First time? Depends on bank sometimes, usually first direct debit mandate takes a week.

My most recent investment deposit (18 Feb) already cleared buy order today.

Market correction and response to rising commodities + recent storm disaster in US. Don't worry too hard about it, pump in if you have cash but otherwise just hold steady

Yeah, haha, as many have said, time in market means more than timing.

But if newcomers see red and start to feel uneasy, have consider if the risk taken is too high for their comfort.

Can read about it here "Rebalancing and Re-optimisation at StashAway": https://www.stashaway.my/r/rebalancing-reop...on-at-stashaway

This post has been edited by DragonReine: Feb 23 2021, 02:32 PM

bored nothing to do lol

I'd rather predict 4D over trying to track and understand crypto

That's good for you and those who can stomach the volatility of crypto It's something I personally don't really care for, I'm not smart enough to understand crypto, it's out of my dependants' risk preference and I'm not aiming for super rich, just steady income. My investments is not just for myself lol

This post has been edited by DragonReine: Feb 23 2021, 03:50 PM

(stuff below is something I've gleaned from recent article about cryto trading, but it might be relevant here and to those who engage in day trading)

Section 3 of Income Tax Act 1967 says that income from digital platforms like online trading can be taxed. To determine this tax authorities will look to see if the investor meets the criteria of "Badges of Trade" test. Meet too many and your gains from investments might be considered taxable income

Profit-seeking motive: Was the activity carried out with an intent to profit?

Number of transactions: repeated and systematic transactions of buying+selling that can amount to trading activity

Nature of Asset: type, quantity of assets etc.

Existence of similar trading transactions or interests: refers to similarities between your expertise and your occupation with the activity of trading

Changes to the asset: changes to price etc. that makes it marketable?

The way the sale was carried out: is the sale conducted in a way that befits a trading organisation?

Source of finance: Assets purchased using debt/loaned money gets a red flag because you're required to pay off the loan, so profit becomes a necessity (profit seeking motive).

Interval of time between purchase and sale: The longer time between your buying and your selling, more likely it'll be seen as investment (not taxable) instead of trading (taxable)

Method of acquisition: Gifts and inheritance aren't considered trade.

Under tax eyes:

Constant short term buy/sell (say i buy this morning then sell tomorrow when value increase a bit, and do this many times over several months/weeks) are considered "trading" and taxable

If hold for medium/long term then is investment, not taxable.

Most likely the risk indices with equities because they're still equities, even though considered mostly blue chip companies (Amazon etc.).

Middle range about 12% to 22% SRI is the most "balanced" for the average person, who have some money able to invest and already have a solid savings and insurance plan

That's a reason why SAMY locks away risk indices higher than 22% unless you've got high savings and/or study the investing modules in SA.

higher risk doesn't necessarily mean higher returns https://www.stashaway.my/r/debunking-high-risk-high-return

This post has been edited by DragonReine: Feb 25 2021, 12:56 PM

36 30 and 26 have too many overlap in types of asset class to call it "diverse", all three have large exposure to equities based ETFs. SA doesn't actually have many ETFs they pick from, only different % of weight depending on SRI.

Would advise to chose a lower SRI portfolio like 20% or 18% which has less equities and more bonds.

Currently I have an 16% and a 36% portfolio, and like right now when equities took nosedive, can see that 16% still holding steady despite 36% swimming in red sea 🤣 so in the event I suddenly needed money, 16% won't hurt me terribly if I redeem some now.

Wait and hold, top up if you can Investment you need to ride the bull and hug the bear, hahahaha

but if dips like these make you doubt and anxious, maybe 36% is too high of an SRI for you, if you change 22% would be a good balanced SRI with exposure to both bonds and equities, less scary lows.

This post has been edited by DragonReine: Feb 26 2021, 10:14 AM

Coincidentally today is DCA topup day for me maybe if itchy hand I'll add more next week haha

This is the important part for any investor.

Never invest your emergency savings except in liquid low/zero risk places like FD/high yield savings accounts.
Prioritize your expenses and debts first.

If you attempt to invest money you don't have/money you need to keep yourself afloat, you're gambling, not investing.

VCA la DCA la both can get you where you need to go, important part is to keep your own path and invest based on your goals and knowledge, not irrational FOMO syndrome

This post has been edited by DragonReine: Feb 26 2021, 12:19 PM

Several months later once vaccine rollouts continue to build momentum and traveling+trading+businesses start to resume, plus all the stimulus money start working its way into the economy.

It's an investment platform that trades in USD (except for SAMY simple with is in MYR), so it's reliant on USD staying strong. If you think that's the case then SAMY is a relatively low cost place to hedge against ringgit volatility since its management fees are low.

If your goal is purely to protect your funds from any depreciation in MYR value, invest in the low SRI portfolios (6% or 8%).

Last week high mah 😅😅😅 confirm will red since bought high

I think almost all risk indices got around 19-20% GLD

but for 10% SRI only got 4% weightage for KWEB so don't worry about it small impact only.

This post has been edited by DragonReine: Feb 26 2021, 04:22 PM

Never had this issue from SA sign-up 🤔 could be your own school info leaked/hacked into lol