Highly likely is due to the assets or etfs drop in value by the time they were sold. Fx is 1%, no doubt. Which is why, kids, please stay invested and only sell when you can beat daily fluctuations. This is not a trading platform. Even if it is, I wouldn’t advise FX on small or too frequent transactions.

dude, one day i will understand you but as of now, I totally don't...can you share an example calculation or transaction?

No offense just trying to learn.

Guys, possible to use credit card to direct debit into stashaway? Trying to get reward points.

My question is whether you have calculated whether you make more by not withdrawing at all, or at the a later time.

Sorry ya interested but not very financially literate... do you mean withdraw whenever ringgit is weak? e.g. last week withdraw RM1 will deduct 0.26USD from fund so better don't, today withdraw RM1 only deduct 0.24USD from fund so more value? mixing forex trade style action into withdrawing earnings?

How do you time your withdrawals to maximise the exchange rate gains? It is based on spot spot price at the time of submitting the withdrawal?

Nice. Do you have a name for this strategy? How about "keropok lekor system" - because each trade you make is worth about 1 piece of keropok lekor.

Notice that last night a small portion of KWEB was being sold and I understand that because it has exceeded the target weight too much.
My portfolio is 16%, and the target weight for KWEB is 8%, before yesterday the actual weight was 9+%
What concern me is that I have set to transfer money from Simple to this portfolio on weekly basis, running for months already, and the amount is almost same with the KWEB portion that was being sold last night. Actually based on previous records, this week investment should be done on Thursday or Friday, but i think because of holiday, it didn't kick in. If that happens, I think the platform won't sell the KWEB that much. And now I believe high chances that in coming weeks I will buy KWEB again, in higher price, due to the weekly deposit.
Instead of using Simple, perhaps I should just manual transfer money to the portfolio.

Hi all,

Question about SA's conversion rate - I don't like what I'm seeing but I might be wrong in this. Here's a snapshot of my SA transaction history:

The transfer fee was USD37.0581, considering SA's exchange rate displayed there, there was a hidden processing fee of 37.0581 USD.

Now to reverse engineer to find out what was the MYR>USD rate on 3 Aug 2020:
Today (13 Feb), 1MYR = 0.2473718USD
On 3 Aug, 1MYR = 0.2473718 - 0.0047429 = 0.2426289

But of course, I have no way to reverse engineer fintech's or bank's offers so I went to Instarem and TransferWise to check the rates, and plotted them onto my own transfer rate calculator (Special thanks to a forumer who did a sheet like this himself, I made my own copy with some additional functions). Google finance is the benchmark, and the various fintechs are more realistic values:
TW and Instarem:


Excel comparison:

RHS: Today's exchange. I'm taking 27.67 USD as the actual charge incurred for the exchange and put that into 3 Aug sheet (LHS). Meaning, if I did the transfer on 3 Aug instead using TransferWise, I would've receive approx 4825 USD instead. That is 100 USD spread from SA's conversion compared to other fintechs! Did I miss out something or is SA conversion rate really that bad?

inb4 "Why are you trying to reverse engineer this?"
I didn't know what I was doing back then, now I want to know if I should continue keeping my money in SA or take it out to invest manually. Frankly speaking, the performance has been disappointing, and I want to know why.
On top of that, there's a 3+USD conversion back to RM to pay the management fee every month, so shitty conversion rate would really hurt investments in SA.

OR, if anyone is going to make a deposit into SA soon, please do me a favour and compare your post-conversion amount to other fintechs? Thank you!

Any idea why you say the stocks going down again in March? Curious

yes the money has been deducted from my bank account. I even received an email about they received my funds and will take 2-3 working days to invest...but stiill no money in the app. Will whatsapp them about it. Maybe because of CNY their progress are quite slow...

Hi all, I just started with SA. After the assessment, it shows me 6.5% risk and when I check here, we have so many people with 36% risk assessment. When I check to change the risk, for some reason it only allowing up to 22%. What is the best way to do this? I'm looking for a long term investment. So is it better to stick with 6.5% as the automated risk says and create a new portfolio for 22%? Any advise? Not sure how to get 36% portfolio thou.

Hey just curious on what do you mean wed & thurs will correct itself? Is it a trend for markets to correct themselves around end of week? And is this in relation to us markets or equity markets in general?
Coz if tats the usual trend then it makes sense to top
up around end of week yes?
Thanks haha 😆

Like I mentioned, SA came in at the right time and got the right people doing the marketing+funding Pandemic only spurred further interest in the concept of AI and doing things via phone to most investors with deep pockets. Malaysia and Singapore society are both very conservative in general especially when it comes to finance and wealth management. Majority of the big money movers are more likely to invest in mutual funds, real estate, or shares. SA's target market are mostly Millenial generation who can't yet provide the high amounts of investment the way that older people can, unless they're the lucky few with rich inheritance or have made a successful business early.

Whether they'll be able to succeed and survive is still up in the air, and hopefully other people who use them as an investment platform knows that. Even studying banking history or recent fintech companies like e-pay/e-wallets etc., it takes years before can see if a company makes enough to survive, much less profit to the startup investors. Eventually market will start to consolidate and mergers/takeovers will happen etc.

Four years is really too early to predict or decide if something as new as robo-advisors in the ASEAN region is going to do well or not.

There is only 1 direct mention of AI in the entire StashAway site.

I think we just somehow deduced "robo" to "artificial intelligence". The actual robo part of stashaway is just when you create goals. The portfolios of different risk levels, I believe they are all manual works done by the portfolio manager or CIO.

Anyone knows when they execute buy order during the period of market open? It is exactly when the market opened, or when it was the lowest, or any specific time set?

Just made my virgin transfer to SA. HAHA!

What is Virgin? New product from SAMY?

I know Vagina only.

US stock market is worth $85 trillion. The whole crypto is $700 billion. what do you think?
the bull run is spurred by unlimited money printing. due for correction soon.

how long is the "processing verfication" recently? mine seems stucked for like a week or so now. deposit still under processing.

Dude, the day you put in some punctuations, I will send you voucher.