Anyone realized for Jan 2021 statement, whole "fee calculations" part went missing?

Interesting.

Stash away is literally working close to 24/7 based on my experience.

SA simple will buy the etf on Monday.

SA will buy USA etf etc on Saturday too.

Sunday is basically off and Public Holidays too.

im gonna put all my EPF 10K into SA.

i think it grows faster than ARK ETF.

better not say, coz tesla fanboys will get angry.

tesla dont have fundamentals. its stock price now is merely based on speculation and hype.

i think elon musk buying btc is just a publicity stunt to divert people from tesla's balance sheet problem.

Surprisingly despite yesterday majority all green but today check the value, it is a negative.. why.

I have 22% and 36% since last year and just started to add 3k in 30%. 2 months ago.

This morning value reduced about 5% compared to yesterday. At 2pm it increased and updated as usual but still in negative zone. If coompare with yesterday currency rate i think fluctuation less than 1% right?

Fyi, Tesla's bitcoin investments is classified as assets in its company's accounting treatment/annual report. Whether this fits into your definition of "asset" is up to you

Every FX loss is only up to 1% on volatile exchange including 0.1% spot rate

Even on 10k deposit the most you can lose up it is up to rm100 so don’t exaggerate because your calculation is way by 10x on 5% loss which will never on FX even on black swan event 

why suddenly my porfolio sold my KWEB etf?? is this auto rebalance program algorithm by taking out 50% of profit here and buy other cheaper asset?

in progress selling 49.67 usd kweb etf from 108.60 usd profit? from that stock. need to check what etf next will buy..

anyone else kena?

I didnt withdraw or change portfolio risk. my last deposit is Jan 26.

If it buy same KWEB etf at higher price really facepalm.. need t wait and see.
If it buy GLD etf or Bond etf, I also face palm because lesser profit there and only waiting for the small dividend....

Also i off the optimization still do rebalance.. please do share info ya.

Withdraw in small amounts is better to take profit than lump sum because FX rate calculations where more gains are to be seen than losses 

You can go try withdraw small amounts of less than RM1 then you know how much the difference.  I been putting in lump sum in xxxx and withdraw daily in small amounts of less than RM1 when the MYRUSD price alert trigger on my dashboard

You wouldn’t understand unless you have trade FX derived FI and MMF, FX and ETF directly hence you wouldn’t understand when to take profit at the right time 

I think it boils down to how cheap it is for us living in Malaysia to trade ETFs.

Currently we need to open brokerage account abroad, then wire the money over, which can hurt our return without investing huge amount one shot.

If a broker accepts MYR deposits, and give us USD 1.99 commission to trade ETF, I can see stashaway to be much less appealing here.

I have SGD bank account and Tiger Brokers account, I buy some ETFs there, but I still maintain regular deposits into StashAway because I am not confident my ETF allocations can outperform StashAway in long run. Buying own ETFs is fun, but stashaway is at least professional managed, very happy with their performance since 2017.

Notice that last night a small portion of KWEB was being sold and I understand that because it has exceeded the target weight too much.
My portfolio is 16%, and the target weight for KWEB is 8%, before yesterday the actual weight was 9+%
What concern me is that I have set to transfer money from Simple to this portfolio on weekly basis, running for months already, and the amount is almost same with the KWEB portion that was being sold last night. Actually based on previous records, this week investment should be done on Thursday or Friday, but i think because of holiday, it didn't kick in. If that happens, I think the platform won't sell the KWEB that much. And now I believe high chances that in coming weeks I will buy KWEB again, in higher price, due to the weekly deposit.
Instead of using Simple, perhaps I should just manual transfer money to the portfolio.

Hi all,

Question about SA's conversion rate - I don't like what I'm seeing but I might be wrong in this. Here's a snapshot of my SA transaction history:

The transfer fee was USD37.0581, considering SA's exchange rate displayed there, there was a hidden processing fee of 37.0581 USD.

