Raiz Invest Malaysia Referral - get RM5 - app.raiz.com.my/invite/4VZ2E3

Raiz Invest Malaysia is organizing a friend referral campaign. Each of us get RM10 after topping up just RM5 from your Maybank Account. The robo advisor taps into PNB (Permodalan Nasional Berhad)'s variable rate funds. This means you get RM10 just putting in RM5. A major prerequisite for signing up is you need to have a Maybank account with a debit card (ATM card).

(💡 Update: This campaign has ended on 30/9/2020 and the reward of RM10 has been reduce to RM5 if you use my referral)

Raiz Invest is a micro savings and miro investing robo advisor app.

All Raiz investment portfolios are investing in unit trust funds managed by Amanah Saham Nasional Berhad (ASNB), a wholly-owned subsidiary company of Permodalan Nasional Berhad (PNB).

I wrote an earlier article (detailed) about the Raiz Invest robo advisor app:

https://propfessor.blogspot.com/2020/06/raiz-invest-fomerly-acorns-malaysia.html

🔗👉My Referral Link is as belows:
app.raiz.com.my/invite/4VZ2E3

I've compiled a table listing the % percentage of management fees you would be paying if you invested below RM6,000. Under RM6K, your management fee is RM1.50 per month which turns out to be RM18 per year already. You will notice you are paying higher management fees at investments less than RM6,000.

The management fees below 1% is quite low as compared to what mutual fund/unit trust companies charges which are in excess of 1% (around 1.5%) depending on the fund type. Do note that while at 0.3%, the management fees charged is the lowest of all robo advisors in the market (eg Stashaway, Wahed Invest, MyTheo, Akkru), it's investment instrument is PNB variable funds which is actually unit trust funds that incurs its own management cost while the typical robo advisor's investment instrument is low cost ETFs. Having said that low cost ETFs also have their own risks particularly those US denominated ETFs where you have an additional forex risk (eg changes in RM/USD exchange rates) and US investment related laws like dividend withholding tax.

Do not put in below RM1,000 as the management fees will be very high and erode your principle.

Why Raiz Invest ?

Use it like a digital savings for pocket money but start with big initial investments (~RM1,000-RM2,000) because the management fees is very expensive if you start with a small initial investment.
You believe in the strength and potential in the Malaysian Stock Market (KLCI now only a 1500 points)