MARI invest

[SpicyBird]

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

but most of the funds are investing in other countries government securities, t-bills and bank deposits. How is it possible to lose? Sorry, I'm new to cash funds, just trying to understand how it works and what are the risks involved. Thanks.

 

[wutawa]

but most of the funds are investing in other countries government securities, t-bills and bank deposits. How is it possible to lose? Sorry, I'm new to cash funds, just trying to understand how it works and what are the risks involved. Thanks.

I have no idea too. I only commented based on your assumption.

 

[SpicyBird]

I have no idea too. I only commented based on your assumption.

I see i see, Thank you v much!

 

[ahchan]

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%

Just check today (Tue) payout....seems not for 3 days (Tue+Sat+Sun) this week....only for 2 days.
Is it same for the rest?

 

[ekardo]

Just check today (Tue) payout....seems not for 3 days (Tue+Sat+Sun) this week....only for 2 days.
Is it same for the rest?

Ya. Same. So far Mari bank very inconsistent with their daily interest credits. Keep my mind working all the while.

 

[bargin]

Ya. Same. So far Mari bank very inconsistent with their daily interest credits. Keep my mind working all the while.

Agreed. Lately they are coming with different pattern for the daily interest credits.

 

[sohguanh]

Ya. Same. So far Mari bank very inconsistent with their daily interest credits. Keep my mind working all the while.

Agreed. Lately they are coming with different pattern for the daily interest credits.

Reason is mas bill also dropping so to keep up the rates fund manager recently sourcing new lobangs so this transition period the fund returns maybe volatile.

That is why last few weeks I posted about alternative. I will test water Singlife next although cap at 10k no fish shrimp also can lah.

 

[wutawa]

Ya. Same. So far Mari bank very inconsistent with their daily interest credits. Keep my mind working all the while.

They r not supposed to be consistent so it is fine. Just want to reiterate that it has no daily, no int, no crediting. The return is based on the fluctuations of it's market value.

 

[glorygoh]

Everyday 2.88/5.76/8+
Everyday free cai png

 

[ekardo]

They r not supposed to be consistent so it is fine. Just want to reiterate that it has no daily, no int, no crediting. The return is based on the fluctuations of it's market value.

this doesnt explain why they cannot be consistent in their payout leh..

 

[Mickey01]

this doesnt explain why they cannot be consistent in their payout leh..

This product may not be suitable for you as it did not meet your expectations.

 

[wutawa]

this doesnt explain why they cannot be consistent in their payout leh..

fluctuation

1. an irregular rising and falling in number or amount

 

[ekardo]

fluctuation

1. an irregular rising and falling in number or amount

We are talking about the Frequency, not the interest rate.

 

[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

Today last day! Anyone trying?

I chatted with the support on Monday, still have slots.

 

[sohguanh]

Today last day! Anyone trying?

I chatted with the support on Monday, still have slots.

They beat chest say 100% guarantee?

 

[Sambuca78]

They beat chest say 100% guarantee?

No leh, but i feel like buay pai leh.

 

[wutawa]

Today last day! Anyone trying?

I chatted with the support on Monday, still have slots.

I interested but bo lui

 

[Sambuca78]

I interested but bo lui

Interested in 20k or 100k wan?

 

[ekardo]

I also interested but fd coming back only in Oct

 

[x9evolution]

Just check today (Tue) payout....seems not for 3 days (Tue+Sat+Sun) this week....only for 2 days.
Is it same for the rest?

Anyway , in total there are 7X every week