Same here! I park my funds in RHB Cash Management (in FSM) which gives similar returns. So unless, parking my funds in StashAway Simple means i can 'immediate' top up my regular StashAway funds from there, no point having 2 parking accounts.

but still, StashAway Simple is a good avenue if one is looking for something better than FD.

Invested since July 2019 in 36% highest risk portfolio:
TWR: 5.7%
MWR: 27.3%
ROI: 7.6%

The MWR quite inflated coz starting from Feb 2020, I decided to quit P2P Lending and gradually transfer all the repayments to StashAway. Ngam ngam market crashed. So you can say I 'accidentally' timed the market.

Answer:


https://www.jompay.com.my/biller-codes.aspx

This is my current screenshot for the current asset allocation. I rejected the optimisation and still exposed around 70++% to US stock market

IMO, it depends on market,
there are lot people tend to favor ETF over mutual fund and put mutual fund in a position that doesn't worth investing
but in fact, mutual fund is not that bad IF
you know how to pick on the right fund (do your due diligence on the fund's past management performance    )

i would take the funds in Malaysia that i familiar with, as example

For US market, IMO ETF is better, I dont think there is any Malaysia fund that investing in US market, which get better return than ETF

For MY market, since Malaysia ETF volume is soooo low, yeah that's why you have Eastspring Small Cap funds which get up to 10+% annual return rate if u invested 10 years ago, I would say the result is pretty good.

https://www.fundsupermart.com.my/fsmone/fun...-Small-Cap-Fund


For China, previously I was eyeing on a Greater China fund which IMO the performance is quite impressive these few years
https://secure.fundsupermart.com/fsm/funds/...China-P-Acc-SGD



thou not apple to apple comparison, but if solely looking at performance, it is performing better than KWEB
KWEB as of date 5-Y annualized return is 6.12% (source), UBS greater china funds 5 years annualized returns is around 12%
KWEB as of date 3-Y annualized return is 4.80%, UBS greater china funds 3 years annualized returns is around 16-17%

The problems of mutual funds are
1) there are too many funds to be selected, not everyone know how to pick and research for good funds
    - therefore the reason why these years Robo is taking up the market, no research required, index based, easy peasy
2) none-knowledgeable agents,who dont care if u earn, dunno how to pick good fund for u either
    - therefore we have lots of funds investor complain their funds are not performing (how to expect performing when your funds aint good fund in the first place)

I see no problem for XLY, XLV and IJR since those are part of the bulk of other portfolio. What i can see as well , they are no longer executing any buy for XLE(at least for my case), and almost 20% of fresh fund was not allocated to any investment (in cash) for 2-3days after confirmation on the deposit. Although 80% of the fresh fund is executed on day 1 itself.

Btw, this is latest deposit. 80++% allocated to US market.

That is for my second portfolio which is at 36% risk as well, i am trying to adjust my exposure to certain market, since we are not allowed to do so as the target weightage is fixed by SA. So my workaround is multiple portfolio.

This is how i workaround the systrn; no auto optimization, whenever there is a reoptimization suggested by SA, i will review and if i dont like it, then reject it. Afterward create another portfolio ,if u create another new portofolio after the recommendation of reoptimization,then it will follow the new one(again only for the new portofolio). The original portfolio stays the same.

And then if you want to adjust exposure to this newer portfolio you can just transfer between the portfolio, basically transfer within SA.

StashAway need above 90% to unlock the riskier index?

I scored 75% in 2 hrs 🤣, hope they accept my result.

SA thinks you are rich enough so no need quiz

Since Simple underlying is just Eastsprings Islamic income funds
you can get the answer by searching the fund performance move in YTD on FSM

Bloomberg ones should be NAV (price) chart, not a performance movement chart

NAV price chart will tend to have a ZigZag pattern because of the income distribution

since SA is lacking transparency without disclosing their AUM, what gives you the confidence to continue with SA especially having 5 figures?

5 figures isn’t confidence from my end, I see it as a gamble I am willing to loose. 6 figures would be confidence.

More users need to ask the pertinent question of AUM. As long as SA does not disclose it, I doubt investors will maintain 6 figure funds with them.

Take Moneyfarm as an example:

https://www.businessinsider.com/robo-adviso...017-8?r=US&IR=T

Based on what they said in 2017 above and reality in 2020 below (they still disclose AUM though unlike SA)

https://citywire.co.uk/wealth-manager/news/...m-loss/a1396193

I like their fin-community engagement and user interface. It is one of a kind in Malaysia. But it is important that they disclose their AUM for the users to make fact based choices.

