Okay now they receive my deposit

finally in!

if possible try using other banks next time

I signed up with Stashaway. They WhatsApp me requesting for my IC.

I attached my IC and they didn't reply me with any confirmation.

Is it supposed to be like this?

I'm expecting some sort of confirmation like "info received, thanks".

dont worry it should be fine

Ok. Thanks

pretty good timing to enter last month

Yes. Very slow.
Deposit on 31 1 3 only reflected on today. All in progress yet to FX

The best time is always in the past, the second best time is now.

Was wondering if I can now dispose my FSM US equities and move them to stashaway

Any solid reason? Wish to know some insight too

In a way you could, but which US funds are you holding. StashAway should be definitely cheaper and more well-rounded i guess

Cause Stashaway uses ETFs passive , vs fsm active management, which as of now the funds is way below their benchmarks. ETF tracks the index closer and with lower cost.


US TA Tech fund

In that case then Yes i guess, or just leave a small portion if you want to be heavily invested in tech. Quite all-rounded the etfs provided by SA(depends on risk index i guess)

btw has anyone tried withdrawal and how long does it takes?

some tried it before, couldn't remember who but it will definitely take couple of days, they will need to sell, bring back the money, conversion then trf to your bank account

not sure if someone enquire on this before

said if today i submit withdrawal, my portfolio value is $1000, with currency impact +$100, theoretically i should get $1000 (value when i submit withdrawal) in my bank acc

but they take time to sell, convert etc, which would be done maybe T+1, T+2

on the day T+1, T+2, the currency impact might become -$100

so end out they will follow the impact/rate on the day they convert/sell, which mean end out i might only get $900?

This post has been edited by tadashi987: Feb 7 2019, 05:03 PM

possible, i think that's how it work, i might be wrong tho. let's wait for someone who already done a withdrawal to advise further

I believed it is forward pricing. so t+whatever day they actual convert. otherwise, they exposed themselves to exchange rate risk

https://www.stashaway.my/faq/360009270394-w...my-bank-account

What do u mean expose themselves? I dont see them losing anything, we are the losing party if the rate goes down.