Hey, how's it going? My name is Helmi and I'm from Belkini, so in this video I'll be sharing my eight month update of investing in white invests and stashway. But before we begin, apparently in my last video where I deposited 1000 rgit each, I made an error that my portfolio that I invested in wasn't actually the riskiest portfolio, but it was actually the second riskiest. Alright, so now we got that out of the way. Let's start with the summary. Sharia Complyancy. So stashway is not officially Sharia Complyant, whereas white invests, they're marketing themselves as the Sharia Complyant Investing app. So it really depends. If you really care about not investing in non-sharia compliant investment, then white invests just makes a lot of sense now, doesn't it? It's a no-brainer. Oh, early disclaimer. This is sharing my portfolio. I think everybody's portfolio will be different to some extent, so don't expect yours will be exactly the same as mine. I think timing matters a lot and everybody's outcome will be unique. So what I did was I deposited 10,000 rgit into each of stashway and white invests in around July of 2020. And I set both of the portfolios to be not the most aggressive, but the second most aggressive portfolio. So that was July and in around December of 2020, the results were quite polarizing for stashway. My portfolio was constantly hovering below 10,000 rgit, which is the value that I deposited. It went down to an average about negative 100 rgit, so it's kind of like a 1% loss consistently throughout those months. Whereas on white invests, I made a consistent profit of around 4 to 500 rgit of that 10,000 rgit that I deposited. A lot of people would disagree with how I count, but you can calculate however you want. But for me, I put in 10,000, I profit 500, that's a 5% of me. All right, now where do they spread my money? So for stashway, it's pretty much all over the world, North America, Europe, everywhere pretty much except for Malaysia for some reason. White invests on the other hand, puts your money into two big places, which is US HALAL stock market and also Malaysian stock market. So for me, I am kind of 8 months in and the pros of using robot advises like significantly I weigh the cons. So I'm totally loving robot advises and I will invest more in the future. So after 8 months of me using this, who do I think robot advises a 4? If I have a friend who's just out of college, they wanted to know how to start investing, but they feel overwhelmed with all the financial lingo out there and they don't really care that much to do the research or whatever. I think robot advises a pretty good way to keep everything on autopilot because I feel like it's really designed for millennials or Gen Z's because we are the generation that want things really quick, we're the internet generation, we want everything on our phones. So this is what the robot advisor is giving us. It gives you access to your account on your phone where you can pretty much do everything. You can see how you're doing, you can see how much money you're making, you can see how much money you're losing, you can decide you can put more money if you want to or you can decide to take money if you want to. And you can do all of that in the comfort of your own home, you can do it on your toilet as long as you have your phone and internet connection. So I think that's really cool and it appeals to the millennial and Gen Z. Because if you think about it in Malaysia we have ASB or ASNB which I think is the default for many but one thing that bugs me a lot about it is that you can't withdraw money at least a large amount online. You have to go to the bank physically and you can only do that during office hours. So meeting if you're working you've got to take a day off. You've got to take a day off just to go to the bank, think about that. And once you're at the bank you better come really early in the morning where there's not a lot of people that you got to fill in the form, queue up and then talk to the guy at the back of the counter to withdraw your money. To me it's ridiculous. You don't have to deal with none of that with the Robo Advisors. Second, the thing is not everybody's interested in let's say researching the market, looking at financial reports. Like I don't really care, I just want to live my life. I would rather do something else rather than reading some company's financial report. You know, I think for people like that who don't care or don't want to allocate that time to do the research they don't, I don't enjoy it. So that's why I feel like the Robo Advisors is good for people like me. You just put in the money, you set your risk and then they'll figure it out automatically. Then this Robo Advisors makes a lot of sense. Now, so who do I think Robo Advisors are not suitable for? I think it's really not suitable for people who really enjoy picking out their own investment. Alright, so let's start with the results of my stash away. So I got my computer