Human factor still important in customer relations especially older gen that trust and seeing familiar face is very important to them.

5 hari je?

but yes very few fund house will collaborate with fintech because it's nearly direct competitor, so it's unlikely will have similar power as SA

Unlike scams, SA is registered and has license with Securities Commission, so they're regulated and can give investment advice. Any money that customers invest through them is held in trustee account which is kept separate from SA's finances, so if they bankrupt they cannot steal investment money. Their trustee is Pacific Trustees which is very legitimate https://www.pacifictrustees.com/our-clients

They're basically held to similar standards as Rakuten, Kenanga, Affin Hwang etc., just that unlike UTs they help you invest in ETF https://www.stashaway.my/r/etfs-versus-unit-trusts

SA isn't actually that simple because you're actually supposed to read and understand the ETFs they invest in, which they list for you, before you invest. It's easy to open and start an account, but it's no more "beginner friendly" than investing in, say, Kenanga's mutual funds. You're supposed to read prospectus before you throw money at any kind of UT or ETF, otherwise you're just gambling.

This post has been edited by DragonReine: Apr 2 2021, 12:55 AM

SA is designed for those who don't want to or are unable to research thoroughly.

In a way SA is mostly trusting that Freddy & his team know what they're doing which is why as far as risks go, it's actually pretty low on par with UTs with mixed assets and are region based because their portfolio is very spread out to minimise risk.

If you want more control and you trust other sources, then SA is not the vehicle for you. I say this also as someone who still has 80% of investments in UTs.

This post has been edited by DragonReine: Apr 2 2021, 10:46 AM

Yes, I agree it's easy, which is both good and bad depending on type of investor la Some people really cannot handle having so little control over investments, so they're better off doing active investing. SA is very passive and designed on purpose to be "DCA and don't kacau" which is great for people who prefer a more passive hands off style

Public Mutual Growth PRS Equity (jk it's the one i invest in)
Kenanga ones are good too
I think sotongbank has a few funds that have great 5Y performance but I dislike sotongbank's customer service LOL so i boikot le

This post has been edited by DragonReine: Apr 2 2021, 11:45 AM

Less possible high returns compared to SA. They haven't adjusted portfolio in a while, and sukuk exposure + their choices of ETFs have made things a bit stagnant

Have a 16% SRI for future house renovation that I'll withdraw in 5 years or when hit goal, whichever earlier, and a 36% SRI that I'm treating as an additional retirement savings, DCA for next 20 years

We both know that robo gains are usually better, but if people are scared of startup cannot force them la

🤔 unlikely to be worth the hassle because of all the conversion and remittance involved eating into profits, and that's assuming this 'someone' who's investing on your behalf is trustworthy and won't take a cut of your money

like a big problem is how MYR rate of conversion is not exactly stable, so the multiple conversion of currencies will impact you unexpectedly if MYR goes up/down.

This post has been edited by DragonReine: Apr 6 2021, 10:30 AM

Simple is marketed to people who 1) can't afford or don't want to use conditional high yield savings account and 2) really want to make monthly DCA with minimal thought towards SA account, to get the projected gains which is higher than most savings accounts.

Simple's "big" problem is that it's competing with Versa which beats it at withdrawal speed and potential gains otherwise Simple would have been easily dominant in fintech apps that invest in MMF

You can sort of do scheduled deposit into SA, using the manual deposit option and setting up JomPay recurring payment from your bank's side. Just a bit mafaning

Very bad takes a week

Sell order in Simple then to trustee account for portfolio investment: T+4 biz days on average
Convert from MYR to USD and then execute buy order: T+2 biz days on average

Total time takes around T+6 biz days

this is most important in passive investment vehicles like SA, important to keep you invested and not panic sell

legit lol I tahan 2 months before I gave up and go back to my preferred method which is mix of lumpsum + weekly DCA via Jompay l😅 i cannot handle the long transfer time

This post has been edited by DragonReine: Apr 6 2021, 12:53 PM

Existing Money Market Fund thread got discussion on Versa and other MMFs. Coincidentally Versa doing digital launch soon: https://fb.me/e/1oLw1q2QV

Already answered here:

It actually makes sense if you realise that it's because you're instructing SA to sell off units from a money market fund, send the sales proceeds to your nominee account, then send to broker to buy. MMFs on average takes 3 biz days to sell units and give out money back to you. Add that on top of the transaction time for investing in SA regular portfolio and it becomes unusually long LOL

This post has been edited by DragonReine: Apr 6 2021, 04:27 PM

My experience with transfer/deposit/withdraw orders placed in weekend is that it becomes luck based sometimes faster than regular processing time, sometimes slower. Usually faster but I don't bet on it.

Honestly it's a bit irrelevant if you're committing to regular DCA, the time of executing buy sell doesn't matter as much if you're doing DCA strategy, as long as it's consistent.

Been running a small syiok sendiri experiment on Versa VS Simple returns.

https://forum.lowyat.net/index.php?showtopi...ost&p=100542700

to be fair, it's both experiment and a result of hitting upper limit of my OCBC 360 bonus interest tier, needed to park extra money elsewhere for now until I get billed for my property purchase haha