Because monthly is too boring, I like to see some actions every week.

Or rather, a weekly deposit graph looks a lot smoother than monthly, and auto rebalancing takes place every week, reducing allocation errors.

I just want to minimize the volatility/risk in the shorter term. It doesn't matter much in the long run.

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.

Please share if possible.
I have dreaming about it since Day 1.

You can go try withdraw small amounts of less than RM1 then you know how much the difference. I been putting in lump sum in xxxx and withdraw daily in small amounts of less than RM1 when the MYRUSD price alert trigger on my dashboard

You wouldn’t understand unless you have trade FX derived FI and MMF, FX and ETF directly hence you wouldn’t understand when to take profit at the right time

This post has been edited by xander83: Feb 11 2021, 06:10 PM

Will never happen as SC and BNM doesn’t allowed it due to bad self financial management as banks are would not allow credits to be taken to make money by its customer

The reason why credit card is created so that ppl is enslaved to the banks when the defaulted credits into loans then it becomes debt if one doesn’t able to manage the credit properly

The possibility of debit cards is look promisingly soon coupled ewallet with some regulation and adjustment will be seen soon

No credit cards. Only JomPay and bank account direct debit. Banks and Securities Commission won't allow credit cards because they don't want people to use debts to fund investment.

This post has been edited by DragonReine: Feb 11 2021, 07:51 PM

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?

The whole idea of StashAway or Passive Investing is... passive investing literally. It's not meant to be "traded" like stock exchanges or FOREX market.

One should just invest in the risk index suitable for them and leave it for long term (3-10 years). If really want to trade, go to stock market/forex market to trade "currency fluctuations".

I will calculate to withdraw small amounts when the ringgit is weak and it depends on a week to week calculation based on USDMYR movements just like last week because I hit my target profit with my gains only not the base investments

Yes I withdraw small amounts on the gains only when MYRUSD hit a certain target point just like last week it was trading at 4.0621

Ringgit has never hit below 0.26usd as it means it was trading at USDMYR at 3.846 which it has been never been hit for almost 3 years last week rate was at 0.2462 which is a total 4.06 when my entry was at 0.2496 on Jan 2

You have to buy when ringgit is strong and withdraw when the ringgit is weak to maximise the gains as you can see these 2 days price gains are small as compared due to strengthening ringgit which takes off almost 1% gains compared to price of ETFs

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?

Based on daily spot rate, ETFs price and timing on short tail in MYR movements

How do you set auto DCA weekly? I don't see that option. It's either twice a month or monthly.

Just set multiple schedules.

Manual deposit, then schedule GIRO transactions from your bank website.

Curious, do you guys here have a plan where once you reach a certain quota/amount in StashAway (i.e. 30k in SA, etc.) you will sell and buy ETFs directly? Or is mostly everyone here going to just use StashAway the whole way? Thinking in perspective of the mgmt fees compared to buying direct.

I think it boils down to how cheap it is for us living in Malaysia to trade ETFs.

Currently we need to open brokerage account abroad, then wire the money over, which can hurt our return without investing huge amount one shot.

If a broker accepts MYR deposits, and give us USD 1.99 commission to trade ETF, I can see stashaway to be much less appealing here.

I have SGD bank account and Tiger Brokers account, I buy some ETFs there, but I still maintain regular deposits into StashAway because I am not confident my ETF allocations can outperform StashAway in long run. Buying own ETFs is fun, but stashaway is at least professional managed, very happy with their performance since 2017.

I'm planning to move bulks once I hit 30K since it's more cost effective to move into overseas brokerage / currency exchange when doing it in bulks

Problem is the rebalancing part - with SA the rebalance is automatically done during monthly DCA but I doubt that I'll have transactions that frequently in my foreign brokerage