Anonymous

10 Jul 2019

∙

Will stashaway allow us to credit the dividends gain directly into our bank instead of reinvesting it?

I understand that now they are reinvesting our dividends. Is there a possibility of recieving the dividends as cash when we choose to stop reinvesting it?

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Kenneth Lou

10 Jul 2019

Co-founder at Seedly

Hi anon! As far as I have been a Stashaway user myself and also hosting the shows with our panelists during the Robo advisor episodes, you will be unable to directly credit dividends into your bank account directly.
It will be reinvested directly which I think makes the most sense for long term investors because your investments will be able to compound that way. Cheers!
I'm quite satisfied my performance thus far (around 10% returns), so that's a pretty good sign, and I can choose to withdraw the total amount inclusive of capital and dividend gains with no withdrawal fees as well.

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Investing using SRS Account via POEMS 1.) Please can anyone share if there's any bank charges involved? Mine's OCBC. 2.) Will dividends payout be credited to SRS account directly or to POEMS account?

CDP dividend crediting via DCS (direct crediting service) - how is this different from applying for the dividend to be credited using GIRO?

How do I know if the share i brought allows for Dividend Reinvestment Plan (DRIP) and where can I actually find the info? Is it recommended to reinvest dividends?

With the 30% withholding tax in US. Would you still look for opportunities for dividend stocks in the US? Or just invest in the US market just for capital gains?

Would dividends from my stocks get credited into my CDP DCS bank account OR get credited back into my DBS Vickers Multi-Currency account?