the FD part was meant to be a joke cause people always say FD can't keep up with inflation

Maybank was also a joke sort of...u know what smart people here says about investing locally 😉

You already compared with FD in the 1st place

Can’t compared with FD will always be positive while ETFs, bonds and markets can go up and down 🤦‍♀️

Excellent piece of write-up from FT Weekend 311222-010123:



Cross-posted with other popular asset management-related threads e.g. FSM.

KWEB +8.81% today wtf

buy low sell high haha

that's not what stashy did... lest we forget

Forget about that if they did reopt of KWEB this year rather than last year most of us will still have a positive portfolio

And the worse was reopt when it was the lowest at that time 🤦‍♀️

maybe Stashaway’s selling caused the dip dip

Not really as Stashaway % is small in KWEB

The problem is when SA decided to join the selling hence exacerbated the selling price to go down even lower 🤦‍♀️

Haiz, nasi dah jadi tahi, what to do

My StashAway (SRI36) FIRE FUND has dipped y-o-y but this is in tandem with the year 2022 that has not been kind to most investors overall. Perhaps my expectations for StashAway to do better has been ill-placed as I expected at least +8% CAGR at the beginning of 2022 rather than -11% y-o-y losses for 2022. Still I am a firm believer that time in the market >> timing the market. Let's hope that StashAway (& the global markets) will in better in 2023 and beyond despite a looming recession underway.

https://pictr.com/images/2023/01/06/EiZkHg.md.jpg

KWEB is going back up since China open. Maybe can put in some Stashaway now. I am glad I have exited earlier when things starting to go south.

Yeah just treat it as lesson from them

In fact this year with the new reopt should be quite steady with some small gains 👏

At least you still in the green a lot of others are still in the red

You exited before KWEB opt in? Or after

In fact if you go in now at 36% Sri it will be still in red for a while 🤦‍♀️

22% Sri and below should hold steady for a while

Ah yes timing the market

try the black rock portfolio

@xander2k8, agreed as I count myself fortunate to have entered my positions in StashAway when I did. As mentioned time in the market is better than timing the market (most of the time & for the vast majority of investors).

Still, I can't say that I'm not disappointed with StashAway as I bought into their claims of their back-testing for Y2008 scenario during the peak of the US subprime mortgage crises & global recession where StashAway supposedly would have made double digit returns of +11.6% over a 3 year period after the crash. So I guess we have about two years or so to see if StashAway is able to deliver on those double digit returns or not.

Ref.: Google "StashAway: 2008 Backtest"

https://pictr.com/images/2023/01/07/EiU7Tg.md.png

Stashaway ETFs are similar to unit trust funds managed by fund managers. Prior to 2022, the world has 10 years of low interest rates environment where there are free flow of cheap monies. The back testing done is useless because no funds / ETFs had ever gone through high interest rates/inflations. 10 years later, almost all countries are highly indebted and with US stop printing its currency and raising interest rates to tame inflation, other countries have no choice but to follow. My question is which fund managers perform when inflation is high? NONE. What more past records are not indicative of future performance. In addition, with high inflation resulting in higher costs, rising borrowings resulted in higher interest expenses, which company's profit will increase? That's why you keep reading news on companies downsizing or reducing staff to cut costs. Unless you short the market for 2022, you will be having unrealised losses as well.

Sorry to say that 2022 was the year to buy quality and value 🤦‍♀️

I made gains of 8% on my diy portfolio buying good quality and value companies rather than shorting itself

Remember the saying past performance doesn’t indicate future performance hence most backtesting are just hypothetical modelling into future scenario

Always look for future anticipation rather than past performance