Amanda Ong
11 upvotes received
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StashAway is a digital wealth manager, that empowers you to reach your financial goals.
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  • Asked by Anonymous

    Amanda Ong
    Amanda Ong
    5 Answers, 11 Upvotes
    Answered on 15 Nov 2018
    Hi there, just thought I'd jump in to help you with your question. My name is Amanda and I work at StashAway. We keep it as flexible as possible for our clients- there is no minmum deposits, you can deposit anytime you wish, you can set a standing instruction with your bank to make monthly deposits or choose to stop your deposits anytime you'd like. We do however, recommend clients to keep investing through regular contributions in order to reap the rewards of dollar-cost averaging. You can read more about it here: https://www.stashaway.sg/r/dollar-cost-averaging. By investing a fixed dollar amount on a regular schedule, regardless of market conditions, you will purchase more shares when prices are low and fewer shares when prices are high. This ensures that you will invest at a reasonable price and exchange rate, and avoid investing at market tops, helping you to manage the risk of your investments. Therefore, reducing the probability of making a large investment at an unfavorable price/exchange rate, especially considering the volatile markets in recent months. With that said, investing steadily and consistently into a diversified portfolio, while maintaining a long-term perspective, will definitely have a bigger influence on your long term returns. I hope this helps! If you have any further questions, please feel free to drop us an email at [email protected], our team will be happy to help! :)
  • Asked by Anonymous

    Amanda Ong
    Amanda Ong
    5 Answers, 11 Upvotes
    Answered on 25 Oct 2018
    Hi! Thank you for your interest in StashAway! My name is Amanda and I am the Head of Client Engagement here at StashAway. Just to share, when you create an account with us, we will build for you a customized portfolio of USD-denominated ETFs, based on your goals, risk level and financial information. By investing in ETFs from different asset classes, our portfolios provide diversification . Metaphorically, as you do not "put all your eggs in the same basket", investing in diversified ETFs helps you to manage risks in the face of uncertainty. As we use fractional shares , you are able to achieve this diversified portfolio even with a relatively low capital outlay. Our portfolios are designed for medium to long term investment, managing risks and enhancing returns with our in-house investment framework. Our algorithms monitor your portfolios daily, and rebalance them regularly to precisely manage your portfolio's risk level. Our investment framework constantly monitors prices and economic indicators, and updates your portfolio allocation, helping you to navigate through changing economic cycles. You can read more about our investment strategy here: https://www.stashaway.sg/r/stashaways-asset-allocation-framework. By leveraging technology, we can be both time and cost efficient. We pass these cost savings on to you in the form of lower fees. If you would like to learn more about us, you can contact us at [email protected](mailto:[email protected]) or +65 6248 0889 (9am - 6pm, Monday - Friday, excluding public holidays). We will be happy to help! :)
  • Asked by Anonymous

    Amanda Ong
    Amanda Ong
    5 Answers, 11 Upvotes
    Updated on 11 Sep 2018
    Hi! Just to share, we have just reimbursed the witholding tax refund last week to all clients who are entitled to it for the FY2017. If you received a reimbursement, you would have received an email from us informing you of this :)
  • Asked by Anonymous

    Amanda Ong
    Amanda Ong
    5 Answers, 11 Upvotes
    Answered on 10 Sep 2018
    Hi there, We recommend that customers spread out large investments across several months, investing through dollar-cost-averaging and holding assets until your goal is reached By investing a fixed dollar amount on a regular schedule, regardless of market conditions, you will purchase more shares when prices are low and fewer shares when prices are high. This ensures that you will invest at a reasonable price and exchange rate, and avoid investing at market tops, helping you to manage the risk of your investments. Your risk level should depend on your risk appetite and not just on returns. You can read an article we recently posted here: https://www.stashaway.sg/r/debunking-high-risk-high-return. If you would like to get a better idea on expected returns of the different portfolios or if you have any further questions, you can contact us at [email protected](mailto:[email protected]) or +65 6248 0889 (9am - 6pm, Monday - Friday, excluding public holidays). We will be happy to help :) Best, Amanda
  • Asked by Anonymous

    Amanda Ong
    Amanda Ong
    5 Answers, 11 Upvotes
    Answered on 10 Sep 2018
    Hi there! Thank you for your question. After you make a deposit, it typically takes 1 - 2 business days for your funds to be processed and invested. We will first convert your funds from SGD to USD and then proceed to purchase the securities during the US market open. Best, Amanda

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