however now you received extra interest is it?

 

[wutawa]

Just something interesting that I noted, it’s a small amount but maybe good for those who are interested.

recently I cashed out >$10k from Mari Invest.

I triggered the sell on a Monday and received the money on Tuesday after 6pm.

Usually, Tuesday is the time when we received the weekend NAV accrued over the weekend or based on what I originally have. But the amount I received is the balance of what I have after selling $20k.

so from this, we can say that the best time the best time to sell is likely Tuesday or Wednesday.

i just like to add that for tue, u have to sell after 7.30am to enjoy the weekend returns. downside is that u will only receive $20k cash on wed lor. additionally, u can split sell $10k + $10k on separate days to get your money earlier than wed 6pm.

 

[wutawa]

since 01 May is public holiday, should i only transfer into mari invest from 02 May 12am onwards? if not the 1 day interest is gone right. Cash is in another bank acc.

mari invest return for wed (ph) will reflect on fri (tmr). not sure if i have confused u.

 

[iceoxfch]

IMO the only product comparable to Mari Invest is Wise Interest. Both lets you withdraw and spend instantly. No other MMFs offer this. It's perfect for low SES users who want higher returns with instant liquidity, albeit with some risks.