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 StashAway MY, New instrument for Malaysian?

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Krv23490
post Feb 20 2019, 07:27 PM

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QUOTE(honsiong @ Feb 20 2019, 05:04 PM)
Argh pls undo the redesign. And just gimme proper interbank deposit like SG one.
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+1
Krv23490
post Feb 20 2019, 11:40 PM

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QUOTE(Ancient-XinG- @ Feb 20 2019, 11:01 PM)
So guys.

Autowealth seems to be applied license with SC to operate in Malaysia.

No sure when it is.

SA got competitors now. Good thing.
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Yeah man, competition is always good. Took a quick browse at Autowealth, looks good. 0.5% PA

Clients can start investing through AutoWealth to achieve their financial goals with as little as S$3,000. Investors can now look forward to better investment performance, lower costs and a hassle-free experience.
Krv23490
post Feb 21 2019, 10:50 AM

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QUOTE(Ancient-XinG- @ Feb 21 2019, 10:33 AM)
Most of the robos when you actually reach 1 point, it become not profitable because the fees etc already eat up many portion of the gain. And if compared to buy direct and having own account.... The difference is huge.
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Yeah the only reason why alot of people use SA is because of the convenience and the reasonable forex rates they offer. 0.8% fees still acceptable for a more exposed portfolio. What is expensive i think is the unit trust Annual charges which close to 2%

3rd month with SA and up 12.7%

*still with free promotion till august thanks to a few LYN members!

This post has been edited by Krv23490: Feb 21 2019, 10:51 AM
Krv23490
post Feb 21 2019, 11:08 AM

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QUOTE(honsiong @ Feb 21 2019, 10:58 AM)
Exactly, StashAway + the underlying ETF charges is still cheaper than mutual funds. I don't think SA is overcharging given that they are operating in markets way smaller than the one Wealthfront & Betterment are in.
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Exactly . Here are a few examples of brokerage charges

Hong Leong ebroking RM 53 for HKEX shares / RM116 for US Shares
FSM SG HKD 50 for HKEX / USD 8.80 for US Shares
Captrader has the lowest fees few euros per transaction


Krv23490
post Feb 21 2019, 12:04 PM

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QUOTE(l4nc3k @ Feb 21 2019, 11:56 AM)
Just dived into SA.. not a lot still.

Have only been doing FSM for a few years liao.. got ups and downs but overall still positive and better than FD etc.

Want to ask sifu how do I actually DIY invest into ETF? I want to start going all out myself because actually its quite easy to just rebalanced once or twice a year.. but after some reading seems like quite complicated as we need to go through forex etc., and also the rate that any platform charging now is quite expensive (min 0.5% PA), and thats a lot when they are just rebalancing few times a year cry.gif
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Hey buddy. Your question can be answered here

https://forum.lowyat.net/topic/3396549

Personally i use FSM SG to buy HK etfs.
Krv23490
post Feb 21 2019, 02:29 PM

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QUOTE(woonsc @ Feb 21 2019, 01:14 PM)
You exchange 1200 Grabreward points for RM 15 credit. ( Rm 0.0125 per point)

Compared to if u exchange Grabreward into coupon voucher, 2370 points for RM 20 (RM0.0084 per point).
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Thanks for sharing.. i only got 400 points... life
Krv23490
post Feb 22 2019, 03:47 PM

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JomPay now available on SA. No idea whether it will be faster compared to normal bank transfer
Krv23490
post Feb 22 2019, 03:47 PM

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*Double Post*

No idea why sorry

This post has been edited by Krv23490: Feb 22 2019, 03:47 PM
Krv23490
post Mar 1 2019, 05:09 AM

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QUOTE(B500 @ Mar 1 2019, 12:13 AM)
These last two days of market dips is scary... Almost wiping out last month's gains..
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Market was near flat. Should reduce your risk index if you think its too volatile for your own liking
Krv23490
post Mar 4 2019, 04:11 PM

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QUOTE(ViktorJ @ Mar 4 2019, 04:00 PM)
I thought the management fee is 0.8% AUM p/a or something like that?
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https://www.stashaway.my/pricing

Not sure if you opt for a lower risk index the management fee will be lower. If its 0.8% off the board, best stick with an index which aims for higher returns.