Now to reverse engineer to find out what was the MYR>USD rate on 3 Aug 2020:
Today (13 Feb), 1MYR = 0.2473718USD
On 3 Aug, 1MYR = 0.2473718 - 0.0047429 = 0.2426289

But of course, I have no way to reverse engineer fintech's or bank's offers so I went to Instarem and TransferWise to check the rates, and plotted them onto my own transfer rate calculator (Special thanks to a forumer who did a sheet like this himself, I made my own copy with some additional functions). Google finance is the benchmark, and the various fintechs are more realistic values:
TW and Instarem:


Excel comparison:

RHS: Today's exchange. I'm taking 27.67 USD as the actual charge incurred for the exchange and put that into 3 Aug sheet (LHS). Meaning, if I did the transfer on 3 Aug instead using TransferWise, I would've receive approx 4825 USD instead. That is 100 USD spread from SA's conversion compared to other fintechs! Did I miss out something or is SA conversion rate really that bad?

inb4 "Why are you trying to reverse engineer this?"
I didn't know what I was doing back then, now I want to know if I should continue keeping my money in SA or take it out to invest manually. Frankly speaking, the performance has been disappointing, and I want to know why.
On top of that, there's a 3+USD conversion back to RM to pay the management fee every month, so shitty conversion rate would really hurt investments in SA.

OR, if anyone is going to make a deposit into SA soon, please do me a favour and compare your post-conversion amount to other fintechs? Thank you!

Hello, did I just get conveniently excluded from the statistics with my -0.56% TWR/MWR?  
Thanks. I do have some long term investment on stocks outside SA, so increasing risk index to focus on equities feels like I'm putting too many eggs into the same basket... or am I wrong to think so? I'm not saying I have eyes on all kinds of industries/sectors, but I'm thinking a market crash would affect every stock out there.
Honestly I was expecting it to perform better than FD or heck, my saving account lol, but I can't bring myself to top up to a portfolio that tells me -0.56% TWR, meanwhile my manual investment is going strong at 15%+

It's hard to think that it was a bad peak when the market right now is better than in Aug 2020. So was I really just unlucky with the AI/whoever working on my account? I'm trying hard to convince myself about SA haha

I agree with this thinking. Cut loss move on. Don't hang on to losers. Opportunity cost.

Fed is about to inject another trillion dollar into the system. Market is going up. Don't allocate so much in bonds.

Usually they put you max 22% due to several factors from your assessment answers, including but not limited to:

1) low monthly income
2) high liabilities/debt-service-ratio
3) job is deemed high risk/unstable/low to no income (like student or an entry level job like clerk/waitstaff or gig work)
4) no prior investment experience
5) low to zero savings
6) age (if you're older they might not give high risk initially even if you list yourself as aggressive because your age means not many years left to retirement where you can weather volatility)

basically its SA's way of protecting you and your finances. A human financial advisor would similarly tell you to take lower risk if you fall into too many of the above criteria, because it's not wise to invest if you're deep in debt with little income etc.

Don't feel bad about limited to 22%, in fact 22% risk portfolio is not bad performance at all, if you look in their performance since inception the annualised return is same to 36% because of some crashes in equities a few times in the last few years.



36% portfolio is for us who can afford to stomach the volatile and are willing to risk the losses to get (maybe) high returns it's not guaranteed that returns will be higher than 22%, nor is it necessary for good gains

as above have said, you can watch the videos on Personal Finance basics and Investing basics to educate yourself, then contact StashAway customer service via their WhatsApp to help unlock 36%

But don't be super WAHHH AMAZING about other LYN members' gains. SA's algorithm recommending low risk for you is not without reason.

Hey just curious on what do you mean wed & thurs will correct itself? Is it a trend for markets to correct themselves around end of week? And is this in relation to us markets or equity markets in general?
Coz if tats the usual trend then it makes sense to top
up around end of week yes?
Thanks haha 😆