*Official* Shiny Things club - Part 2

[kehyi4]

I was thinking of how to minimise my srs brokerage fees (to purchase es3). Always been using poems for donkey years. Then read about this dbs vickers cash upfront 0.12% and the shares will be under your name.
Any catch?

the catch is that Cash ≠ SRS; ie you can't use cash upfront account to transact for SRS

 

[311290]

Thinking if this Thailand FD is better than SSB.

I know i have to take into consideration of FX. Anything else i can do to make a fair comparison.

Taking the 1year & 2year as comparison

Fixed deposit 3, 6 months, 2.00% interest per year, fixed deposit 9, 12 months, 2.25% interest per year, fixed deposit 15, 18 months, 2.50% interest per year, 24-month fixed deposit, 2.75% interest per year, 36-month fixed deposit 3.00% interest per year, 40-month fixed deposit, 3.25% interest per year

 

[MultiSystemAtrophy]

the catch is that Cash ≠ SRS; ie you can't use cash upfront account to transact for SRS

I know that. For srs, still can't run away from the usual fees. But comparing this to scb for the purchase of non srs shares?

 

[yellownova]

They can be traded in many currencies. For example IWDA is traded in USD while SWDA is the same fund but traded in GBP. Both are domiciled in Ireland and traded on the London stock exchange.

The domicile of a fund does not dictate the currency used to trade it.

Oh I see, OK thanks. Sorry 1 more qn: How will I know where the fund is domiciled in? Will it be in a line somewhere in the fund pdf? I'm reading up on the IWDA fund and can't find the word Ireland anywhere. What term should I look out for when I'm researching where funds are domiciled in? Thanks in advance.

 

[kram62]

Oh I see, OK thanks. Sorry 1 more qn: How will I know where the fund is domiciled in? Will it be in a line somewhere in the fund pdf? I'm reading up on the IWDA fund and can't find the word Ireland anywhere. What term should I look out for when I'm researching where funds are domiciled in? Thanks in advance.

https://finance.yahoo.com/quote/IWDA.L/profile?p=IWDA.L

Fund Family: BlackRock Asset Management Ireland - ETF

iShares is a series of funds by BlackRock, which in this case is domiciled in Ireland

BlackRock is one of the major fund manager like Vanguard.

 

[MultiSystemAtrophy]

I know that. For srs, still can't run away from the usual fees. But comparing this to scb for the purchase of non srs shares?

So, is there still a rationale to use SCB instead of DBSV cashupfront for purchase of MBH bond component?

SCB priority vs non priority
- 0.18% to 0.2%, 10 dollar minimum, custodian
DBSV Cashupfront
- 0.12%, 10 dollar minimum, CDP supposedly (I'm waiting for their reply on this just for confirmation)

Anything I'm missing before i go through the effort to apply online? Lol.

 

[limster]

So, is there still a rationale to use SCB instead of DBSV cashupfront for purchase of MBH bond component?

SCB priority vs non priority
- 0.18% to 0.2%, 10 dollar minimum, custodian

there is no minimum for PB.

 

[MultiSystemAtrophy]

there is no minimum for PB.

Hmm oh yeah. Missed out that part.
But right now, I just sold out my A35 since now can just hold SSB for savings.
So i maybe buying quite a bit of MBH ...

hmmm so for a 50k one-off purchase, 0.06% difference is $30.
But minimum fee of $10 breakeven is a $8333 purchase each time for DBSV

 

[bin8lee]

I know that. For srs, still can't run away from the usual fees. But comparing this to scb for the purchase of non srs shares?

Use SRS for SSB only

 

[revhappy]

Thinking if this Thailand FD is better than SSB.

I know i have to take into consideration of FX. Anything else i can do to make a fair comparison.

Taking the 1year & 2year as comparison

Fixed deposit 3, 6 months, 2.00% interest per year, fixed deposit 9, 12 months, 2.25% interest per year, fixed deposit 15, 18 months, 2.50% interest per year, 24-month fixed deposit, 2.75% interest per year, 36-month fixed deposit 3.00% interest per year, 40-month fixed deposit, 3.25% interest per year

I am surprised Thailand rates are so low. They dont have proper democracy and regularly have coup/protests etc. I dont even see a fair comparison with Singapore.

 

[MultiSystemAtrophy]

Use SRS for SSB only

I know you can do that. But any reason not to use it to buy ES3?
Though
1. U need to rebalance, but i also have ES3 purchased with cash to do the minor rebalancing.
2. Transaction cost. Cos SRS shares need to use the standard brokerage fees of 0.28% with minimum fee of $25.

 

[Mecisteus]

Thinking if this Thailand FD is better than SSB.

I know i have to take into consideration of FX. Anything else i can do to make a fair comparison.

Taking the 1year & 2year as comparison

Fixed deposit 3, 6 months, 2.00% interest per year, fixed deposit 9, 12 months, 2.25% interest per year, fixed deposit 15, 18 months, 2.50% interest per year, 24-month fixed deposit, 2.75% interest per year, 36-month fixed deposit 3.00% interest per year, 40-month fixed deposit, 3.25% interest per year

10 years ago, Aussie FD was quite popular.

Fast forward, the AUD has depreciated alot.

In short, don't buy FCY if you have no business in that country.

 

[littleredboy]

What is dividend handling fee? When companies pay out dividends, the broker still have commission deducted first before passing us the balance? And IBKR charges 0%?!

 

[311290]

10 years ago, Aussie FD was quite popular.

Fast forward, the AUD has depreciated alot.

In short, don't buy FCY if you have no business in that country.

Planning to retire in Thai

 

[Mecisteus]

Planning to retire in Thai

Then I think it makes senses.

All the best to your retirement plan.

 

[churnmaster]

I am surprised Thailand rates are so low.

Country with current account surplus. Tourism and Agri commodity exports, big forex earners.

 

[revhappy]

Country with current account surplus. Tourism and Agri commodity exports, big forex earners.

True, but Thailand sovereign rating is BBB+ similar to India and Indonesia. While Singapore is AAA. I think Thailand yields don't reflect this sovereign risk.

 

[elemention]

Hi fellow experts, this is my first post after reading ST e-book and would like some clarification.
I am currently in university (freshie) and have a lump sum amount of $60k left after accounting for my emergency funds, school fees and hospitalization insurance premium.
As such, I should be buying the IWDA(44%), ES3(44%) and MBH(12%) in 4 consecutive months (15k each). The brokerage that I will be using should be SC for all the bonds and equities.

May I know if this is correct? Or is it a better option to split up my lump sum into monthly payments and then use IB for IWDA/ SC for local? (My guess is the former since the returns I will get for investing early will outweigh the transaction fees I saved from Interactive Brokers)
Thanks!

 

[Ilovemathstutor]

Hi fellow experts, this is my first post after reading ST e-book and would like some clarification.
I am currently in university (freshie) and have a lump sum amount of $60k left after accounting for my emergency funds, school fees and hospitalization insurance premium.
As such, I should be buying the IWDA(44%), ES3(44%) and MBH(12%) in 4 consecutive months (15k each). The brokerage that I will be using should be SC for all the bonds and equities.

May I know if this is correct? Or is it a better option to split up my lump sum into monthly payments and then use IB for IWDA/ SC for local? (My guess is the former since the returns I will get for investing early will outweigh the transaction fees I saved from Interactive Brokers)
Thanks!

what did u do to save $60k+???

 

[kingboonz]

what did u do to save $60k+???

Doing math tuition of course.