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 StashAway MY, New instrument for Malaysian?

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Krv23490
post Nov 30 2018, 10:17 AM

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Same case.for FSM SG if you want to trade Specified Investment Product ( SIP) such as ETFs . FSM put big big saying they won't ask for prove for the questionnaire to allow you to trade SIP but it is regulation
Krv23490
post Dec 1 2018, 10:03 AM

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QUOTE(Ancient-XinG- @ Dec 1 2018, 08:14 AM)
for SAMY, is MYR weakening reduces our gain?
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No. If MYR weakening once you have invested, you will gain more . But if you want to invest after USD strengthen, then you will need more RM to get 1 USD
Krv23490
post Dec 1 2018, 04:17 PM

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QUOTE(Ancient-XinG- @ Dec 1 2018, 03:51 PM)
but your holding also affects by the fx rate isn't it.

because I see in the currency impact doest fluctuate daily.
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Your holding already in USD, unless you dive into each etf and see what it comprises, but I think should be mostly USD . You can go through the etf factsheet and see how much is non USD and share with us !
Krv23490
post Dec 3 2018, 02:06 PM

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QUOTE(fjoru103 @ Dec 3 2018, 02:04 PM)
so the customer service will "whatsapp" you to ask for my IC copy?
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Submitted mine through website. Haven't dealt with them using WhatsApp before
Krv23490
post Dec 3 2018, 06:56 PM

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QUOTE(honsiong @ Dec 3 2018, 06:43 PM)
There is 1% chance you will lose more than USD after after converting RM1000 within a year of putting money in.
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Of course there will currency risk, i would say USD more stable than MYR . Give and take. For example, i bought US shares many years ago when 1 USD = 3.8 MYR . Now if i change back , will make quite abit just on forex gains. It could be the other way round as well. Thats why must hedge properly according to your portfolio and risk appetite.
Krv23490
post Dec 4 2018, 08:58 PM

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QUOTE(Ancient-XinG- @ Dec 4 2018, 08:39 PM)
any kind soul can explain the currency impact on MYR.

I can't understand it. when the port rally, my impact strong.
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Maybe it depend on how strong the RM is against USD on a daily basis. You can try observe the USD just for portfolio performance, and then monitor the rate of MYR/USD and try compare against USD returns and MYR returns.


Krv23490
post Dec 4 2018, 09:20 PM

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QUOTE(Ancient-XinG- @ Dec 4 2018, 09:07 PM)
I think that also.

the main factor is the day when they convert MYR to USD. The rate of that day really important.

Seeing currency impact and portfolio return is so confusing.

So if now, MYR weak, meaning impact higher? And USD rally, We gg?  confused.gif  rclxub.gif

I noticed, Currency impact trun grey, the return up.

the return down, currency impact will green. if like that balance jialat lo
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As i said last time, If you bought already, then when USD rally, technically you gain lots from forex. It really depends on your entry If you think MYR going to increase, best just invest locally .
Krv23490
post Dec 4 2018, 10:47 PM

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QUOTE(honsiong @ Dec 4 2018, 10:11 PM)
The reason to invest elsewhere is to hedge against inherent instability of lower cap currencies like MYR.

Yes you lose money IF MYR rallies, but you pay to keep your purchasing power. There is a chance Malaysia can end up like Venezuela. You don’t want all your purchasing power disappears coz a few people scrww up.
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I totally agree, my singapore and us portfolio > more than malaysia holdings now as well. Been slowly building up since last time.
Krv23490
post Dec 5 2018, 07:25 PM

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QUOTE(Ancient-XinG- @ Dec 5 2018, 02:16 PM)
Good points.
SA I think by far easiest for the Malaysian to invest ETF abroad.
Instability of MYR exposed now.
If DCA in SA, I think the currency impact wont be that pain.
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Yes, thats why i like it alot, seems to be quite a reasonable charge (max 0.8%) to grant us access to ETF's easily.

The last time i check, the forex rate was reasonable as well
Krv23490
post Dec 9 2018, 11:48 PM

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QUOTE(MNet @ Dec 9 2018, 10:56 PM)
How is the process?
Let say I buy RM1k worth of fund.
stashaway will convert my RM1k to USD then buy the ETF?

