If its 1 week to transact, then its too long. In this day and age of electronics, even a day is a long time. 3 days is reasonable.

The Rm1 is the initial forced transaction that require to connect the account to SA.

This post has been edited by prophetjul: Feb 25 2021, 09:25 AM

1st time takes at least a week

After that will be smoother it will take 3 day so to reflect in your portfolio

The flow of transaction of buy is as follows

Deposit to Citibank under Pacific Trustee will take a day together with FX conversion
Once that’s is verified robo will calculate buy order and send the instructions the broker used to execute the buy order in Saxo which takes another or 2 depending on the market
Day 3 or 4 your portfolio will be shown together with the underlying assets and allocation

Unless you want fast go ahead open IBKR or TSG account used that to trade then

Thanks

i have my US portfolio. But they are mostly dividend stocks.

But i like to see how this Robo advisors can do in risk management and trading.

You should use your US portfolio buying growth stocks and ETF because you will expense ratio in particularly QQQ

Robo is only performing your risk assessment and management which will tell you on what portfolio to buy

It is just the same thought process on buying stocks just that it is more complicated because involves different sectors from Equities, Bonds, Fixed Incomes and Commodities on SA and allocation to each sectors

i have no time to monitor too many stocks. So my portfolio is limited to dividend stocks.
Nor do i trade frequently.

Robo is somewhat AI and they are programmed to trade. So that covers an area that i do not have time for. That is the general idea.

Robo is not AI yet till they’d have Machine Learning with Human Computer Interaction learning then it’s a true

Robo is only at the moment used to speed the process from deposit, submit buy order and execution of the buy order which are underlying still has a human to do programming on the calculations of the buy order

I think its best to have multiple portfolio at different risk levels. I have 3 and they are between 16% to 36%. It's always good to spread your risk tolerance.

To really spread the risk, make sure that the 3 portfolios have the least or non overlapping ETFs.

may i know what is ETFs??

oh...i am mistaken then.
I would have thought it be easy to program the buy or sell order?
So there is not much difference in buying the ETFs directly then? Faster too!

What is SAMY (apart from Simple™) investing into?

May i know what is IBKR and TSG account is? How is it different from normal deposit in stashaway?

Those are DIY brokerage accounts to trade US stocks and etfs.

Can also consider Tiger Brokers.

I see. I have looked around FSM, I seen same etf in SA can be found there as well.

Is FSM something like a Tiger Brokers?

Maybe? Just check the commissions and charges first.

SAMY is in GBP or USD?

haha can i knoaw what is SAMY first? i really new into this area

SAMY = StashAway Malaysia
ETF = Exchange-traded fund
DCA = Dollar-cost average
ATH = All-time high

tqtq....need to do some study on these...

is there an "ideal" risk level on this?
i know there are risk adverse and risk loving investor and it really is based on individuality. However just for curious sake, i'm pretty sure maybe those extreme high risk level could face negative output more often than those extremely low risk portfolios