0.8% for a low risk low return profile will eat quite a high percentage of your profits(if any)
Krv23490
post Mar 4 2019, 05:03 PM

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QUOTE(ViktorJ @ Mar 4 2019, 04:53 PM)
I guess we just konpius sendiri xD

Do you guys think with the 0.8% to, lets say realistically lah, 0.5% p/a fee, it would impact the profit too much?

Another aspect is the FX. Although 0.1% conversation fee is not expensive I suppose, but I think we never really looked at the actual FX rate it was converted at. Manatau it was at some crazily unfavourable rate.
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You can check the forex rate in detail on their website or their transaction page. Last time i checked it was quite close, not the super crazy rates
Krv23490
post Mar 5 2019, 12:28 PM

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QUOTE(justckl @ Mar 5 2019, 12:11 PM)
I was at their talk and Q&A at Menara Maxis yesterday.
Not to judge too early but their speakers did not give me enough confidence.

How does everyone feel with their track record so far?
Its a very young company just only started in SG a year plus ago & just only operating officially Oct 2018 in Malaysia
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Performance wise quite good . +12% for me in 3 months. They still have things to improve on such as faster transactions
Krv23490
post Mar 5 2019, 09:42 PM

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QUOTE(alexkos @ Mar 5 2019, 09:17 PM)
wah, annualized 48%! what investment lai de? i also want  drool.gif  drool.gif
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Hahah please. managed to catch it at the bottom of the small correction few months back only. It will even out when i keep adding every week. Small fish here only heehe
Krv23490
post Mar 5 2019, 10:25 PM

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QUOTE(alexkos @ Mar 5 2019, 09:59 PM)
ic...if u go DIY, then you have access to all ETFs you want. Just follow me Instarem CapTrader, the world is yours. I can't tahan active manager (or platform) keep eating approx 1% p.a. raining or shining.

Come la, you won't rugi. Just a little bit of work only.

Also, equity thingy is confirm >5 years investment d.
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Yeah i agree with you. I still got foreign shares in HleBroking. Then moved to FSM SG(Bought far few ETFs which listed in HKEX). Looked through some other brokers such as IB and 8 Securities but FSM SG gave me a little peace of mind. Will definitely try CapTrader next time, maybe when FSM Sg charges a platform fee for stocks. but for now i don't really mind paying a little more . Already using Instarem as well to fund FSM SG so i got my work cut out for me when i open CapTradder

StashAway does really make it easy. I know in the long run we could be saving much more on costs, but i feel that it is really convenient. SA is targeted for the mass consumer, invest and forget.

Good job on sharing DIY method though. Took me quite abit of research and asking around to open FSM SG and a bank account there.
Krv23490
post Mar 5 2019, 11:50 PM

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QUOTE(alexkos @ Mar 5 2019, 11:49 PM)
Agree on SA advantage of being DCA friendly.... Ok ba... I release u ppl...

Haha.... Actually same boat la, just go passive indexing surewin.
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Yeah, use all to your advantage !
Krv23490
post Mar 7 2019, 10:56 AM

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Hmm, transferred money at 2pm yesterday, no notification that SA received my deposit
Krv23490
post Mar 7 2019, 11:47 AM

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Thanks for your replies guys, I guess I was impatient as I saw the price update and haven't got the deposit notification . Received it shortly after
Krv23490
post Mar 7 2019, 06:48 PM

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QUOTE(Vanguard 2015 @ Mar 7 2019, 05:53 PM)
I just joined StashAway yesterday.

Let's seek how it will perform compared to FSM.
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Hello boss ! Nice to see you here as well. Which risk index are you taking ?
Krv23490
post Mar 7 2019, 09:46 PM

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QUOTE(Vanguard 2015 @ Mar 7 2019, 08:49 PM)
Thanks bro. No boss here, kuli only. smile.gif

Based on my answers to the questionairres and age group (I guess), I was given a risk index of 14. I also opened a second portfolio and manually adjusted the risk index to 18.

So I can compare both portfolios in the future.
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Try 36 ? maybe can see the difference better
Krv23490
post Mar 8 2019, 07:55 AM

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QUOTE(honsiong @ Mar 7 2019, 11:41 PM)
Eh don’t bait newcomers to YOLO like us leh.
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Our brother here is a veteran Investor ! Don't worry ! so I am pretty sure he won't dump everything in it. If higher risk can mitigate by putting less compared to the lower risk index portfolio

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