[There is an update to this article. Please click here to read it.] Recently, Bank Negara Malaysia (BNM) has cut its overnight policy rate (OPR) by 0.25% to 2.75%. How does this affect Rakuten Trade‘s interest rate on our cash deposits? Previous Rakuten Trade’s interest rate I guess most Rakuten Trade users notice the Interest …
In July 2019, I encountered my first defaulted note on Funding Societies Malaysia after two years with the platform. Today, I am glad to say that I have recouped my principal and thus, suffer no loss from this delinquent note. What happened? Funding Societies Malaysia managed to get the note issuer to settle the outstanding …
Fundaztic (Link) changed its management of defaulted notes again after the recent changes that I mentioned in a previous article. What are the changes this time? Termination of email updates Previously, the platform would send the investors emails to update on defaulted notes. However, this service is being stopped from now on. Although the platform …
After the first email regarding my defaulted note in Fundaztic, I finally received an update after six months. So what’s the news? Bankruptcy notice In the email, it is stated that Sealed Judgement Order was obtained and served in early of the year. Fundaztic (Link) has instructed lawyers to file for bankruptcy notice in February. …
This is an update to my December 2018 article about Defaulted Notes in Fundaztic. There are some changes that the platform made and new discovery that I found. New definition of default First, Fundaztic has reclassified defaulted note as a note that is 90 days past due, instead of 60 days as before. This reclassification …
Previously I have mentioned about the transformation of Fundsupermart (FSM) platform. After the transformation, its mutual fund screener, the Fund Selector (Link), has also changed since I last discussed about it. What are the changes? New FSMOne Fund Selector First, the available criteria are reduced from 14 to 12. These criteria are Fund Managers, Risk …
When I logged in to Fundsupermart (FSM) recently, I noticed that the platform has undergone a transformation. It is now known as FSMOne. As confirmed with the FSMOne team, the platform is upgraded on 21 December 2018. So, what are the changes? In this update, I will just write about the Funds segment of the …
