I believe it's now possible to set auto deposit and auto invest on IBKR, all you needed to do is deposit MYR into your linked Wise account monthly.

If you already have IBKR account and the knowledge to do so, there's really not much reason to look for local brokers or let Stashaway handle it. Local brokers will never be able to match IBKR's pricing unless they eat the loss and offer promo rates. As for Stashaway... personally I think the fixed fee charged when the market is trading down or sideways for years can affect my decision making, so I personally don't use it.

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This post has been edited by Hoshiyuu: Jul 8 2023, 01:42 PM

Hi friends, it's been a long while. Just sharing for reference... after being in SA for about 1 year, I exited fully from Stashaway and switched over to IBKR to buy VWRA (ETF representative of total international large and medium stocks) every first week of the month, no selling at all.

Portfolio returns (USD TWR) are 1-year: 12.48%; YTD: 16.80%

Fees are 0.22% p.a. ETF ER; RM5 flat + 0.35 USD monthly (MoneyMatch fee and Broker fees.)

It's not exactly apples to apples, but I hope it can be a good reference point for comparison.

This post has been edited by Hoshiyuu: Nov 28 2023, 08:28 PM

Saw your statement and thought that sounded too good to be true, so I got curious and went to check - turns out you are right!

I am sitting on a little past 20% CTR since I exited Stashaway and went fully DIY around the start of 2022. And this is through lots of ups and mostly downs, like losing my job for a few months when the market bottomed out and couldn't continue investing until the market has mostly recovered.

Not bad for a simple portfolio consisting of entirely one single ticker for the equities part if I do say so myself!



This post has been edited by Hoshiyuu: Mar 26 2024, 08:12 PM