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StashAway MY, New instrument for Malaysian?
honsiong
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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 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.
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honsiong
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Nov 15 2018, 01:39 PM
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QUOTE(Ancient-XinG- @ Nov 15 2018, 12:54 PM) strange... no one reported you. 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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honsiong
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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 Yes, just curious how well will lowest risk one do.
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honsiong
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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 Yea, allows you to save up for different goals in different time horizons.
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honsiong
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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/There is no free lunch in the world. How do they really make money?
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honsiong
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Nov 16 2018, 01:20 PM
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QUOTE(nickcct @ Nov 16 2018, 01:17 PM) Any idea how long is the verification process? Yesterday just created account, should I wait the verification done before transfer the money? You can transfer before verification is completed.
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honsiong
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Nov 16 2018, 02:11 PM
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QUOTE(nickcct @ Nov 16 2018, 01:42 PM) Thats what I worry Been using it since last year July, but again I never tested withdrawal before.
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honsiong
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Nov 16 2018, 04:12 PM
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QUOTE(nickcct @ Nov 16 2018, 02:24 PM) U using SG? How is the performance? -7% on 36.
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honsiong
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Nov 16 2018, 05:28 PM
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QUOTE(Ancient-XinG- @ Nov 16 2018, 04:43 PM) that's pretty good. you know the fsm managed portfolio.... moderate aggressive... -8 -9 also got.... All robos are down. And passive investments are for longer term.
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honsiong
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Nov 16 2018, 06:35 PM
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QUOTE(vanitas @ Nov 16 2018, 06:26 PM) Robos are investing on human-managed ETFs, isn't it? Not like robos are the fund manager, they don't really investing, but managing your portfolio only. No, ETFs are usually passively managed. That’s why their fees are lower and they don’t do stupid things like actively managed funds.
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honsiong
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Nov 16 2018, 06:58 PM
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QUOTE(fairylord @ Nov 16 2018, 06:40 PM) So stashaway is like a robot manage a passive managed vehicle? Or this robot is accord our risk appetite helping to combine the different managed vehicle into another much diversified managed vehicles? Risk appetite + time horizon for the goals yes.
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honsiong
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Nov 18 2018, 02:14 PM
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QUOTE(Krv23490 @ Nov 18 2018, 01:52 PM) Sorry noob question, but when you mean 6.5% , do you mean the risk index ? Can share their allocation if it is Risk 36 posted on HereThis post has been edited by honsiong: Nov 18 2018, 02:15 PM
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honsiong
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Nov 18 2018, 02:19 PM
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QUOTE(Ancient-XinG- @ Nov 18 2018, 02:15 PM) yup. basically their portfolio is same across the risk. just the % is different. in 6.5, 55% are in protective, 45% are in growth. No, risk 36 dont have bonds ady. You also only get S&P 500 with higher risk portfolios.
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honsiong
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Nov 18 2018, 02:56 PM
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QUOTE(Ancient-XinG- @ Nov 18 2018, 02:29 PM) yea.... is it only 36 don't have protective? or beyond 30? 36% has 2% protective but I think it probably is because of cash?
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honsiong
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Nov 19 2018, 10:50 AM
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Transferred SGD20 this morning, StashAway did double entry and added SGD40 to my account. Oh well.
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honsiong
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Nov 19 2018, 11:30 AM
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QUOTE(vanitas @ Nov 18 2018, 08:47 PM) Sharing this to you, inside got a link of backtest against s&p 500, which can used for keep track any portfolio performance as well. Also, stashaway CEO replies on his blog as well. https://financialhorse.com/stashaway-high-risk/Never saw this post before, thanks for sharing! So far I think financialhorse.com and blog.seedly.com macam the best SG PF blogs out there.
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honsiong
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Nov 23 2018, 04:16 PM
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QUOTE(vrek @ Nov 23 2018, 03:49 PM) https://www.stashaway.my/faq/115001417233-h...folio-get-taxedAll the US bonds get taxed 30%? And any profit taken is also taxed in Malaysia? Few weeks ago I got withholding tax refund for the bonds. But it’s like 1 year after I started using stashaway.
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honsiong
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Nov 28 2018, 10:36 PM
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QUOTE(vrek @ Nov 28 2018, 09:26 PM) Too bad, if you own more than ONE house or ONE car, you're not eligible to register with Stashaway. @stashaway Excuse me wtf?
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honsiong
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Nov 29 2018, 09:31 AM
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QUOTE(cheefai7 @ Nov 29 2018, 09:07 AM) Which still serving loan right? Which is the right move. So people repaying loans for next decades are locked out? Wanna know if it’s a mistake or they have reasons behind it.
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honsiong
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Nov 29 2018, 10:10 AM
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QUOTE(Krv23490 @ Nov 29 2018, 09:49 AM) or just do not be so 'honest' Being dishonest can lead to worse consequences.
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