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lovingforyou
post Jan 13 2021, 11:29 PM

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I trying to setup DCA on weekly basis on every Sunday on my 36% SRI by setting up schedule one-time deposit in SA apps
Quite new in this and did follow here for weeks
Does any suggested add-on that i'm not aware of?
Willing to give a test for continue DCA weekly basis for half year and see the results

This post has been edited by lovingforyou: Jan 13 2021, 11:31 PM
lovingforyou
post Jan 14 2021, 01:29 PM

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QUOTE(stormseeker92 @ Jan 14 2021, 12:24 AM)
Just DCA with any amount you'll be comfortable investing and will not need in the near future.

Dont mind the ups and downs. Long term stonks always go up
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QUOTE(ironman16 @ Jan 14 2021, 12:43 AM)
Make sure amount dun too small 😁😁😁
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thumbup.gif thumbup.gif thumbup.gif sifu
With amount i'm comfortable probably RM600 monthly, which will seperated weekly RM150.00
Izzit too small for me to start with rclxs0.gif
Beside of setting schedule one time deposit in SA app (each setup take me 30 seconds), any other recommended convenience way?
It doesn't cost me "more" that if i doing weekly dca comparing to monthly dca right?
Worried if there is any "hidden charge" like i have to pay sales charge per deposit or etc

Btw i'm aware that there is account management fee subject to 1.5% or etc
So i have to put some 'referral code' into somewhere, where can i do this, i saw in previous post that had to contact CS to manually submit the 'free management fee' code
lovingforyou
post Jan 14 2021, 01:53 PM

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QUOTE(GrumpyNooby @ Jan 14 2021, 01:31 PM)
There's a MYR-USD or vice versa conversion fee of 0.1% which is not transparent.

To get management fee waiver, you need to contact CS to manually key in into your system since you have registered without the referral link.
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Ah, understand sifu
I'm walk through today because of your enlightenment thumbup.gif

QUOTE(ironman16 @ Jan 14 2021, 01:49 PM)
Ask ppl pm u referral code, sure penuh ur inbox.

2 method for weekly.

U can deposit monthly from account to Samy Simple, after that use Samy Simple weekly deposit to ur portfolio.
Ur bank accounts wont messy but Simple to portfolio take time longer than usual.

U can use standing instructions from ur banking make weekly deposit, faster but account messy. May b can use separate accounts just for investment purpose.

No others charge whether u monthly, weekly or daily 😁😁😁
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Alright bro, for my understanding, Samy Simple is actually a "cash account" that provided by SA, temporarily park money inside, right?
lovingforyou
post Jan 14 2021, 01:57 PM

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QUOTE(stormseeker92 @ Jan 14 2021, 01:54 PM)
SA Simple is MMF - money market fund. A type of investment too with very little risk, and little reward. Considered safe to park while transfer to SAMY portfolio.
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QUOTE(GrumpyNooby @ Jan 14 2021, 01:54 PM)
SA Simple™ is money market fund.
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QUOTE(ironman16 @ Jan 14 2021, 01:54 PM)
Yup, is feed in East spring islamic income, money market fund aka MMF.

###this forum very active, i go first, tengah drving 👍👍👍
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Very appreciate for these information
There is still a long run for me to learn thumbup.gif thumbup.gif
Happy investing
lovingforyou
post Jan 14 2021, 10:43 PM

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Ah, it remind me something
Any 'better' suggested which day of the week for dca weekly?
What i thought is Sunday ?
lovingforyou
post Jan 14 2021, 10:55 PM

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QUOTE(ironman16 @ Jan 14 2021, 10:49 PM)
u can set which day to dca automatically or manually?  shocking.gif
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Select portfolio > Deposit > Schedule a one-time deposit > Select direct debit bank account > To desire portfolio > Deposit Date & Amount
I keep repeating above , each tap tap tap on my phone take 30 seconds
But i don't had any idea how long time needed for SA debit my account and proceed order

user posted image

This post has been edited by lovingforyou: Jan 14 2021, 10:58 PM
lovingforyou
post Jan 14 2021, 11:12 PM

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QUOTE(stormseeker92 @ Jan 14 2021, 11:02 PM)
Why dont you just use recurring deposit?
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Because i want specific day of the week?
I don't aware that recurring deposit can be done like this
lovingforyou
post Jan 14 2021, 11:16 PM

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QUOTE(lovingforyou @ Jan 14 2021, 10:55 PM)
Select portfolio > Deposit > Schedule a one-time deposit > Select direct debit bank account > To desire portfolio > Deposit Date & Amount
I keep repeating above , each tap tap tap on my phone take 30 seconds
But i don't had any idea how long time needed for SA debit my account and proceed order

user posted image
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QUOTE(ironman16 @ Jan 14 2021, 11:14 PM)
u only can set date , not day (sunday)..... sweat.gif

normally i use recurring deposit
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Above provided screenshot is my portfolio that had been set to every Sunday this month
lovingforyou
post Jan 14 2021, 11:25 PM

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QUOTE(ironman16 @ Jan 14 2021, 11:17 PM)
how about next month?  hmm.gif  hmm.gif  hmm.gif

if in hong leong , i can set weekly/bi weekly/monthly/anually  SI  brows.gif
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Probably repeat to set the one-time deposit
Weekly (Sunday) deposit on weekly dca basis thumbup.gif
Thats why i asking, which 'day' will be better to set up the dca (Fri, Sat, Sun?)
lovingforyou
post Jan 14 2021, 11:40 PM

