Ok.... so you're saying that there's a maximum possible shortfall of 1c for each dividend event. On average there's 2 every month, so in a year that totals 24c or RM1.

To put that into perspective, you possibly fall short of one piece of keropok lekor. A year.

The buy price order are determined by the weightage of your portfolio because the markets are fluid hence if any additional cash deposits it will buy the most under weighted equities then only follows back by balancing based on asset allocation %

Fractional dividends are given based on unit holdings because if the unit holdings doesn’t meet the requirements of minimum units hence dividends will not be given out because fractional dividends are given to those with minimum requirements of unit holdings with at least 0.1 units

If you look at it those accounts less than USD500 chances are because the units are fractional dividends will not be given because it doesn’t meet the required minimum of usd0.01 and for example IVV at USD420 with 10% allocation in 30% SRI the unit holdings 0.1190 units with dividends of usd1 per unit the dividends are only is usd0.001190 hence doesn’t meet the required the ETFs to distribute back the dividends back to the holder

SA USD500, 30% SRI, 10% IVV at USD420
unit = 50/420 = 0.1190 which is more than 0.1 unit why are you saying it doesn't meet the min requirement?

also if $1 dividend per IVV unit, I should get 0.1190 unit x $1 = $0.1190
how do you get the usd0.001190?

0.1190 units based on dividends for fractional you don’t get full dividends by units but fractional dividends as per ETF makers hence you are only getting 0.23% dividends which is only 0.0002737 in additional units with the value of USD0.001190

It is however subject to whether SA will payout because they only will get full accumulated amounts of dividends which they will distribute unlike UT where by there is a mechanism to distribute the units itself while SA will have to figure it out on whether to pay based unit or not because the value is unless it reaches a minimum of USD0.01 then you will receive the dividends reflected in additional units being reinvested or park into the cash allocation

if i introduce my spouse to SA via my referral code, and my spouse only put money into stashaway simple, does that mean i still get the 6 months free management charge from SA?

if i introduce my spouse to SA via my referral code, and my spouse only put money into stashaway simple, does that mean i still get the 6 months free management charge from SA?

Isn't Stashaway Simple free? No management fee?

A refer B. B put money in simple.

A get another 6 months free or not?

A refer B. B put money in simple.

A get another 6 months free or not?

Yes. I referred to my wife. She put money in simple only... and I am still eligible for the free 6 months

A refer B. B put money in simple.

A get another 6 months free or not?

A refer B. B put money in simple.

A get another 6 months free or not?

Again, I gotta ask; Isn't Stashaway Simple free? If so, then why bother asking if get free 6 months or not?

If Stashaway Simple not free, then I gotta read about it again. I understand its free.

Again, I gotta ask; Isn't Stashaway Simple free? If so, then why bother asking if get free 6 months or not?

If Stashaway Simple not free, then I gotta read about it again. I understand its free.

:confused:

A refer B. B put money in simple.

A get another 6 months free or not?

IIRC I have seen this question posed to SA in some FAQ, the answer is no.

The 6 months free will take effect, it's literally described like this in the page for Refer A Friend code:



Basically, you both get RM30k in investment portfolios managed for free for 6 months regardless whether your referral deposit in Simple or regular portfolio, but if deposit in Simple only then the 6 months is "wasted" because there's no fees, they won't "carry forward" the 6 months when a few months after referral code is activated you and/or friend finally decide to open regular investment portfolio.

Sorry but I still don't get it and how do you pop up 0.23% and 0.0002737 in magic this time?
Can you show me the full calculation formula please?

I thought I should get 0.1190 unit x $1 = $0.1190? 

thanks. my bad. i was looking at websites for FAQ or something. should look at the most obvious place, the part where i actually send out the referral.

1/420*100% = 0.23%

0.1190*0.23% gives you the magical unit of 0.0002737

The dividends are giving out on monetary value but reinvested back into units from your holdings value hence you don’t get the full value of dividends unless you hold an actual unit of ETFs itself