MARI invest

[wutawa]

Truly absurd.

Already feedback to Maribank.

You guys should write in too.

i dont understand why is it absurd. isnt showing the daily return better than monthly return since we can redeem on any day? does moomoo or webull show monthly return on their mmf?

 

[rob1977]

i dont understand why is it absurd. isnt showing the daily return better than monthly return (since we can redeem on any day?

And sometimes I notice the daily interest will double. Not because of weekends

 

[sibeiTrolled]

Already feedback to Maribank.

Be me, track daily

Kidding. Created just for fun.

I can see why you may want this feature since it really helps to visualize the data.

But as you can see it jumps, so if you were trying to compare monthly % against for example FD or ESaver/EGA, then i really don't recommend it.

 

[Mecisteus]

i dont understand why is it absurd. isnt showing the daily return better than monthly return since we can redeem on any day? does moomoo or webull show monthly return on their mmf?

Yes you don't understand.

Be me, track daily

Kidding. Created just for fun.

I can see why you may want this feature since it really helps to visualize the data.

But as you can see it jumps, so if you were trying to compare monthly % against for example FD or ESaver/EGA, then i really don't recommend it.

The Mari saver has cumulative interests for the month in statement.

Can do the same thing for Mari invest.

Yeah alternatively, you need to track yourself.

No way to export as csv also. So you have to track manually.

Its absurd for a digital bank.

 

[sibeiTrolled]

Yeah alternatively, you need to track yourself.

No way to export as csv also. So you have to track manually.

Right! Export as CSV. Forgotten about this

Ya, if they at least have this, tracking / data input could be much easier.

Its absurd for a digital bank.

I won't say absurd, but they and some other banks or digital service provider probably find such functionality a little too niche which i am not surprised.

In the end, even big companies also like to cut corners and provide bare minimum functionalities while maintaining a facade through "suggestion" forum as if they care.
cough CISXX cough

 

[wutawa]

Be me, track daily

Kidding. Created just for fun.

I can see why you may want this feature since it really helps to visualize the data.

But as you can see it jumps, so if you were trying to compare monthly % against for example FD or ESaver/EGA, then i really don't recommend it.

mthly yield is really wrong for mari invest. 0.281% x 12 mths = 3.372% p.a. the drop in yield is due to no immediate return on weekends (i.e. 29 jun on sat & 30 jun on sun).

 

[wutawa]

Right! Export as CSV. Forgotten about this

Ya, if they at least have this, tracking / data input could be much easier.


I won't say absurd, but they and some other banks or digital service provider probably find such functionality a little too niche which i am not surprised.

In the end, even big companies also like to cut corners and provide bare minimum functionalities while maintaining a facade through "suggestion" forum as if they care.
cough CISXX cough

do the other digital banks such as gxs and trust bank provide similar investment products? do those products have total returns for a particular month?

 

[wutawa]

Yes you don't understand.

i wont write in then

 

[Mecisteus]

i wont write in then

huh who are you ?

We don't really need you.

Let other willing users do.

mthly yield is really wrong for mari invest. 0.281% x 12 mths = 3.372% p.a. the drop in yield is due to no immediate return on weekends (i.e. 29 jun on sat & 30 jun on sun).

Its not wrong.

 

[wutawa]

huh who are you ?

We don't really need you.

Let other willing users do.

do share with us the reply or outcome for writing in. thanks.

 

[sibeiTrolled]

mthly yield is really wrong for mari invest. 0.281% x 12 mths = 3.372% p.a. the drop in yield is due to no immediate return on weekends (i.e. 29 jun on sat & 30 jun on sun).

This is what i already said.

But as you can see it jumps, so if you were trying to compare monthly % against for example FD or ESaver/EGA, then i really don't recommend it.

do the other digital banks such as gxs and trust bank provide similar investment products? do those products have total returns for a particular month?

How would i know, my first MMF bought through Mari. Don't have other digital bank banks account

I know that i am not required to answer these but it's either you are tired or trying to mis-read my sentences
Just don't drag me into your fight.

 

[Mecisteus]

This is what i already said.




How would i know, my first MMF bought through Mari. Don't have other digital bank banks account

I know that i am not required to answer these but it's either you are tired or trying to mis-read my sentences
Just don't drag me into your fight.

Actually the returns are comparable. That's how you decide which financial instruments perform better.

2 ways to calculate monthly returns.

1) Closing month price over opening month price. Annualize it. This is a similar return you see on Mari invest page.

2) Add up all the interests. This method is a bit tricky because balances may not be constant.

Anyway this Mari invest is a mmf. So you should expect less returns due to management fees and easy liquidity including capital and interests.

 

[Mickey01]

Actually the returns are comparable. That's how you decide which financial instruments perform better.

2 ways to calculate monthly returns.

1) Closing month price over opening month price. Annualize it. This is a similar return you see on Mari invest page.

2) Add up all the interests. This method is a bit tricky because balances may not be constant.

Anyway this Mari invest is a mmf. So you should expect less returns due to management fees and easy liquidity including capital and interests.

for those who treat the Mari Save Plus as an ATM; frequent withdrawal and deposits in a month, I agree that Option 1 will be the best indication/ estimate of their average % return.

The Mari Save Plus is a fund and returns are based on daily NAV and is different from bank interest but some prefer to treat it like bank interest credits which I find amusing (bank give an annual interest % and you get the daily interest by multiplying this rate with end of day balance).

 

[AndroidComa]

for those who treat the Mari Save Plus as an ATM; frequent withdrawal and deposits in a month, I agree that Option 1 will be the best indication/ estimate of their average % return.

The Mari Save Plus is a fund and returns are based on daily NAV and is different from bank interest but some prefer to treat it like bank interest credits which I find amusing (bank give an annual interest % and you get the daily interest by multiplying this rate with end of day balance).

i everyday xfer in and out 10k now
xfer out at 6pm to savings, xfer in by 7.30am to plus

but i wonder should i transfer in for the weekend or not (Sat and Sun)

 

[wutawa]

i everyday xfer in and out 10k now
xfer out at 6pm to savings, xfer in by 7.30am to plus

but i wonder should i transfer in for the weekend or not (Sat and Sun)

Wah, u very free

 

[AndroidComa]

Wah, u very free

bo bian
mari savings dropped interest have to do extra work to cover up

 

[wutawa]

bo bian
mari savings dropped interest have to do extra work to cover up

ic. i concern that your style may trigger the bank or they may implement something to close this lobang.

transfer in during weekend will hurt your yield because the order wont be processed until next business day and weekend doesnt generate immediate return.

 

[AndroidComa]

ic. i concern that your style may trigger the bank or they may implement to close this lobang. transfer in during weekend will hurt your yield because the order wont be processed until next business day and weekend doesnt generate immediate return.

then i will do this on monday instead.. thanks

 

[ekardo]

good idea leh.. 70c per day

 

[FlyGuardX]

Today I got 0 for mari invest