Can see USD and MYR vast difference in my portfolio 😅 Whatever I invested in past 6 months grown weaker in MYR compared to USD growth

can, but they'll covert to MYR first before withdrawal so the usual currency conversion loss applies





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Ah yea, I asked before, they classify as transfer because it's "within" SA, so it's technically transfering between portfolios since Simple is another investment portfolio, just low risk. IDK if it's different for Singapore version, but Malaysia version is like this.

Withdraw then is direct to bank account le.

This post has been edited by DragonReine: Dec 16 2020, 01:02 PM

np, it's probably a legal thing because withdraw implies it'll be kept as cash form, which Simple isn't 🤣

Hmm, 7 months is really not great for investment regular SA portfolios regardless of risk index because unit values can change a lot during 7 months and it's not long enough to really see the effects of compound interest. Did you manage to get any profit?

if you want to withdraw in less than two years and use it for something, better to save in Simple, at least it's better than most fixed deposit. If you REALLY want to take risk you can invest in 16% portfolio, but chances of making a loss within that short period of time is quite high, which is not good if you're planning to pay for something using that money.

This post has been edited by DragonReine: Dec 17 2020, 03:14 PM

So far my transaction normal, no fast sell/buy like you mentioned, my units owned still tally (no changes in no. of units).

What did their customer service say to you?

If you want to make it as passive as possible and don't want to think too hard. Spend less time to check and re-optimizate your portfolio.

I have it auto enabled and it only re-optimizated once earlier this year for me for a few portfolios. SA generally doesn't re-optimizate too often, because with currency changes and you'll lose money in long run.

This post has been edited by DragonReine: Dec 18 2020, 04:55 PM

My mistake, sorry 😅😅 I meant re-optimization.

https://www.stashaway.my/r/rebalancing-reop...on-at-stashaway

PIDM only protects savings and current account deposits. Investments aren't protected, even regular bank fixed deposit isn't protected because it's considered an investment account. Edit: Sorry PIDM protects fixed deposit, I somehow missed that.

SA if closed or acquired, their trustee will "refund" to you by selling your units and returning the value to you.



Investment in only high risk portfolio is risky, that's all. You won't lose all your money, but you must be prepared that if one day you need to withdraw money and that portfolio isn't doing well, you may lose a significant percentage of what you've invested.

If you're going to invest only in the 36% portfolio, it may require several years before you see any significant gains as compound interest works its magic.

This post has been edited by DragonReine: Dec 30 2020, 10:18 PM

I stand corrected, my bad.

This one is 10th Jan update.

Can trade, cannot be used to buy things here

based on observation, SAMY are relatively conservative traders, so unless they see solid data that can convince them to invest in BTC, they most likely won't put it in their products

The TLDR version of government stance on crypto+digital gold is that

1) it's not recognised as legal tender (i.e. can't use it as official medium of payment)
2) it's NOT illegal (means they allow you to trade/invest/mine crypto)

no indication that it'll be banned in Malaysia so far

If you really need then cash then maybe

otherwise better to leave it and let it grow from compounding interest

DCA is mostly a psychological trick to make you less emotional about ups and downs in market

Some people are scared about investing in one large lump sum because of the risks and scared of sudden drop. Then DCA may reduce that anxiety.

Some people don't want to think about timing the market, so they use DCA to make things automated.

Although mathematically and real-world observation shows that lump sum, on average, gives better returns than DCA, some people cannot or will not take that what they may view as a giant risk.

Both get you to your goals if you give your investments enough time, just one might be slower than the other.

This post has been edited by DragonReine: Jan 29 2021, 11:32 AM

1-2 business days after that cash has been converted to USD for investment portfolio

This post has been edited by DragonReine: Jan 29 2021, 01:50 PM

StashAway main selling point is how little thinking power is required, provided you trust StashAway management+AI technology

personally I choose StashAway precisely because easy to get diverse portfolio with US exposure without the need to choose and pick individual ETFs, and fees are relatively low

10% conditional high interest savings account, 20% in StashAway. Bonuses/extra money all goes to StashAway.

I also invest in UTs through EPF.

They will most likely ask you to go through their academy module on personal financing and investment basics on SAMY app. Have to watch the videos before they allow change on Malaysia app.

This post has been edited by DragonReine: Feb 3 2021, 11:26 PM