Stashaway discussion thread

[Zenosyne]

That's referring to the dividends you receive from certain ETFs. Most of the equity ETFs don't pay out dividends. Bond ETFs and some other ETFs have dividends every now and then. There is 30% withholding tax, but all that means is that, if for example, the actual dividend to be received is $1, what will appear in your Stashaway account will only be 70cents, since 30% is auto-withheld. Stashaway will help claim back some of the tax later on in the year, or something like that, but that's basically what the 30% withholding tax refers to. All these will be reflected in the app or email. No physical letters.

Nope, any info regarding standing instruction from the bank will all be through email, if I recall correctly. For monthly bank statements, it depends on whether you've opt for e-statement or not. If you've opt for e-statements, then no mail will be delivered.

Thank you so much for answering me to such details. Thanks for your help. Btw, after looking around, I realise I cant actually handpick the ETFs I want to invest(?) or am I doing something wrong?

So, say for example, I want to invest in IWDA, how do i pick it?

Also, for beginners, do you recommend creating more than 1 portfolio? I currently plan on using using the default 12% risk

Once, again, thanks tutonic

 

[tutonic]

Thank you so much for answering me to such details. Thanks for your help. Btw, after looking around, I realise I cant actually handpick the ETFs I want to invest(?) or am I doing something wrong?

So, say for example, I want to invest in IWDA, how do i pick it?

Also, for beginners, do you recommend creating more than 1 portfolio? I currently plan on using using the default 12% risk

Once, again, thanks tutonic

You can't pick the ETFs. You can only select the different risk level portfolios. Same case for almost every robo out there.

If you want to RSP into specific stocks/etfs, you can look into FSMOne's RSP programme; although, FSMOne's RSP don't have IWDA.

If you're going to hold it long term (>2-3 years), just go with 36% portfolio. That's what I'm holding as well. I previously held the bulk of my money in the 18% portfolio, and a bit in 30% one, but have since consolidated all into the 36% portfolio about 5-6 months back. So far, I'm happy with the returns.

 

[Zenosyne]

You can't pick the ETFs. You can only select the different risk level portfolios. Same case for almost every robo out there.

If you want to RSP into specific stocks/etfs, you can look into FSMOne's RSP programme; although, FSMOne's RSP don't have IWDA.

If you're going to hold it long term (>2-3 years), just go with 36% portfolio. That's what I'm holding as well. I previously held the bulk of my money in the 18% portfolio, and a bit in 30% one, but have since consolidated all into the 36% portfolio about 5-6 months back. So far, I'm happy with the returns.

So, Im planning to hold it for like over 5 years i suppose. Im still studying anyways... Hopefully 5-10 years hold and invest. So I should still go for the 30% risk right? Just to clarify, its 1% chance of losing 30% of your portfolio value right?

Im only planning to put 100 a month so far...

Thanks tutonic

 

[tutonic]

So, Im planning to hold it for like over 5 years i suppose. Im still studying anyways... Hopefully 5-10 years hold and invest. So I should still go for the 30% risk right? Just to clarify, its 1% chance of losing 30% of your portfolio value right?

Im only planning to put 100 a month so far...

Thanks tutonic

The 36% risk portfolio is what I suggest, since composition-wise, it's a lot better than the 30% one. Yes, there is the chance, but if you're holding it long-term, it's statistically unlikely for it to happen, since virtually all equity ETFs rise in the long run (5-10 years in our scenario). It's just a matter of rise by how much.

If you're putting in 100 a month, I suggest using a weekly standing instruction of $25 instead, so you can spread out the risk a bit more. If you go this route, your standing instruction will be $25 weekly, but inside Stashaway, the monthly deposit instruction should be set as $100. Then every week when the standing instruction transfers to Stashaway, they'll know that it's part of your monthly deposit plan, since your total deposits for the month will always be below the monthly deposit plan you set inside Stashaway app/website.

My suggestion, though, is to set the monthly deposit plan inside Stashaway as $125 or $150, so your actual deposits will never hit that amount (since some months got 5 weekly deposits instead of 4, if you set your standing instruction as weekly deposits on Mondays like in OCBC, for example, instead of using dates like in POSB). Never hitting the deposit plan is fine. If you overshot then Stashaway will email, refund you, ask you make a new deposit plan blah blah, so it's always better to put your monthly deposit plan slightly higher, so you can avoid all these.

