w1rbelw1nd
Master Member
- Joined
- Dec 12, 2010
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My target is for my cash portfolio to be split 50/50 foreign/SG. CPFIS and SRS because of restrictions are mainly SG shares.
I wonder how to explain the extreme home country bias in local investment bloggers? Surely they have some investment knowledge (hope they are not throwing smoke in their blogs) so they have heard of the word "diversification". But they have made a conscious decision to avoid foreign stocks.
On SRS and CPFIS, I foresee that will be a struggle for me as well. SRS/CPFIS restrictions effectively forces us to either stockpick Singapore equities/ buy ETFs, or buy unit trusts with foreign equities exposure. So am I right all in, your portfolio is still heavy on SG shares if you take into cash and SRS/CPF? I probably only invest in STI ETF for my SRS/CPF OA, but since I am not a high earner, my projections point out that I will exceed my 15% overall exposure in SG-listed equities if I were to invest in SG sgares through SRS/CPF OA.
I dont think very positively on local bloggers, frankly. Yes, most of them may be altruistic and do it out of interest and passion, but also because of doing it for interest they have a tendency to interact with people of the same mindset (a sinkie tendency, no doubt), rather than challenge their own thinking. Just take a look at ASSI facebook page.
Quite recently there was a reader commenting that he should share more on his failures and bad picks. ASSI immediately (IMO) self-victimise himself and say things like "yea maybe i should take a break from blogging, since my sharing has adverse impacts on readers" and lol all the ASSI white knights come in and comfort him. The point is, under an environment where like-minded people seek each other, and just parrot each other, can these bloggers give a truly learned, informed and balanced view?
Anyway the post is on 26 feb
My response to a very long reply from W Y.
It is too long to reproduce here. If you want to read it, go to my blog's comments section:
http://singaporeanstocksinvestor.blogspot.sg/…/hock-lian-se…
Sounds like I have to shoulder more responsibility if I want to continue blogging. Not something I want to do.
I am working on a couple of new blog posts now. It would be a shame to stop halfway. I will complete them and then take another break; this time, it will be a longer one.