The eft will be registered under my name?
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You transfer 1k to them, they will convert it and buy according to your risk profile.

Found this on their FAQ.

Even in a bankruptcy event, funds held in a trust or custodian account cannot be touched, as they belong to the customer – not to StashAway.
Krv23490
post Dec 12 2018, 05:31 PM

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QUOTE(MNet @ Dec 12 2018, 04:47 PM)
Since its Fractional shares, can we see how much we got in term of unit for each of the ETF that we buy using USD 10?
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Yes they will show you under assets
Krv23490
post Dec 12 2018, 06:45 PM

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QUOTE(ericlaiys @ Dec 12 2018, 06:37 PM)
normally around what time they will invest after deposit confirmed?
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If i am not mistaken when market open the day after currency conversion. I THINK.

Anyone with a more detailed answer ?

I am waiting feedback from their side as my converted funds still not yet utilized for any ETFs. Never had a problem before this.
Krv23490
post Dec 19 2018, 05:53 PM

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Mine -7% since 9th November, topping up every week as well , risk index 36
Krv23490
post Dec 21 2018, 11:19 AM

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QUOTE(honsiong @ Dec 21 2018, 11:07 AM)
-17.3% on 36 LMAO
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-11.4 on 36


Krv23490
post Dec 21 2018, 11:51 AM

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QUOTE(Ancient-XinG- @ Dec 21 2018, 11:36 AM)
gg la you all lol. More storm coming. not worth to dca when time like this. dca when the volatility isn't that crazy...
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Yeah, doesnt really concern me. Stashaway feels like a fun account to top up small amounts.

We will see whether time in the market really beats timing the market
Krv23490
post Dec 21 2018, 02:10 PM

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QUOTE(Ancient-XinG- @ Dec 21 2018, 01:42 PM)
in normal condition yes. but we have been listening to this since earlier year. guess that whoever DCA all the way from Jan till now in EQ will got burn a lot. the crisis will come. so just stay safe.

I suppose the market is not the bottom yet. more to drop. well it's OK to wait if the volatility is that crazy.
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most people (including you) will always believe it can further go down, so will wait one extra day, one extra week, one extra month.

I am not saying it won't go down or will go up, but of course if we all knew 100% that it will go down, the markets won't be markets.

But yes, invest only as much as you can as long as it doesn't you trouble you at night
Krv23490
post Dec 21 2018, 03:13 PM

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QUOTE(Ancient-XinG- @ Dec 21 2018, 03:07 PM)
correct. everyone have diff risk appetite. but encouraging people "buy more" in this period. I think it's good to aware things happening around us.
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No one forcing other people to buy here leh. Same can be construed with you asking people to stay out. Everyone here is expected to do their own due diligence and let's say if stashaway close shop(worst case scenario, 100% loss). We got no one else to blame except ourselves.

We are all here cause we all share the interest of making money and sharing feedback regarding different avenues/platform
Krv23490
post Dec 21 2018, 04:40 PM

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QUOTE(Ancient-XinG- @ Dec 21 2018, 04:13 PM)
I know la haha. I usually won't reply him.... but I afraid new user not really interpret his advice correctly.

I no encourage people to stay out also la... just conservative abit.

SA won't close shop la choiiiiiiiiiiiiii
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Hahaha ! Joking joking ! Just using case in point , invest with what you are willing to lose. Want to say market go to zero cannot ma
Krv23490
post Dec 26 2018, 01:11 PM

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QUOTE(Ancient-XinG- @ Dec 26 2018, 12:53 PM)
i think this SA really come in time.... If the 10 years cycle really happen.... We can now gain access to ETF within this good opportunity.
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Totally agreed. I really looking for a Malaysia ETF but the one in our local stock exchange so low volume. Only EWM in NYSE.



Krv23490
post Dec 31 2018, 01:16 AM

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QUOTE(SwarmTroll @ Dec 31 2018, 12:59 AM)
Stashaway recommends 18% risk, but If im going for the long run, recommended to take higher risk?
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Really depends on your risk appetite!

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