StashAway Simple

[Peasantboy]

That’s a point but the concern is that the fund will collapse or Stashaway?

I mean neither seems likely to me and our funds are kept in a custodian account if the latter happens so...

because it is not SDIC insured or principle guaranteed like multiplier?

 

[tesarise]

That’s a point but the concern is that the fund will collapse or Stashaway?

I mean neither seems likely to me and our funds are kept in a custodian account if the latter happens so...

i wouldn't worry too much about this if i were you.
the risk is more on the funds making losses when you need to withdraw the money rather than collapsing.

 

[MacSwaggin]

How does this fare to Jumpstart from Standard Chartered?

 

[undergrd]

I tot SC eSaver has an interest of 1.95% p.a which is better?

 

[john.doe1985]

I tot SC eSaver has an interest of 1.95% p.a which is better?

that’s only till end of November

and Jumpstart is for young adults till 26 years only

 

[chienwei]

i just invested yesterday too.

 

[SomethingIsWrong]

Dbs multipler still better rates and so much safer

Sent from Sony G8342 using GAGT

 

[WoShiPro]

Dbs multipler still better rates and so much safer

Sent from Sony G8342 using GAGT

This is for those that max out higher interest account bah. If yet to hit limit then better to keep in bank.

 

[assiak71]

Why not other ut that has averaged 2.x%?

 

[JustDoLor]

How come expense ratio for ELF not the same?

FSM indicates as 1.14% while stashaway indicates as 0.31%?

FSM

 

[RMCWMR]

Is it guaranteed 1.9% or thats juat an indication? I would think its just the underlying fund performance

Its not a guarantee. Unlike FD. You may even lose capital if the fund performs badly which is most UT. Think about it. Managers of UT have no skin off their back i.e. if lose money, not their money. They still take the same salary and bonus. If make money, they are paid handsomely through profit share. So they tend to take the most risk and since investors are not there on a day to day basis to monitor what these UT managers are doing, they can do anythimg they want

 

[revhappy]

Then it is very deceptive marketing by them. I also received their email. It appeared as if guaranteed.

 

[assiak71]

How come expense ratio for ELF not the same?

FSM indicates as 1.14% while stashaway indicates as 0.31%?

FSM

ELF institutional class. Didnt bother searching for its ER

Because there are other retail UTs that average 2.x%

 

[Halfling]

This is like the money market fund from
Fsm right. Also Pays interest daily. Anyway I transfer some money to this and going to test it out.

 

[chewmeyo]

Can apply for a job?

 

[mazduh]

its like a fixed deposit with lots of pros.

 

[WoShiPro]

Any feedback is the interest really 1.9% for the past 1 week as per claim?

 

[5408854088]

https://financialhorse.com/stashaway-simple-review/

 

[assiak71]

1.9% is after rebate, which is credited quarterly right. So in a way there is "lock in" of 3 months to enjoy the full 1.9% p.a.?

 

[Han Shot First]

Is StashAway Simple a nominee account?