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QUOTE(genesic @ Jan 14 2021, 11:35 PM)
For me, I will avoid weekend knowing it will only be process on next working day. Furthermore you will lose the interest from your saving account for nothing if yours is high interest account.
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So probably Monday is probably 'better' then Sunday
What im thinking is, direct debit instruction made on Sunday, then during the working day (Monday), SA will proceed and proceed buy order and etc
Waiting for other sifus' reply thumbup.gif

lovingforyou
post Jan 15 2021, 08:28 AM

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QUOTE(xander83 @ Jan 15 2021, 01:15 AM)
Monday FX rate if opens higher then conversion rate less

Sunday still depends on the week before FX rate

But the difference only will be seen for those investing more than RM4000 hence those with smaller will gain or loss due to FX mini rounding

For Example 4 Jan FX rate after minus 0.1% conversion 0.2496
5 Jan 0.25
14 Jan 0.2475

For those small micro saver as it is good for the sharks who are paying less in management fees  rclxm9.gif
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Godlike level
lovingforyou
post Jan 18 2021, 10:29 PM

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user posted image
Is it normal?
As of now, still processing

lovingforyou
post Jan 18 2021, 10:41 PM

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QUOTE(ironman16 @ Jan 18 2021, 10:34 PM)
money been deduct?

17 jan is sunday, should b today deduct

stashaway mention received or not?
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Money deducted this afternoon from my saving account
I think SA did mentioned received and please allowed them 1-2 days to proceed
lovingforyou
post Jan 18 2021, 10:50 PM

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QUOTE(ironman16 @ Jan 18 2021, 10:46 PM)
sabar boss,

logically is:
afternoon receive, tonight (bcoz US baru start kerja ma) convert USD, if sucess baru execute buy. Jika berjaya buy,
tomorrow SAMY baru tahu and update dalam apps u, itu pun jika dia sempat (jangan lupa, monday banyak kerja o)

normally take 2 day (fastest i ever see)
3 day just normal speed ma
4 to 5 day if got special event occur  brows.gif  brows.gif  brows.gif

if transfer from SAMY Simple lain cerita sudah, lagi lambat  rclxm9.gif  rclxm9.gif
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So it's normal
Is like dat one then okay then, no problem thumbup.gif
lovingforyou
post Jan 18 2021, 11:11 PM

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QUOTE(bourse @ Jan 18 2021, 11:05 PM)
today is Martin Luther King, Jr. Day.  So market tutup, tonight confirm no buy order.
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conform americano ni
so pro
lovingforyou
post Jan 18 2021, 11:13 PM

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QUOTE(ironman16 @ Jan 18 2021, 11:06 PM)
ur order delay lagi bcoz US holiday  sweat.gif  sweat.gif  sweat.gif
Nanti biden wednesday inaugurato right
So holiday again, full army force to protect him like war field
lovingforyou
post Jan 19 2021, 12:19 PM

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QUOTE(lovingforyou @ Jan 18 2021, 10:41 PM)
Money deducted this afternoon from my saving account
I think SA did mentioned received and please allowed them 1-2 days to proceed
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QUOTE(ironman16 @ Jan 18 2021, 10:46 PM)
sabar boss,

logically is:
afternoon receive, tonight (bcoz US baru start kerja ma) convert USD, if sucess baru execute buy. Jika berjaya buy,
tomorrow SAMY baru tahu and update dalam apps u, itu pun jika dia sempat (jangan lupa, monday banyak kerja o)

normally take 2 day (fastest i ever see)
3 day just normal speed ma
4 to 5 day if got special event occur  brows.gif  brows.gif  brows.gif

if transfer from SAMY Simple lain cerita sudah, lagi lambat  rclxm9.gif  rclxm9.gif
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Eh, just to update
Im wrong with the statement yesterday

Timeline as below
17/Jan Sun - Direct Debit scheduled in SA
18/Jan Mon - Direct Debit Bank deduct my saving account
19/Jan Tue - Receive email from SA on @1115HRS that they received fund
lovingforyou
post Jan 19 2021, 12:32 PM

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QUOTE(ironman16 @ Jan 19 2021, 12:24 PM)
Mcm lambat sikit dr jompay, am i wrong?
Last when i think i jompay, the same day SAMY received.
But nvm, yesterday US holiday, fast oso no use.
Try direct debit for a few time baru dpt conclude
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I remember i saw earlier post that, "first" time slower a bit
This 36% portfolio just "open" by SA last week, and 17/Jan is my "First" deposit into this portfolio
Aug 2020 i did my first deposit for first 22% portfolio and leave it there, after half year just step further, then taadaa, here i am rclxm9.gif
lovingforyou
post Jan 19 2021, 12:36 PM

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QUOTE(ironman16 @ Jan 19 2021, 12:35 PM)
Remember dca aje, unless u can timing market very well
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Sudah setup dca for half year
try this stuff for half / a year and see how results

lovingforyou
post Jan 19 2021, 11:03 PM

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What i feeling is, DCA feeling like forcing you squeeze some fund for saving
and learn discipline to not cash out rclxms.gif
Now i feel it's a good habit to learn


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