Recently uncle's son told uncle about this robo investor called stashaway. Uncle decided to give it a try and put in Rm10k to see how it works. Now uncle saw that stashaway is telling uncle that it has made a profit of Rm116.97. Uncle want ask other stashaway users, do you take out your investment when you reach a certain profit target or do you just leave it there?

When you switch to USD losses are compounded ringgit dropped by 2% from 4.06 to 4.14 hence dollar now is rising which is why your loss so much compounded your the market fall hence your losses about close to 30k after the last withdrawal with forex losses around 8k itself and fund losses about 22k which is about right if you’re on 36% which already 15% dropped from it’s all time high

You're actually looking at how MMF (and dividend paying shares) dividend payments+net asset value+reinvesting work, because Simple IS money market 😅😅 specifically it's tied to Eastspring Islamic Income Fund

Why you see variance in value:

1) As profit of the fund slowly increases, the profits reflect in the net asset value (NAV) of the units which goes up, this is usually calculated daily. So you see your investment value grow as profits increase.

2) on the 9th is when Eastsprings start payout their dividends, so what they do is subtract the profit from NAV to get money for dividend payment, so NAV goes down (value goes down) on 10th, and then the dividends are paid out based on the number of units you own. These dividends are then reinvested to buy new units at the lower NAV. So your value "drops" slightly but you actually now have more units then before, so in reality you've already profiting.

3) Repeat step #1 and 2#

4) You're actually profiting based on increasing number of units you get as StashAway Simple keeps reinvesting

Don't bother about the MYR/USD tab if you only invest in Simple, Simple is strictly MYR only, so no worries about USD (any difference in value you see in MYR/USD tab is based on current currency exchange rate, which goes up and down, since recently MYR value tank it gives false info that you're losing money on USD tab).

MYR/USD only becomes relevant if you invest in SAMY's portfolios because they're ETFs traded in USD

Stashaway Simple = Eastspring Investments Islamic Income Fund
https://www.fsmone.com.my/funds/tools/factsheet?fund=MYESIIF


Ignore the USD performance as this MMF is MYR only.  Unless you have SRI portfolio, then you might interest to view the whole performance (SRI + Simple).

The Value drop due to NAV diff each day.

date	net deposit	nav price	unit
3.3.21	368k	0.5192	708782.74
3.3.21	WD 30k	0.5192	WD 57781.20
4.3.21	338k (368-30)

8.3.21

dividend 0.0008 x (708782.74-57781.20)

9.3.21	338
9.3.21	WD 75K?	0.5185	WD 144648.02
10.3.21	263 (338-75)
12.3.21	263
16.3.21	263
22.3.21	263
23.3.21	263

net deposit = 368k - 30k - 75k
total value @ 23.3.21 = 0.5189 x (708782.74 - 57781.20 - 144648.02) + dividend

*sorry the total value not tally with the graph figure... please check back the transaction date and NAV then do the calculation again.  This is how Simple work.

View your transaction record at:
Stashaway > Transactions > Simple

1.  is there any rebate?
2.  WD30K does not means it will be 57781.20 units.  it could a bit more say 57800 units bcoz SAMY dunno the NAV when placing the sell order.
3.  Once the WD and sell order done, there might have some MYR leave in Simple account, SAMY will buy back the unit again if it more than MYR5.
4.  Since you have big dividend, the dividend MYR will auto buy back the unit.  You need to check the buy back date to trace the NAV.

my mistake on earlier post:
dividend actually is MYR0.0009 per unit.
520.80 not unit.  it should be RM520.80.  refer item 4 above.  dividend need to convert back to unit.

The dividend u get is RM 520.80, but you need convert back to units, should be 1k ++ units not 520. 8 units

MMF not so hard to understand

click all the buy order, dividend entitlement and sell order, there might have information on how many unit and it NAV.

I cannot get the dividend amount right, so hopefully others member can help.

S = Simply
C = Cash

Money market funds can actually drop, they are not savings or fixed deposits.

This blog article explains how stahsaway simple is affected by huarong: https://investmentmoats.com/money/huarong-d...cash-solutions/

Basically if got debt write offs, you lose money!

Direct debit is no good. Better schedule jompay or GIRO from your bank site instead.

if nothing happen is ok.......if something weird happen.......kasi debit until ur account become zero baru u tahu.......after that take a few day investigate n return.....that time u makan mee maggi aje.....

Did you factor in rebates by SA which will bring up the total

No matter how power of compounding and liquidity Versa beats the hell out of Simple anytime

July's dividend have not been paid yet by SA Simple. Need to wait until the end of August.

i didnt get
do share with us what GIFT is that 

How MucH u PUT in SA? Maybe for high net worth client only

I wonder what amount you need to put in to get such treatment? Seems SA getting desperate.

don't put too much expectation on that "gift". most likely just a planner for your daily needs. full of motivational quotes like You Shouldn't Worry About Short-term Volatility

unless it's a gold bar to cover your losses 

Or a paper invitation to watch their online webinar 😂

i didnt get
do share with us what GIFT is that 

must be BIG investor .........big capital .........

how about the ETFs in SRI 36%? will "reinvesting" help evade the 30% tax?

SA simple will take 3 business days assuming you send the transfer order before 2pm. 1 day to sell, 1 day to exchange to USD, 1 day to buy ETFs. I don't know how fast FPX is, nor if there's any cutover time

Of course methods 2 is faster bcoz direct top.
Method 1 gonna wait their send redeem n money reaches baru buy.
Save time, use method 2 if u got extra money and on the same time redeem from simple.
No save currency exchange bcoz ur money still in myr 😁

In terms of FX no difference because Simple is in MYR

Fastest way would to FPX as it would take 1 business day itself quickest to set the buy order for 26% SRI

It will take a week instead because Simple redemption time itself will take at 3working days 

FX conversion and buy order itself can be on the same day if you know how to deposit right

this for you to find out, then update us maybe try 1 time 9am & 1 time 1pm and let us know. don't feel like asking SA whatsapp, or maybe i should

yeah

Withdraw I not sure, may b.
Deposit I normally perform b4 11am. I wanna try 1pm or 2 pm oso can

I suggest you to do to before mid day as that’s when the best time to locked in the days rate 

Silly as oth it is more buying opportunities coming up as the market depressed hence cheaper to buy rather than buying high and selling low

Just wait for signs soon for KWEB to go up in 50 range

Rather than topping up better set up another portfolio of 26% to better track the performance 

USA stocks really meltdown. Feds want the stocks to tank. probably hold on to cash first until they max out their interest rate increments next year.

Didnt receive.
U were inactive in SA ?