The minimum balance is required because some investment/securities purchased have high entry coast. For Example: Off the counter (not fundsupermart) 1 Lot of Bond cost RM 250K. Also, there are cost incurred by the manager for maintaining and running the fund.

If the entry fee (or sales charge in the unit trust world) is your concern, just use fundsupermart.

The witholding is on the dividend/income not on the principal. Yout theory works, assuming your investment appreciate in value due to fluctuations in the price and no dividend/income is declared.

Do my dividends get taxed?


However, you need to retain a minium of USD 25 in the account.


The minium amount is alright. The problem I have with it is probably because its traded in USD. IF the USD and your investment decides to take a divide, it's going to be double whammy.

Oh and the 6months celebratory period, not sure when its ending. Can throw RM 100 and see how it grow over time LOL.

Is there a minimum amount I need to invest?

lol if stashaway can do it, mytheo should be able to do that too.

not saying it's not a good platform, i'm not surprised if mytheo becomes the leading roboadvisor in malaysia.

but just this little things that turn investor off when there such a better alternative like stashaway

I am not promoting either stashaway or mytheo.

To me both Robo-advisors are still in its infant stage. They have proven nothing and they don't have a historical track record.

We don't really know whether stashaway has done anything. They have not revealed their AUM or the growth or how profitable they are. People might argue that they are new and all but those are the numbers that will tell where the company is at.

I saw this under Notice:

5 Aug 2019 04:51 pm
Cash rebate of USD0.08 was credited to your account.
5 Aug 2019 02:12 pm
Your portfolio has been adjusted.
2 Aug 2019 04:39 pm
Management fee USD0.31 was charged to your account.
2 Jul 2019 11:23 am
Your portfolio has been adjusted.

[quote=CardNoob,Jul 11 2019, 11:41 AM]
So with the withholding of USD 100, this product is no longer attractive?

RM100 for minimum initial investment during offer period. Otherwise it would be RM500. I think this is sensible.

[quote=Bali2019,Aug 29 2019, 11:06 AM]
[quote=CardNoob,Jul 11 2019, 11:41 AM]
So with the withholding of USD 100, this product is no longer attractive?

RM100 for minimum initial investment during offer period. Otherwise it would be RM500. I think this is sensible.

[/quote]
The problem is not about initial investment.
It's the withholding amount if you quit the portfolio.

Good.. Just only invest in SA. Now reading about this MT. If okay, will try and see

Please try and post a comparison between SA and THEO performance

already submitted closing account application

That's was fast

Why so?

their etf choices are not great, imho. more towards country specific eg. uk, japan, hk

What is the risk u took at SA and THEO?

Did u DCA monthly to both SA and THEO?

How fast is the deposit process compare to SA?

SA normally take 3 days.
1. Like your bank transfer on Monday,

2. SA acknowledge receiving transfer on Tue, and then

3. the buy process status only changed to completed on Wednesday ( though I think the actual buy is done on Tue night our time).

Tq

I feel like StashAway has improved their deposit procedure. Now it only took me 2 days to complete the whole deposit process.

Take ollec case as an example,
I deposited it on Monday, the acknowledgement is on Tuesday around 11am to 12pm then by 4pm the conversion is done and buy order is placed on the same night.

Might need others to confirm it too

This post has been edited by neverfap: Sep 4 2019, 08:02 PM

If deposit before 8 am on the same day maybe can get on the same day?

Tried ibg on the same day before haha
JomPay not sure though
Never tried

Edit: sorry off topic. Will end here for post bout sa

This post has been edited by neverfap: Sep 5 2019, 10:42 AM

Kena do benchmark, IBG currently takes 2 working days.

Last time JomPay and curlec took much longer than IBG, of coz I hope they adopt instant transfer also.

Is it better to put in MT or just deposit in epf. Looking at their projection and comparing with epf, I feel its not worth the risk. But I'm newbie to this thing, so not sure about this investment thing. And I got account in SA. I think need to wait and see MT performance first.