Went for the feedback session. You hardcore users should go too.

This post has been edited by ViktorJ: Feb 28 2019, 11:09 AM

Working on quite a few new products/features, most notable FPX (many YAYs from LYN). No timeline though. I tried out their test page for a new payment UI.

Yeah different.
Very early stage, may get axed mid-stage, so I think best for them to announce when they have finalized.

In the pipeline: products for HNWI. Also possibly thematic portfolios.

My session was an hour long, possibly because I was very long winded haha.

They mentioned, not what I think.

Thematic = themes, for example clean energy focus.

No idea on geographical release. I would say since there is probably not too much localisation required, probably global. Now THIS is a guess.

I am sure others went lah haha
None taken.

We did not really discuss it much, and they did not share too much about HNWI either. Very early stage.

I shared a lot about the concerns that were stated here. Namely more constant updates (omg last updated 3 days ago!) and faster FX and transactions (omg I bank in Friday today wed liao money still not in).

Oh and they are well aware of our discussions here. So maybe they might respond directly to us one day.

This post has been edited by ViktorJ: Feb 26 2019, 07:49 PM

hahaha poor thing la you

nah you have his email liao, go invite yourself before he goes back to SG

I think asset allocation is the same. Could be wrong, so just double check on their website

I brought it up as one of the biggest concerns.

I did not ask why it happened though. My guess is that they do bulk fx, just like how they bulk buy etfs. If this guess is correct, then the higher the daily investment (more consistent DCA by everyone), the faster the entire process. I think the hint was when I asked "which is better for you guys? DCA or lump sum?".

Answer was DCA.

I thought the management fee is 0.8% AUM p/a or something like that?

I THINK if it is gross, then yeah.

Hmm oh you are right, it IS variable.

Yay, that is actually good news

ok I is confused now.

I thought it always was same across the risk index, but the only variable part is the invested amount?

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.

hmm you ish right. I never did check the transaction details on the SA app.

11th Jan:
XE.com - 0.24411
SA - 0.2435

ok you are right, quite close!

+1 for SA

Takes a couple of days to get it reflected in your account (FX + buying the ETFs). And nope.

Yesh

Any other charges? FX?

Edit: Actually, no, would not switch. Would SUPPLEMENT. Just to be clear, this is SPY right?

This post has been edited by ViktorJ: Mar 5 2019, 09:38 PM

Yeah, add 10k per week

Cheaper is of course good

But SA has exposure to other instruments as well. Unless you mean you can intro us to cover just about any other ETFs, then good lah.

I did bring up about the 0.8% being a little costly. I suggested that they should have more "value added" services.

And to be fair, I guess the argument here is about passive (BYO) vs active (SA) portfolios.