Yeap, I currently put my money into Stashaway first. Thanks!

Any particular reason behind 50% oversea equity recommendation? I'd assume for someone who believes in S&P500 Index investing would happily just do 80% VTSAX/VOO & 20% VBTLX instead of still investing in Malaysian stock market, since FBMKLCI-EA absolutely horrid to put any money into, and TradePlus DWA Malaysia Momentum Tracker is too new and untested yet. There's no more other local ETF which underlying stocks are on KLSE AFAIK.

Not to mention "The market always goes up" doesn't seem to apply to KLSE at all...


(Also Alex you hold both CSP1 and SXR8 right? Any particular reason you hold both, and why pick one over another? Just curious)

This post has been edited by Hoshiyuu: Mar 8 2021, 12:20 PM

Agree big cap but lousy returns like intel and IBM are so dinosaur era companies which are not able to transform

Prefers Cathie small and emerging picks which will slowly rise once the exposure is coming now

Do you use any tools online to compare the ark funds vs sp500? trying to find something that can do that but so far didnt find any for side by side comparison.

what do you wnat to compare? if graph u can use trading view

movement during the same period of time. isnt tradingview banned by sc?

no, i dont think so

Tradingview is just a website. If you are overseas investor forget about SC cause their ban is more political than correct.
They banned TD cause it's a overseas broker.

This post has been edited by Ramjade: Mar 9 2021, 04:55 AM

Typical nationalist and protectionist agenda hence you will see why Malaysia will be the backwater of ASEAN as more capital markets are opening up in Phillipines, Vietnam and Cambodia

Who cares about SC as they are only a useless 4th tier regulator

haha dont mention that later our regulators triggered dont allow us invest oversea

They can’t stop us from investing overseas as we are not living in a communist country

Diversify. Nothing is sure under the sun.

Out of curiosity, how is everyone handling their money while saving up to RM7k before hooting?

Unless everyone here are making enough to hoot 7k monthly comfortably

Just dump money into versa.

Currently my buffer is 50/50 Versa/SA Simple. But since its quite a long while between my 7k hoots, I am almost tempted to put them into a 10% risk SA profile, then withdraw only when its >7k & breakeven, delay withdraw if unfavorable.

But then feel like missing the point of buying CSP1, because already paying SA 1%+ fee 🤣

This post has been edited by Hoshiyuu: Mar 12 2021, 11:39 PM

Alternatively buy pseudo bond like stocks like microsoft, pfizer, railway company

Appreciate the reply! Hmm... by the time my funds is converted to USD and ready to buy these, I'm also ready to hoot though. The fee eaters that discourage me from hooting below rm7k is the 2$ fixed SGD->USD conversion fee on IBKR+ and to some extent the RM5 for initial MYR->SGD.

Then the minimum $1.50 (buy pseudo bonds) + $1.50 (sell pseudo bonds) + $1.50 (buy CSP1) are fees city too...

Am I missing something obvious that can cut down the fees and let me do this cheaply?

Nope. Only way to cut down is
1) use pure IBKR hence you are charged USD0.35/transaction only.
2) Use TD (zero commision)

Td malaysian can apply?

TD SG available to Malaysian I think, but funding method is terrible. Expect a huge chunk of TT fees from what I can research.

And my portfolio is nowhere near 100k USD yet

Guess I'll have to accept that part of my money is going to rot between hoots

I find that transferwise myr usd is cheaper than instarem.

Good job. Competition means better deal for consumers like us.

Transfer speed is superb. Send today, money acknowledged by ibkr in 3 days. Money available for trading in 7 days.