Got a question, say i pass away suddenly(touch wood) and have no written will. Can my spouse get my investment from Stashaway? What procedure ah?

With the i-Lestari going on now, do you guys think it's sensible to withdraw Rm500 from EPF account 2 every month and deposit into SA?

It's not a huge amount but i might forgone Rm300-Rm600 of interest considering 6% PA return in EPF for 2 years. However, with the current US economy trend, it's possible to have 15-20% return in 1-2 years.

So guys, what is your opinion?

I'd like to think no investments are risk free.. with the exception of FD. They mentioned volatility, but with no clear elaboration.

According to the introductory post, I understand the higher the risk profile, the higher the projected returns. And you were right, these 'expected returns' are definitely higher than FD rates (even ASB for that matter).

However, in the unfortunate event that the markets go downhill, what kinds of losses am I looking at if I set my risk profile to be, say, 20%? The website says if your profile is set at 20% there's a 1% chance you have 20% losses, which sounds pretty alarming.. Let me know if I misunderstood incorrectly..

he's right to be mad on non professional actively recommending SA, that I agree.

For my emergency saving i put in ASB. Capital guaranteed and ~5% profit at least

Still fighting the urge to take out the emergency fund to dump in SAMY lol

with samy this shouldnt even be a consideration i feel. else it defeats the purpose of the robo advisor.

Can't stop myself to check the performance everyday. For long term investment, really need close eye, close ear, close everything and dca

I think you meant "rigorously".

hey, you may continue with your auto debit practice for however long you want.
for me, i don't trust it, that's it.

not saying they are not wrong but actually, emergency funds shouldn't be in SAMY in the first place.

To all the people overeacting, complain to SC if they don't refund by 11PM tomorrow. Why would you complain now?

When dealing with tech, shit happens and at least SAMY has owned up to it and promised to rectify to status quo. As a business, they've done what they can and they will learn from this to ensure it doesn't repeat, because a repetition will be the end of them. But prematurely complaining to SC now does no good. In the worst case, you want to be left with Wahed as the only other option? I wouldn't.

lucky i still practice manual way
else i straight go SC already..no need lodge complain

No to me being in the tech and financial sector. Yes to the rest. The error from SAMY has been noted and if it repeats, then I'm all in that it is unforgivable. As a one-off? If they promise to rectify and restore to status quo and if it means I just have to pay the interest % on a slightly late CC payment then I can let it go this one time.

You've done the right thing: If you've lost confidence then take your money out. But don't ruin it for the rest of us. I planned on doubling my DCA from August onwards and will stick to that plan. If things blow up in my face down the line, then by all means you can gloat.

Lol sit down and relax guys.

SA already rectify the problem and acknowledged. What more do you want?

They say will refund the. Just wait lah.

In this digital era, error can occur even its not suppose to be. Can be human error also from curlec. Why everyone is aiming SA? Why your bank also slacking? Never inform or auto block?

Why not look this issue from another perspectives. SAMY actually did a quite good job here. They notify the customers and giving out vouchers even is not entirely their fault. They are the receiving end, not the one who did auto debit.

Also this show how SA is responsible toward the cutstomer. I felt  safe to invest via SA. Better then some others who delay in recognising the problem, or worst gone into thin air.

You all can lodge report to SC because they are regulated by Sc.

And you want 1 for 1 refund? What do you mean? They debit 100 they should’ve give you back 200? LOL crazy or what

And whoever think Wahed is stable the SA really lol.

Also those who think raiz is a better platform also lol.

Invest what you know guys.

Just recalled, the repeats of auto debits happens with my insurance premium some yrs ago... It happens during the merging of their system with the one that they had taken over...
My insurance policy were with the one they had taken over.
2x deductions from my credit card... Noticed the error, upon reviewing the cc statement, informed the insurance company, they refunded it. Nothing more

Yes, I want them to put their money where their mouth is. Don't tell me it won't happen again. If it happens again, pay out of your own pocket. That's reassurance. And why not? They have insurance system right? We should be benefactors, not just risk bearer. Push 100% risk on customers for vendor fault is surest way to lose them.

Imagine today, all your Stashaway is in the Red (like mytheo). If this "error" occured, I'm sure you would be a lot less forgiving. And yet, this could easily have happened. For me, I laud them for the money making (hooray) but this episode.....makes me think 100x about recommending them to anyone I care about. ANd I have recommended so many....

Where would you be moving assets to? So far FSM & SAMY are my main, where FSM is heavy on Tech & China, & SAMY on US equities.

i think you can still leave small % of your entire portfolio in SAMY, afterall, those money invested is already in, just don't need to have any future deposits? What do you think?

maybe some of you may still having the thoughts of this > if they can screw up the auto debit, then how can i entrust them to handle my money? right?