ok,....your life, your choice
no right or wrong to those who believes it

have to stop too,...too off topic already.

Just recalled, the repeats of auto debits happens with my insurance premium some yrs ago... It happens during the merging of their system with the one that they had taken over...
My insurance policy were with the one they had taken over.
2x deductions from my credit card... Noticed the error, upon reviewing the cc statement, informed the insurance company, they refunded it. Nothing more

not sure about others...but for me, i am much more acceptable to the incidents of website down than unauthorised withdrawal transaction especially to the extend of emptying my bank's a/c and lagi worst is i had no way to "stop" it from re occurring of happenings after i discovers it the first time.

i don't think they will or required by regulations to provide detailed explanations to the general public about the specific causes and specific corrective and preventive actions taken.
Those would have been given to the regulatory bodies.

i think their remedial actions to be taken will includes results from reviewing data they will be compiling (or should be compiling) on the numbers investors closing their a/c or withdrawals leaving just XX% in the a/c since the auto deduction fiasco.
if nothing much changed or it changed within expectation,.....then i think no much remedial are needed

maybe that is why they have this developed....
new ISO/IEC 17029 provides requirements for independent verification and validation.

sometimes, when i am free, i used to read those requirements with the intention to gather info and do a gap analyses to see how my workplace fared in comparison to the actual standards of various subject matters...
almost all the time, we did not go thru 3rd party assessment.

What about those abt reaching their targeted investment duration goals? Ex: just e few more years or 1 Yr or less than 2 yrs before reaching their investment horizon of 5, 10 or 20 yrs? Should they still maintain holding on to 36% risk? Or should they reduce their gas pedal?
Sort of like trying to protect that accumulated money from incidents that could happens in the end of their investment duration goal where it could be funds needed for children education uses.

This post has been edited by yklooi: Aug 5 2020, 04:41 AM

seems like the articles from your links abt Financial planning for fresh graduates in Malaysia has no mentions about suggesting to buy insurance products wor....

your earlier post mentioned...."Those that use Stashaway should be willing to leave the money invested for 5, 10, 20 years."
thus my post was refering to the horizon time frame like 5 yr or 10 yrs and not so much about nearing retirement age...

the money in SA could be meant to save and invest for a new car, children education funds or something like this at the end of the intended investment horizon.

any investment experience before? previously where did you park your money?
what is your expectation of SA Simple?

This post has been edited by yklooi: Aug 6 2020, 09:46 PM

thks...was just trying to confirm that i am not "micromanaging" it as per your earlier post.

if you want to put in "IF'
then what if the coverage is not enough?
what if the incident is NOT covered?
what if ....

in the end IF thing really happens, there is Govt hospital to go to......our hospital is way much better than others too.

any way,...this is for the other thread liao...before others make noise...

while waiting for responses, you can try this....
THE ULTIMATE GUIDE TO 11 DIY INVESTMENT OPTIONS IN MALAYSIA
https://www.mr-stingy.com/diy-investment-options-malaysia/

is the currency conversion rate the same??

then how much is the variance between your tracking instrument from the SA apps?

so that means the above still not solved?

This post has been edited by yklooi: Aug 10 2020, 08:24 PM

will re-optimisation or rebalancing during each time you deposit, withdraw, get dividends affect that non SAMY app tracking

maybe this can help soothes your anxiety?
Smart investors know that stock market crashes are a part of life. But predicting when they'll happen just isn't something people are very good at.

You don't need to be able to predict market crashes in order to be a good investor.
In fact, Warren Buffett, arguably one of the world's best investors, said: "The years ahead will occasionally deliver major market declines -- even panics -- that will affect virtually all stocks.
No one can tell you when these traumas will occur."

But Buffett also knows you don't need to be able to anticipate when a downturn will happen in order to make money: "Predicting rain doesn't count, building the ark does."

If you build your ark by following sound investing principles, crashes shouldn't phase you because you can count on your investments performing well over the long term. So don't worry if you can't predict them: You don't need to in order for your finances to survive as strong as ever.
https://www.fool.com/investing/2020/06/19/i...ownturns-h.aspx

If you keep on vca every time there is a more than 2% drop....
Do take note that your ratio of 60:40 cash may change drastically unknowingly and
Do you have intention to "unload" some of your holding nearer to US election as you mentioned s&p is all time high?