I meant it probably won't help much in pushing the market up but it will help cushioning the fall

Find the cause and cure it. In the case, covid19, crude oil price war and trump administration

Just my opinion.

i thought market crash = >40% drop from highest peak

dont be surprise if its drop even further

many ppl/investor/institution/fund house are hoarding cash, specifically USD
hence strengthening of the USD

and that's why most of the market is tanking despite gov stimulus
they are waiting to enter the market

imo

VinaCapital shuts down Singapore-based robo-advisor Smartly

https://www.dealstreetasia.com/stories/vina...artly-2-181473/

Singapore-based robo-advisor Smartly is winding down its operations, a move it attributed to “intense” competition in the digital investment advisory space

Founded in 2015, Smartly was acquired by Vietnam-based asset management firm VinaCapital in 2019. In a notice on its website, the startup said its decision to wind down operations was guided by its parent company’s strategic considerations.

Smartly’s portfolio includes more than 20 exchange-traded funds (ETFs), and the startup charges its customers annual management fees of 0.5-1 per cent, and the underlying ETF fee charged by the ETF providers (0.1-0.25 per cent per year).

Smartly’s Singapore rivals StashAway and Kristal had raised $12 million and $6 million, respectively, in their latest rounds.

i wonder how well is stashaway doing

same as me.. initially wanted to put in more but cant find any financial report, the total user and total amount invested in stashaway

according to the article, smartly are in discussion with other robo, including stashaway for investor to move their account with other robo at 50% off

This post has been edited by xcxa23: Mar 26 2020, 10:31 AM

sorry about that
All Smartly customers will enjoy a 50% management discount for the first six months, up to the first S$50,000.

https://blog.seedly.sg/singapore-robo-advis...ent-comparison/

im doing manual weekly DCA
since sometimes will get dividend from stock
might as well bump up the amount using the dividend

actually what the article meant to say is investor attitude/reaction can affect the effectiveness/purpose of DCA

dca are meant to be carry out regardless of the market condition and regardless of your personal view.
but some ppl here including me will say ''i will DCA more frequently/more amount during this downturn or i will wait for the bottom only continue dca''
from the point of view DCA, that's the wrong decision/course of action as that defeat the purpose of DCA.

personally, i dont think dca more or wait bottom is wrong, as long as you stay in the market and emotionally stable/unaffected. most of the time, the amount for dca are not significant enough to make a dent on the average purchasing price especially when you already in the market for a long time hence ppl argue its pointless and worthless to waste time and emotion on it.

if investor are getting anxiety attack, stress, unable to sleep and any form of uneasiness due to market downturn, such investor are better off playing it safe, like FD or set up recurring DCA automatically and check on it once awhile

for SA
i just continue DCA weekly with higher amount, not much, only approximately 5% than normal. since its robo ai and its practically useless to time it since there's specific time frame for its buying procedure like unit trust

for unit trust
i am willing to sacrifice my unnecessary budget for investment, plus profit in trading stock, also price money from DMC 2nd price yo.. so i am able to collect much more bullet. approximately 30% and already lump sum all in last few days

afaik, 36% eft are mostly tracking the s&p500 index, apart from the europe etf

speaking from 36% which highly consist of etf with no bonds
if you join before the ''crash'', high chance you will in the red now. me included

if you join in now, high chances are you will see the green much faster than me
this is assuming that the ''crash'' are over

if you join now, assuming the ''crash'' continue, high chances the red you see is lower than me

we cant see the future, only prediction based on available information.
invest with the money you afford to lose

yup.. that is energy
there's forummer mention it is due to the crude oil price war


luckily its not huge allocation for it
the saudi said they will wage another price war on april

no
the allocation based on the risk

personally i prefer DCA for SA

there's no right or wrong, as long as you profit from it, able to sleep soundly, no stress, no panic

say your strategy invest max 100k in SA.
say you have 100k now and
if you predict/believe the market is rock bottom now, you dont want to miss it, lump sum all in.

or

if you predict/believe the market will drop more and you want to catch the fall, wait

or

say your strategy max invest 100k in SA
but you dont have 100k cash in hand now
so you have no choice but to DCA monthly/weekly/quarterly until it reach 100k


whichever method is up to you. its your money and you alone will need to deal with your emotion.

With turmoil continuing in corporate financing markets, the Fed expanded the scope of its asset purchases under its quantitative easing program and announced four new measures to grease the commercial paper, corporate bond, and even ETF markets.

https://finance.yahoo.com/news/fed-calls-th...-120121252.html

old news, approximately a week

ah yes, and unlimited QE

makes me wonder if the support for S&P500 will stand strong at 2.2k

This post has been edited by xcxa23: Apr 1 2020, 08:52 PM

https://www.facebook.com/groups/22492128117.../?flyingspaghettimonster=bookmarks

for those who are worry, join the stashaway fb group. the member consist SG and MSIA
although the admin is not associate with SA but sometimes SA staff will reply in the group

you are brave
SA dont have fixed procedure/processing date
sometimes it took them 1 working day, sometime 2 to complete the purchase

how long did they took to complete the sell?

tbh, im still sceptical about SA operation. no financial/sustainability report available for public, apart from their series B usd12m but thats it. how they handle it, operation cost, operating cost, earning from investor, total investor.

nothing

sure, our capital is hold by trustee but if SA does close down, how easy/hard to get back our capital, how long it will take.

so, for now i only allocating small portion in SA. 2k-3k montly

afaik, for smartly case, those investor are being absorbed by other company, including SA. not liquidate afaik.

ya. true enough. low AUM = low earning thru management fee

ah i see.. thanks for the info
i thought it was transfer of portfolio between robo, did not know it is literally ''force selling''

damn.. need to rethink my strategy