Whew. If they tap this market quite good chunk of potential investors leh.

2.4% is projected rate only, not guaranteed because it's based on performance of the money market fund Simple invests in. This year it looks like PRUISIN will underperform.

Only 0.0007 per unit for Simple distribution on 6 April, oof

Versa been going strong at 0.0009 per unit since launch. Will see what's their distribution due on 11 April, but based on fund price of HWAEDEP it'll maintain at 0.0009 because unit price is on par with December 2020 where distribution was also 0.0009

lol only if able to wait a year for dividend, if for very short term then MMFs are better

SSPN/FD and MMFs work differently and will have their own pros and cons, can't compare the two.

Pacific Trustee is the entity that opened and maintains the accounts in the following:



so it's not directly under StashAway name, which means those accounts aren't considered part of StashAway's assets (read: cannot be liquidated and used to pay off any debts or used for company's purposes)

https://www.stashaway.my/faq/360009976633-w...cific-trustees/

https://www.investopedia.com/terms/c/custodian.asp

This post has been edited by DragonReine: Apr 9 2021, 11:34 AM

Direct debit still available for new users, but cannot do weekly debit. Only monthly and quarterly allowed.

This post has been edited by DragonReine: Apr 9 2021, 11:44 AM

add: unless you got free time and setup direct for each calendar day like this fella

The "not on par" is because you're looking at Time Weighted Return: https://smartasset.com/investing/time-weighted-return

If you check your portfolio's transactions it's likely your April deposit is only freshly invested/just converted currency and not yet execute buy order. Go to Transactions > Select your Portfolio name from "account transactions" dropdown menu to see the transactions within the portfolio itself.

This post has been edited by DragonReine: Apr 9 2021, 01:17 PM

Whatever is the highest risk that SA recommended/unlocked to you after you've finished their account signup questions.

If you want more specific, you can try explore their Goal Based Investing option in portfolio creation, to get a recommended SRI and more importantly how much you need to DCA monthly to get your goal.

Note however that it depends on your risk appetite as well.

SRI is not "how much profit this might get" but "how volatile this portfolio is". The xx% simply refers to the 1% chance yearly that the portfolio might dip below that xx% baseline. SAs strategy is to minimise risk, not maximise profit.

This post has been edited by DragonReine: Apr 13 2021, 04:47 PM

Not in the regular portfolio. StashAway Simple, yes, for short term.

As the crash and volatility in the past 3 months have shown, market can be unpredictable, for something less than 10 months I don't even touch the regular portfolio. If your timing bad within one year you can lose money

This post has been edited by DragonReine: Apr 13 2021, 05:25 PM

Yes, but that's harder to quantify than the Value-at-Risk risk metric which is what the SRI refers to:

https://www.stashaway.my/r/what-is-the-stashaway-risk-index

I think like in layman terms, it's might theoretically be easier to say "Are you comfortable if portfolio can lose value up to -36% of previous value in 99% times of the chances that market dips?", but that's incredibly difficult to visualise for most people and giving that kind of question makes it sound like SA just keeps producing losses

And in practice even during the most severe recent crash in March 2021, most people here only get 10-15% loss relative to value before dip for 36% SRI, and even then depending on when they enter and how much they've invested, they might not even end up in -ve territory because of compounding interest.

Simple is Money Market Fund (MMF)
https://www.stashaway.my/r/banks-money-market-funds

MMF essentially are mutual funds that are invested into FDs in banks (and maybe short term bonds with government/corporate bodies), with "special" rates due to investing with large capital. Because it's in FDs profits are very low, which means fees are minimal.

Historically FDs and MMFs are usually about similar profits, with MMF having the advantage of being very liquid so you're not locked into tenure like FDs, it's just that in the past it's difficult for the average retail investor to invest in MMFs due to requiring fairly large amount of cash to invest (at least RM10k to deposit, usually it's even higher).

What StashAway Simple does is they play middleman, allowing individuals with poor cashflow to invest in MMFs by pooling cash from multiple investors together in SA, then SA helps buy MMF units using the pooled cash, and after that assigning the units to your account based on how much you invest, so you can buy MMF even with only RM1, instead of needing to collect RM10k one shot.

This post has been edited by DragonReine: Apr 13 2021, 06:34 PM

To add on, overnight interest will actually also take into effect on weekdays, if it takes too long to process. Basically anytime processing time takes more than 24 hours, Versa will pay overnight interest.

JomPay really fastest 🤣🤣🤣

When you go to Transfer > Put Money In > Manual Deposit they'll generate JomPay number and a Ref-1 unique to your account for you when you setup the amount you want to deposit. Need your account's unique code for Ref-1 in JomPay otherwise they can't trace your deposit.

This post has been edited by DragonReine: Apr 14 2021, 10:06 PM

Relative lor, if you believe in SA, then put as much as you want into SA. If you don't trust robo, then don't put too much % of your investment money into SA

Disclosure: My investment in SA is the low end of five figures, but it's less than 30% of my total investments I'm still in wait and see mode for SA

This post has been edited by DragonReine: Apr 15 2021, 10:59 AM

No. StashAway Simple is a money market fund, which is a low risk mutual fund that "invests" in FDs. So you get similar to FD rates and the benefit of liquidity, but the downside is that rates are not 100% guaranteed, only "projected" as it depends on banks' offered rates to the money market fund which isn't always fixed as MMFs do what's essentially FD laddering on a large scale. 2.4% in Simple is not guaranteed the way an FD is.

This post has been edited by DragonReine: Apr 15 2021, 12:01 PM

No need direct investment when PRUISIN quite transparent about their NAV movements and distribution:

https://www.eastspring.com/my/funds-and-sol...s?fundcode=E026

You can look at fund performance + distribution and calculate yourself

And as above said, why concern so much about a few sen difference? MMFs shouldn't be for more than few months emergency fund holding anyway. Don't be so calculative to this level lmfao unless you're dumping six figures into MMFs.

This post has been edited by DragonReine: Apr 15 2021, 12:15 PM

Compounding, since it's annually charged, so as wealth grows the "worse" it gets.

But as above mentioned, it's still pretty low in the grand scheme of available investments on the market, since mutual funds are far more expensive. DIY your own ETFs will be "cheaper" but if no capital and/or knowledge and time to trade, it's out of reach for those who can only afford a few hundred monthly to invest.