interested in investing in stashed away? then this is the video for you
welcome to the financial fitness channel my name is Ivy, if you're new here our channel is all about money and
self development tips so if you have not subscribed to us, feel free to hit the subscribe button down below
today I will be sharing my experience with
you from using stashed away
disclaimer I am not an expert nor am I representative of the company
so if you really are interested,  then go look for the company
so lets get started
i roughly invested about 1000.
That’s usually my standard amount, but min
is actually only rm100 but if you can afford
to invest more then do feel free to do so
but you take care of your own risk ya
Hmmm, depends what you compare with of course.
after 3 months of investing, my RM1000 grew
to RM1006.67
so i earn about 0.67 percent.
so if you compare this to a banks savings
account I guess this was a slightly better
return.
but personally I didn’t have any high expectations
because I knew this was not a guaranteed investment.
So exactly how does it work ?
It;s my first time using this platform, and
for a first timer myself, I find the beginners
guide to be very helpful.
Once I downloaded the app, the step to step
process was very simple and direct.
they included a survey which you must answer
and after that they will analyze and recommend
the investment strategy and funds that suits
your risk portfolio and financial goals.
They also provide a very extensive FAQ site
which you pretty much can find most of your
answers there about the stashaway.
Like for example, If you goal is to save for
a vacation fund in 8 months.
So they will list down the bundle of investments
which the app recommend putting it in.
Of course if you want to make it riskier or
more conservative, you can request them to
alter it for you as well.
Can it be trusted or not ? Is this legit ? Not
money scam right?
I know how u feel, I had same thought because
roboinvestor is still consider very new in
the market.
I think only but a handful in Malaysia knows
about it.
Before i went and try it, I did a lot of research
and read that stashaway is officially approve
by the Malaysia securities commission then
only I decided to give it a trial run.
After trying for 3 months, the customer service
Whatsapp feature had been very helpful and
professional.
Even when I decided to withdraw, they credited
my money within 3-4 working days as noted
on the app.
So I can quite confidently say that it is
legit.
But In my own personal experience, if you
going to try any unfamiliar investments, then
only invest the amount that you are comfortable
with and you must be prepared that you may
also expect a total loss.
So don’t over invest!
So what’s the bad point about it
So ..... as I’ve previously mention, after
3 months of investing, I only gain about 0.67%
return after deduction of the management fee
of course.
Maybe if you are doing a more long term investment,
you would see a better growth but I personally
find it a bit slow.
I’m a moderate experience investor, so I
invest in shares quite often so I’m quite
use to experiencing high risk high return
investment.
On top of that, I’ve my own personal opinion
and preference on what kind of shares or companies
that I like to invest into, I like the thrill
in investing so I would stashaway may not
be my preferred type of investment.
So do you think it would be a good idea to
invest in stashaway?
Hmmmm...
It depends.
For me I don’t think ill be using this platform
anytime soon.
If you are a beginner investor and you don’t
know much about investing, roboadvisor is
a very similar solution to unit trust where
you have other professionals help manage your
funds instead.
Is just that instead of asking a human managing
your fund, roboinvestor uses, algorithms and
systems to automatically reinvest your portfolio
according to your risk, yours goals and the
market changes.
And the management fee is also way lower compared
to unit trust.
But if you feel you prefer human managing
your funds than go ahead invest in unit trust
or other investment that requires human interaction.
Because I think there is only an extend of
what a robot can do and I do prefer having
opinions and suggestions from a human being
when it comes to my investment portfolio.
So all and all, I can just say that it really
depends on your own preference.
If you got a good amount of money, then the
best practice is still diversify your portfolio
and invest in both sides.
You can always change your portfolio along
your investment journey.
Thank you for watching, if you find this video
useful then give it a thumbups, do share with
us your own experience with stashaway, we
and also the community would love to hear
from you.
Until next time, bye!~
