MARI invest

[wutawa]

By the way, keep reinvested, your average NAV will drop quite significantly.

I observe a downtrend based on the reinvested unit price.

reinvest is not good although I am reinvesting.

 

[lazy999]

@lazy999 the app only states the order processing time and not the nav rate. as such, there is no proof that the cs is wrong.

Thanks for sharing bro, i happen to see this too.

 

[lazy999]

Gold price inching up again

Hope dont suddenly drop like last wk

 

[Prohere7321]

@lazy999 the app only states the order processing time and not the nav rate. as such, there is no proof that the cs is wrong.

Let say submit on Tuesday 0855, order confirmed on Wednesday around 1400 onwards, which takes the NAV Price announced on Wednesday afternoon.

If submit on Tuesday 0905, order confirmed on Thursday around 1400 onwards, which takes the NAV Price announced on Thursday afternoon.

The chances of having the same NAV Price on two consecutive days are extremely low on MIG compared to MII and MISP.

 

[lazy999]

Let say submit on Tuesday 0855, order confirmed on Wednesday around 1400 onwards, which takes the NAV Price announced on Wednesday afternoon.

If submit on Tuesday 0905, order confirmed on Thursday around 1400 onwards, which takes the NAV Price announced on Thursday afternoon.

The chances of having the same NAV Price on two consecutive days are extremely low on MIG compared to MII and MISP.

Thanks for the detailed explaination bro.

 

[Prohere7321]

I estimate MIG since inception to rise towards around 12% after tomorrow NAV Price update.

 

[AnTiLooP]

ok. Not my first time. I usually buy MII on the cut off time to get the payout, then i will proceed to sell. I bought on 28 Jan, unit price was $9.58. So now i have to wait for a few more days.

Is this a good technique as opposed to just leaving funds there to rot ?

 

[Prohere7321]

MIG NAV Price increases for tomorrow, around 1.1283.

 

[jayvenkoh]

Is this a good technique as opposed to just leaving funds there to rot ?

Almost all times i get back the same amount i sold and there is once i get back slightly more. I just want to receive payout that's all.

 

[wutawa]

Almost all times i get back the same amount i sold and there is once i get back slightly more. I just want to receive payout that's all.

i tink u can receive payout monthly even though if u don't sell.

 

[IAmChiobu12M]

sorry for the confusion. the Mari cs is definitely right.

Haven't been following a thread but want a simple tldr.

So the price is based on the date I buy? Do I get the exact actual price or before or after or how it works?

 

[wutawa]

Haven't been following a thread but want a simple tldr.

So the price is based on the date I buy? Do I get the exact actual price or before or after or how it works?

u get the price after.

 

[Prohere7321]

Using SG Time, on business days, place buy/sell order at around 0830, you have around 10 hours to know the actual price you will be getting. Shortest possible time to get the actual price is around 9 hours 32 minutes if you buy at 0858. LBMA Gold Price AM comes in at 1830 on business days in London. Within the waiting period before 1830, Gold Price can still move.

 

[jayvenkoh]

i tink u can receive payout monthly even though if u don't sell.

Yes. But i prefer to store my $$ in my Mari savings. Consistent interest daily.

 

[~sabaisabai~]

Yes. But i prefer to store my $$ in my Mari savings. Consistent interest daily.

Can also. You get 0.88% daily
Do note investment comes with risk
Saving bank interest no risk. But low rate. Capital protected

 

[IAmChiobu12M]

Using SG Time, on business days, place buy/sell order at around 0830, you have around 10 hours to know the actual price you will be getting. Shortest possible time to get the actual price is around 9 hours 32 minutes if you buy at 0858. LBMA Gold Price AM comes in at 1830 on business days in London. Within the waiting period before 1830, Gold Price can still move.

So means buy 830am but actual price will only know 630pm same day?

 

[Prohere7321]

So means buy 830am but actual price will only know 630pm same day?

Yes, at 1830 your buy/sell price is determined already based on LBMA Gold Price AM, nothing will change it. MIG will take that price the next day at around noon, and the fund manager will confirm your order usually after 1400.

 

[wutawa]

Stucked on MII cruise ship for 3rd month straight including current month!

thanks for reinforcing that this investment is not for growth or to beat benchmark, but to enjoy consistent mthly payout.

Is this a good technique as opposed to just leaving funds there to rot ?

@AnTiLooP both Canberra and jayven have shared their experiences that mii isnt suitable to buy and sell at short periods. this is because once the unit price falls a bit more than usual, it will negate the small gains as opposed to all the trouble of tradings. on the other hand, just leaving mii to rot (capital depreciates) will earn at least 4% pa (inclusive of +6% payouts).

 

[Prohere7321]

MII NAV Price starting to rise, 9.52.

 

[AnTiLooP]

@AnTiLooP both Canberra and jayven have shared their experiences that mii isnt suitable to buy and sell at short periods. this is because once the unit price falls a bit more than usual, it will negate the small gains as opposed to all the trouble of tradings. on the other hand, just leaving mii to rot (capital depreciates) will earn at least 4% pa (inclusive of +6% payouts).

Guess it's a long term thingy. I'll just leave it to rot then. When do you, as an outlier start to react should the nav tank ? What's your personal "that's it" tolerance ?