everyone has their right on how to view this issue.
Person A may think SAMY handle this crisis fast and efficient based on returning the money next day by 11pm
Person B may think this should not have happened in the first place thus what is there to praise for SAMY handle it efficiently. they are just fixing the problem that should not have arise due to their inefficiency.

Overall if you are bystanders of this issue you can easily say they handled it "fast" but as a victim myself, looking at my account got drained from evening and this goes on till late night and even the next morning (still trying to deduct my money), i find it quite ridiculous.
Also for them to only publicly announced it in their facebook the late afternoon despite huge uproar in LY and SAMY forum FB page previous nite, i find it this is not "fast"

anyway, i have gotten my money back and will still continue to invest but i really want them to give all of us a good explanation and solution. i personally will join the ask me live webinar to question them.

Never mind. Just want to see how silly he is. See how he reply in OPUS also fun.
I think SA did fine in the issue because I know RT response is bad.
SA suck it up and refund the money.
I know this thing isn’t supposed to happen at first but the damage control by them is fine for me.
Maybe I am more alert to have separate account that have auto debit.

i see. i just started etoro actually. inspire by a very young talent man name spark liang. sound like a sparkling name. Brainwashed after saw his few videos. Damn spark the fire in my heart. lucky i just invest like 300 usd try water. damn should not ever believe a person name spark again.
Thanks for advise

sc say etoro illegal

StashAway is still one of the few investment vehicles that actively inform users of the risk they undertake.

Etoro is a bucket shop that dont hold underlying securities, avoid.

holy mama.... but his face look so honest and innocent.... damn cant judge a guys with appearance ......sparkling liang...

the risk would be, if there is any dispute or issue with the service provider that is not recognised by SC, you will not be able to get back your capital as it is not protected in the first place. hence, the risk is there is no local regulator to assist you in case of dispute.

moreover, if this is outside of jurisdiction of SC, no matter how many times you report to local authorities, nothing can be done if eToro or Binance decided to take away your money for good. not saying they are illegal or what, just that you need to understand from the perspective of regulators.

on that, i think most probably cannot as it happens outside of Australia ontop of it you are not an Australian
a recent case i recalled reading....investors in China got scammed in China by a M'sia company......
Chinese in Malaysia told not to protest amid 'investment scam' anger
https://www.msn.com/en-my/money/topstories/...nger/ar-AAJmZoH

in 2 months he get 2% in Simple
what if he stayed for another 2 more months?...will the 2% doubled?
if no, wondering what is the best effective duration to put in and pull out?

2.09% for merely 2 months.
If annualized it, it'll be close to 12.5%.
This is indeed a good replacement investment instrument over conventional saving account.

Investment is not gambling. If you take a punt on today's hot stock like say Tesla or glove makers you can make  50% or maybe lose 50%. Maybe that can be considered gambling. But investing is NOT gambling. There are a few ways you can invest. You can invest in safe dividend stocks - even if the stock price does not increase at all, if you can get a dividend of 5% p.a. that's way better than any FD. Normaly there would be stock price increase as well, so your total returns would be better than 5%.

You can also invest in individual stocks, if you know what you're doing. However, if you don't know how to buy stocks or think that's too risky, you can buy a whole basket of stocks. i.e. an ETF that tracks an index / group of companies. Warren Buffet has said when he dies to put his money into low cost index funds. This is precisely what Stashaway is doing. It is helping you diversify even more by investing in a mixture of ETFs.

Look at the chart below of the S&P500. What do you see, it is just an upward line. Where's the recent covid crash, or the GFC crash? It is barely a blip in the overall picture. That's why invest for the long term and stop trying to time the market by trying to buy at the lowest, or someone earlier mentioned sell now. Just stay invested. S&P historical returns has been 7-10% p.a. over the past 100 years.

That diagram is for the past 100+ years.
And yes, 2000 was the lost decade, where prices at 2000 crashed and took a decade to recover. But if you're willing to invest long term, look at what happened from 2010 to 2020, it went on a super bull run and gained 200+% in the next 10 years.

