MARI invest

[Lè Crayons]

Is it? Hmmm strange since monies not yet go inside Saveplus. Well if it work for you carry on your practice. For me I play safe. Monies not yet go in can get interest haha

Yah I also cannot understand this but it happened this way for me.

 

[wutawa]

If buy on Friday after 0730 and weekend, holiday that monies not yet buy into the Saveplus fund by fund manager. Since not inside Saveplus how to get weekend, holiday interest for those monies leh?

Rule of thumb for me is avoid Fri, weekend and public holiday.

The int for sat and sun is reflected on Tue so buying on Fri after 7.30am incur no loss.

This is because return is based on nav price. And weekend nav is factored on Tue.

 

[Uramasa]

Good return from the last 2 days.

 

[sohguanh]

Good return from the last 2 days.

It will be good to compare whole month of Apr with SCB eSaver 3.45% during May haha

 

[NaProXeN]

Like to know if there is any zero or negative returns from 8/4-12/4?

 

[wutawa]

Like to know if there is any zero or negative returns from 8/4-12/4?

All becoming Mari invest experts. know how to check price table instead of panic on daily return. 古得古得
https://www.lionglobalinvestors.com/en/fund.html?officialNav=OFBF

Refer to price table

 

[NaProXeN]

Thank you. Good earnings.

 

[wutawa]

Since this thread about Choco finance or whatever name it has changed to, i will just keep it short.
I really recommend to know more about mari invest over at the mari invest thread.

IMO, No. This is my tracking list for mari. My initial buy in is 3K SGD and 0.29 / 0.30 SGD per day is the norm.

I am assuming you just bought into mari invest on 11 or 12 April? So that might skew your data since it has been double payouts for those 3 days.

U sibei on for a $3k investment.
What is your average yield %?

 

[sibeiTrolled]

U sibei on for a $3k investment.
What is your average yield %?

Daily returns easy to check and quantify the rates so just did it for the lulz

Days	75​
Total Earns	22.95​
Cumul %	3.723​

 

[sallybee]

Seems like today the amount drop for mari invest.

 

[wutawa]

Seems like today the amount drop for mari invest.

I still getting the usual return.

 

[ablurcat]

Yesterday and today, I am getting 50% lesser than other days of this week.

 

[wutawa]

Yesterday and today, I am getting 50% lesser than other days of this week.

the similar display (and instant withdrawal) gives ppl a misconception that mari invest is like mari savings, only with a higher yield. the neg return will wake them up showing that the original capital can actually be lost. its yield, though stable, is not fixed. although i have put all my cash into this, i hope that everyone knows what they r actually buying and not regret later.

do note that some days may give 0 or even negative return.

 

[wutawa]

Tbill	Mari Savings	Mari invest
Guaranteed capital and yield. abt 3.75%	Guaranteed capital and 2.88% till 30 jun. covered by sdic	yield subjected to price movement and market value. not covered by sdic. abt 3.65%
Upfront cash return	daily int credited (compounded)	daily return (compounded)
Can be bought with cash, srs and cpf	cash only	cash only
No max limit	max $100k	No max limit
no fees	no fees	management fee will be doubled from 1 jul (to be 0.25%)
min $1k	no min	min $1
fund locked for 6 or 12 mths	$150k daily transfer limit	instant withdrawal for < $10k, next business day for > $10k
available for bidding every 2 weeks.	only available via mobile app	can buy or sell at any time of the day

 

[CoffeeDrinker8899]

Tbill	Mari Savings	Mari invest
Guaranteed capital and yield. abt 3.75%	Guaranteed capital and 2.88% till 30 jun. covered by sdic	yield subjected to price movement and market value. not covered by sdic. abt 3.65%
Upfront cash return	daily int credited (compounded)	daily return (compounded)
Can be bought with cash, srs and cpf	cash only	cash only
No max limit	max $100k	max $100k
no fees	no fees	Mari invest management fee will be doubled from 1 jul (to be 0.25%)
min $1k	no min	min $1
fund locked for 6 or 12 mths	$150k daily transfer limit	instant withdrawal for < $10k, next business day for > $10k
available for bidding every 2 weeks.	only available via mobile app	can buy or sell at any time of the day

Didn't know Mari Invest had a 100k limit, quite perplexing why they would set such a low limit.

 

[wutawa]

Didn't know Mari Invest had a 100k limit, quite perplexing why they would set such a low limit.

Sry, the $100k is something I presume. Has anyone put more than $100k in mari invest?

 

[Uramasa]

Tbill	Mari Savings	Mari invest
Guaranteed capital and yield. abt 3.75%	Guaranteed capital and 2.88% till 30 jun. covered by sdic	yield subjected to price movement and market value. not covered by sdic. abt 3.65%
Upfront cash return	daily int credited (compounded)	daily return (compounded)
Can be bought with cash, srs and cpf	cash only	cash only
No max limit	max $100k	max $100k
no fees	no fees	Mari invest management fee will be doubled from 1 jul (to be 0.25%)
min $1k	no min	min $1
fund locked for 6 or 12 mths	$150k daily transfer limit	instant withdrawal for < $10k, next business day for > $10k
available for bidding every 2 weeks.	only available via mobile app	can buy or sell at any time of the day

You can invest more than $100k onto Mari Invest.

 

[Jorgensen]

Tbill	Mari Savings	Mari invest
Guaranteed capital and yield. abt 3.75%	Guaranteed capital and 2.88% till 30 jun. covered by sdic	yield subjected to price movement and market value. not covered by sdic. abt 3.65%
Upfront cash return	daily int credited (compounded)	daily return (compounded)
Can be bought with cash, srs and cpf	cash only	cash only
No max limit	max $100k	No max limit
no fees	no fees	Mari invest management fee will be doubled from 1 jul (to be 0.25%)
min $1k	no min	min $1
fund locked for 6 or 12 mths	$150k daily transfer limit	instant withdrawal for < $10k, next business day for > $10k
available for bidding every 2 weeks.	only available via mobile app	can buy or sell at any time of the day

Kudos for the effor!. I think It will be helpful if can include other digital banks like syfe and gxs and also the timing which the interests are credited daily

 

[wutawa]

Kudos for the effor!. I think It will be helpful if can include other digital banks like syfe and gxs and also the timing which the interests are credited daily

i dont mind if anyone who is familiar with syfe and gxs add in more data into this table.

 

[FlyGuardX]

Mari invest rate looks good