Hello all, just want to share my journey of SA
Started May 2020 at SRI 22%, DCA weekly up until March 2022
Results until end of february was a minor gain so i wasn't too disatisfied, the plan was to continue DCA for the long term.
As we are all aware KWEB was falling like a rock from peak Feb 2021.
SA continued to have faith in KWEB throughout the fall stating that long term tech growth prospects in china were solid.
End of Feb 2022, Ukraine war started and markets went down in general except for oil and gas.
SA were spooked that china might get secondary sanctions by helping russia and dumped KWEB.
In hindsight this was the right decision to dump KWEB as it has gone sideways since.
SA reoptimized, sold and bought assets in bulk at a fixed price.
This meant DCA was for nothing, at this point I decided to stop DCA and just hold.
From March 2022 until Dec 2022, SRI 22% was just moving down and sideways.
I had invested RM248k at this point, losses fluctuated between -RM30k at its peak and -RM12k at the lowest.
Then from Jan 2023 until June 2023, the ringgit fell from aroung 4.20 until current price 4.60.
This meant that even though i was holding a substantial loss in USD of aroung 5-6k, i had made a small gain in RM terms.
Made a full withdrawal on the morning of June 7, received funds on June 9 in the evening.
Overall made RM2.3k after 3 years. After staring at a loss of rm30k at one point, just glad to get out.
Might use SA simple for parking short term funds, but would rather DCA myself than invest in SA again.
so, the question is always whats next? You keep parking in RM and in USD terms it just gets less and less?
DIY investing? 50k usd is healthy enough to start your own VOO / QQQ / TQQQ / SQQQ / xyzQQQ journey.
Jun 11 2023, 09:16 PM
Quote
0.0336sec
0.49
6 queries
GZIP Disabled