Yes, you need to set up in app, go to "More" > "Transfer" > "Put Money In" > Select the Manual Deposit tab > Click "Set up monthly deposit"

Pic below for reference:



From there, allocate the money into your portfolios, but MOST IMPORTANT is make sure your Total monthly deposit is the same as your Jompay instructions:



after that you click Continue to go through authorisation steps, then shud be ok



This post has been edited by DragonReine: Feb 14 2021, 12:52 AM

Thank you so much

Ahh you selected 13 Feb 2020 instead of 2021...

deleted, oops

This post has been edited by Hoshiyuu: Feb 14 2021, 01:27 AM

Ayyyy that was it, thank you! False alarm haha

According to Google's rate was slightly higher at 0.2366865, at least that's a lot closer now.



So it turns out SA in fact has the best conversion rate.

OK just to clarify for the rest, the excel is "actual charge" takes Google's FX rate as a benchmark, then whatever difference from the FX = "additional" amount charged by the fintech.


...Now I'm back to wondering why my account is at a loss even after 6 months in this bullish market. Apparently there's a considerable % invested in gold commodity and it's at a loss. So is it something to do with my risk profile after all?

For your reference...





As for your returns, was your investment lump sum? What is your risk level? Did you change risk or withdraw during the interval? And if you are okay with it, what is your return in %?

It was a lump sum (as per the previous screenshots, 20k). My SA risk index is 10% since inception, never changed that, never topped up nor withdrawn. My current portfolio value is RM19889 yes it's a loss
Granted, I lost my referral bonus because I left my account idle for too long before I did anything about it, I lost the 6mo free management fee so there was that minor setback there.

I am consciously holding back from investing any further into SA because the result's been disappointing really... wondering if I can/should do something about it?

That's odd. Your fees on a napkin math is only about RM80 between Aug 2020 to Jan 2021, market has done nothing but go up and SA happily reports good returns during this period, even if considering the lower risk setting...

Gonna need out local sifus to decipher why you would have lost money after half a year. Maybe you can post your TWR/MWR % here too just in case.

This post has been edited by Hoshiyuu: Feb 14 2021, 02:18 AM

10% risk index only has 20% of the portfolio in equities (remaining 60% in bonds, 19% in gold, and 1% in cash). Bonds underperform equities in rising/recovering markets. Essentially what you did by taking the 10% risk index is declaring that you are worried about the volatility in the rising market, and wish to be more conservative.

What you should do about it depends on your personal tolerance towards risk, and your investment time horizon. Do you think that the equities markets in US/China/Europe would continue to do well in the years ahead? If yes, then increasing your allocation to equities is something that you can do by changing your portfolio risk index higher. How much should you be in equities? Generally the younger you are, the longer your investment horizon can be (this depends on what you are investing for). The longer your investment horizon, you have more time to let your investment grow and recover from corrections and crashes, hence the higher the allocation to equities can be.

majority of retail investors/manual investments still struggle to beat fintech like SA gains even if they hopped on a peak with market fluctuations.
unless of course you're really good, then DIY would be better.

yes the FX + "low management fees" are well, fees.
and despite these "shortcomings", it still beat a good majority of unit trusts/mutual funds and DIY investments for a "no brainer" investing

considering performance/gains is what you're after, bump it up 36%
the other SRI are quite frankly, lackluster as what you're experiencing now.

Correction, rotation and seasonal adjustment because usually March it is slow month after reporting season is over for major developed countries indices

Currently most indeces are at all major highs waiting for catalyst most likely stimulus only whether it is gonna be another trillion in US to go higher

Buckle up this few weeks because RM it is try to break below RM4 and it is right timing to go long for at least next 6 to 8 months

To those who 36 just keep an eye on KWEB, 50DMA already breakout waiting slight pullback to match the rally of 200DMA which is coming soon hitting 115 soon

YES.
https://www.stashaway.sg/r/our-returns-2020

So that's the missing puzzle that's been missing from conversations.

bump it up to 36%.

i would say a combo of weak gains for 10% SRI + bought at peak.
lump in during a bad peak

the in depth info

on the last past and as a side note: going equities /stocks + SAMY together is counter productive in a sense.
if you're not with the market, be it long term investor or day trading, by all means SAMY will out perform.
vise versa though, SAMY isn't gonna make you really rich in the short term or even long term depending on how good you are at moving your equities/ETFs etc. hence if you're good on the market, then you can out perform SAMY DIY.

Hello, did I just get conveniently excluded from the statistics with my -0.56% TWR/MWR?

