Planning Your Wealth Goals? This Platform Is A Great Way For Beginners To Start Investing

If there's one thing that we can agree on about building wealth, it's that it takes time.

Cover image via Smartmockup (Edited by SAYS)

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This Spotlight is sponsored by StashAway.

Whether it's planning for retirement or buying your first home, we all have financial goals we'd like to achieve

And in order to make our financial dreams a reality, many of us turn to investment funds to help our money grow — or maybe you're still unsure, so the idea of investing is still floating in your mind.

After all, the whole process can be overwhelming, especially if you're a beginner or lack the time and resources to properly manage your assets.

What if you don't see any returns from your investment, or worse, lose all your money? How do you even begin and where do you invest your money? These are all legitimate and important concerns.

Enter, StashAway, a platform that offers you a low-cost, intelligent, and tech-driven approach in managing your money

When you open your account, you'll be asked questions that assess your preferences — like a wealth manager that fits in your pocket. :D

During this process, StashAway will get an idea of your investment preferences and provide advice specially tailored to your goals and financial situation.

Saving for your travels once borders reopen? But also want to have funds for a rainy day? You can keep planning for different goals too! You'll have the flexibility to explore more features and create additional portfolios so you don't have all your eggs in one basket. ;)

Designed by expert investors to manage portfolios, StashAway uses advanced technology and complex algorithms to better understand the market, ensuring a data-driven decision when it comes to investment decisions

Another sweet aspect about StashAway (besides the convenience of checking the app on your smartphone whenever you want)? Well, it is hands down the app's transparent pricing structure.  

On top of zero fees for withdrawals, you won't be charged a single ringgit when you open or close an account on StashAway too. This plus its annual low fees that range from 0.2% - 0.8%, makes investing on the app an attractive option for many.

Is StashAway legit?

Yes! StashAway is licensed by the Securities Commission Malaysia, so your money is safe. And in the unlikely event that StashAway goes bankrupt, your funds are kept safe, since your assets will be stored in a large institution separate from StashAway.

Should the technicalities still intimidate you, there's also StashAway Academy for users to learn more about investing, no matter your level of understanding. Cool, right?

Here are more things you can expect from StashAway:

1. No sales charges when you invest or decide to close your account

2. Low FX conversion fee of 0.1% to invest globally

3. Unlimited, free transfers between portfolios

4. Rebalancing, transaction, and reoptimisation costs are included

If you're still on the fence, here's what doctor-turned-comedian, Dr Jason Leong, thinks about the hidden costs of investing and why he uses StashAway:

In January 2021, StashAway reached USD1 billion in assets under its management - that's over RM4 billion of funds under their care, which is quite an impressive feat!

If you've decided to take your first step in planning for your financial future, you're in luck because Dr Jason Leong also has a promo you can take advantage of, so you can save even more on fees.

Simply enter 'DRJASON' into the promotions tab and enjoy three months of waived management fees on fresh deposits you make. 

We can all agree that building your wealth is a long-term plan, but cultivating the right habits can lead to reaching your goals sooner. So, what better way than to start your journey with StashAway now!

Download the StashAway app from the Apple Store or Google Play today. Alternatively, you can sign up on their website too.

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