StashAway Simple™ Review - Better Than Fixed Deposits?

[@MillennialFinanceMalaysia]

Want to invest with StashAway? Don't forget to use our link ► themillennialfinance.com/stash to get 50% off your management fees for the first 6 months. Are you going to use StashAway Simple? Let us know!

[@kaz7529]

Stash away simple takes around 1-3 days to withdraw to your bank account

[@MillennialFinanceMalaysia]

Thumbs up this comment so people can see it 🙌

[@alifazam8091]

Finally there's a review for StashaAway Simple

[@MillennialFinanceMalaysia]

Hope it was what you needed!

[@kumarmano3879]

I prefer stashaway simple. Just deposit 10k today. Before that I was put in fix deposit unne bank.

[@MillennialFinanceMalaysia]

Good point Kumar! :)

[@rubennadevi]

Very informative and clear. Thank you! Love from Singapore ❤️

[@MillennialFinanceMalaysia]

Awesome, glad it helped :)

[@woohogyu]

Review I’ve been waiting for! Thanks for the informative review.

[@MillennialFinanceMalaysia]

No problem! Glad you got something from it 😬

[@Sheikhlucifer98]

Hi guys, i was wondering if stashaway simple is similar to asb financing? And if it is which one would you prefer to keep your savings

[@MillennialFinanceMalaysia]

Hey ameerul, thanks for the question! StashAway Simple is like a fixed deposit (FD) without a min. lock-up period meaning you can withdraw your money anytime. The underlying asset is Eastspring Investments Islamic Income Fund, which is shariah compliant and you can expect returns similar to fixed deposits or better. ASB is an investment fund managed by PNB. You can also withdraw anytime and returns are higher than FD or Simple, but it's only available to Bumiputeras and capped at around RM400,000 paid capital. ASB financing is a method that uses leverage (debt) to invest into ASB. With this method you can increase your return on investment over time, but you also have to know what you're doing and risk taking on debt. Hope this helps, let us know if you have other questions :)

[@sseulreal]

hi, does anyone know how many days does it take if i make a transfer from simple to 1 of my investment portfolio? thinking will it be immediate/be lesser lag time since it’s a transfer within stashaway itself...

[@MillennialFinanceMalaysia]

Hey there! I haven't tried this out, but don't think it'll be immediate since StashAway has to sell the investments from Simple and then reinvest onto your other portfolio. Could be lesser time that withdrawing the money completely though :)

[@kirayamato7034]

Suposely i have excess 30 k should i invest it large sum or monthly ? Tq

[@vinodabstract_]

Thanks for the in-depth explanation OP Emir!

[@MillennialFinanceMalaysia]

Thanks for the support bro!

[@sitihassanahhassan2642]

Quick question, when we use stashaway, do we still need to open cds and trading acc?

[@MillennialFinanceMalaysia]

No we don’t! We don’t do any of the trading per se as StashAway does it on our behalf. It’s a very simple signup process :)

[@luncaiceplosz3362]

Just install the app or register on the website. Use referral code to enjoy free management fee (up to 50k deposits only) for 3 months for both you and the referee. Very easy.

[@zizoul7307]

Amazing video Emir. Thank you for clear & detail explanation

[@MillennialFinanceMalaysia]

thanks so much, really appreciate your comment :)

[@exchub1]

Thank you for detailed explanation - simple and interesting

[@MillennialFinanceMalaysia]

No problem! Thanks for the kind words :)

[@harithalau1970]

hi, great content. but I just want to know, is it recurring or a one off deposit? thank you 🙏🏻

[@MillennialFinanceMalaysia]

You can set it either one off or recurring, completely up to you! :)

[@harithalau1970]

@@MillennialFinanceMalaysia alright thank youuuu🙏🏻

[@azlinsyahirah7927]

Need more videos like this!, thank you so much!

[@MillennialFinanceMalaysia]

Really glad you enjoy it Azlin! More to come :)

[@azmudd1]

Terima kasih atas review stash away. Banyak belajar.

[@MillennialFinanceMalaysia]

Semoga berjaya bro!

[@drnabilmohammadazmi2015]

Thank you for the review. Great channel and looking forward for more videos in the future.

