As a comp sci graduate who did machine learning for FYP... I am interested if thats true.

But I have really never seen StashAway said they are AI-based, even from site-specific search results. Did they actually say it?

AI is not magic k, as of now AI is only good for pattern matching, I doubt they work well in finance unless its for HFT, market making etc, which StashAway isnt.

I am pretty sure you dont know what you are talking.

1. Humans made the portfolio templates (6%, 8%… 36%).
2. When deposit, withdrawal event happens, stashaway calculates how to reduce the error between current and target allocation in your personal portfolio, then come up with a trade plan - this is called rebalancing.

Stashaway fees arent low, we are paying them to make the fractional trades and professionals to come up with the portfolios.

Make no mistake, Stashaway is not using AI to help us trade, they dont change the portfolios that frequently.

you can compare with this post

and the latest




if you got "time the market" you can profit geh... refer to this

a little bit to add on the FSI that you bring up.

If the gain is capital in nature, nope, you will not be taxed.

If it's revenue in nature, yes you will be taxed.

“What should be highlighted here is that this only applies to income. Capital gains that are not taxable in Malaysia will not be subject to tax. A transitional tax rate of 3% is accorded on the gross amount received in Malaysia from Jan 1, 2022, to June 30, 2022, and this is likely to encourage early remittance.

“Moving forward, where a taxpayer’s foreign-sourced remittances consists of income that is both revenue and capital in nature, it would be crucial to identify and segregate the income in order for the appropriate tax treatment to be taken,” he told The Malaysian Reserve (TMR).

He said tax deductions should be available for expenses incurred in the production of FSI that is revenue in nature.

"If the income stays overseas, it will not be taxed. What should be highlighted here also is that this will only apply to income. Gains that are not taxable in Malaysia will not be subject to tax," he says.

Hi David, thanks for reaching out to us.

Unfortunately, there is not enough clarity on the foreign income matter as the finance bill is yet to be issued by the Government. There is no further mention of what type of foreign source income will be taxed under this new ruling.

We are currently seeking clarification from our tax advisor regarding this matter. In the meantime, we encourage you to consult with your tax advisor as they would be more suited to advise on the best course of action regarding the newly implemented taxation regulation.

We thank you for your kind understanding. Should you have any other questions, feel free to reach out to us.

Well make sure that you can stomach the dips.

Healthcare and tech thematic so far is very volatile. Luckily the bonds and gold helps a bit in reducing it.

But so far so good. Eyeing the returns after 5 years or so. So fingers cross.

My coins on Luno are showing a hint of red. 

Hope I didn't invite unnecessary trouble over this zzz.

My mom is a Singaporean with her own Sg bank acc but staying in MY with us... But yeah dun really wanna involve her account in my transactions..

Oh well will rethink how to make my Sg savings do some work for me haha

Can he open that Ibk a/c with his sg bank a/c without his singpass?
He wanted to use his sg a/c for investment in sg

  :thumbsup: 
arslow, i hope the above post is informative for you,.....

i think he did mentioned earlier that he wanted to use his sgd in his sg bank,....

Wise website is this?  [https://wise.com/my/]

So basically is from mbb my to wise to ibkr right? I wanna use the cimb method, but need some documents from my company to open account (which i dont want to )

malaysians can open syfe, endowus and stashaway sg

lol, if it helps, i sold, and bought back cheaper as per the dates below. could've stayed out but the dead cat bounce fooled me. chart derived from yahoo finance and then generated using google sheets sparkline


--update--

no meltdown overall

To clarify, there is no difference between the investing strategy or transaction fees for one-time and/or monthly transfers.

Just to share that StashAway is built for medium to long-term investments, which encourages regular investment contributions and that's why we have the one-time deposit settings on top of the monthly deposit.

Our management fee ranges from 0.2%-0.8% per annum. We charge this amount monthly on a pro-rata basis, on the average Assets under Management (AUM) of that month. The average AUM also includes any returns made on the portfolio.

It is a tiered pricing structure so the more you invest, the lower the management fees will be depending on the applicable pricing tiers which you can find here: https://www.stashaway.my/pricing

This fee includes the cost of executing the ETF transactions, rebalancing your portfolio, and changing your asset mix when economic conditions change (also known as reoptimisation). There’s no additional brokerage, transaction, or any other type of fee.

ETFs charge, on average, an expense ratio of 0.15% to-0.25%.  ETF managers charge this amount throughout the year and automatically deduct it from the returns; this deduction is already reflected in the daily NAV that you see, so you won’t see this cash flow reflected in your account. You’ll incur this expense ratio on any platform you use to purchase ETFs.

There’s also a currency conversion fee of 0.1% on the spot rate each time we convert your funds from MYR to USD or vice versa, which is the preferred rate we’ve negotiated with CitiBank for our customers. This fee is much lower than what you will get with most commercial banks. To put this amount into perspective, currencies often fluctuate by more than 0.01% on any given day.

Hope this clarifies and do let us know if you have any further questions ahead!