https://www.bloomberg.com/news/articles/202...intech-business

oof

KWEB has 10% of its holdings in T*nc*nt can see it drop pretty sharply too

although in long run unlikely to lose much since T*nc*nt has almost no competitors

+1 to above comments not recommending to park emergency funds in SAMY because of requiring 3-5 biz days from withdrawal order to bank account, and on top of that there's forex risk (as all ETFs traded on SAMY is in USD), which combined with even the lowest risk index of 6.5% can be very painful if timing is bad

would recommend to just keep emergency funds in conditional high yield savings account or a hybrid FD+savings account like Frank by OCBC, if emergency funds less than 6 months' worth of expenses

if more than 6 months' expenses maybe can do a split of 70% in saving account/FD and 30% in low risk SAMY portfolio, but honestly not that big of a benefit unless you've got a lot of assets and can afford the risk

Additional advice:

Ultimately remember that emergency fund is for EMERGENCY, any growth should be seen as a "bonus if can afford" only and not a necessity.

if concern about inflation you should be able to top up extra anyway from additional monthly savings or bonuses

if you find that your monthly expenses keep going up and your emergency funds can't keep up, it's a sign that you've fallen into "lifestyle inflation" trap (read: spending beyond your actual means) and it's time to sit down and have a brutally honest financial evaluation with yourself to cut back expenses

SA's fees are noted to be one of the higher robo fee structures out there so I think they should be doing ok if their AUM continues to grow at their current rate. There's little competition here in Malaysian robo-advisor landscape

Unlikely so soon that banks will release their own robo as Malaysia still have poor percentage of internet savvy users and low trust in online investing. People still prefer brick n mortar banking 😅 maybe 4 to 5 years more I think. People here still rather invest in mutual funds or in FDs/gold.

This post has been edited by DragonReine: Mar 16 2021, 12:10 PM

SAMY has the most aggressive marketing I think don't see much promos for other investment platforms. They also do a lot of seminars and educational videos

also I think people like SAMY because it's slick UI and moderately transparent fee structure, easy to understand mostly

This is true, although I'm mostly comparing with MFs 🤣 I think the clearest one for fees is Raiz? But SAMY giving a proper fee calculator would be godsend, except it also exposes that they aren't the cheapest on the market right now LOLOL

And I oop

https://fintechnews.my/26573/wealthtech-mal...a-robo-advisor/



Interesting, now got big fish join in. Even UOB's UOBAM Invest was a hybrid robo+direct buy platform. Wonder if Kenanga will focus on ETFs like SAMY or UTs like Raiz/Wahed

This post has been edited by DragonReine: Mar 16 2021, 07:08 PM

You can do recurring on different dates, certain banks allow you to schedule/do standing instruction to do weekly for Jompay (however you'd need to create manual deposit amount in SA every time before the scheduled payment executes)

Only for weekly JomPay la SA doesn't give option to do weekly deposit in a user friendly way.

Monthly then there's an option to put a monthly deposit allocation in StashAway and then schedule the JomPay through your own bank, SA will "reset" the transfered amount back to zero at the start of each calendar month

Doesn't work that way, SA won't invest the money until hit the full amount (I tested b4), so in the end it's effectively only a monthly deposit.

This post has been edited by DragonReine: Mar 17 2021, 09:43 AM

Oh you can actually do that? Interesting, didn't think it'll work that way.

I assumed that it'll not deposit money if you already transferred the full amount. My bad.

Some of these not always accessible depending on circumstances (health, salary)

While it's true that it's 'unlikely' the reason it's called emergency is you really never know what might happen

😅 kidnapping and accidents went beyond what's the usual definition of emergency fund ady, that kind of sudden accidents should be insured or report police LOL

anyway, liquidity is one thing but if you are ok and secure with keeping it in Simple or low risk portfolio for the additional gains, that's 100% ok if it suits your needs and your appetite

personally I'm very risk adverse for my emergency funds and because I have access to a high interest savings account, I'd rather keep in that since Simple's projected interest is lower. Credit card I keep for the credit profile and member benefits only

Ultimately it's you pay for the convenience of not needing to research individual ETF performance + the ability to buy fractional shares + cheaper way to diversify, if use SA

obviously DIY will be cheaper but need knowledge, time, and large capital

As mentioned above and after analysis, "cheaper" to go SA if low capital and/or want a very diversified portfolio.

If have a lot of money to invest with and will only stick with one or two ETFs, in decades it'll be "cheaper" than SA because of how fees work. But not many have the capability or capital to do that

🤣 it's the same problem in long run of overall "net gain" that SA themselves talk about when comparing SA fees to mutual funds fees. In 10, 20, 30 years, fees of managing investments adds up. So "perform" better maybe not the best term for it (?)

Obviously this is relative and in Malaysia at least, our median income puts the majority of Malaysian in "small capital" territory when they invest

Pretty much yes. The whole fee structure thing usually only matters for people who really calculative about net gains

15-20% p.a. possible if based solely on past performance of the higher risk portfolios

however as any savvy investor can tell you, past performance ≠ future performance. Also that high risk ≠ high reward 😛 2020 gave SA very unusual high returns because of the bull run of tech stocks, but don't expect something to happen like that constantly

for something as passive and as diversified as SA's portfolios, 15% is pretty unrealistic, I would actually say even 10% p.a. is considered "amazing" performance. 15% p.a. you want that level of return, you're better off gambling on crypto or meme stocks (and there's a reason why I'd call it gambling lol)

2 portfolios, one high and one low risk, will average out the overall performance of your account

if you already have low risk elsewhere (EPF/SSPN/ASB/ASM) and you're investing in SA for retirement + you're under 40 years of age, my dua sen is don't choose anything lower than 22%

the only reason you'd want a low risk portfolio is if you plan to withdraw it within the next 3 to 10 years, either because you're already near retirement age, or you're planning for something like wedding or trip and are willing to risk the money a little to get potential extra bonus money

(but if that's the reason for holding a low risk portfolio, please for the love of your future self, don't ever commit 100% of your planned budget into SA, and please withdraw immediately when hit your "goal" amount even low risk doesn't mean it's impossible for you to end up in negative returns if you wait too long and are forced to withdraw at bad time)

This post has been edited by DragonReine: Mar 23 2021, 11:11 AM

1) Yes, but returns not guaranteed. You may refer to their 2020 report here: https://www.stashaway.my/r/our-returns-2020

2) There is no minimum or fixed deposit amount required, you can deposit how much you want, whenever you want.

3) This is an investment product, so returns are not guaranteed. StashAway can only give "projected" returns but it's not a guaranteed amount like fixed deposit interest rate. If market/economy good, then profit up. If you withdraw when market bad like in 2018 or in early 2020, then you can end up making losses.

StashAway "profits" come from capital gains (read here to understand: https://www.investopedia.com/ask/answers/03...ent-income.asp) and sometimes dividends for portfolios with bonds.

This post has been edited by DragonReine: Mar 23 2021, 06:37 PM

I'm so glad I made a partial withdrawal when it was still high