over here and I'm going to show you some screenshots that I got. So here's the two points that I split the 10,000-reget deposit into two. And after there was a total amount of 10,000-reget in my portfolio, I didn't really do anything. I just left it there, I didn't add more money, I didn't withdraw any money. And as you can see, the value of my portfolio covers below the 10,000-reget that I originally invested in. So I wasn't too happy to consistently see that my portfolio was profiting negative 100-reget-ish around there, so that's about 1% of my portfolio value. And sometime in late October, my portfolio dropped to its lowest point, which is 500-reget below 10,000. So that's a negative 5%. So after a couple of months of this, there were more times it was negative than it was in positive for stash away. I decided at that point maybe around December that, oh you know what, maybe stash away isn't for me. So I decided to withdraw all of that 10,000-reget and do something else with it. Alright, so now let's take a look at why it invests. It's the same thing, I deposit about 10,000-reget in July, same with stash away. And over the course of the next couple of months, my portfolio value is steadily increasing ever so slightly above 10,000, so I'm making a profit. So at the end of November or December around there, my portfolio said that I have earned around 500-reget. So that works out to be about 5% of the original 10,000 that I put in. So I was quite happy with why it invests. I feel like it was predictable. It's not returning as much as I thought 5%, but it's still pretty good compared to what I had to go through with stash away. And here's the breakdown of where why it invests puts my money. Majority of it about 45% is in US halal stocks and the other part is in Sukku and Malaysian bonds. What is Sukku? Let's Google it real quick. Alright, Google tells me that Sukku is basically a Islamic bond. So it's a bond that is Islamic. It's called Sukku. Now, can I withdraw my earnings? And the answer to both is yes. The moment that I request that withdrawal on the app to the point that I actually receive the money in my bank account is probably between 3-5 business days. For example, in stash away, the moment my portfolio went back up above 10,000, I immediately withdraw. And I did manage to get all my money. So that was, yeah. Why it invests is the same deal. So right around February, early this year, I had an anniversary dinner to a nice fancy restaurant. And I decided to withdraw a little bit of money from my earnings and why it invests to offset that. As I look at it, it's kind of like a free dinner. So it's pretty good. Some of these profits that you just put in, you didn't have to do anything, you didn't have to monitor anything by your cell or whatever. You just put it in and after a couple of months you make this much money that is enough to pay for your fancy anniversary dinner. That's a win in my book. So there you go. Overall, the pros of the robo advisor outweighs the cons. And I feel like robo advisors are really suitable for people like me. And for people who are new to investing, they don't know where to start. I think robo advisor's it is a great place for you to start investing. So what will I do next? I think I will continue to put more money into what it invests every month. And on the same part, ever since I talked to some of my friends who are also investing in both what it invests and also stash away, where I said, hey, you know what, I'm not earning that much in stash away. I think what it invests doing a lot better job to me. And then when I told them that and they're like, oh really, I'm like the other way around. My wallet invests not doing so well, but my stash away is doing really well. So that caught me thinking that this thing really depends on your timing or when you put the money in, in my opinion. So just because stash away didn't work for me at this time, doesn't mean that it's not going to be working for you. So which brings me to my next move. So I don't think I've entirely given up on stash away. I will plan to reopen another portfolio with stash away, but I'll try again with a much smaller amount next time. So there you go. If you're interested in a robot advisors between stash away or why it invests, if you don't know which one to choose, why don't you just do what I did. Sign up for both, split your money into two, and let it run its course for a couple of months and see which one is better for you. So both of the links to sign up for stash away and why it invests is down there in the description. If you use my code over here to sign up for why it invests, you're going to get $2.5 US bonus credited into your account, which I think is pretty cool. And for stash away, if you use my link, you will get up to 30,000 Winkit worth of your portfolio value, manage for free for six months. Pretty good bonus for you. All right. So I hope my sharing has been beneficial and I'll see you in the next video. Goodbye.