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StashAway MY, New instrument for Malaysian?
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honsiong
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Jan 6 2019, 12:10 PM
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QUOTE(Ancient-XinG- @ Jan 6 2019, 10:15 AM) boss. I little bit confused with the 30% withholding tax. meaning the dividend we received, and reinvested amount we seen in our account is only 70% of the amount we supposed to have? QUOTE(Krv23490 @ Jan 6 2019, 11:03 AM) Yes sir Then you will get back the some remainder like after the year ends like a previous member shared with us few pages ago. If not mistaken. Not sure whether remainder is after tax deduction ? Is there any tax deduction ? Correct, you get 70% of bond interest first, next year they one shot claim back the other 30% withheld tax for you.
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honsiong
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Jan 6 2019, 04:30 PM
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QUOTE(Krv23490 @ Jan 6 2019, 04:28 PM) Yeah, thats why some like to look for those Irish domiciled funds ? i read before in some other thread. If only Malaysia has more ETFs. Want to enter KLCI etf also must go US (local 1 by ambank quite low volume and correlation seems to be off abit ) Do you know any other platform with this much ease for 0.8% ? You look at other robos in singapore, dont feel like we will have better access to intl market anytime soon. Again I havent tried FSMone and other brokers out yet, how good is it?
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honsiong
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Jan 7 2019, 07:58 PM
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QUOTE(ViktorJ @ Jan 7 2019, 07:49 PM) hmm interesting, my 6.5% doesn't have that transaction. Anyone else with a higher risk profile has this? In SG stashaway, they target 1% in SGD, and target 0% in USD. Then every month, they deduct SGD for management fee. They could be doing same thing in ur account, but I noticed they macam didn’t keep a separate MYR asset, so it may be a design flaw they need to account for. A lot of us are using referral code, so we won’t be seeing management fee for 6 months.
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honsiong
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Jan 7 2019, 10:02 PM
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QUOTE(Krv23490 @ Jan 7 2019, 09:36 PM) Hahah yes yes i know. But can get free so might as well.. For .8% you rather miss out buying the dip?
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honsiong
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Jan 8 2019, 11:36 AM
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QUOTE(Krv23490 @ Jan 8 2019, 11:32 AM) I just noticed, I transferred money on Friday, they received my funds yesterday and my etfs were bought as well. USD -2.5 MYR -5.4 Risk index 36 Welcome to risk 36 club, there’s just 2 of us in this tered.
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honsiong
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Jan 8 2019, 12:05 PM
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QUOTE(tadashi987 @ Jan 8 2019, 12:02 PM) Imma 36 too haha, took me one whole night to pass the test for 36 risk index [attachmentid=10155426] Good boi. You just need to say you invested in ETFs before can ady. I too honest last time so kena take quiz. When they launch in Malaysia I am not that stupid dy.
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honsiong
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Jan 8 2019, 12:33 PM
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QUOTE(tadashi987 @ Jan 8 2019, 12:14 PM) lol seriously darn, you know how much effort i took to pass the test hahaha then the next day i called them i need them unlock for me i didnt aware this, they said they need ask me few question then i replied: WHY? I ALREADY PASSED THE TEST by then they skipped the questionaire and straight unlock for me now only i know no need to do the test also can unlock, sad  BTW the test is required by MAS in Singapore when you want to trade those ETFs and leveraged stuff. Malaysia probably does not have similar requirements maybe?
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honsiong
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Jan 8 2019, 12:59 PM
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QUOTE(Ancient-XinG- @ Jan 8 2019, 12:46 PM) I don't even register when they redirect me to the sgx page. I just say f this shit la. 20.0 also can la diu Just do the quiz lah, 1 hour slide show then 20 objective questions only, how hard can that be.
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honsiong
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Jan 8 2019, 02:17 PM
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QUOTE(tadashi987 @ Jan 8 2019, 01:57 PM) Ah I think in made mistake this ain’t allocation percent but PL percent I entered around end of December Which is low so now up Go 36% for +36% YOY sick gainz /s
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honsiong
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Jan 8 2019, 06:27 PM
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QUOTE(SwarmTroll @ Jan 8 2019, 06:18 PM) My risk recommendation is 20%, but i still seem to be able to select the high risk section (i.e. 36%). If you want to do it, do it. Last time the max I can go is 45% bonds, then ppl complain stashaway too safe, they open up no bonds portfolio LOL.
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honsiong
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Jan 8 2019, 08:29 PM
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Friend shared this https://financialhorse.com/stashaway-interview-ceo/This post has been edited by honsiong: Jan 8 2019, 08:29 PM
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honsiong
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Jan 10 2019, 09:31 AM
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Don’t pay too much attention to currency impact, the USD return is their real scorecard for their asset allocation strategy.
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honsiong
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Jan 10 2019, 10:24 AM
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QUOTE(B500 @ Jan 10 2019, 10:10 AM) Wanna ask, the % in total returns, is it based on percentage since we started investing? Or refresh monthly? Just wanna clarify on this. Monthly weighted - although exact formulae arent clear. It’s refreshed daily.
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honsiong
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Jan 10 2019, 08:13 PM
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QUOTE(Ancient-XinG- @ Jan 10 2019, 08:10 PM) besides this. AGG too. very frequent sell and buy. Only in Malaysia account. Damn a lot
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honsiong
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Jan 10 2019, 08:25 PM
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QUOTE(MNet @ Jan 10 2019, 08:19 PM) they making commission that why by trading a lot to generate commision No StashAway pays Saxo to execute the trades. They actually lose money from more active trading.
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honsiong
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Jan 11 2019, 12:23 PM
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QUOTE(scriptkiddie44 @ Jan 11 2019, 11:20 AM) Hello, I'm new to SA, and I'm in the 36 club. Planning to DCA 100 every month. What do we need to monitor? Abit hard to understand their platform tho Haha DCA RM25 every Monday more syok. Other than that, not much to monitor, just make sure you pick the right risk level you can stomach then just put in consistently.
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honsiong
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Jan 12 2019, 02:24 PM
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QUOTE(Leo the Lion @ Jan 12 2019, 01:42 PM) I cant go beyond 18% risk. tsk. So I just go with 12%. How to go beyond? Do the SGX quiz and send them screenshot when you score 18/20.
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honsiong
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Jan 12 2019, 03:46 PM
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QUOTE(preducer @ Jan 12 2019, 02:29 PM) I didnt need to do anything and i can select above 26% That's bcoz you answered the sign up questions in a way they want.
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honsiong
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Jan 15 2019, 11:18 PM
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QUOTE(Krv23490 @ Jan 15 2019, 10:44 PM) How does the promotion code work ah bro ? And where did you get they are encouraging it , I also want busybody  It's obvious, their trading bot runs best when more money is in, so they can buy more whole shares and give everyone fractional shares. After that everyday you don't withdraw, they earn your manangement fees.
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honsiong
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Jan 16 2019, 09:27 AM
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QUOTE(Ancient-XinG- @ Jan 16 2019, 08:13 AM) not sure how the thing work. I suppose it's a one time use coupon. thus if DCA 1000 per month, we save 24 myr for 3 month. one coupon price at 3 myr. if coupon can buy multiple time, then I think it's a good deal. opinion guys. No, stashaway prevalent management fee is 0.8% per year, you save RM2 for RM1000 investment if you have that investment value for 3 months. To make it worth it, have at least RM1500 inside for all 3 months.
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