QUOTE(chenkiong @ Jul 27 2020, 01:55 PM)
Afternoon all sifu, im newbie here. start invest stashaway since octorber 2019. till now 10% return. i had few question
1. Will this stashaway collapse and our money sink in sea 1 days?
2. If no, where can i get my money back after stashaway disappear
3. Im chinese in malaysia, which no entitle to any bumiputra benefit like asb. Stashaway give me a very bright in sight, i plan to deposit every week into it like many sifu suggest. Around Rm50-100. So in long term i get interest return. Is it ok to do so?
4. Can i put my 25% saving into this stashaway? im just worry hard earn money going to sea bed.
Thanks you sifuS
for q1 and q2, refer to stashaway FAQ
"What happens to my money if StashAway gets acquired, goes public, or closes?
Your money is kept entirely unmingled with StashAway's finances. To ensure that we never touch your money, we use custodian banks that hold your money, whether it's in cash or in securities.
StashAway has made it a top priority to work with global, reputable banks for these purposes. Our custodian bank for receiving your deposits is Citibank Berhad, while Saxo Capital Markets Pte Ltd is our custodian for your investible cash and securities.
In these custodian institutions, your assets are always in a segregated account-- one that is separate from StashAway's operations and assets. This means that you will always have full access and claim to your assets no matter what happens to StashAway."
for q3 and q4, really depends on your risk appetite, if you can stomach the the fluctuation of the market, then you can put more.
my general rule is that have a bucket of emergency fund (3 - 6 months), then allocate the amount which you think is not needed/will not feel pain if total loss, into investment.