MARI invest

[wutawa]

I regretted using all the money in mari invest to buy Eth etf. Big loss! Now slowly using my salary to build up Mari invest again. Mmf ftw!

 

[ahchan]

Seems today is $0 again...
Haha...and I just added some money to it today...

 

[sp0inK]

I regretted using all the money in mari invest to buy Eth etf. Big loss! Now slowly using my salary to build up Mari invest again. Mmf ftw!

with incoming interest rate cuts, mmfs are going to start getting lower and lower too

 

[ctan84]

I regretted using all the money in mari invest to buy Eth etf. Big loss! Now slowly using my salary to build up Mari invest again. Mmf ftw!

Da-fish ???? U did what ????? Thought u r low risk investor ???

 

[sohguanh]

with incoming interest rate cuts, mmfs are going to start getting lower and lower too

MMF lower bank FD even lower this is what I research for past week. If SDIC protection not mandatory MMF still a bit more than bank FD. Best is both also put but in different weightage.

 

[wutawa]

I guess the new promo isn't attractive since no one mentions.

 

[Lè Crayons]

I guess the new promo isn't attractive since no one mentions.

Below 100k is only extra 0.75% interest. Not much.

 

[Sambuca78]

I guess the new promo isn't attractive since no one mentions.

+100k got 5.07% leh, look not bad.

Is it guaranteed?

 

[Krabs.]

I guess the new promo isn't attractive since no one mentions.

i think not everybody receive the promo notification ........

can describe more ?
currently no more to add in ... last time promo they cut off existing , only count incremental

 

[gold_eagle36]

I regretted using all the money in mari invest to buy Eth etf. Big loss! Now slowly using my salary to build up Mari invest again. Mmf ftw!

Hope you didn't cut loss. Just hold and it will be fine.

 

[reflecx]

Need to receive notification

Incremental Investment, buy from 10-18 Sep, hold from 19 Sep to 16 Oct

20-100k +0.75% (first 2000 customers)
100-150k +1.5% (first 300 customers)

 

[LexusIS]

Need to receive notification

Incremental Investment, buy from 10-18 Sep, hold from 19 Sep to 16 Oct

20-100k +0.75% (first 2000 customers)
100-150k +1.5% (first 300 customers)

I received too. Looks interesting but dunno if upcoming Fed interest rate cut will impact principal or not.

 

[fr33d0m]

How to know first 2000/300….

 

[sohguanh]

How to know first 2000/300….

Now MariBank follow the rest of the banks like to use first XXX if don't give you you also cannot complain

10 Sep 2024 start and today is 11 Sep 2024 think all taken up liao as rates are dropping across the board

 

[Sambuca78]

Now MariBank follow the rest of the banks like to use first XXX if don't give you you also cannot complain

10 Sep 2024 start and today is 11 Sep 2024 think all taken up liao as rates are dropping across the board

Actually it is mere 28 days only, so maybe not many are interested.

 

[JivBunny]

Nowadays can predict how Mari Invest pay out is like.

Fri - No payout
Sat - No payout because market is close
Sun - No payout because market is close
Mon - Payout for 1 day
Tues - Payout for 3 days (Sat+Sun+Tue)
Wed - Payout for 1 day
Thu - Pay for 2 days (Fri and Thu)

total payout based on 1 week

based on this. Can just take one day payout x 365 and divide by the invest amount to get the interest rate. Which is ard 3.5%

 

[sohguanh]

Nowadays can predict how Mari Invest pay out is like.

Fri - No payout
Sat - No payout because market is close
Sun - No payout because market is close
Mon - Payout for 1 day
Tues - Payout for 3 days (Sat+Sun+Tue)
Wed - Payout for 1 day
Thu - Pay for 2 days (Fri and Thu)

total payout based on 1 week

based on this. Can just take one day payout x 365 and divide by the invest amount to get the interest rate. Which is ard 3.5%

Not saying you are wrong just share the mechanism underneath. Mari Invest underlying is a mutual fund which work with the concept of units. The price per unit aka NAV is released once a day and you can check them in Lion Capital Saveplus fund NAV history. It is not payout so as to speak it is that unit price has rise up something like stock,ETF shares.

E.g today 1 unit is NAV $1. The same 1 unit is NAV $1.001 the next day. So if you have 1000 units means you got $1001. Your so called payout is $1

Since it is a mutual fund the moomoo Cash Plus aka Fullerton Cash Fund work in the same mechanism.

 

[wutawa]

Nowadays can predict how Mari Invest pay out is like.

Fri - No payout
Sat - No payout because market is close
Sun - No payout because market is close
Mon - Payout for 1 day
Tues - Payout for 3 days (Sat+Sun+Tue)
Wed - Payout for 1 day
Thu - Pay for 2 days (Fri and Thu)

total payout based on 1 week

based on this. Can just take one day payout x 365 and divide by the invest amount to get the interest rate. Which is ard 3.5%

Going by your calc, my yield is 3.49%.

 

[SpicyBird]

Not saying you are wrong just share the mechanism underneath. Mari Invest underlying is a mutual fund which work with the concept of units. The price per unit aka NAV is released once a day and you can check them in Lion Capital Saveplus fund NAV history. It is not payout so as to speak it is that unit price has rise up something like stock,ETF shares.

E.g today 1 unit is NAV $1. The same 1 unit is NAV $1.001 the next day. So if you have 1000 units means you got $1001. Your so called payout is $1

Since it is a mutual fund the moomoo Cash Plus aka Fullerton Cash Fund work in the same mechanism.

Based on this if 1 unit is NAV $0.9 that mean we would lose our capital?

 

[wutawa]

Based on this if 1 unit is NAV $0.9 that mean we would lose our capital?

Yes, we lose at least 10% of our capital.
Same principle as unit trust.