They do if you are working in the US. I recently just came back after working there for awhile. So not using robinhood platform anymore because of the tax inplecation nightmare that I'll have to deal with. Way simpler just using SA for now. Until some getter alternative comes out.
looking at the snapshot, the 20% GLD weightage in our 36% portfolio managed to cushion the drop yesterday.
that said tho i am still a gold hater, haha! GLD is an awesome asset to hold now when the economy is so unsure of itself. but once this all blows over, GLD will just go back to being stagnant and other EQ will begin to rise at a higher rate.
however, maybe it makes sense for a dynamic model like STASHAWAY to hold GLD right now. later when the economy recovers, STASHAWAY would pandai pandai switch back to full EQ portfolio. so we're kinda depending on their system to time the market.
Curious what is the website or tool you are using for portfolio management with the picture you attached?
lol! its a English term GrumpyNooby. Its an expression for being very regular and serious about it. Pretty satisfied with SA so far. One thing to note about SA 36% portfolio is that altho it is diversified, but it still outperform the S&P500!
I had a schedule 4k direct transfer with them today. Instead of 4k, they debited 5 times of 4k transaction, totaling to 20k!!! WTH, imagine if I don't have money inside? Will I be charged over the withdrawal fee? I think we can seriously file a lawsuit against StashAway, there must be some sort of compensation for this.
This post has been edited by joshtlk1: Jul 27 2020, 06:27 PM
you mean you cannot delete your bank a/c from the setting as suggested by lee82gx?
if YES, then tis is BAD...... then when this is over do share with us whether the bug will stop "eat" when it reaches the daily transfer limit set by your bank?
I can't cancel too, what you can do is transfer all your money out from the bank tied with StashAway into another bank account.
Just got the email from Stahaway Country Manager, vouching to get the money refunded by 11pm latest tomorrow.
also...
"We’ll also be applying a voucher that entitles you to 6 months of free investing to your account for the inconvenience and confusion this has caused. This will be automatically applied over the next few days and you should be able to see the voucher in your app under More > Promotions."
They giving a small compensation for this shit show.
Exactly. Like just like that? Its such a serious issue affecting people's rice bowl