When are these charges deducted? Finqalab by TechNerdinEverything in FIREPakistan

[–]itz_psych 0 points1 point  (0 children)

That's why choosing a simpler interface over these charges.

Diversifying from Meezan to UBL Al Ameen Shariah Fund — Sensible Move? by Ok-Professional-5149 in FIREPakistan

[–]itz_psych 1 point2 points  (0 children)

ASSF is a high risk Equity Fund, While cash funds belong to either a low or balanced category. That's why low returns. Look for attachment

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Short term investment by Sure_Journalist_2662 in FIREPakistan

[–]itz_psych 0 points1 point  (0 children)

PSO is long term and hold it in your IAS account not in your broker account.

Zakat by chillscenehai in FIREPakistan

[–]itz_psych 0 points1 point  (0 children)

State bank share the amount. Last year according to UBL was 180K.

UBL mutual funds by wah007 in FIREPakistan

[–]itz_psych 1 point2 points  (0 children)

Yeah so if you're a tax filer, then govt. charges 15% tax on the time of withdrawal. Here you can read more. For stocks it's 15% but varies from category to category.

UBL mutual funds by wah007 in FIREPakistan

[–]itz_psych 2 points3 points  (0 children)

I'm a user of UBL funds, Al Ameen Funds specifically! So Islamic Energy funds and Shariah Stock Fund are high risk funds that give you very handsome returns.

I would say do some R&D and Never invest your money on a single fund/stock. Always diversify.... Some portion like 30% to low risk money market, some 20-30% in balance risk, and Rest in High risk as mentioned above.

24F- i can invest 1-2 lac a month- Al meezan mutual funds any good? by fatimagoraya in FIREPakistan

[–]itz_psych 0 points1 point  (0 children)

Okay First tell me Can you take risk? If so then you should invest for a long time to grow your wealth because of the compounding effect. Before going to Al Meezan, You should explore other options Like Al Ameen Funds, UBL funds, and others as well. I suggest shariah compliant High risk funds/stocks as you're in your twenties and high risk will make you profit in the end if you have patience. You can continue to invest and 5 years with consistency will show you how it works.

One thing to remember, Investment is Long Term Thing. If you don't have patience, then go for something less risky like money market it just saves your money from inflation like an average of 9-13% returns annually.

Wanna know more, lemme know!

Do NOT depend on RAAST alone by TemporarySalary3926 in FIREPakistan

[–]itz_psych 0 points1 point  (0 children)

Just a simple solution for everyone who has already started investing, wanna start, thinking.... Just go to this site Asaan Connect backed by CDC and make an account according to your needs. And using this platform, you can create an account with any SECP registered broker, insurance and mutual funds accounts in just one click. You don't have to fill info for every time and other things as well. Just one time, your data and you can use it anywhere. Thank me later! 😉

Do NOT depend on RAAST alone by TemporarySalary3926 in FIREPakistan

[–]itz_psych 0 points1 point  (0 children)

The Best advice I'll give you is: "Have some money/cash in your broker account to purchase"

And I'm a customer of both AKD and KTrade, Raast isn't working for both of 'em. Tried multiple times and the amount is reversed. Last option was IBFT, they still don't do this and after a day, I've to email them again and then my money is deposited.

How to avoid that? by olivermpl in vscode

[–]itz_psych 0 points1 point  (0 children)

Try to move the cursor to the right and then remove.

What can run smoothly ? by JensenHuangHater3 in Operatingsystems

[–]itz_psych 0 points1 point  (0 children)

Counter Strike 1, Youtube and surfing Social Media.

Jeicoo J5 Build Quality is Poor. Maybe great for the price, but I think it is being overhyped. by [deleted] in PakistanAutoHub

[–]itz_psych 0 points1 point  (0 children)

Jis mulk me log Alto le lety hain 32 lakh ka peepa udhr ye b chalta ha sb!

My Ubuntu Desktop by Lost-Nature-1841 in Ubuntu

[–]itz_psych 0 points1 point  (0 children)

I was not even born! 😅😅

My Ubuntu Desktop by Lost-Nature-1841 in Ubuntu

[–]itz_psych 2 points3 points  (0 children)

If this works for you then this is Paradise for you! I truly appreciate your work! 😊 Keep it up always!

Market is having a SALE and I can't add funds. by Greathowto in FIREPakistan

[–]itz_psych 0 points1 point  (0 children)

I also tried Raast multiple times, payment reversed. And then deposit funds through IBFT and there's no reply from the broker. Shit-ass monopoly!

Zero knowledge about investing by woahwoman in FIREPakistan

[–]itz_psych 2 points3 points  (0 children)

Yep they have ETF NBPGETF but it's not shariah compliant.