sifu
With amount i'm comfortable probably RM600 monthly, which will seperated weekly RM150.00
Izzit too small for me to start with
Beside of setting schedule one time deposit in SA app (each setup take me 30 seconds), any other recommended convenience way?
It doesn't cost me "more" that if i doing weekly dca comparing to monthly dca right?
Worried if there is any "hidden charge" like i have to pay sales charge per deposit or etc

Btw i'm aware that there is account management fee subject to 1.5% or etc
So i have to put some 'referral code' into somewhere, where can i do this, i saw in previous post that had to contact CS to manually submit the 'free management fee' code

There's a MYR-USD or vice versa conversion fee of 0.1% which is not transparent.

To get management fee waiver, you need to contact CS to manually key in into your system since you have registered without the referral link.

This post has been edited by GrumpyNooby: Jan 14 2021, 01:33 PM

0.1% spot rate of total deposit amount is per conversion right.

StashAway does not charge any fees for transferring money in or out of an account.

If you choose to deposit/withdraw in RM, there will be a 0.1% currency conversion charge by Citibank Malaysia. This fee is embedded in the FX rate.

If you'd like to deposit/withdraw in other currencies, our commercial banker will charge 0.1% to convert your foreign currency into RM. An additional currency conversion charge of 0.1% will then be charged to convert your RM into USD.

https://www.stashaway.my/faq/360009332113-a...RM%20into%20USD.

Ask ppl pm u referral code, sure penuh ur inbox.

150 weekly just fine, takut u 50 weekly 😂😂😂

2 method for weekly.

U can deposit monthly from account to Samy Simple, after that use Samy Simple weekly deposit to ur portfolio.
Ur bank accounts wont messy but Simple to portfolio take time longer than usual.

U can use standing instructions from ur banking make weekly deposit, faster but account messy. May b can use separate accounts just for investment purpose.

No others charge whether u monthly, weekly or daily 😁😁😁

This post has been edited by ironman16: Jan 14 2021, 01:53 PM

Ah, understand sifu
I'm walk through today because of your enlightenment

Alright bro, for my understanding, Samy Simple is actually a "cash account" that provided by SA, temporarily park money inside, right?

SA Simple is MMF - money market fund. A type of investment too with very little risk, and little reward. Considered safe to park while transfer to SAMY portfolio.

SA Simple™ is money market fund.

Yup, is feed in East spring islamic income, money market fund aka MMF.

###this forum very active, i go first, tengah drving 👍👍👍

This post has been edited by ironman16: Jan 14 2021, 01:55 PM

Where you going this MCO 2.0 time haha

Very appreciate for these information
There is still a long run for me to learn
Happy investing

Sarawak still ok la.
I bukan shopping, jgn risau 😁😁😁

too little or too much, is really up to your appetite.

You can see a projection in 20yrs how much the portfolio will grow to with the percentile prediction, which, by then you ask yourself will you be comfortable with it?

Will you regret after 20 yrs down the road that the ending amount could've been enough to retire/buy a house/finance your kid's education if only you invested more if you can?

Those kind of questions..

Generally, if you are saving / investing more than 30% of your take home pay, you can maintain your quality of life after retirement. If you want more then you have to look for alpha.

I choose DCA because I don't have big amount of money to invest.

Don't care about DCA or time the market, just choose the way you are comfort and affordable

I've been investing RM400 into SA monthly since last year Feb. RM200 each into 2 seperate portfolio, 20% and 22% risk (higher risk is locked for me)

Been reading a lot of talk about weekly DCA lately. Is it worth to go for weekly DCA for the amount I'm putting in? Or it will not make a noticeable difference?

is up to u lo........ 200 monthly can split to 100 semi monthly la......lower than 100 is too little oledi.....SAMY may b will accumulate it baru execute buy.....

Ah, it remind me something
Any 'better' suggested which day of the week for dca weekly?
What i thought is Sunday ?

u can set which day to dca automatically or manually?

Select portfolio > Deposit > Schedule a one-time deposit > Select direct debit bank account > To desire portfolio > Deposit Date & Amount
I keep repeating above , each tap tap tap on my phone take 30 seconds
But i don't had any idea how long time needed for SA debit my account and proceed order



This post has been edited by lovingforyou: Jan 14 2021, 10:58 PM

Why dont you just use recurring deposit?