MARI invest

[sohguanh]

Wise interest for SGD is put into LG MMF I don't see it perform as well as Mari Invest Saveplus. But it offer instant withdrawal I guess ok alternative.

Edit: just saw Wise take their own cut by withdraw from your balance wow why cannot all in the fund fees before show NAV ? I find this no good

 

[leinaday]

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

yes i got a lot of returns on Fri.... so do we get returns on Sat and Sun? if none, shld we withdraw friday and redeposit on Monday before 730am?

 

[Lè Crayons]

yes i got a lot of returns on Fri.... so do we get returns on Sat and Sun? if none, shld we withdraw friday and redeposit on Monday before 730am?

Your Sat and Sun returns will be credited on Tuesday

 

[iceoxfch]

Wise interest for SGD is put into LG MMF I don't see it perform as well as Mari Invest Saveplus. But it offer instant withdrawal I guess ok alternative.

Wise Interest is good for people who frequently spend FCY with Wise. Its an extra incentive to leave their float with Wise.

just saw Wise take their own cut by withdraw from your balance wow why cannot all in the fund fees before show NAV ?

Agreed. I would prefer seeing NAV net of fees too

 

[1l92041H]

can mari do the following?

1.) add fave payee bank account details
2.) scheduled transfer?

 

[iceoxfch]

can mari do the following?

1.) add fave payee bank account details
2.) scheduled transfer?

1. Yes
2. No

 

[trixxy]

I remb mari invest the last time I want to sign up few months ago it requires enter business UEN then I give up until now I tried again it can register for everyone. Anyone encounter this before?

 

[l0nEr_]

actually, who is the custodian of Mari invest? the funds they invest in lion global is held in our names, like endowus and stashaway?

 

[sohguanh]

actually, who is the custodian of Mari invest? the funds they invest in lion global is held in our names, like endowus and stashaway?

Wait StashAway is held in our names? Which portfolio you referring to? I believe StashAway and Syfe are in very similar business model.

Agree Endowus is unique. I am back with them again as they are bringing in some funds not found elsewhere or elsewhere demand high minimum to enter.

 

[sibeiTrolled]

I remb mari invest the last time I want to sign up few months ago it requires enter business UEN then I give up until now I tried again it can register for everyone. Anyone encounter this before?

Registered in Feb, didn't have to enter business UEN.
Maybe contact MariBank to check?

actually, who is the custodian of Mari invest? the funds they invest in lion global is held in our names, like endowus and stashaway?

In theory, Mari Invest MUST keep a list of customers, and their respective sum, who invested in this Lion Global funds.
Lion Global SHOULD ONLY knows that Mari Bank buys into their funds and shouldn't know who are the individual customers.

As for the custodian, I'm not sure. Maybe its Mari Bank parent company, Shopee?

 

[Jun666]

just received $2.92 for 1 day interest of 10K... which mean the rate is 10.6%
Am I trippin'?

 

[sibeiTrolled]

just received $2.92 for 1 day interest of 10K... which mean the rate is 10.6%
Am I trippin'?

SAT and SUN "profits" are given out as well on tuesday
So you get 3x

 

[sp0inK]

Thinking to withdraw a portion of Mari invest to put into moomoo 6.8 promo. Which day and time is best for a withdrawal above 10k?

 

[wutawa]

Thinking to withdraw a portion of Mari invest to put into moomoo 6.8 promo. Which day and time is best for a withdrawal above 10k?

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.

 

[sp0inK]

Hmm submitted seller order on a substantial portion of my Mari invest (>10k) on Wed around 1am. Hours later, the credited returns dropped by roughly the same proportion. Still pending principal to be credited

Is there a specific timing to better withdraw such that I don't lose out on the daily returns? Or is losing out something that is unavoidable

 

[sohguanh]

Hmm submitted seller order on a substantial portion of my Mari invest (>10k) on Wed around 1am. Hours later, the credited returns dropped by roughly the same proportion. Still pending principal to be credited

Is there a specific timing to better withdraw such that I don't lose out on the daily returns? Or is losing out something that is unavoidable

I have a strong suspicion how Saveplus fund manager work is they reserve a small portion of monies for investors to do instant withdrawal which is why they cap at 10k. Anything above they really need to sell the holdings to give to you which is why need 1 day later.

Typical mutual funds do not offer instant withdrawal feature at all. Mari Invest Saveplus fund is truly unique.

 

[wutawa]

I have a strong suspicion how Saveplus fund manager work is they reserve a small portion of monies for investors to do instant withdrawal which is why they cap at 10k. Anything above they really need to sell the holdings to give to you which is why need 1 day later.

Typical mutual funds do not offer instant withdrawal feature at all. Mari Invest Saveplus fund is truly unique.

as per Mar factsheet, 8.4% cash equivalent = $27.3m. it should be enough not to sell any holdings.
https://lgi.dzhintl.com/doc/uploads/documents/index.php?type=FS&fid=OFBF&lang=EN

 

[wutawa]

actually, who is the custodian of Mari invest? the funds they invest in lion global is held in our names, like endowus and stashaway?

your 2 questions are conflicting. HSBC hk is the custodian while HSBC in sg manages the unit-holders record.

HSBC Institutional Trust Services (Singapore) Limited is the registrar for the Fund. The register of Holders of the Fund (the “Register”) can be inspected at 20 Pasir Panjang Road (East Lobby), #12-21 Mapletree Business City, Singapore 117439 during usual business hours subject to reasonable conditions and restrictions as we or the Trustee may impose. The Register is conclusive evidence of the number of Units in any Sub-Fund held by each Holder and the entries in the Register shall prevail if there is any discrepancy between the entries in the Register and the details appearing on any statement of holding, unless the Holder proves to our satisfaction and the satisfaction of the Trustee that the Register is incorrect.

https://lgi.dzhintl.com/doc/uploads/documents/index.php?type=PPHS&fid=UMNWS&lang=EN

 

[wutawa]

Hmm submitted seller order on a substantial portion of my Mari invest (>10k) on Wed around 1am. Hours later, the credited returns dropped by roughly the same proportion. Still pending principal to be credited

Is there a specific timing to better withdraw such that I don't lose out on the daily returns? Or is losing out something that is unavoidable

tmr (thu) double rate return. this is "pure luck".

 

[Jorgensen]

tmr (thu) double rate return. this is "pure luck".

Is this Thursday doube rate retrn consistent? I think the previous rate i didnt receive this. The Tues 3X returns has been consistent so far though