Since everyone sharing Q1 2019 report...

Risk: 36%
First deposit: 28 Dec 2018
Stashaway formula performance: +11.5% (USD)
Actual peformance: 6.4% (MYR: Total Return/[Gross invested]*100)

Fortunate enough to start and ride the post x-mas rally by coincidence

Nah, it's my fun side experiment for 1 year together with Funding Societies. Do remember StashAway charges by the value of asset under management (AUM), even though you can escape 6 months using referral code.

For me, other than it being a side project for fun - I prefer to manage my protective/fixed income porfolio separately as I have personal mandate on allocation % and not having foreign currency risk.

I use Bloomberg app, it allows for multiple watchlists and holding of fractional units

Both started beginning of this year:
FS - capital SGD$500, projected annualized return 13.19%, nett return so far SGD$3.02 after fees and tax. But this month 4 of 23 notes missed payment, 2 of 4 missed ones didn't respond when contacted by FS and awaiting lawyer letter.
SA - unrealized gains is higher at the moment, FS need time for notes to complete.

This post has been edited by roarus: Mar 31 2019, 09:41 PM

SGD$20 each, not end of the world amount but I'd immediately be in red for FS if default

My autobot is set to grab everything but I still look up the factsheet for DP rating, history with FS and guarantor profile. If don't feel good or have active loan with same borrower I'll opt-out.

We should get back to talking SA soon by the way, or continue this in a more appropriate thread?

IBG late last night, notification of fund received around 11am today

You might not incur extra fees, but one thing to consider - time drag:
Each deposit typically takes T+3 e.g. Sunday deposit, Monday acknowledge, Tue night conversion and buy (US market opens at 9:30pm), Wed late morning reflected (SA typically update the numbers in the app around 11am).

Given 52 weeks a year, your money is spending 3x52=156 days in transfer, conversion and buying queue limbo.

Compare this to quarterly investment 4*3=12 days. But with such long interval some people may get buyer's remorse when they're unfortunate to buy at peaks; missing purchases during price dips in between.

In summary:
Too short - time drag, too long - possible buyer's remorse. Dial up an interval you're comfortable with.

Oh yes I recall getting an email 2 days back as well, filled that up regarding drag time and asked for no gold risk option too

Attended the event today and spoke to Amanda (Head of Client Engagement) regarding the long time drag StashAway Malaysia is experiencing. She acknowledges they've been receiving feedbacks regarding this and said the delay came from Saxo. All SA could do is pester Saxo to process MYR convert and purchases quicker so far. No idea how long it'll take to push things faster.

So for the foreseeable future, if you have access to Singapore bank account and would like morning transfer and overnight purchase - go with StashAway Singapore. There's no way to transfer your holdings from a Malaysian account to a Singapore account too, so you need to open up a StashAway Singapore account, withdraw from SA MY and deposit into SA SG.

This post has been edited by roarus: Apr 3 2019, 10:00 PM

Should be alright if you have an account with the local big 3 banks: DBS/POSB, UOB or OCBC. Best to check with them directly if you plan to use money transfer like Instarem (downside is you incur 0.45% for MYR -> SGD and 0.1% for SGD->USD). Refer here: https://www.stashaway.sg/faq/360007429373-w...t-deposits-from

I'm guessing SA SG and SA MY have separate Saxo books since they're both dancing with different countries' monetary authorities. Amanda has no idea why Saxo is being so quirky with SA MY as compared to SA SG either.

For SA SG they have the option to accept USD, but needs to be min USD10k.

Tap on Transactions (bottom right most button), then expand the conversion row. You’ll see something like this:



This post has been edited by roarus: Apr 5 2019, 10:22 AM

Do report back how it goes for benefit of us here in the future, info like:
i. How much USD you see when initiating withdrawal
ii. How long it takes after clicking withdrawal before conversion and money appears back in bank

This post has been edited by roarus: Apr 5 2019, 03:44 PM

me, but peasant amount of RM80 per month only 12 months for fun. after that will withdraw.

To invest the same total amount monthly as weekly, just do <weekly amount> x 52/12. I deposit the first Sunday night after monthly payday - expect Wed morning only buy complete for SA Malaysia.

That's buyer's remorse there - shouldn't matter if you're in it for the long run, but you can try make it psychologically easier the next time round by breaking that lump sum amount into 3-5 tranches of monthly investment.

If you're aiming for that kind of amount, you should move out of SA once your asset value is big enough - the yearly fee number starts getting substantial when your AUM gets big

This post has been edited by roarus: May 8 2019, 08:32 PM

As far as I know, only in the 2 big bad Tigers - Vanguard in Hong Kong, State Street (SPDR) in Singapore

Don't forget dividend yield though - you need to have a look at Total Returns chart instead of price chart. But yeah, 0820EA is incredibly small that even a retail investor can hold more shares than it for counters like Nestle. Plus, there are equity unit trusts available that performs better with less volatility.

VTWAX or its ETF equivalent VT is tax unfriendly to non US person - there's VWRD across the ocean, minus half the dividend tax and somewhat negligible small-cap counters

For starters, probably the most important thing to note is their porfolios - expressed in risk index.

https://www.stashaway.sg/r/what-is-the-stashaway-risk-index

Basically, for a 20% risk index:
99% chance your capital won't drawdown more than 20%
1% chance you'll lose more than 20% - for that to happen you'll need something worse than asian financial crisis/dotcom burst/subprime crisis

If you're asking which how much risk you should take, you can take Vanguard's retirement target date fund as a guide:
Start: 80:20 (growth:protective) accumulating (working) phase of your life
Between: Slow glide towards end ratio
End: 30:70 (growth:protective) around 7 years after retirement

Risk Index = Growth:Protective
6.5% = 44.4:55.6 (safest)
10% = 50.2:49.8 (even safer)
15% = 56:44 (safer)
20% = 69:31 (7 years after retirement)
26% = 80.5:19.5 (working)
30% = 85.8:14.2 (riskier)
36% = 98:2 (riskiest)

Dial towards safer if you have other risky investments outside StashAway - shares, crypto, p2p lending
Dial towards riskier if you have other safe investments outside StashAway - FD, Amanah Saham, bonds

For how many years before earning, you can take a look at StashAway's projection graph for individual risk index as indication (remember, no guarantee)