[@MillennialFinanceMalaysia]

Our pleasure Nabil! Thanks for the kind words :)

[@akuskst]

please do a video regarding Funding Society (peer2peer) we invest money for SMEs through crowdfunding and receiving interest rate

[@MillennialFinanceMalaysia]

Hey Ammar! We've actually used Funding Society so getting a video up shouldn't be too much of a problem. Stay tuned!

[@Cc33119]

Can you please make a video comparing stash away simple & stashaway investment ? Tq

[@MillennialFinanceMalaysia]

That's actually a good idea! Will consider :)

[@soullstudio9593]

Wow, first ever financial advise video i watched entirely without skipping, well except for ads 😅 sorry tho

[@MillennialFinanceMalaysia]

Haha thanks for watching!

[@yt-xn8bm]

OMG Thanks for the tip! Will try it next month!

[@MillennialFinanceMalaysia]

go for it! :)

[@testrun5685]

How/where do we check the interest performance of stashAway simple? So it is mean that returns could be more than 2.4% per year?

[@MillennialFinanceMalaysia]

Yep, it could be more or less than 2.4% annually. You can check the payout by the fund manager, Eastspring, monthly :)

[@chunminchia1185]

Hi, may I know the profits gained from those portfolios are taxable? Do we have to file such gains in tax return?

[@MillennialFinanceMalaysia]

Hey man, are you Malaysian? If you are, we don't have capital gains tax on stock investments, so no need to file it in your taxes :)

[@小杰-d5k]

As i know stashaway actually didn't directly receiving your fund and your funds are in a separate custodian account ( in citibank ), isn't ?

[@MillennialFinanceMalaysia]

Yep think you're right. This way they don't get to just withdraw our funds as and when they like :) An extra layer of security I suppose

[@yulopthegreat]

Then how stashaway invest without touching ur money

[@C0C023a]

Hello Sir Emir! I could you help to give an updated review of Stashaway simple? or perhaps the differences between Stashaway portfolios please? I am new to your channel, and I LOVE IT! I got burnt trading Forex before, and would like to change my tactic to investment, and I think your channel is really perfect for it, awesome contents and very relatable info for someone who live in Malaysia :) Keep on making awesome videos, and Kudos to you!

[@MillennialFinanceMalaysia]

Appreciate the kind words! Alright will put this on my list of future content to make :)

[@C0C023a]

@@MillennialFinanceMalaysia Thank you so much bro! A quick question, which one do you think is better to keep money, KDI Save or Stashaway Simple? Unfortunately Versa and Go+ are not an option for me, since I am a foreigner 😬

[@asianism8127]

any maximum cap for stash away simple's fixed deposit?

[@MillennialFinanceMalaysia]

Not that I know off hahaha, haven't reach there

[@petergan4403]

What is the min age for Stashaway Simple?

[@MillennialFinanceMalaysia]

Believe it’s 18 😬

[@sharonessaumang4173]

so that's mean contoh mcm I just nak simpan duit dlm staswhaway simple. I can withdraw anytime? mcm I want to use it to pay my debt for every month. is there any changes in my monthly investment?

[@MillennialFinanceMalaysia]

yes thats correct! anytime pun you can withdraw to pay off any monthly commitments :) your monthly investment will go up or down depending on how much you deposit/withdraw

[@sharonessaumang4173]

@@MillennialFinanceMalaysia thank you so much for responding! i appreciate it

[@MillennialFinanceMalaysia]

@@sharonessaumang4173 no problems!

[@libird3096]

does it compound over time?

[@MillennialFinanceMalaysia]

yep definitely :)

[@ShafinazShoib]

Can you talk about gold investment please?

[@MillennialFinanceMalaysia]

Sure! Lots of people invest in it, so will take a look

[@galaxymetta5974]

One moment say the 60% placed in Islamic banks never move more than 0.1% since 2009, next moment say the fund give 2.4% return. How is that possible?

[@MillennialFinanceMalaysia]

Never move in price, the 2.4% comes from payouts or dividends :)

[@firz.9398]

It usually takes about 1-2day after u request for withdrawal

[@MillennialFinanceMalaysia]

Thanks for the info Firdaus! Appreciate it :)

[@allentham5497]

Informative video!

[@madhav2219]

Is it basically unfixed deposits?

[@MillennialFinanceMalaysia]

I'd say its even better than unfixed deposits. No minimum deposits and interest is paid monthly!

[@SaadonAksah]

Nice one 👍

[@raziqirfan1845]

Whats the difference between this & asb?