I think most people here are young. So just DCA in and don't withdraw until retirement. I'm 100% certain you'll be way better off than keeping cash or putting in FD. If you're young (in your 20s-30s) you should put all into 36%, and as you get older you slowly lower your risk

why not easy? during March crash my portfolio got 22% paper loss. just dca as usual and today it is +17%. you can see over the years with each major crash, the financial systems fix their shit or just simply dump more money into the index to support the shares. it has never gotten worse.

even our own KLCI which had been on a free fall since May 2018 could also bounce back to pre-covid levels.

mutual fund is different. from the start you already lose money due to the high annual agent fees. SAMY at 0.8% annual is laughable.

i hope by then actual international ETF is finally available to retail investors in Malaysia.

Haha this is precisely correct. I don't understand people who track every cent and daily fluctuations. It's just shiok sendiri.
Btw, those who have so much time to do all these, if you have a big enough capital, you could even create your own Stashaway fund by buying the same ETFs that Stashaway buys, while saving the 0.8% fee. You just have to count brokerage costs. If you DCA often / not a big enough capital, brokerage costs could end up being > 0.8%. But for those that have big enough capital something you can consider doing.
That would only have happened if you lump sum and invested 100% all in at the peak. If you had DCA'd in continuously over the years, your entry price would have been much lower.
When you invest in one stock or just one industry, the risks are higher, you can make 30% p.a. or lose 30% p.a. Whereas when you buy an ETF, you're buying the average of many many companies. You get average returns, but lower risk. And long run the economy / stock market as a whole always goes up.

Simple™ competitor?

Versa Collaborates With Affin Hwang To Launch New Digital Cash Management Solution

Versa Asia has collaborated with Affin Hwang Asset Management to launch a new cash management mobile app that allows Malaysians to earn returns similar to fixed deposit rates on their invested money through money market funds. It also offers them the flexibility of being able to access their funds at any time, with no lock-ins and hidden terms.

Versa works like a savings account, but with returns on par with FD interest rates – and without the need to visit a bank. Once you’ve registered an account with Versa, you can then deposit an amount of money into it, which will be invested into Affin Hwang’s Enhanced Deposit Fund. Returns will then be re-deposited into your account and re-invested until you decide to withdraw them.

Versa allows you to start saving at a minimum of RM100, and it charges no hidden fees, including management, transfer, and exit fees. You can also withdraw your money anytime without penalty, with income distribution calculated up to the day of withdrawal.

Article link: https://ringgitplus.com/en/blog/investment/...abYeXgKSc5RxZKA

Versa link: https://versa.asia/

Don't know how to create a poll here, but here's the hypothetical..

If you feel a market crash is coming, do you:

A) Make donno, keep DCA. Rebalance portfolio at best
B) Do a profit taking now. Withdraw and keep bullets for market crash re-entry

Tomorrow I'll be withdrawing half my funds in ASB to park in SAMY and Wahed. wish me luck lol

on a side note...just for comparison purposes...

Affin Hwang asset mgt in Malaysia manages over RM60 billion (as at 30 June 2020) in assets for retail and professional clients.

Hi sifu2 kalian

Need ur advice

Am planning to sell all my ASNB and put it into Stashaway. It is in lower six digit starting from number 1 lol

It may not b a significant number to some, but its a significant number to me

Is it advisable to switch?

Thanks in advance!

Not wrong if you believe in AAPL, i believe in it too, but is it ok for you to be significantly exposed to just AAPL rather than choosing ETF which cover a basket of stock?

I believe in Maybank, BIMB and Tenaga  but i dont unnecessarily DCA and increase my exposure to this company

Since u mention Bursa, now lets talk about nasdaq listed cisco,it never recover to its previous peak even after more than 20 years. Even microsoft took more than 10 years to recover and exceed it previous peak during the dotcom buble.