Folks,

Created my account and started. Waiting for StashAway to take my money away. (Don’t know what right term to use)

I’ll check in again after 6 months and let you guys know the performance.


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Haha, as a former programmer, this grinds my gear.

Just a labeling issue. No biggie.

This is fine, should be a low priority defect. They’ll fix it, sooner or later.

Haha, no la. This thing is an interesting (or boring for many) tool, I suppose.

Supplementary retirement scheme. Besides the usual CPF, SG government encourages all peasants to open an SRS account with any partnering banks (DBS, UOB or OCBC). Cash deposited into SRS account can be used to fund other investment instruments, life insurance, equities, bonds, etc. Cash stored in SRS only yield a shitty 0.5% interest (IIRC)

Cash deposited into this account will automatically calculated at the end of the year to reduce income tax. Caveat here, if I withdraw funds from account in the future, I have to pay back the tax deductions to IRAS.

I figure since I’m going for long term with StashAway (if it works), I’ll use SA to take funds from SRS account for investment. Any dividend/interest is expected to go back to the SRS account.

Savings from bank -> deposited into SRS account for tax income deduction -> cash in SRS account to fund StashAway

So if the portfolio is performing, (if...) I could deduct tax and build up my retirement funds at the same time.

I hope I’m understanding StashAway correctly. If it doesn’t work, I’ll suppose to have the option to stop the monthly transfer and go back to equities investments.

I’m not familiar with other Robo advisors. I only stumble upon SA after knowing one of my co-worker’s wife works in SA. Then I discovered this thread. Late to the party.

If I’m not mistaken, I think StashAway home base is in SG.

And it’s licensed and regulated by MAS...erm, should be okay gua....

Haven’t explored all the choices yet. Apparently, I’m quite late in picking up and learning investment instruments. Currently, investing in local equities and governments bonds.

Sg government bonds are just okay, I suppose. Equities trading platform however, charges are exorbitant over here. SGD20 compare to MY’s RM8.

If these roboadvisors were to become reliable(somewhat) investment platform in the future, it’s a good thing.

Guess, we will find out soon.

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Off-topic bruh. Sigh, depends.

Mid 30s’ bloke here. Depends whether I’m getting a kid and/or property over here.

On my cellphone. I’ll check this out when I’m free.

I’m parking a portion of my SGD in CIMB SG’s savings account. It only nets me 1% interest p.a.

Need to read the fineprint before moving liquid cash to SA’s Simple.

2.2% and above is only possible with some of local hurdle accounts in SG e.g DBS Multiplier and UOB One account. The requirements are pretty steep.

The easiest hurdle account in Singapore now is CIMB Oline savings account:
https://www.cimbbank.com.sg/en/personal/new...CFQOFaAod15AFpw

I’m only getting 1% now, that’s why I thought of parking it SA’s Simple.