MARI invest

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ahchan

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Just wondering, is anyone putting in more than 10K in Mari invest? Is it advisable to do that ? Thanks
 
gold_eagle36

gold_eagle36

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ahchan said:
Just wondering, is anyone putting in more than 10K in Mari invest? Is it advisable to do that ? Thanks
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Yea sure. Only first 10k is instant withdraw. So only do that if your amount is not needed for instant emergency
 
wutawa

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ahchan said:
Just wondering, is anyone putting in more than 10K in Mari invest? Is it advisable to do that ? Thanks
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Although I am not vested, it is ok to put more than $10k or even more than $100k in mari invest.

If u need money urgently, u can withdraw $10k 1st then the rest immediately. U will get the rest on the next business day.

If u need to withdraw more than $100k, it is better to withdraw to an external bank. Mari savings daily transfer limit is $150k.
 
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XiaoFu99

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wutawa said:
Although I am not vested, it is ok to put more than $10k or even more than $100k in mari invest.
If u need money urgently, u can withdraw $10k 1st then the rest immediately. U will get the rest on the next business day.
If u need to withdraw more than $100k, it is better to withdraw to an external bank. Mari savings daily transfer limit is $150k.
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if you submit your sell order before 7.30am, you will get your money on the same day before 6pm.

if you are going to sell more than 100k, do remember to select a bank account to deposit to instead of Mari bank as they will not accept more than 100k balance.


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JivBunny

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Actually Mari Invest is quite safe. As they generally park the money in MAS Bills.

of course there is always a risk to all investment. But this is a good parking lot for me when i do my funds transfer between my FD maturity dates to the next T-Bills or SSB.

so far I have put in more than 10k and withdraw from there few times. No issue at all.
 
JivBunny

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I just did a sell request of $200 on a Sunday 11pm and direct debit to my dbs bank account.

I received the amount almost instantly.

So for those who are concern if you can withdraw from Mari invest urgently if you need $$$.

short answer is that their promise of instant withdrawal for less than $10k applies even on weekends and at night.
 
wutawa

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JivBunny said:
I just did a sell request of $200 on a Sunday 11pm and direct debit to my dbs bank account.

I received the amount almost instantly.

So for those who are concern if you can withdraw from Mari invest urgently if you need $$$.

short answer is that their promise of instant withdrawal for less than $10k applies even on weekends and at night.
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just to compare cash withdrawal (not sell or redemption) against moomoo, moomoo isnt immediate after office hours. It may whatsapp u to offer rewards to cancel the withdrawal and maintain the asset for a period of time.
 
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sohguanh

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wutawa said:
just to compare cash withdrawal (not sell or redemption) against moomoo, moomoo isnt immediate after office hours. It may whatsapp u to offer rewards to cancel the withdrawal and maintain the asset for a period of time.
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That I agree. Also to add on for say currency exchange on weekend also next Monday morning then they change for you. Webull is close to immediate.
 
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sohguanh

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glorygoh said:
I find buy Silver better returns, although riskier than Mari invest.
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It is a lot riskier as I play both. Gold Silver and even BTC ETH I play recently so much fluctuations is like go casino gambling table play cards games.
 
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