Maybank launched goal-based investment (GBI) about a year ago. It is basically unit trust funds based investment where you can combine a number of trust funds in one group, determine the percentage of each, put on a fixed amount of money and Maybank will do the purchase. I decided to try and created a goal comprising the following funds. The idea is, since we have to put aside RM270/month for our children’s takaful premium that we pay annually, maybe I can try to generate something from the cumulative amount before we actually use it a year later. After the creation, I started RCA-ing this fund on monthly basis until it reached a point where I decided to stop. The main reason is that the performance of the fund kept declining and I was concerned that we were going to lose even more. I put the remaining into a safer investment instrument.
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| Stopped RCA-ing in February 2025 |
Only recently it started to show growth and is giving positive return, which is just nice because it’s about time we have to pay for the annual premium. I finally closed this goal on 10th July 2025 with RM6.60 loss. A margin that I can tolerate and can be covered by the profit from the remaining amount that I put somewhere else after I stopped RCA-ing. I’m now looking at another instrument to start another year of RCA.
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