Good time to top up. Inflation marker higher than expectation.

SRI 6.5% to 12.5% is kind of sily.

The benchmarks is lower than FD interest rates . They are lowering the bar so much.

I believes many just prefer to focus on the actual performance rather than look at benchmark...

Benchmark can be set low so that it will always beat it.
Even with benchmark, there is no legal binding that it had to follow it performance.

The current discussion was about performance

That is probably why he said "silly"

Why you are so modest? You used to be seen to know all

Then I guess it is common sense too as to probably why he said "silly"
When referenced to highlighted.

I think his word for silly imply if " just afraid of losing money or for wealth preservation purposes, .... " FD could be better suited than using that 2 SRI

On average, real inflation eats FD rates for breakfast. Currently interest rates are relatively high while The Fed continues to raise interest rates, negatively affecting equity markets overall. 2023 still looks rather choppy and will certainly affect StashAway's performance across the board.

Agreed to some extent but there is still partial exposure to equity markets.

Wew luckily SAMY sold all the finance related ETFs. The 10% gold is carrying the portfolio now

did you lose money and was hoping for a turn around??

image sourced from
https://www.stashaway.my/r/returns-since-launch-YTD-2022

...and here's the main guy himself  I got out while still green after they did the genius move of exiting the US ETF market right before they boomed. That was when I knew they didn't know shit and were just glorified stock pickers. In my exit survey I told them they were idiots for getting out of the best market in the world just to pivot to China. I was proven right when they bought at KWEB's peak and then exited it at its lowest point as well. Meanwhile almost all the US ETFs they dropped went up as high as 100% or better. How many times have they bought and sold since then?  But yes, keep regurgitating that marketing drivel from SA as if it means anything. Even the sinkies are laughing at you at paying a very high management fee to incompetents who are good at losing money. It's not like they fired 14% of their workforce last year because they can't make money right? 

Depreciation of Currency is SA Fault?? 

Then tell me what are the USD returns? It's not a hard question is it? Even you realize them using only MYR to benchmark returns is downright dishonest. Which is kinda funny.

Discussion doesn't have to be vitrolic, calm down friends.

Though, my personal two cents is that Stashaway's annualized return infographic can be very misleading to some extent?

Their numbers are very optimistic and not very representative of real use cases, and their methodology is not fully clear, there's plenty of way to fuzz the numbers to make it look a lot better than it is.

For example, in the returns infographic, it does not take into factors such as
1. Stashaway Fees
2. Reoptimization
3. Deposit/Withdrawal timings
4. USD/MYR forex returns

Most of their returns are still from the initial inception bullruns and lucky successful reoptimizations, on the flip side, anyone who's been here from late 2020 onwards would still be looking at a sea of red for god knows when to come, so I wouldn't be surprised if tension runs high.

Ultimately, fund performance within a 2-3 year window are far from a useful judge of a portfolio performance - seeing that the average investor here probably has a horizon of 20-30 years.

My take is always judge Stashaway for everything surrounding it except their performance - is their fees good? Is their investing philosophy sound and aligned to your interest? Would the alternative to Stashaway (to you) is just not investing at all?

When I evaluated it for 2 years, I've found Stashaway incompatible with me - I love how easy it is to set up a reoccuring deposit and forget about it - the truly "Stashaway" nature of investing. It's great that to some people that would have just let their currency rot in their back for 0.25% interest, Stashaway is incredibly straight forward and encourages "set it up and forget".

But, I dislike their reoptimization and stock-pickiness nature, their crazy KWEB sector tilting saga (which was not indicated to me that this is going to be a thing before I started their portfolio), their slow deposit to investing period, the MYR->USD conversion process, their almost misleading fee structure, their app changes and fuzzing of words and numbers during bearish times, the messy MYR/USD return values, and fortunately for myself, I have access to alternative ways to invest in a fashion that's more aligned to what I have in mind.


But above all else, I do not judge them for their returns in a 2 year period out of my next 30 - that's just plain silly, in my opinion.

The thing is time in the market is something that people keep repeating without understanding anything about it. It means buy and hold. Which is not what SA is doing at all. They tikam buy random shit based on the overpaid fund managers they hired and then sell everything, only to repeat the process every year or so. Now what they're doing is called timing the market. Which is the exact opposite of what you want to be doing when investing long term. The reason why they're doing so is as you said in the second part, they're overpaid fund managers and they want to be seen doing something so they can justify their ripoff fees. In doing so, they lock in their bad bets and losses so you can never recover in the long term even if the market averages 10% returns per year over the coming decades. Do they really care? Not at all since their almost 1% fee keeps chugging along regardless of how poorly they perform.

Also time in the market almost always refers to investing passively and consistently in ETFs/mutual funds that track the S&P500 or the market as a whole. It doesn't mean randomly buying shit and expecting it to return money consistently, though those bets could pay off if you're Warren Buffett.

To me stashaway oversold on their capabilities and did not deliver.
They were also wrong in their bets.
Example of their marketing and how it differs to reality.
Also they tend to inflate the returns

I don't know how they manage to make the gains positive in the app despite it losing money.

In hopes of beating inflation over the long term.

While I don't judge SA using short time period's performance, I disagree with using MYR to judge SA's performance.
SA converts your fund to USD before investing (except for Simple), so it only make sense to judge SA's performance using USD.

Otherwise, the performance is masked by currency fluctuations.

You can use MYR to see how much you will have at the end of the day, but to judge the performance, it should be in USD.

Your ikbr all buy hype stocks???

I cincai buy US individual stock also can breakeven eventho i bought hyped up electric china companies

But Nvidia, google, meta, schd all pulled me up so high

Those hype EV shit stocks ruined my portfolio

Should just go all in US big techs n stable dividends also

Wont go wrong or die