Wahed Invest Review | Good For Investment Newbies?

An honest Wahed Invest review from investment newbie who has been this using this app for 3 months.
As a part of adulting process, I’ve been looking into investments and savings for retirement. I couldn’t just rely on EPF (Employment Pension Fund) to get by seeing how the cost of living in Malaysia has been increasing every year. Well, at least, our healthcare is cheap. But writing this post has made me realised that the future is scary and full of uncertainty.
So from all the research that I have made, Wahed Invest sounds good for investment newbies like me who’re looking for a safe and legit investment tool.
Wahed Invest Review
wahed invest

Wahed Invest is a Syariah-compliant investment platform. In Malaysia, the platform is only available on phone for both iOS and Android which you can download by clicking the link below.

I’m not going into details because you can see all the information from their official website but this app would invest the money for you with the AI technology and the only you thing you need to do is invest your money.

Sounds simple, right?

How to start investing in Wahed Invest?

  • How to sign up

You can sign up from the download link and just follow the instructions given. It took me around a week or two for my account to be verified.

You can use my referral code *shabin111* when you sign up and get yourself an RM10 start. By the way, I didn’t use any referral code when I signed up.

Stupid

I feel stupid

  • Wahed Invest fees

Out of the investment platform that I’ve looked up,  Wahed Invest has one of the lowest investment starting fees which is RM100.

  • Choosing an investment portfolio

After you get verified, there’s going be a short survey and they would recommend a portfolio based on your answers.

The app recommended me for a Moderate Aggressive portfolio but I because this is my first investment, I choose Moderate instead.

No worries. You can change the portfolio later on if you would like to be more aggressive with your investments. Just bear in mind the higher the profit is, the higher the risk.

  • How to add money aka fund to your investment

You can just add fund to your investment account per month, week, and one-time payment through credit cards or online banking.

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How much money have I earned from Wahed Invest?

I’ve been using the app for 3 months and I have lose around RM12 and gained to RM20 *2020/07/13

My Wahed Invest earning

I’ll keep using it for a year and see if it’s worthy as a long term investment.

My honest Wahed Invest review

This is for you if:

  • You’re not looking for a quick get rich scheme
  • Can tolerate loses
  • Has money to spare

This is NOT for you if:

  • You want to get rich quick. If you want an investment with higher profit, invest in stocks.
  • No money for an emergency. It takes time to withdraw the money from you Wahed Invest account.

You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets. – Peter Lynch

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Wahed Invest Good For Investment Newbies
So what do you think about my Wahed Invest review? Or do you have any investment platform to share with me? If yes, do share on the comment below.
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4 comments

    1. Yes! I’ve compared both StashAway and Wahed and ended up with Wahed. Never heard about Hello Gold before? I assume its an investment but with gold?

      Reply

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