I would not be interested to put in 6 figures if it turned out that the average ”active” user (not just people signed up) has lower 5 figure AUM (1xxxx)

Just sharing the good analysis for timing market vs time in market DCA.

https://www.youtube.com/watch?v=UQ8QXxcToYs&t=65s

May want to consider TradeStation Global (USD 0.007 per Share, min. ~USD 1.5 commission per trade or ) if you hasn't invested via FSM SG route yet. I'm not sure about their SG counterparts but I've had my fair share of experience via FSM HK for US stocks.

I started my first ETF via FSM HK as well (I was in Hong Kong so was able to open HK account rather than SG), and while I deemed the brokerage fee to be "reasonable", but it is crazy when you compare to the likes of TradeStation Global (and thankfully I only bought 1 US stock so far ).
1. I forgot the exact % that they charge, but my transaction worth US$730 for 20 units x 35.36usd per unit costed me USD$22.80 USD in fees via FSM HK. Via IBKR it will cost me ONLY US$1.50.
2. Dividend Handling Charges - HK has it, pretty sure SG have it too (I hope I am wroing, check with them.). HK charges me US$2.50 for each dividend received, so far most of my dividend receives (after 30% US withholding tax) arrives around ~US$2.6 to US$3.1; every dividend FSMHK will take US$2.5 nett. So far I have received 3 dividend and they're worth nothing (based on my calculations, I only received ~11% actuals after withholding and FSM fees)
So not to hijack this thread - you can find out more here: https://forum.lowyat.net/topic/4843925/

Hi there, first of all - thanks alot for sharing your experience!

I know it sounds stupid but I personally can't cope with my assets being handled by IBKR - that is not backed by US government (FDIC) if I reckon. I know it's backed by other authorities but it really is just my personal preference.

As far as I know about FSMOne (SG), I thought the fee was USD 9 per transaction, yours was 35.36 per unit?! That's almost as much as local banks' fee!

TD Ameritrade (which is FDIC backed) just recently replied my application for further documentation - hopefully things are closing in and I'm able to get approved in the short time - the only fee here is probably the Wire Transfer fee from MYR to USD (local bank to Wells Fargo to TD Ameritrade).

That said, I've also opened IBKR simultaneously (yet to fund it), and have been approved, just need to fund to start trading. Minimum balance was USD 10,000 or something (iirc, forgive me)? And there's inactivity fee right? That's quite hefty for a small capital retail investor like me 

Happy to hear your thoughts and correct me for my errors above.

Cheers!

Thanks! This confirms my suspicion after all they are affiliates. Had the same face-palm moment when I found out from my HK statements

I have moved most (if not all) my foreign funds to IBKR (TSG), leaving only the stocks / funds which are in red sea

Unfortunately I'm stuck with them until either I can travel (they only allow stock transfer with physical presence + signatory), or I sell at loss (and incur fees again) then buy back the shares from my IBKR (TSG) account

I didn't touch their "pro" desktop application. Using Web-app and also Mobile-app of IBKR, both are very user friendly and I didn't even bother to touch the desktop app (not user friendly for average investors, maybe more for institutional users)

Nothing much that you can't provide really.

If you not qualified to complete the Customer Account Review (CAR) then need to take SGX online quiz and just screenshot the result (entire process takes 30 mins if you copy online blog answer).

Additionally just confirming a few personal and financial details, correcting tax numbers which I filled in wrongly and that's all.

However that said, I'm back to exploring my IBKR account ( which is ready), on a second thought I might be using IBKR right now - 0 inactivity fee as long as net worth USD 1000 above at all time - plus very cheap FOREX/transfer fee at spot rate.

I've already funded my CIMB SG account which I just opened today, waiting for activation code etc.

Cheers

as I know dividend no tax even if repatriate back to Malaysia.
if I re invest sure no tax cause the dividend was earned overseas and never bring back to Malaysia. also depends which country as Malaysia may have DTA with them.
this is true until 2026 for individuals.

anyone using stashaway to buy US T-Bill or US Govt bond?
Hows the return like?

Bond ETFs have 0% WHT previously. So usually we kena 30% first, then the October next year, we get the refunds.

Now US wanna tax distributions from US-listed bond ETFs, regardless of which countries the coupons are paid out of. So they switch to Europe/UK traded UCITS ETFs.

However this can mean lack of liquidity, for instance BB3M macam got < USD 100m fund size.

IBKR should not be affected because of their brokerage incorporated in the US while Stashaway is using Saxo which doesn’t have any incorporation in US and doesn’t hold any brokerage license in the US hence IRS is gunning for them because the new rules in place for the global minimum tax

So in future always make sure that your broker has a brokerage license in US in order for less headaches particularly with WHT otherwise just buy LSE or Irish domiciled holdings