*Official* Shiny Things club - Part 2

[peipei1]

Markets bounced fast this round, investors are still buying with no fear!
Lessons learnt, if dropped fast, buy in fast? No more IWDA at 53.50!

I see some US firms giving lower 2019 forecasts, will take care how this goes as earnings sessions underway.

 

[Maeda_Toshiie]

Maeda: trust me, for something like this it’s not going to be a DIY thing. The amount of regulatory and infosec legwork you’d have to put in around something like a roboadvisor is not something one person can crank out in their garage (though you could do an MVP and use that to get some engineering legwork and funding to build the real thing).

I absolutely agree, but I'm not really in a position to do the leg work (no finance background or contacts) to really start a business from scratch. My thinking is that of building a prototype in the garage as a proof of concept first. Building up the rest of the infrastructure will come in later. Even so, I'm still quite some distance away from building the prototype.

Other thing to keep in mind: there are MAS requirements around registered reps (I think you have to have two) and regulatory capital (you have to have $250k for a basic license that only lets you serve accredited investors, or a cool million for a full license that lets you serve retail).

I don't have a mil, so it can only start off as a bespoke service but which will limit the customer pool. As for registered reps, well, that's a big problem unless I get people interested in investing in the business (after I build a prototype).

Separately I probably wouldn’t use PHP? That thing is an absolute security basket-case.

Welp, PHP is still highly popular, and there are best practices that do help a lot. Otherwise, Javascript, Python (or Ruby) are common alternatives.

DM me if you want to have a chat.

I'll keep that in mind. If I get a prototype up and running, I'll need critics.

*edit*
Oh if your side is willing to hire a somewhat overaged (ok, I'm not that old but not some spring chicken fresh out of college) foreigner as a trainee, let me know.

 

[revhappy]

Markets bounced fast this round, investors are still buying with no fear!
Lessons learnt, if dropped fast, buy in fast? No more IWDA at 53.50!

I see some US firms giving lower 2019 forecasts, will take care how this goes as earnings sessions underway.

When Shiny said he sold bonds and bought stocks, it was already a hint. I put 22k SGD into IWDA at 54.2 but I bought USD at 1.3775, since then IWDA has gone up and USD has gone down, so you can still buy IWDA with the cheaper USD.

Sent from Dont Take Any Of My Statment As Investment Advice. Do Your Own Due Diligence. using GAGT

 

[BlackRozeInc]

Anyone got any thoughts on the Temasek bonds?

Issuer: Temasek Financial (IV) Private Limited

Guarantor: Temasek Holdings (Private) Limited

Coupon Rate: Fixed rate of 2.70% per year, payable every six months

Tenor: 5 years

Maturity Date:

Expected to mature on Wednesday 25 October 2023, and be redeemed on maturity at 100% of principal amount, unless previously redeemed and cancelled, or purchased and cancelled, as provided in the terms and conditions of the bond

Offer Size: Up to S$400 million, subject to upsize up to S$500 million

If over-subscribed, the Issuer and Guarantor have the discretion to increase the size and determine the final allocation between Placement and Public Offer.

Placement: S$200 million to institutional, accredited and other specified investors

Public Offer: Up to S$200 million to retail investors in Singapore

Issue Price: S$1 per S$1 (being 100% of the principal amount)


Minimum Application

Placement: S$250,000, or higher amounts in multiples of S$250,000
Public Offer: S$1,000, or higher amounts in multiples of S$1,000

Looks much better then next months SSB issue.
Personally it looks interesting.

 

[exclusiv3]

hi all,

i am just starting into investing journey, knows nuts about investment.

Just finished reading ST book, wanna know which StanChart account to open, the basic account?

 

[ipwntnoobs]

hi all,

i am just starting into investing journey, knows nuts about investment.

Just finished reading ST book, wanna know which StanChart account to open, the basic account?

If its just for the sake of having one, you can open the e$aver account. Everything is done online (no debit/ATM card), but there are no monthly fees like the other accounts, I opened mine just 2 weeks ago.

Remember to bring the required forms . Scroll down to find

• Single Account application form
• W-8Ben form (for application of access to US markets)

And tell the staff you want to open a USD settlement account.

 

[fmradio]

Min $1k balance else u kenna fined $5 every month.

 

[exclusiv3]

Min $1k balance else u kenna fined $5 every month.

ya. the basic is only $2 maintenance fee/mth. no min deposit/ fall below fee/ etc.

im just opening this account for investment purpose only.

 

[MrHighlander]

Any views on the new Temasek Bond? 2.7% per annum - only thing is market price may fluctuate if you sell it on SGX

 

[Mecisteus]

Any views on the new Temasek Bond? 2.7% per annum - only thing is market price may fluctuate if you sell it on SGX

If you buy and plan to hold till maturity, you don't need to worry about market price.

