I think they mentioned somerhing like, you set different dates to do reoccurance deposits...
Something like 1st of the month, 7 of the month, 14 of the month n 21 of the month to do the 4x monthly deposits, whihk will lead to weekly deposits

There is a recurring transfer method for every 2 weeks or monthly

But beware if there is any technical glitch which happens before it will drain your bank account to zero which is why manual deposit is preferable as you can decide on when to deposit in order to have better control on buy order because if you do recurring and it falls on Friday buy order will only starts happening on Tuesday onwards

Can we open joint account at stashaway?

according to their FAQs
Can I open a joint account?
Not at the moment but it is in the pipeline. In the meantime, we accept deposits from joint bank accounts.

Can I open multiple accounts?
For security purposes, we limit one account per person. However, you can have multiple portfolios and goals in a single account.

https://www.stashaway.my/faq/115000365693-getting-started/

Direct debit no, but you can get around this using the Monthly Deposit function in Manual Deposit.

1) Create a "Monthly Deposit" entry in Manual Deposit with the amount you intend to deposit weekly (example if you want to deposit RM300 a week, put RM300 "monthly" deposit)

edit to add: But if you only one portfolio then any amount will do, since anything you deposit no matter what amount will go to your one and only portfolio.

2) Use your online banking site's "recurring Jompay bill payment/standing instruction to Jompay" function and set a recurring transfer weekly, with the same amount as you put in (1), don't put more don't put less.

This way it tricks SA to approving the deposit the money as per your allocation set in the "monthly deposit", even though you deposit multiple times within that month.

The other workaround is as MUM said above, set 5x direct debit for different dates within a month, example 1st/7th/14th/21st/28th of the month (roughly every 7 days), just not as "clean" as using the Jompay recurring deposit method because of differing month lengths 😂.

This post has been edited by DragonReine: Jul 2 2021, 12:05 PM

(1) usually I set RM 1. Any amount will do, it doesnt need to match at all.

I couldn't 😂 because multiple portfolio

Can i request stashaway not to buy anymore kweb? Always negative

Use standing instructions from Internet banking, pay with jompay.
Different bank difference style, try exploring ur banking sites.

Don't think so.
Robo mean they do it for u, if u wanna decide it, better go IBKR buy it 😁😁😁

Nope, lower your risk, will indirectly distribute less to KWEB.

Been thinking about this recently.
Basically its almost like stocks right and only pay d expense ratio no need to pay extra fees like management fees or paltform fees by SA. But i guess have to monitor the market more then

This post has been edited by Msxxyy: Jul 3 2021, 10:27 AM

SA has mgmt fees

Ya..if u hav IB account u can buy any etf basically n no management fees. But then need to monitor market closely n im no where near financial advisor like SA. Had a session with them through zoom. They seems like a bunch of decent n careful investors

If i adjust my risk now..will i lose any money?

SAMY when you change risk will adjust your portfolio's units weight to target their new allocated weight

which means if you sell overweight sectors when it's low, there's some loss

If you don't want to sell at loss, better to open a new portfolio at your new intended risk index and start to deposit there, just ignore your old portfolio and let it have time to go back positive, then withdraw the old portfolio in full

This post has been edited by DragonReine: Jul 3 2021, 11:21 AM

I am trying to create a new portfolio for 36% risk index, however stashaway doesn't allow me to do so.
How can i create the high risk portfolio?

Yes, you may ask SA to manually bypass the results of your risk assessment made

Alternatively, what I did:
Pass this test at 90+%: https://onlineeducation.sgx.com/specifiedinvestmentproducts
(Also applicable to Malaysian)

Then show StashAway your result, they'll unlock for you immediately.

Thanks guys!