 

[Zenosyne]

The 36% risk portfolio is what I suggest, since composition-wise, it's a lot better than the 30% one. Yes, there is the chance, but if you're holding it long-term, it's statistically unlikely for it to happen, since virtually all equity ETFs rise in the long run (5-10 years in our scenario). It's just a matter of rise by how much.

If you're putting in 100 a month, I suggest using a weekly standing instruction of $25 instead, so you can spread out the risk a bit more. If you go this route, your standing instruction will be $25 weekly, but inside Stashaway, the monthly deposit instruction should be set as $100. Then every week when the standing instruction transfers to Stashaway, they'll know that it's part of your monthly deposit plan, since your total deposits for the month will always be below the monthly deposit plan you set inside Stashaway app/website.

My suggestion, though, is to set the monthly deposit plan inside Stashaway as $125 or $150, so your actual deposits will never hit that amount (since some months got 5 weekly deposits instead of 4, if you set your standing instruction as weekly deposits on Mondays like in OCBC, for example, instead of using dates like in POSB). Never hitting the deposit plan is fine. If you overshot then Stashaway will email, refund you, ask you make a new deposit plan blah blah, so it's always better to put your monthly deposit plan slightly higher, so you can avoid all these.

I see, thank you tutonic. I dont have any more question for now. Thanks alot, you have been a great help

 

[Zenosyne]

The 36% risk portfolio is what I suggest, since composition-wise, it's a lot better than the 30% one. Yes, there is the chance, but if you're holding it long-term, it's statistically unlikely for it to happen, since virtually all equity ETFs rise in the long run (5-10 years in our scenario). It's just a matter of rise by how much.

If you're putting in 100 a month, I suggest using a weekly standing instruction of $25 instead, so you can spread out the risk a bit more. If you go this route, your standing instruction will be $25 weekly, but inside Stashaway, the monthly deposit instruction should be set as $100. Then every week when the standing instruction transfers to Stashaway, they'll know that it's part of your monthly deposit plan, since your total deposits for the month will always be below the monthly deposit plan you set inside Stashaway app/website.

My suggestion, though, is to set the monthly deposit plan inside Stashaway as $125 or $150, so your actual deposits will never hit that amount (since some months got 5 weekly deposits instead of 4, if you set your standing instruction as weekly deposits on Mondays like in OCBC, for example, instead of using dates like in POSB). Never hitting the deposit plan is fine. If you overshot then Stashaway will email, refund you, ask you make a new deposit plan blah blah, so it's always better to put your monthly deposit plan slightly higher, so you can avoid all these.

Hi tutonic, its me again. do you mind if i pm u my questions?

 

[zenify.me]

Hi tutonic, its me again. do you mind if i pm u my questions?

Maybe he gonna charge you tuition fee this time

 

[Zenosyne]

Maybe he gonna charge you tuition fee this time

Moi dont have much money already... can only afford 100 per month, let alone any tuition fees Moi will be grateful for the help

 

[tutonic]

Maybe he gonna charge you tuition fee this time ��

Moi dont have much money already... can only afford 100 per month, let alone any tuition fees Moi will be grateful for the help

Sure. If you like, you can PM me. Alternatively, you can just post here ah. If it's a question regarding Stashaway/Syfe, can just post here so others can also benefit. You're probably not the only one with these questions anyway. Others sure also wonder the same thing, at some point in time.

 

[duhduhduh]

The 36% risk portfolio is what I suggest, since composition-wise, it's a lot better than the 30% one. Yes, there is the chance, but if you're holding it long-term, it's statistically unlikely for it to happen, since virtually all equity ETFs rise in the long run (5-10 years in our scenario). It's just a matter of rise by how much.

If you're putting in 100 a month, I suggest using a weekly standing instruction of $25 instead, so you can spread out the risk a bit more. If you go this route, your standing instruction will be $25 weekly, but inside Stashaway, the monthly deposit instruction should be set as $100. Then every week when the standing instruction transfers to Stashaway, they'll know that it's part of your monthly deposit plan, since your total deposits for the month will always be below the monthly deposit plan you set inside Stashaway app/website.

