Stashaway discussion thread

[Kojo0403]

I meant it's no longer cost effective for most RSPs when you consider that the single fee for Syfe REIT also allow you to DCA daily/weekly, but if you were to RSP on other platforms, the transaction fees alone are already more than the max of 0.65% on Syfe a year. DBS Invest Saver is 0.82% per transaction, so it doesn't make sense to do it weekly since that's over 3% in fees. While with Syfe, you pay that max of 0.65% and you can DCA daily if you are so inclined to do so.

Even using iFast, it's 0.08% a month, so close to 1% a year, which makes it still more expensive than Syfe.

All this is not including the fact that Syfe auto-reinvests dividends.

The 0.08% charged by iFast and 0.82% charged by DBS is a one-off charge.
Hence you should not really multiply it by 12 months and arrive at 1% for iFast.

E.g. From Jan to Dec, I RSP $100 each month. For each $100, iFast charges me $0.08. For the entire $1,200 (across 12 months), I would have paid $0.08*$1,200 = S$0.96.
Hence the one off charge is S$0.96/ S$1,200 = 0.08%. (not 1%)

 

[eAtNeAt]

Same for me. Weighted average investment around $12k over around 18months. But losing around sgd2.5k in fx loss.

But 2X lower?
1000 USD -> 500 SGD, how is this even possible.

If I cash out now, they will pay me based on the the SGD amount?

 

[Johnringo]

exactly.. my SGD returns also about half. Then i asked stashaway they don't allow withdraw in USD even if DBS to DBS mca no fees transfer for usd. i suspect they want to earn the conversion fees.

https://www.stashaway.sg/faq/900000800623-can-i-withdraw-in-usd-to-a-usd-account

I thought you can withdraw in USD according to their FAQ

 

[zenify.me]

Same for me. Weighted average investment around $12k over around 18months. But losing around sgd2.5k in fx loss.

Heart pain when see but can't escape when investing in US market... Makes me a little itchy for products like syfe reit+...

 

[BinaryLord]

Heart pain when see but can't escape when investing in US market... Makes me a little itchy for products like syfe reit+...

What is stopping you from investing into Syfe reit?

 

[CrunchTime]

Hi, I intend to invest my SRS funds (currently $10k) in StashAway and top up that amount or 15k max roughly every year. Noob question - any recommendation on the best option + risk index I should choose on the app to grow my SRS funds:

1) General Investing, 2) Retire on time and 3) Earn income and returns in SGD

Thanks

 

[rachel_tieh]

Hi all - looking for exposure to US market, Stashaway is better for noob like me or Syfe Equity 100? thanks.

 

[slapshocked]

Hi, I intend to invest my SRS funds (currently $10k) in StashAway and top up that amount or 15k max roughly every year. Noob question - any recommendation on the best option + risk index I should choose on the app to grow my SRS funds:

1) General Investing, 2) Retire on time and 3) Earn income and returns in SGD

Thanks

Im using SRS to invest with stashaway too, set at 30% risk, $900 lumpsum and then 300 every 2 weeks until use up $15300.

 

[Kojo0403]

Hi all - looking for exposure to US market, Stashaway is better for noob like me or Syfe Equity 100? thanks.

https://www.facebook.com/174268729372090/posts/2101484826650461/?d=n

worthwhile checking out the top 10 etfs invested by srs holders.. (direct investing)
End of the day it’s best to remove additional layer of charges/ intermediary

 

[Mensports]

can anyone pm me a stashaway refer a friend code

 

[zenify.me]

can anyone pm me a stashaway refer a friend code

Check your PM

 

[revhappy]

can anyone pm me a stashaway refer a friend code

Sent you

 

[zenify.me]

Hi does anyone know if I am able to claim a referral link after my account has been created? tried contacting support and they want me to send a friend's phone number/email and referral code to manually activate it instead. Would appreciate any input on this or if anyone is kind enough to provide me with those 2 details i'll really appreciate it, thank you

Check your PM

 

[leo921]

Anybody gotten their returns for SA simple? How was the returns? I just place $50 inside recently

 

[rottingapple]

Anybody gotten their returns for SA simple? How was the returns? I just place $50 inside recently

you will only get a few cents per mth.

my 10k put for 3 mth only get $17 in total.

 

[duhduhduh]

Anyone know how do SA process their trades? I placed in a bit of money during the dip on 12 Jan, but it seems like the trades executed were at a price higher than market close on 11 Jan?

 

[s0crates]

You can check what's the ETF day trading price range during 12 Jan. Of course they cannot trade on 11 Jan pricing haha.

If you want to time the market , you shouldn't use a roboadvisor, period.

Anyone know how do SA process their trades? I placed in a bit of money during the dip on 12 Jan, but it seems like the trades executed were at a price higher than market close on 11 Jan?

 

[duhduhduh]

Off course I know they can't trade in 12 Jan pricing. They let question is what time do they place the orders? Is there a methodology behind it or what?

 

[revhappy]

Off course I know they can't trade in 12 Jan pricing. They let question is what time do they place the orders? Is there a methodology behind it or what?

It is just like unit trust. Whatever time they place the order, you get the weighted average NAV of the portfolio as of end of the day.

I believe they maintain one portfolio for each risk level and everyone with that risk level will see same performance. When you change risk level, they migrate you to a different portfolio internally.

They may not even actually buy/sell for you. They just see what is the net inflow vs outflow and then buy one shot if there is inflow and then allocate fractions to each portfolio and each person.

All this buy/sell and rebalance is done by software and it very efficient.

 

[s0crates]

It is not like unit trust. Unit trust always execute based on NAV. ETF is dependent on execution price. Which we have no transparency on how they actually do it.

It is just like unit trust. Whatever time they place the order, you get the weighted average NAV of the portfolio as of end of the day.

I believe they maintain one portfolio for each risk level and everyone with that risk level will see same performance. When you change risk level, they migrate you to a different portfolio internally.

They may not even actually buy/sell for you. They just see what is the net inflow vs outflow and then buy one shot if there is inflow and then allocate fractions to each portfolio and each person.

All this buy/sell and rebalance is done by software and it very efficient.