This StashAway Malaysia review of mine will detail on a couple of things. One, I will tell you why I joined StashAway; two, I will tell you my strategy before I joined, and three, I will give an update on how much I made every month, or year with StashAway.
The purpose of this post is not to brag about the money I would or had earned or lost with StashAway, but I do hope it will serve as a guide for those of you planning to use StashAway.
Why did I invest in StashAway?
I am lucky to be born as a native Sarawakian, so I get to invest my hard earned money in Amanah Saham Bumiputera (ASB), which is one of Malaysia’s best performing Unit Trust.
However, the interest and dividends have declined over the years, and I felt there was a need to diversify my earnings.
This is where I started considering StashAway.
StashAway is sort of like ASB. It’s like or is, a unit trust. However, the gains, and loss, would be greater as they invest in stock markets around the globe. It’s a Robo investor to be exact where the system (StashAway) will decide what and who should you invest in based on your goals and also the market. Unlike ASB which has its investment and returns relatively controlled by the government (and are fixed), StashAway is a private entity which is allowed to do investment by the Securities Commission Malaysia.
Therefore, there’s a relatively higher risk, and also possibly higher returns (or loss) when investing through StashAway. Just so you know, StashAway invest in global markets, and hence your returns are dictated by markets in America, China and Europe.
However, if you check out Youtube, there’s quite a number of people giving StashAway reviews which are rather positive, and hence why I decided to try it.
Previously, I’ve tried investing in gold and cryptocurrency, but after a while, they felt too volatile and risky. In fact, gold, considered among the safest kind of investment, isn’t performing well right now.
My strategy when investing in StashAway
I’ve learned that having a strategy when investing is important if I wanted to earn.
So, for StashAway, I decided to diligently put in money every month regardless of how the market performs.
This is called ‘dollar cost averaging’. According to Wikipedia, dollar–cost averaging reduces investment risk but is also less likely to result in outsized returns. The pros of dollar–cost averaging include the reduction of the emotional component of investing and avoiding bad timings of purchases.
Aside from that, if I notice the market is low (bad), I will pump in more money to get benefits from the lower prices.
I also am encouraging my readers, including you, to sign up with StashAway using my referral code, which is cyrildaa272w (you can also click on the link https://stashaway.my/referrals/cyrildaa272w). Signing up using my codes gives me, and you free management service by StashAway.
This means, we will both gain to earn more as we both will not need to pay any service fees to StashAway for six months.
Monthly StashAway Malaysia review
February 2021
At the end of February, I decided to start investing in StashAway. After filling up the survey, I was suggested to take on a 20% risk index. However, I was feeling adventurous, so I texted them to get mine to the ceiling limit allowed by StashAway, which was 36%. StashAway agreed, and I was moved to the higher risk index. I put in some money into the account. Deposit was made using a local bank by JOMPay. The money took sometime to get into my StashAway account, and I also scheduled a monthly contribution to an account which I called ‘HighRisk’. Within less than a week of my initial investment, the total value of my deposit dropped by 1.7%. This made me feel a bit anxious as I had already lost some money within less than a month with StashAway. However, reviews I have seen, proposed that losing money is a sign the market is bad, and it would be the best time to re-invest. Since, I don’t have any extra money to invest, I didn’t pump in any extra funding, but decided to do so in the near future if the market remains sluggish. This was on top of my monthly contribution.
March 2021
My monthly contribution was automatically deducted from my bank into StashAway. The market continued to show loses on my end, with me losing up to 2.9% on 8 March. I admit, I was worried, but on 9 March, there was improvements as I earned 0.2%. Yes, it was low, and and the market continued to show promise until it again, showed losses on 23 March. I was expecting the market to remain weak, and so decided I should pump in more money next month to capitalize on the weak market.
April 2021
In April, I decided to put in more funds to my HighRisk account to capitalize on the weak market. Unfortunately, deposits to StashAway takes time, and by the time the deposit was in, the market was bullish. This meant I was buying more shares at higher prices, the opposite of what I was hoping to do. Luck was not on my side as the market went sluggish again, just a day after my deposit went in. This means I incurred loses again! Pfft!
Regardless, I decided to diversify my investment by not only investing in the my HighRisk account which had a 36% risk index, but also a medium risk index. This medium risk, named MidRisk, had a 30% risk index. I know, it’s still high, but I remain optimistic with this MidRisk account. Like my HighRisk account, I will also set aside a small su of money to invest in this account monthly, just to see how it is compared to my HighRisk account.
I will update this post monthly to show the progress of my investment.
StashAway Malaysia review @ 9 April 2021
So far, I admit that I am kind of concerned with my StashAway investment.
The market seems to be dipping, and I have rarely seen any profits from my investment just yet as I enter my fourth month with StashAway.
That said, my StashAway Malaysia review for the month of April remains cautious, and I would not recommend it to those whom aren’t ready to see their initial investment getting less.
Review on from May – Nov 2021
To be honest, I totally lost track about updating this StashAway review. However, the economy does seem uncertain, and this is reflected in my StashAway portfolios which sadly are not doing that great so far.
It has been almost a year since I’ve joined, and I am losing money so far. Not much, but still losing money. Even the gains are also not great for now. However, I am still pumping in money on a monthly basis and hope that the market will surge and that my investment will be good.
However, for those who see this as an opportunity (since the market is low), it’s probably the best time to start using my referral codes (which is cyrildaa272w : you can also click on the link https://stashaway.my/referrals/cyrildaa272w) to start investing so that you can buy low, and earn more when the prices are higher.
Again, come back to this post, as I will keep updating it to show how my investment is doing.
