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 StashAway MY, New instrument for Malaysian?

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rapple
post Nov 15 2018, 07:40 AM

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QUOTE(rapple @ Nov 14 2018, 09:03 AM)
Their email response is quite fast.

My deposit on 12 Nov is received by them so hopefully they convert and buy it today/tomorrow and not T+9 again doh.gif
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They bought the securities yesterday so making it T+2.


Krv23490
post Nov 15 2018, 11:12 AM

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Deposit on the 11th, funds converted and bought on 14th night . Currently on highest risk portfolio
honsiong
post Nov 15 2018, 11:24 AM

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Whew back from being suspended 3 days for spamming referral.

QUOTE(fairylord @ Nov 13 2018, 01:37 PM)
Is SG account fees subject to GST 7%?
2020 to 2025 will be 10% I heard.

How about MY account fees subjects to SST 6%?
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Yes it’s included in the fee. So you pay 0.8% that’s all.
honsiong
post Nov 15 2018, 11:26 AM

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QUOTE(Avangelice @ Nov 12 2018, 06:07 PM)
the article is right. even with highest risk, they still relocate a substantial portion to us bonds. I checked on my side, they put 15% to fixed income aka US bonds then another percentage to gold commodities.

no thanks.
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No, there are no more bonds with the highest risk after their risk index update, just equities & REIT.
Krv23490
post Nov 15 2018, 11:27 AM

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QUOTE(honsiong @ Nov 15 2018, 11:26 AM)
No, there are no more bonds with the highest risk after their risk index update, just equities & REIT.
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What about the hybrid etf, is it considered bond ?
honsiong
post Nov 15 2018, 11:30 AM

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QUOTE(Krv23490 @ Nov 15 2018, 11:27 AM)
What about the hybrid etf, is it considered bond ?
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Maybe it is? But by stashaway definition it doesn’t fall under protective assets.

Financialhorse blog posts you kena check the posting timestamp. Some are posted before they switched to current risk index system.

In the previous version, you choose Level 1 - 16 for core, then up to 28 after completing SGX quiz. That one if you pick max risk in core portfolio, you get 45% protective, clearly people didn’t like that.
honsiong
post Nov 15 2018, 11:50 AM

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QUOTE(Avangelice @ Nov 12 2018, 04:16 PM)
BTW I don't know if this is a right channel to provide a feedback but how is that StashAway is still using a very old school way of transferring funds even with referral code.

why not FPX? is this in the works?

reply....

Hi avangelice, Thank you for letting us know and and we appreciate your feedback. We are always trying to improve our products and customer experience. At the present moment, we can only accept Interbank transfer, however, rest assured that few deposit function is in the pipeline. Please look forward to hearing it from our product updates!

If you have further questions, do feel free to reach out to us at support@stashaway.my
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IIRC one cannot do standing instructions with FPX. This is my biggest beef with HelloGold.

Traditional bank transfer allows you to set and forget, reducing friction to dollar cost averaging. HelloGold rolled out their regular savings plan but customers still need to go through FPX, albeit now with Boost it gets easier but depositing MYR still can’t be automated.

fairylord
post Nov 15 2018, 11:54 AM

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QUOTE(honsiong @ Nov 15 2018, 11:24 AM)
Whew back from being suspended 3 days for spamming referral.
Yes it’s included in the fee. So you pay 0.8% that’s all.
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That sounds pleasing, thumbup.gif
If both SG and MY the same, SG under MAS is much convincing.
Of course, if SG MAS pressing, they improve, MY will be improved as well. whistling.gif

vanitas
post Nov 15 2018, 12:07 PM

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Update on the link shared earlier regarding bond, tax..

https://www.google.com/amp/s/financialhorse...y-thoughts/amp/
TS[Ancient]-XinG-
post Nov 15 2018, 12:54 PM

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QUOTE(honsiong @ Nov 15 2018, 11:24 AM)
Whew back from being suspended 3 days for spamming referral.
Yes it’s included in the fee. So you pay 0.8% that’s all.
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strange... no one reported you.
honsiong
post Nov 15 2018, 01:39 PM

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QUOTE(Ancient-XinG- @ Nov 15 2018, 12:54 PM)
strange... no one reported you.
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Yea whatever.