[@MillennialFinanceMalaysia]

In terms of how the portfolio acts in giving returns, its actually quite similar. Minimum risk, dividend payout style. There are some small differences like frequency of payout, dividend %, liquidity, how they invest the money.

[@amurtiger9255]

raiz wahed stash which one is better for investment

[@MillennialFinanceMalaysia]

Hard to say man, all have their different pros and cons. Maybe can try all 3 with small money to test, like we did 😂

[@amurtiger9255]

@@MillennialFinanceMalaysia i started small amount 500myr in raiz moderate long term .and also registered in wahed stash but didn't invest yet

[@MillennialFinanceMalaysia]

nice one. do you like it so far?

[@amurtiger9255]

@@MillennialFinanceMalaysia no i really don't like it raiz. Invested rm.517.48. - market return 1.03 😒.

[@MillennialFinanceMalaysia]

hahahaa its for the long run! we'll judge them after a year

[@4smemalaysia714]

Enjoyed this!

[@MillennialFinanceMalaysia]

Glad you did!

[@lenechen5616]

How from stashaway simple and transfer to investment stashway

[@MillennialFinanceMalaysia]

Heya Lene! Go to your StashAway Simple portfolio and click transfer. You'll be able to choose which portfolio to send it to :)

[@msl1689]

I'm looking for investments that will give me 6% or more. Since the market is really bad now, where would you suggest I invest in to get such returns? Other than ASB I mean.

[@MillennialFinanceMalaysia]

Hey man, there aren't many investments out there that can guarantee returns. Over the long run, investing in an index in the stock market should get you the >6% you're looking for :)

[@chee1989]

Thanks bro for this review

[@MillennialFinanceMalaysia]

You're welcome :) hope it helps!

[@goldenoh7859]

I mean honestly, investment isn't just about knowledge but balls LIKE TONS OF BIG SAGGY BALLS Like if you studied everything about it but a small dip is enough to make you jumpy, then bank is just enough for you 🤣 I invested RM 100 right away after I read their " patch note " on stash away simple, and returns? Well RM 0.08 if you're wondering as of this point today when I'm writing this comment . Decent? Bad? Well money is coming in I see nothing to complain on 🤣 I can definitely see myself invest more on July , diversify man . That's the key And decent video as always, you're doing the honoured work lifting others up. Hustle hard ! See you at the top !

[@MillennialFinanceMalaysia]

That’s great man! You’re right about how investments always come with risks, but everyone’s different. We’ll be putting more into StashAway simple too :)

[@abdulhakeembinmoosa]

Is it ethical investment?

[@MillennialFinanceMalaysia]

If what you mean by ethical is according to Shariah standards, then yes StashAway Simple is Shariah compliant :)

[@azfaramran5135]

shariah compliant?

[@MillennialFinanceMalaysia]

StashAway Simple is shariah compliant, yes :)

[@dy2468]

take it easy on your physical movements and camera zooms in and out. its hard to watch

[@MillennialFinanceMalaysia]

Thanks for your feedback! Will keep that in mind for the next video :)

[@selenang2623]

Sikit sikit lama lama jadi Bukit.

[@MillennialFinanceMalaysia]

Exactly! :)

[@nassminamanda9106]

Good review, thank you guys!

[@MillennialFinanceMalaysia]

Our pleasure! :)

[@astrodomelife1819]

stashaway simple vs versa affin hwang.. stashaway simple beat versa in term of cash management.

[@MillennialFinanceMalaysia]

Wow really? We're actually just testing versa now haha will do a review

[@ajaj9056]

Great content bro. Abit too monotonous

[@MillennialFinanceMalaysia]

Thanks for the feedback man, really appreciate it! Let me try to fix it on the next video 😜

[@n__5049]

Can a Singaporean join a Malaysia stash away because being a Muslim I need to have a Muslim friendly investment and MY stash away can provide that for me

[@MillennialFinanceMalaysia]

Hey there, I don't think the Malaysian version of StashAway is syariah compliant either :( maybe check out Wahed?

[@thevarirajneethiahnanthan5042]

💯💯💯💯

[@goldenoh7859]

1k sub coming yooooo

[@MillennialFinanceMalaysia]

🤞

[@REDREDStrawberry]

rest your hands.

[@MillennialFinanceMalaysia]

haha will do!

[@missmisha29]

Youre good looking tho

[@MillennialFinanceMalaysia]

haha thank you!