My suggestion, though, is to set the monthly deposit plan inside Stashaway as $125 or $150, so your actual deposits will never hit that amount (since some months got 5 weekly deposits instead of 4, if you set your standing instruction as weekly deposits on Mondays like in OCBC, for example, instead of using dates like in POSB). Never hitting the deposit plan is fine. If you overshot then Stashaway will email, refund you, ask you make a new deposit plan blah blah, so it's always better to put your monthly deposit plan slightly higher, so you can avoid all these.

Just wanna ask - if set based on 4 weeks, does SA executes based on the $25 or until the cash balance meets a minimum threshold then will it go to execute? If it executes $25 per week, I am wondering if there are any additional costs behind the odd lots units?

 

[tutonic]

Just wanna ask - if set based on 4 weeks, does SA executes based on the $25 or until the cash balance meets a minimum threshold then will it go to execute? If it executes $25 per week, I am wondering if there are any additional costs behind the odd lots units?

I don't know if there is a minimum threshold, but I think $25 should be fine. Basically, they'll convert the $25 SGD to USD. Then after that they'll buy using whatever is available.

Let's say you get 19 USD for 25SGD, but they only manage to buy 17USD worth of ETFs in the 1st business day after you deposit. Then the 2USD balance will just stay in your account as Cash (USD), which you can see under the Asset tab. Sometimes they manage to squeeze your 2USD into another order (since Stashaway is bulk ordering), and then it'll reflect in your Transactions that there's another purchase worth 2USD or slightly lesser. Otherwise, if the USD balance too low like couple cents, it'll stay as Cash (USD), and then next time you deposit, they'll buy based on your total USD currently held.

No additional costs for users.

 

[zenify.me]

Just received the CNY promo email from SA for this year earlier today.

This New Year, we wanted to offer you a few months of free investing to help you get closer to your goals and make the most of your savings.



Here's how it works:


Invest at least $1,888 SGD, and we’ll manage
that deposit amount for free for 1 month.
Redeem with code:
CNY8


StashAway



Invest at least $30,888 SGD, and we’ll manage
that deposit amount for free for 2 months.
Redeem with code:
CNY88

StashAway



Invest at least $50,888 SGD, and we’ll manage
that deposit amount for free for 3 months.
Redeem with code:
CNY888

StashAway



Our promotion* expires on 28 February, so make sure you redeem your code by then.

 

[endlssorrow]

How much the com fees per month?

 

[zumaba]

Setup an Income (risk 12) portfolio with my SRS fund in Jan, but still red red till today. Really a lousy one.

Going to transfer out to a general investing portfolio.

 

[Crimsom]

Just received the CNY promo email from SA for this year earlier today.

Not very enticing leh.

Let's say the top up $1888 free 1 month via simple estimated calculation:

$1888 x 0.8% per year = $15.10 per year
1 months free = 15.10/12 = $1.26

The other codes need significantly larger lump sum top ups.

 

[zenify.me]

Not very enticing leh.

Let's say the top up $1888 free 1 month via simple estimated calculation:

$1888 x 0.8% per year = $15.10 per year
1 months free = 15.10/12 = $1.26

The other codes need significantly larger lump sum top ups.

Agreed, it's more of the cherry on top if you happen to DCA around that amount I guess.

 

[endlssorrow]

Waaa so cheap ah monthly.. lol
Give free 6 month better also less than $15

Not very enticing leh.

Let's say the top up $1888 free 1 month via simple estimated calculation:

$1888 x 0.8% per year = $15.10 per year
1 months free = 15.10/12 = $1.26

The other codes need significantly larger lump sum top ups.

 

[endlssorrow]

Setup an Income (risk 12) portfolio with my SRS fund in Jan, but still red red till today. Really a lousy one.

Going to transfer out to a general investing portfolio.

Risk 12 mean what? Percentage 12?

 

[zumaba]

Risk 12 mean what? Percentage 12?

Yup, Risk Index 12%.

 

[endlssorrow]

Yup, Risk Index 12%.

Gai gai put 30-36% bro