StashAway is coming to Malaysia soon.

Via - stashaway.my

Robo-advisor for injecting to ETF.
Previous Stashaway (SA) started on Singapore (SG).

Any ideas or any experience on similar instrument?
Compared to peers Autowealth and Smartly.

Review on Seedly is 4.5 stars.

Details aren't clear on their official web yet.

This post has been edited by [Ancient]-XinG-: Aug 9 2018, 09:34 PM

ehwee, ganaesan

Don't worry. I can tell you that Malaysians will never get the good stuff as the SG counter parts.
Reason: our laws kind of make us kind of anti ETFs.

Smartly last time already mentioned that local laws forbid something to do with ETF. Not to mention Malaysia is still anti forex so

Agree.
Last time saw edge got news (0318) said smarlty will likely to come Malaysia. end up nothing.

This post has been edited by [Ancient]-XinG-: Aug 9 2018, 09:46 PM

Thanks Ramjade for tagging me for this.

Have anyone sign up for the waiting list on Slashaway facebook ads?

It should be ready to launch as they already advertise.

Their website stated the service charge is 0.2-0.8% pa

the ETF they trying to enter is our own local counters or foreign?

Thanx for the tag bro.. probably what you say is correct.. too much rigidity set by security commission of Malaysia..

I signed up for the waiting list last week, other than welcome email so far no exclusive info yet

There is another company called fly... something (unsure correct name) from India also applied for SC license..

Looks like more company venturing into Malaysia coz got potential untapped market

Yea. The more you invest the cheaper the charges... I saw a table which reads investment amount less than $25k the charges is 0.8%. Thts Singapore rate

Maybe the same for Malaysian market..

Can FSM compete?

This post has been edited by ganaesan: Aug 9 2018, 10:58 PM

Still depend on what index etf they gonna offer, if klce index not so attractive, if sgx......hmm will it have better performance than fsm funds returns in long run?

yea... hope this give a good healthy competitions for the field. till now no clear news about it also. just say they going to launch here.

people already started to fed up with fsm managed port. they perf badly compared to the benchmark.

it's bad market but why they choose to switch so frequently that almost deviate the objective of UT?

if a 1 time fee for SA really max cap at .8% I would say fsm shall wake up.

If they can give Malaysians foreign ETF is worth signing up.

Won't. Malaysian will be charged higher due to the nature of our RM.

CAN FSM compete? Unlikely.

Not one time bro. Recurring yearly fees like FSM managed portfolio.

If really they giving Malaysians access to overseas ETF, then local fund manager need to work harder already.

I hope they really give foreign etf....

yearly fee .8 only is ok...

if like FSM for enterence fees + yearly fees cannot lo. even .8 + .8 only 1.6 still lesser than fsm....

and etf also diff from ut

hope they really give Malaysian a chance. lol

Using SG Autowealth, heard the return is the best among 3 top robo in SG

Malaysian ETF's not really comparable to most foreign ETF's?

in a long run it is more exp than FSM managed portfolio, due to higher annual fees... In terms of result I would expect it is a failure if it couldn't managed to beat Asx. So far FSM has failed badly.. Losing to Risk free and 0% charge asx by miles..

LOL. I know rite....

But you see how I kena in that thread. Say I am not calm enough... No long time to let fsm team to prove them la... I macam don't like fsm as before already.
Because what I see is numbers, benchmark. yes, of they don't promised we will earn in any condition, but what they picked is so bad. they never do peers comparison? Same country but the peer fund perf better.... this is fact. And the stars rating, they glorified asia pac, cn etc but say being neutral on US EU. So fast u turn. heavy on US and EU....
the managed port performed badly to the benchmark, and yet they say no time to prove in this volatile period. than what's the benchmark for? decoration? I actually never expect them to surpass the benchmark by miles in this volatile period, but at least la hold the principal of what the fsm team usually preach for.
As we discuss today. the mod aggressive port already leave united global and go into franklin and ta euro.... its not even 4 months in holding 1 fund.

where is the principle? in the article they keep say don't deviate from the objective, which is 3-5 years bla bla bla… look at what they do!

And what the best part is when we email the so called client investment specialist and asking what is the current wave and what to do to avoid massive loss. The ykeep mentioning hold hold hold because fundamental is good. And then ask them why the managed port keep switching like nobody business, and they say this is to react to the market.

WTF?

Just hoe this SA don't follow the footsteps of FSM.

Using? Heard?

So are you using it? Or heard but not using?

I actually agree with you, ha.

I didn't buy into their management fund till now as I didn't convinced enough by their fund management strategy and result as you said

Even the fund managed by layman like ourselves is out perform them currently

Some more with the under performance status we still need to pay their management subscription fee

This post has been edited by ehwee: Aug 10 2018, 10:46 AM

Bro they are practicing xuzen style of lari here and there. Xuzen don't hold long term. He uses what he think able to perform and dump the region which cannot perform.

FSM knows China can't win the trade war so they are backing US. Tell me if you know the horse is going to lose, will you still back it?

ofc I don't hold. you know my style also. I will also move according to market. thats why they keep mentioned in fsm thread that I don't hold the principal in UT.

what I got from CIS also same. they ask me to hold china. and even ask me to consider the fund of the month.

that is why I was so fume about fsm now.

