StashAway Simple

[reddevil0728]

Does stashaway show wat they buy and sell or do they just blindly pay u the 1.8% return per month?

I am suspicious if it is the latter.

Sent from me using GAGT

They don’t pay you, is the fund that increases in price and it may vary. It is projected.

 

[occifer]

They don’t pay you, is the fund that increases in price and it may vary. It is projected.

Nvm that.

Do they show u the trades and positions they make?
This is important

Does it always make money?
Or correlate with indexes to some extent? Meaning it will make losses sometimes.

Money market fund gives less than 2% return a year on poems btw...last i used it long ago.

I dont like a blackbox that keeps claiming to make money.

I dont believe in such things lol..robo or not.

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[reddevil0728]

Nvm that.

Do they show u the trades and positions they make?
This is important

Does it always make money?
Or correlate with indexes to some extent? Meaning it will make losses sometimes.

Money market fund gives less than 2% return a year on poems btw...last i used it long ago.

I dont like a blackbox that keeps claiming to make money.

I dont believe in such things lol..robo or not.

Sent from me using GAGT

I don’t think they constantly make trades, given that this is a simple fund. But you should know the number of units you get when you first invested

They are investing it in some fund and you can check the price history of the underlying fund independent of them. No such thing as always make money one lor

If you don’t believe then don’t use them la. Invest directly into money market fund urself

 

[cfleee]

Does stashaway show wat they buy and sell or do they just blindly pay u the 1.8% return per month?

I am suspicious if it is the latter.

Sent from me using GAGT

Yes, transactions for Simple portfolio shows the underlying buy/sell orders for X units at Y price for the two components of the portfolio -- OCBSGDM and LNWELIA. These are the two funds mentioned as the FAQ on the webpage.

Each time you deposit or withdraw, there is the corresponding buy/sell order shown. This all shows up in the interface and in the monthly statements.

The portfolio info also shows exactly how many units you have of each fund, which you can reconcile against the buy/sell orders in the statements.

You can check NAV of the underlying funds directly to see whether its value has gone down in its history. But even if it hasn't ever done so, there is still some risk of it happening, it's not capital guaranteed after all.

 

[occifer]

Yes, transactions for Simple portfolio shows the underlying buy/sell orders for X units at Y price for the two components of the portfolio -- OCBSGDM and LNWELIA. These are the two funds mentioned as the FAQ on the webpage.

Each time you deposit or withdraw, there is the corresponding buy/sell order shown. This all shows up in the interface and in the monthly statements.

The portfolio info also shows exactly how many units you have of each fund, which you can reconcile against the buy/sell orders in the statements.

You can check NAV of the underlying funds directly to see whether its value has gone down in its history. But even if it hasn't ever done so, there is still some risk of it happening, it's not capital guaranteed after all.

I see. Transparency is important.

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[rottingapple]

bookmarked for reading

 

[Torenoo]

bookmarked

 

[WoShiPro]

Projected interest from Sept onwards is 1.4%.

 

[reddevil0728]

Projected interest from Sept onwards is 1.4%.

Got source????

 

[cassowary18]

Got source????

They emailed their investors.

 

[s0crates]

I didn't get my 1.9% with them anyway even if they give me additional rebate. I can't tell if they have given additional rebate as well.

This experience is extremely confusing and not transparent

The entire year interest rate has been dropping, why only revise now, and revise by such a huge quantum?

End of the day it's a projected rate, but I definitely think they can communicate the changing rates and their additional rebates better.

It's only simple because we are privy to the details

 

[anthonygreenisreal]

Anyway I will be transferring the sum out of StashAway simple after this month, the interest rate is no longer attractive. The money can be put to better use elsewhere.

 

[reddevil0728]

Anyway I will be transferring the sum out of StashAway simple after this month, the interest rate is no longer attractive. The money can be put to better use elsewhere.

why need to wait after this month?

 

[anthonygreenisreal]

Coz I’m still deciding where to split the funds to.

 

[demoforce1]

Anyway I will be transferring the sum out of StashAway simple after this month, the interest rate is no longer attractive. The money can be put to better use elsewhere.

how fast it will hit your bank account once withdraw?

 

[gld998]

Gosh.. i cant believe ppl are so happy with less then 2% interest per year

Sent from Godzillas Pigu using GAGT

 

[reddevil0728]

Gosh.. i cant believe ppl are so happy with less then 2% interest per year

Sent from Godzillas Pigu using GAGT

Cause ppl are risk averse ma.

 

[anthonygreenisreal]

how fast it will hit your bank account once withdraw?

It should take about 4 working days but i give it roughly about a week's time.

 

[cfleee]

It's a really long email, just copying some parts:

After continued analysis of the economy and central banks’ decisions, our investment team believes that interest rates likely won’t go back up for the foreseeable future, meaning the underlying funds will be earning less. Given the lower interest rates around the world, the projected rate that we expect StashAway Simple™ to deliver is 1.4% p.a., and that rate will be effective starting September 2020.

You may have noticed that the 1.9% p.a. wasn’t being earned by the funds alone recently. So, instead of lowering the rate a few months ago when the funds weren’t performing as well, we added a rebate to bridge the difference between the projected rate and the actual rate. This is part of our promise of complete transparency to you: We haven’t, and we won’t, communicate a projected rate that we don’t expect to deliver. We also don’t offer a range that you might expect, because we simply aim to give you what we tell you.

(...)

Every week, our investment team reviews the projected rate from our fund managers. In the case that Simple’s projected rate changes, we’ll either inform you ahead of time of a change in projected rate, or, instead of delivering a lower rate to you than the currently communicated one, we may decide to rebate you an amount in order to deliver the projected rate (in 3 decimals).

StashAway Simple™ will keep returning 1.9% p.a. until 31 August. So, this means, for example, that money in StashAway Simple from 1 July to 31 August would still earn 1.9% annualised returns. That 1.9% p.a. includes the rebates we calculate daily, and distribute quarterly. We’ll distribute the next round of rebates at the end of October.

Keep in mind that we won’t always give rebates, but it’s our commitment to deliver the Simple rate we advertise.

Previously it was a non-guaranteed projection, obscured by this whole calculated to 3 decimal places and rounded to 1 decimal place thingy. Presumably it would have fluctuated with the markets, except they started doing the additional rebate thing?

But now it seems like they're sorta saying they commit to a projected rate (what's the point of calling it projected then?) and will notify you "ahead of time" of a rate change, like how this is 3 business days ahead of the 1 Sep effective date.

Is this simpler? Maybe in the sense of knowing what is the rate they're advertising instead of waiting for the quarterly rebate to see what you get. But it's really a confusing message when they advertise this committed-but-projected rate on an investment that fundamentally has some downside risk to it.

 

[anthonygreenisreal]

2% is machiam fixed deposit rate for last time. Since they are risk adverse why they not scare of inflation rate eroding their cash value at 2 or 3% yearly?