Thanks. I do have some long term investment on stocks outside SA, so increasing risk index to focus on equities feels like I'm putting too many eggs into the same basket... or am I wrong to think so? I'm not saying I have eyes on all kinds of industries/sectors, but I'm thinking a market crash would affect every stock out there.
Honestly I was expecting it to perform better than FD or heck, my saving account lol, but I can't bring myself to top up to a portfolio that tells me -0.56% TWR, meanwhile my manual investment is going strong at 15%+

It's hard to think that it was a bad peak when the market right now is better than in Aug 2020. So was I really just unlucky with the AI/whoever working on my account? I'm trying hard to convince myself about SA haha

365 days in 2020 vs 1 day lump sum leh
aug - dec 2020 is also missing out on early 2020 dip/peak bull runs lol

anyways, no you're not wrong to think so because SAMY is essentially majority ETF on their highest risks.
so your DIY stocks is pretty much "same" as what SAMY is doing, except they do for you. hence my earlier post - pick a side and focus it depending whether you're good at the market or not.
or split for the sake of diversification.

the drawbacks for diversification is always dilution.
meaning you stand to miss out gains as you diverse into other not so gaining sources.

so again, simple solution = bump it to 36%, start gaining, then you decide if you wanna pull out or continue.

disclaimer: however yes, the market. risk vs reward, for many old timers, SAMY wasn't always bull running forever.
I'm not an old timer and i joined in the dip/peak of early 2020 (increased deposits) even though i originally started around Sep 2019 with around maybe RM100 monthly / some months also skip aka 0

Bonds and gold are underperforming these past few months, so to have a loss is not surprising in these “bull times” for equities, bear for bonds. Even my 14 % ri portfolio is not performing as well as the higher risk ones. BUT, during the bad times at the worst of COVID last year, i assure you it was outperforming the equity heavy portfolios, and by a strong margin. At one time the 14% risk portfolio was doing 20% return per annum. Of course I was doing DCA and this guaranteed average results. Now it is roughly 10-12% XIRR.

As has been discussed many many times, lump sum during down turn is going to loss out to DCA (your situation for bond heavy portfolio).

The plus factor is you hardly lost any significant money during this period and I bet you are still very much in the 10% risk index performance bracket, ie 1% chance of losing 10% in a year. There is actually no guarantee that the lowest risk portfolio must make profit, it is just lower in volatility. I’d say a 0.5% loss over 6 months is damn low volatility.

There are a few ways to look at this:
1. Stay invested and eventually it will rise back to close to the benchmark 9.5% p.a.
2. Invest more and it will reach 9.5% sooner
3. If you actually looking for more reward vs risk then switch to higher risk as many have recommended.

Now the question that remains is what are you going to do and it is not up to others to decide or even for you to decide based on historical returns. If you think market gonna tank, suggest you top up your 10% port, if you think market going up, do the 36% instead.

The bar graphs is actually in their "Our Returns in 2020" article



You can check the article yourself. https://www.stashaway.my/r/our-returns-2020

The bar graph depicts their return over 2020 which as you've seen and others have mentioned, bond-heavy portfolios don't do well when market is in recovery (Covid-19, US elections etc.)

However if you look at the article and check benchmarks for returns since inception, the only one that underperforms is the 6.5% index (which is honestly not much higher risk than EPF or ASB lol)

I would say that you should read/listen to their commentary videos to get a sense of their direction with their investing + understand why certain elements of your portfolio might be outperform/underperform compared to your expectations, then decide if SA fits your risk appetite and your confidence in which market performs well.

I think your case is simply a combination of chosing bond heavy portfolio just when bonds turn bearish + investing when MYR value was low compared to current MYR value.

Just for reference, my 16% portfolio that I opened in May 2020 is hovering around +8% MWR now after staying red for Q4 of 2020 due to MYR strengthening against USD.

This post has been edited by DragonReine: Feb 14 2021, 09:50 AM

Thanks everyone, I'll adjust by adding a 36% portfolio and adjust the current's RI, split my funds (with some top-up), and try monthly DCA to both for the year.

The 36% portfolio will serve as my competitor against my own investment to see who wins

i would recommend u start a new 36% and leave the 10% alone, cause switching it to 36% would just realized your lost...
might as well just start a new one and let 10% to slowly roll up and get back the gain in coming time.

ps: did you tracked your past transactions on what price and how many units when u bought and sold? you may have clearer picture on your gain and lost.

This post has been edited by blur19755: Feb 14 2021, 01:29 PM

That is wrong concept, the idea is about Now, right now it is already at loss. That loss is a new starting point

To make it easy for people to underrstand, someone start with 100.

After investing with port A for 6 months,
He loss 5% and now have 95 in that port

If he sell now and switch to port B with higher upside(consequently downside as well) he might gain 10% in the next 1 year
95 X 1.1 = 104.5

If he maintain with conservative portfolio, he might gain back his loss and then some after 1 year but due to less equity allocation in an uptrending market, let say 6 %
95 X 1.06 = 100.7

This is a normal idea in stock market, sometime you just have to accept your loss and move forward. The idea is the damage is already done and loss is already there whether you realised it or not,the point now is about the future.

Unless you think that it is going to a bear market soon and your conservative portfolio would have a lower downside compared to equity heavy port.