I spend 2 months to think this. I think am chilled enough to gauge as a layman.

ask them is it wise to follow star rating. they say ok. now cn market like that still ask me hold cn..... fuiyoh

Of course. Malaysian ETF sucks.

I think typo. FSM managed portfolio is more expensive than Stashaway over long term.


I don't buy because I hate paying annual fees.

Are you expecting them to change the star-rating frequently? Currently, whatever you read, whether from FSM or from other researches, Asia-Pacific ex-Japan, China valuations are ATTRACTIVE. Both have been whacked down so much and it only makes sense to accumulate now. I for one did that, pumping a lot into Manulife Dragon Growth Fund. Of course, I can't prove it to you now, but let's see what happens down the road.

I am sure their decision of going heavy into US recently paid off? Didn't it? Cos US went up by quite a bit in recent days. But fact is still, valuation is STRETCHED in that sector. So the potential upside might be lesser as compared to Asia Pac and China. Hence the star rating.

Please read more other than FSM researches and you will still find the same thing. Probably can explore each fund houses' researches as a start?

Another question to you is, can YOU do better? If yes, why bother with managed port, if no....lol.

So ya I do think Stashaway and ASNB funds are good for you. But who knows..few years down the road you might blame the algorithm in Stashaway too when you do not get what you want...or blame Zeti for being selfish?

I won't blame anyone la... as long they going the correct way...

I also heavy on Asia Pacific and CN.

I just don't like the way they inform customer is different from what they doing.

and I do still holding manage port. and my diy port perf better than them in this volatile period.

one side asking me to overweight on cn asia pac.
anotherside overweight on Eu us.

isnt that contra?

isn't that do against what they inform customer?

otherwise I was so fine with them.

ah. never mind. let this issue settle along with dust. no bother anymore. hope market doing good for everyone benefit.

This post has been edited by [Ancient]-XinG-: Aug 10 2018, 11:42 AM

I'm using it. But don't have data to back up the above claim as they did not release their returns publicly.
Based on most user reviews, AW gave the most returns among 3.

All the returns varies from one user to another because:
1. Market entrance (up or down trend)
2. Exchange rate (high or low, USD vs RM)
3. Time frame (long vs short)

Anyway, Malaysia still not ready for robo yet imo.
People have minimal knowledge on ETFs, hence robo company need spend more time to expose the knowledge to public first.

Yea....
Malaysia ETF also sucks to begin with...
Last time if not mistaken smartly wanted to enter MY but somehow aborted...

Actually robo had been in Malaysia quite sometimes already
https://www.salaamgateway.com/en/story/robo...08082017055055/

But you see.. No publicity at all, nobody knows about it.

So to venture to ETF better invest in foreign ones? FSM is all local ones right? Is there a local platform that does foreign ETFs?

Not easy to open account ad there's no register button. Not to mention I am skeptical when it have Islamic investing as well. By limiting one to Islamic investing, one already limited one's choices.

But one can always choose conventional.

Yes invest in overseas ETF using foreign broker. Do not use local brokerage for overseas investing.

hmm... so far we never know whether SA let his customers invent lopcal etf or the foreign etf

If follow Malaysia laws, then Malaysian have no access. Unless BNM relax the law.

Of course la. They haven't open shop how to invest. The email is so that you get to be first in line to know.

Go back to the meaning of ETF. ETF is not really stable as the underlying stuff are still stocks. When market is in downgoing mode, ETF is also not spared.

You can read about the asset allocation for StashAway here (made by a Singaporean investor). I don't know if the AA will be identical to SA Malaysia.

https://financialhorse.com/stashaway-1/

You'll be subject to the 30% withholding tax for US-domiciled funds.

https://financialhorse.com/stashaway-respon...ts/#comment-181

In SG, read that AW account required min 3k to open. Whereas, SA and Smartly much lower entry requirement.

Thinking to open one at SG and start DCA, any advice from side here?

Better to open in SG rather than wait until hair turns white. Lol. You don't know when robo will be launched in Malaysia and which robo will launch.

This post has been edited by Ramjade: Aug 26 2018, 05:58 PM

True, Singapore takes time because of paperwork. Malaysia takes time because of hanging work.


By the way, AW need annual platform fees of $18/yr, so better invest amount which return could at cater for the charges.

Hmm..May be I should look into SA since I'm baby ikan bilis

but the edge report SA already processing the licence with SC wor…

You know what how slow is Malaysia beurocracy works.

Slow is ok. Just that are they limited to local or open to foreign ETF..... this main problem

how many ETFs are there in Malaysia to invest in? I believe it is to invest in the US ETF

Stashaway General Investing 18% overview:



Stashaway General 20% detailed:




This post has been edited by honsiong: Oct 3 2018, 10:27 AM

Anyone have clues when will stashaway officially launch?

It's so quiet for almost 2 months without any news.

Are these from SG Stashaway?