Anyway I set Singapore account to 36% and Malaysia one to 6%. Will be damned if the lowest risk portfolio outperforms FD.
TS[Ancient]-XinG-
post Nov 15 2018, 02:18 PM

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QUOTE(honsiong @ Nov 15 2018, 01:39 PM)
Yea whatever.

Anyway I set Singapore account to 36% and Malaysia one to 6%. Will be damned if the lowest risk portfolio outperforms FD.
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but both portfolios they make it the same for both country isn't it
honsiong
post Nov 15 2018, 02:30 PM

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QUOTE(Ancient-XinG- @ Nov 15 2018, 02:18 PM)
but both portfolios they make it the same for both country isn't it
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Yes, just curious how well will lowest risk one do.
Krv23490
post Nov 15 2018, 03:00 PM

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QUOTE(honsiong @ Nov 15 2018, 02:30 PM)
Yes, just curious how well will lowest risk one do.
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One account can do 2 portfolio as well right ? saw a create new portfolio as well
honsiong
post Nov 15 2018, 03:32 PM

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QUOTE(Krv23490 @ Nov 15 2018, 03:00 PM)
One account can do 2 portfolio as well right ? saw a create new portfolio as well
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Yea, allows you to save up for different goals in different time horizons.
TS[Ancient]-XinG-
post Nov 15 2018, 10:19 PM

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QUOTE(honsiong @ Nov 15 2018, 03:32 PM)
Yea, allows you to save up for different goals in different time horizons.
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hmm today check back. Indeed now around T+2 or 3 because some are still in progress.

But what I confuse is the management fees. Can you explain it? It say 0.8%pa,it is deducted monthly?

And for SA MY, we are using MYR, thus, when converted, we will facing the currency impact. If MYR drop we GG lo?

And I remember I put in 3000 MYR, but why the deposited amount stated only 2997 MYR? Is it the currency impact?
Krv23490
post Nov 15 2018, 10:22 PM

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QUOTE(Ancient-XinG- @ Nov 15 2018, 10:19 PM)
hmm today check back. Indeed now around T+2 or 3 because some are still in progress.

But what I confuse is the management fees. Can you explain it? It say 0.8%pa,it is deducted monthly?

And for SA MY, we are using MYR, thus, when converted, we will facing the currency impact. If MYR drop we GG lo?

And I remember I put in 3000 MYR, but why the deposited amount stated only 2997 MYR? Is it the currency impact?
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Yes, I read that it is deducted monthly , yes if myr drop, then more expensive to invest but then again , investment get currency gain as well.

2997 should be the cost of Forex, I think the rates reasonable compared to bank
TS[Ancient]-XinG-
post Nov 15 2018, 10:41 PM

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QUOTE(Krv23490 @ Nov 15 2018, 10:22 PM)
Yes, I read that it is deducted monthly , yes if myr drop, then more expensive to invest but then again , investment get currency gain as well.

2997 should be the cost of Forex, I think the rates reasonable compared to bank
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But its a 1 time buy in as I see they convert it to USD...

Give them some time, I am lowering the risk to 6.5, making 2 profile, 1 conservative 1 aggressive with 36. The aggressive yet to deposit. Lets see how the conservative done in the growth part.
vanitas
post Nov 16 2018, 08:32 AM

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Why pay 0.8%, when free for life is coming soon... But only in SG...

http://fintechnews.sg/26066/wealthtech/kri...-robo-advisory/
honsiong
post Nov 16 2018, 08:47 AM

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QUOTE(vanitas @ Nov 16 2018, 08:32 AM)
Why pay 0.8%, when free for life is coming soon... But only in SG...

http://fintechnews.sg/26066/wealthtech/kri...-robo-advisory/
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There is no free lunch in the world. How do they really make money?

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