Moomoo Buddy
:
Your first daily return was zero because the daily return is to compare the previous day's fund ending NAV with lates fund NAV. Based on the information provided, there is no previous fund position to compare with latest position. Therefore the daily return was zero
JjTern
:
But i also notice, I have put my funds since 9th August, and I have 5 days where the interest is 0, and I read it is supposed to be earning interest even on weekends right? But never see any interest credited
Jason0810
OP
JjTern
:
but the interest more than fd. On top show 3.69% I invest 10k the return is 1.83 per day if 3.69% it should be 10000*3.69/100/365=1.010958904
Moomoo Buddy : Your first daily return was zero because the daily return is to compare the previous day's fund ending NAV with lates fund NAV. Based on the information provided, there is no previous fund position to compare with latest position. Therefore the daily return was zero
ah hon : @Moomoo Buddy does this mean the return can be negative also?
Moomoo Buddy ah hon : Yes it could be if the latest NAV of the fund is lesser with the previous day's NAV of the fund.
JjTern : But i also notice, I have put my funds since 9th August, and I have 5 days where the interest is 0, and I read it is supposed to be earning interest even on weekends right? But never see any interest credited
Jason0810 OP JjTern : today also don't have interest
lyndaa : emm cannot open akaun
JjTern Jason0810 OP : Ya wor... They say it can be negative also, so seems like very volatile cash investment. Probably can say worse than FD.
Jason0810 OP JjTern : but the interest more than fd. On top show 3.69% I invest 10k the return is 1.83 per day if 3.69% it should be 10000*3.69/100/365=1.010958904
JjTern : I think maybe they added the weekend rate into it, I'm guessing, maybe 10000*3.69/100/260 = 1.42 as there are around 260 weekdays in a year.
But still not to close to the 1.83 you are getting now. I just don't feel I understand the product really well. Don't dare to put much into it.