I found out about stashaway from a thread in crowdfundtalk forum. The CEO said they are still in talks with the SC, and dont have a date yet.

can share return so far?

but in the edge, they said they are ready??? aiyo

USD return wise: Floating between 0% - 2% after 1 year with maximum risk (level 16 in old system for 11 months, 20% in new risk level system)

If count in SGD the return is 3% - 4% bcoz SGD has depreciated.

Basically it hasn't been stellar for me, I use it mainly as EPF/CPF substitute.

This post has been edited by honsiong: Oct 3 2018, 11:24 AM

BTW they never invest in any local securities (Singapore ETF is underperforming for loooooong time), so I predict when they launch in Malaysia and you deposit MYR, you are going to get the same portfolio as Singapore Stashaway.

Also becareful when Singapore robo-advisors brag about their high return, look for the USD return % not SGD. It looks real good when SGD has recently weakened against USD.

Thanks for the information, looks like still a long waits we have.

If counted in MYR then the returns will be lesser than 2%, as ringgit is depreciated against usd?

If MYR weakens then your return in local currency should be higher. In a way you can use it to hedge against MYR.

I see, thanks

found this vulcanpost article on them, should b legit

https://vulcanpost.com/647186/stashaway-fin...tment-malaysia/

StashAway is ready. SC is not yet ready.

seem like StashAway Malaysia got the license from SC.

https://themalaysianreserve.com/2018/10/18/...malaysia-entry/

is it, finally haha

Refer to HWZ, recently is -ve for both Stashaway and Smartly.




Unsure the figure deducted any fees.
and 15/10 should have another $50 invested on each portfolio.

Hmm.. market like this UT n KLCI also down

You do know is not UT but robo which invest in ETF right? Not Malaysian ETF but US ETF . You do know that right?

US ETF that cover different parts of the world except Africa. There are very tiny bits of Malaysia and Singapore inside AAXJ.

Update on Forward Testing of Portfolio Stashaway (-ve) and Smartly (-ve) - SG.
Excerpt from HWZ.



The MY Stashaway Portfolio most likely to be same as SG side. Any idea?

This post has been edited by fairylord: Oct 23 2018, 11:47 AM

I think so yes.

I think US also. Since SG ETF also no good correct?

Whats your take on this? The latest port they still very heavy on EQ.

No one seems stopping. This is worrying.

You don’t want that much you can dial down to lowest risk, which puts like 60-70% bonds in your portfolio.

yea... you have that port performance?

so far no news in Malaysia yet. fuhh.

I think they wait the market to react. if they start now. those no financial savvy will wait look on number without thinking. sure kena burn hand. then blame SA.

yea... you have that port performance?

so far no news in Malaysia yet. fuhh.

I think they wait the market to react. if they start now. those no financial savvy will wait look on number without thinking. sure kena burn hand. then blame SA.

Just DCA $100 every week all the way, don’t panic then keep tweaking risk level.

the fee is calculated based on accumulated amount year end of entry fee each time?

Average daily AUM and charged every first week of next month.

Is based on risk that you select. They won't auto run and hide and in bonds.

very excited, cant wait

Update on Forward Testing of Portfolio Stashaway (-ve) and Smartly (-ve) - SG.
Excerpt from HWZ.

Yeap -12% since July 2017 already on risk level 36%. Just stick to weekly $100 deposit plan.

I didn't receive any mails yet.....

stable or not

I stand corrected, they didn’t launch yet, just their signup from app.stashaway.my is active.

Edit: Do not PM me. Ask your questions in this thread so others get help too.

This post has been edited by honsiong: Nov 1 2018, 08:40 AM

Screenshots for Malaysia: https://imgur.com/a/kjf5RTP

waaa got people start Pm you already?

btw. I want to know more about the 36% thing. how is it measured?

and is it forced to have weekly commitment? and done via standing instructions or we deposit?

99% chance of not losing more than 36% in any given 1 year period.

No, you can suka suka deposit whatever you want or nothing, for me I just set standing instructions to deposit weekly coz I find it fun. But when money is tight you can just stop depositing.

BTW your questions can be found answered in their FAQ.

owh..... that's good. the higher the higher risk and return?

I can't wait them to arrive.... since you mentioned the investment region is exactly the same as SG.. meaning US ETF?

See my screenshots: yes.

You can already sign up at app.stashaway.my, top right corner.

K money is in. Kena wait until afternoon/evening to see the securities they gonna buy.

For Malaysia I set the lowest risk just to fool around.

Giving it a go as well

based on your ss in earlier post.

seems like the transfer of money looks so ancient style..... it's not FPX....

gonna try it

fren sent to me:

https://fintechnews.my/18926/wealthtech-mal...t-robo-advisor/

IIRC FPX you cant set standing instructions.

Also HelloGold uses FPX and costs like RM1 for every transfer.

so how's the transfer process yea. I yet to try out.
is it like we sent them money, sent them receipt, and waitnfor them to respond?

I waiting them to officialize. maybe got promo

No, you put your code inside transaction reference, then they auto process it.

No need manual transfers, thats why can set standing instructions to send weekly/monthly.

Wait, is Stashaway already live to use if you sign up?

Yeap! Waiting for them to buy securities now.

i've been wondering, do their robo-advisor do short trades? i looked around the Sg site i did not anything on this