Yes, trying to limit the downside but upside is being sacrificed, the only issue is people investing at the higher risk is already aware of the risk associated with it or in other words should be able to accept losses if a crash happens but then again bad publicity and put off potential client from investing.

Anyone has actual experience in transfering from simple to portfolio? How long before the money is actually deposited?

Thank you for the information. I think i will stick to jom pay transfer from the bank now especially at current volatile market.

Remember cc has interest free period, so as long as it paid in full before due date, no interest will be incurred at all. You can time it as well to maximise the interest free period.

Also personal loan is based on flat rate instead of reducing balance for CC. Your 5-6% for personal loan is actually closer to 10-12 % effective interest rate based on reducing balance.

The way i see it, using CC could be useful for some if u want to standby some fund before your pay day, to target the dips

This post has been edited by backspace66: Jul 11 2020, 05:36 PM

Potential inclusion of tesla in s&p 500

https://www.thestreet.com/.amp/investing/te...-billion-shorts

A little uneasy if it is included in the index due to the bloated P/E and massive shorting position building against it.

This post has been edited by backspace66: Jul 13 2020, 07:50 PM

Nope, that is wahid

Ok, i thought he was asking about SA generally, tbh i dont see why anyone want to use only SA simple when the underlying fund easily accesible by the masses. Unless it is temporary before eventually transferred into the investment portfolio

This post has been edited by backspace66: Jul 14 2020, 05:43 PM

But why though , there are many other fund out there ? A quick browse through FSM, i can see many money market fund with as low as 500 for the initial investment. The performance is only slightly better compare to a lot of other money market fund.

Most comes with regular saving plan special as well.

This post has been edited by backspace66: Jul 14 2020, 06:16 PM

Quite expected since it needs to clear from the fund side. Even for transfer from bank account , the time taken from deposit to actual investment is quite varied for me, sometimes is as fast as one working day and sometime 2 or even 3 working day.

Anything related to group investing, i believe the amount you deposit matter less than the total amount being deposited in that day. SA probably wait for some minimal amount, to test that theory maybe try to DCA around the beginning or the end of the month after pay day.

Trying my luck, got a few months left before reaching 6.

Nevermind , i saw the TnC, it doesnt allow for existing account , only works if the referee has not signed up yet. So only we can give code to user who havent signed up.

So for anyone thinking of making new account, please do not make a new account until you got the referral, it is a win-win for both as fees are waived for both side


This post has been edited by backspace66: Jul 16 2020, 03:54 PM

Very low fees indeed.

IVV
https://www.etf.com/IVV#efficiency

SPY
https://www.etf.com/SPY#efficiency


Of course there are other issue such as brokerage fees and fractional etf. People who DCA with smaller amount though might still find SA attractive even with availability of those ETF.

Some might even try to make use of the robo portfolio action and mirror it themselves (if needed) outsidr of SA.

This post has been edited by backspace66: Jul 19 2020, 07:03 PM

I only have two, both of them are 36%. One is 80+ % US equity the other is the current iteration with KWEB and 40% exposure to US equity.

Yes, i didnt opt in for auto optimization. The US centric portfolio performs better for the last 1 month, but not a one to one comparison since not DCA at the same time and interval.

The current level has not consider 750 billion euro stimulus for EU. Most EU stock market is nowhere near their pre-covid level. Still some room to grow for VGK.

IJR (US small cap) is nowhere near precovid level. Same with IWS and EWU (europe etf,this one is from another robo).



This post has been edited by backspace66: Jul 21 2020, 09:21 PM

Although the stimulus is for EU, it will still have some kind of influence on market sentiment in US.

Although not available in SA, there is another s&p 500 pure value etf which is nowhere to precovid level (RPV)

This post has been edited by backspace66: Jul 21 2020, 09:32 PM

I am sorry uncle, seems i have to highlight this. Do you know you are investing in equity through SA? If i remember correctly you choose 26% risk which is 67% equity. Even the 14% risk is 1/3 equity.

I dont mean any disrespect, but please try to equip with more knowledge on investing. Last thing we want is some retired uncle lose their retirement fund.

This post has been edited by backspace66: Jul 23 2020, 10:53 AM

Still got a long way from pre market trading to opening.

Next week , US Q2 GDP and FOMC meeting, will set aside some fund to standby.

This post has been edited by backspace66: Jul 24 2020, 05:43 PM

Matter of perspective, if someone is invested in gold throughout 2013 and 2019 , it is pretty much stagnant through those years and if someone invested in the previous peak in 2011, they just managed to turn some profit.

If we take a look from last recession until now s&p 500 gain morr than 300% while gold even with the recent surge is only around 100% a similar return to something like ASB through the same period.

Gold is usefull for wealth preservation not wealth creation, which again boggles my mind on how it is even included at 36% risk. Luckily i still have the previous iteration portfolio.

This post has been edited by backspace66: Jul 24 2020, 11:27 PM

I like your confidence uncle. It doesnt work that way, if you transfer using jom pay on working day , normally the money will be converted to USD on the next working day and ready to be invested. Although occasionally, some of my transaction take two days instead.