 

[lawd2005]

update

Ok - so minor update:

1. Sold down my 2 biggest indv share positions - bought IWDA with all proceeds
2. Bought my first MBH with my cash - buying through iOCBC (I buy most through IBKR - but supposedly I can't buy SGX with IBKR if account is from SG - not a big deal)
3. still have 4 indv tickers - 3 are long term holds, 1 is sell and buy IWDA - but I am waiting for next earnings. I won't apologise for these - they are companies that I know

Feeling so much happier for doing this - sold down my biggest indv stocks and bought IWDA

Also, putting the cash in to MBH is a great feeling. My iOCBC has daily limits - but plan to put all of it in over next few sessions. It feels so good.

Thanks all for the advice and support.

 

[Shiny Things]

Markets bounced fast this round, investors are still buying with no fear!
Lessons learnt, if dropped fast, buy in fast? No more IWDA at 53.50!

Or maybe you could just leave your portfolio alone instead of freaking out over every little twitch in the market?

Seriously, dude, switch to decaf.

I absolutely agree, but I'm not really in a position to do the leg work (no finance background or contacts) to really start a business from scratch. My thinking is that of building a prototype in the garage as a proof of concept first. Building up the rest of the infrastructure will come in later. Even so, I'm still quite some distance away from building the prototype.

DM me. I've had a couple of people thinking the same way.

Anyone got any thoughts on the Temasek bonds?
Looks much better then next months SSB issue.
Personally it looks interesting.

Ehhh. It's slightly better than a 5-year govvy bond, but I still think you'd rather own MBH and get the extra 30bps of yield.

 

[SpeedingBullet]

Is there a way to invest in say, 3-month USD LIBOR contract?

 

[Kennethzzz]

If I'm planning to put aside 1k sgd per month and buy into IWDA every 3 month, should I go SCB or IB?

IBKR for your global stocks (IWDA), Stanchart for local (ES3 & MBH

Hi Shiny Things, from my understanding you need to maintain 10k or 100k (whichever, not too sure) in your IB or you will be charge with some kind of fee. If I am not planning to put 10k or 100k inside and will only start putting in 3k sgd in IWDA every 3 months, will you still suggest going with IB?

Thank you.

 

[wannabelazy]

Hi Shiny, for those of us who consider our CPF as the bond portion of our portfolio, it doesn't exactly provide a hedge against our equity portfolio in the sense of price fluctuations, right? Compared to say buying MBH, which would presumably do better when equity markets are down and vice versa. The only thing CPF gives you is that guaranteed return. So from a total portfolio perspective there's still some volatility in a portfolio that comprises only IWDA + ES3 + CPF. Yet allocating funds to MBH would mean overweighting bonds. What's the right way to think about this?

 

[viventa]

Or maybe you could just leave your portfolio alone instead of freaking out over every little twitch in the market?

Seriously, dude, switch to decaf.

I've learned to tune out attention-seeking and/or tone-deaf clowns like this one. It would help if revhappy stops feeding the troll, too

Ehhh. It's slightly better than a 5-year govvy bond, but I still think you'd rather own MBH and get the extra 30bps of yield.

Are there any reasons why someone would want to get this over MBH?

 

[archcherub]

Do you have a friend or family member living in NY who you trust and who is willing to let you use their address?

After 3 months have past you can also apply for your own credit card and your friend can remove you from theirs once approved. As far as transferring funds into your US account, Transferwise is generally the best way to go. Even for large amounts, the Citibank Singapore exchange desk will typically only give you a SGD-USD rate that is similar to DBS board rates, or about 0.6% from spot.

sorry, missed out on your message earlier. nope.. no friends nor relatives in NYC. haha

Chase tends to be a very domestic oriented back in the US. If you don’t have a US address, you might want to check with either Citibank or HSBC since both operate in the US retail space and both are accustomed to dealing with expats. It might help if you are an existing customer of theirs in Singapore, especially if you have some status.

citi priority $70k SGD
citi gold $250k SGD
this is getting more troublesome than i earlier thought. hahaha

 

[Calpha K]

Understand that MBH is the new replacement for A35.

Is MBH superior to SSBs as well?

Would there be any real benefits to transfer funds from SSBs to MBH?

Also, Don't seem to see MBH offered under POSB-IS

 

[tangent314]

SSB has the risk profile of a AAA rated government bond.
A35 components have the risk profile of AAA government bonds and quasi-government companies
MBH components have the risk profile of investment grade (anything from BBB up to AAA) rated bonds

So whether MBH/A35/SSB is better for you depends on the kind of risk you are able to take. For most people, MBH is 'safe enough' and gives a good balance between yield and risk.

I would expect MBH to be available on POSB-IS soon. Afterall Nikko AM's 2 others ETFs are already available there.

 

[smart_alex]

Now Radio and TV news keep spamming abt the new Temasek Bond

I feel a bit weird