*Official* Shiny Things club - Part 2

[wannabelazy]

just pay $0.03 for the live snapshot

https://ibkr.info/node/2830

Is this snapshot a new feature? I've never heard of it until now.
Does it make sense to use it before making each month's USD and IWDA purchase?

 

[Prof. Utonium]

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!

How long more till you can accumulate another 40k?

If not that long might as well starts with IB and focus on global only. No point taking local since if you are doing IWDA which consists a tiny part of SG too.

 

[littleredboy]

How do you guys feel about AGG then? No withholding tax?

 

[jacky817]

USD Currency risk?

Hi ST and others, I see the point that the US stock market =/= the US economy. Since Donny is obviously accelerating the decline of US as a country and probably its economy, are there any long-term effects on the strength of USD?

In other words, how should I worry about the long-term currency risks when I buy ETFs in USD?

 

[revhappy]

Shiny, I remember you mentioning you placed Eurodollar trades. This thread might interest you:

https://threader.app/thread/1139692973711511559

 

[BBCWatcher]

Hi ST and others, I see the point that the US stock market =/= the US economy.

Do you?

Since Donny is obviously accelerating the decline of US as a country and probably its economy, are there any long-term effects on the strength of USD?

Presidents are capable of doing some damage, but the available statistical evidence suggests the U.S. certainly wasn’t and isn’t in decline. Overall, statistically, the U.S. was and is doing quite well by both global and domestic standards, really the only relevant standards.

The few major statistical areas where I have some concerns are in the suicide rate, prescription and illegal opiate addictions (showing signs of improvement now as awareness has grown), wealth inequality (a common problem throughout the world), and greenhouse gas emissions (better than nothing, but they’re not coming down fast enough yet). The U.S. is the world’s #1 oil producer — a position it previously lost in the early 1970s — but that’s not a laudable accomplishment for the planet’s health.

In other words, how should I worry about the long-term currency risks when I buy ETFs in USD?

I don’t think you have grasped the fact that shares of real businesses (stocks) are not currencies in any form.

 

[littleredboy]

I was looking at IWDA and jumped when I saw IWDA at 4k. LSE uses pence for the market is it?

 

[eD1s0n]

I was looking at IWDA and jumped when I saw IWDA at 4k. LSE uses pence for the market is it?

Where are you seeing this. Iwda is at around 56

 

[littleredboy]

Yahoo finance. Graphs seem weird

Where are you seeing this. Iwda is at around 56

 

[Tsoukalos]

hi like to find out if there's any resale value of those annual zodiac coins released by s'pore mint? i've inherited recently some of them (due to loss of family member) but it's those cheapest nickel type & rest of family members dun really wana keep them. where can I resell them & what type of value can i expect? thanks

 

[tangent314]

If you enter SWDA instead of IWDA you will get the price in GBX instead of USD

 

[decibel.]

Any one invested in lse? Is it recommended?

Sent from Samsung SM-G920I using GAGT

 

[limster]

Any one invested in lse? Is it recommended?

this thread is more for ETF investing following Shinys' recommendations, not about individual stock picking. if you want stock recommendations, you will have better luck in other threads

 

[lnblcf]

Hi Shiny

Thoughts on Phillip SING Income ETF?

Seems to be dividend focused and is it a good alternative to investing in STI ETF?

 

[bobobob]

Hi Shiny

Thoughts on Phillip SING Income ETF?

Seems to be dividend focused and is it a good alternative to investing in STI ETF?

Not recommended because higher expenses than ES3

 

[BBCWatcher]

Thoughts on Phillip SING Income ETF?

Not recommended because higher expenses than ES3

And lower trading volume, which should mean wider bid-ask spreads and a higher implicit charge associated with those wider spreads.

If you think Phillip's 30 stock index is so much better than the Straits Times' 30 stock index that it justifies 0.40%/year in higher ongoing fund management expenses, and higher implicit purchase and sales charges due to the wider bid-ask spread, then OK, go for it. That seems like a very tough argument to make in favor of Phillip's fund.

Also, *IF* Phillip's ETF throws off higher dividends, that's not necessarily a good thing unless those higher dividends are part of higher total returns (net of costs). Capital gains are generally preferable to dividends, other things being equal and for the generally longer timespan of your accumulation/saving/investing years. Then you don't have to absorb the cost of reinvesting more dividends in the form of broker commissions, for example. I'm continually frustrated with the marketing focus in Singapore (and associated mythologies) of "passive income" and "dividends, DIVIDENDS, DIVIDENDS!!!!" as if those are good things to the exclusion of all other considerations. No, they're really not, not in and of themselves. Total returns net of costs are what matter. If the returns are in the form of impressive capital gains, all the better, and thank you very much. (Or would you object to being Jeff Bezos, probably the world's wealthiest individual who happens to be sitting on a massive pile of valuable Amazon stock? Amazon pays no dividends, but it's routinely trading places these days with Apple and Microsoft as the world's #1 most valuable publicly traded company. Maybe there's a lesson in this, for those of you still harboring a peculiar fetish for "passive income" and "dividends" as such?)

 

[longfart]

Hi, I have a sum of MYR which I'd like to use for purchasing IWDA. It seems that IBKR doesn't allow MYR deposits as I don't see it in the drop-down list. May I know which would be the best way to do the transfer then?

 

[BBCWatcher]

Hi, I have a sum of MYR which I'd like to use for purchasing IWDA. It seems that IBKR doesn't allow MYR deposits as I don't see it in the drop-down list.

That's correct. The Malaysian ringgit is not one of the 24 currencies that Interactive Brokers supports.

May I know which would be the best way to do the transfer then?

First, you'll need to find the lowest cost (but still reliable and legal), alternative way to exchange your ringgit for U.S. dollars (preferably those; the next best choice for these purposes would be British pounds). Then deposit those U.S. dollars (or British pounds). Has anyone got any ideas to suggest?

 

[Tsoukalos]

hi like to find out if there's any resale value of those annual zodiac coins released by s'pore mint? i've inherited recently some of them (due to loss of family member) but it's those cheapest nickel type & rest of family members dun really wana keep them. where can I resell them & what type of value can i expect? thanks

bump for reply

 

[iperiodic]

bump for reply

probably the wrong thread to ask.