*Official* Shiny Things club - Part 2

[treecko]

Yup, my idea is to lump sum repay the debt just before interest rate kicks in and with the help of bank of mom and dad.

 

[wutawa]

Why do so many ppl fail to see the "interest bearing from May 2021 onwards" but only see the ">4%"?

No, u should try to get as much returns before the loan interest kicks in. THEN u pay off your loan asap, preferably in a lump sum so that u dun pay int.

 

[BBCWatcher]

Why do so many ppl fail to see the "interest bearing from May 2021 onwards" but only see the ">4%"?

I don't think anybody was/is confused on that point, at least not for very long.

 

[k1dzn1a]

yahoo finance have some bug. when the LSE market is open, some LSE prices will go crazy. have been happening for quite sometime already. best is to use google finance instead.

Yahoo finance. Graphs seem weird

 

[littleredboy]

Thank you for clarifying!

yahoo finance have some bug. when the LSE market is open, some LSE prices will go crazy. have been happening for quite sometime already. best is to use google finance instead.

 

[Zink00]

Why are reits and reit etf discouraged? Genuinely curious

 

[greatpacificpatch]

Take it with a pinch of salt. There are always doomsayers. I rmb hearing in 2016 with seminars saying that the halt of qe and rise in interest rates will cause a financial crisis. The doomsayers will keep saying until it coincides with a real financial crisis and then call themselves the guru of prediction. Bunch of jokers.

People may want to read this:

https://www.marketwatch.com/story/a...-says-roubini-2019-06-17?mod=mw_theo_homepage

A global ‘shock to markets’ could trigger next financial crisis, warns Roubini
By Shawn Langlois
Published: June 17, 2019 12:38 p.m. ET

 

[eD1s0n]

Why are reits and reit etf discouraged? Genuinely curious

They are discouraged by ST and BBCW because this is considered overweighting a sector (real estate) rather than buying the SG market based on market cap (e.g. STI ETF) for passive investing.

However REITs has being performing well for quite some time and no one will stop you if you want to invest in them. I personally hold some myself. No need to get validation from ST and BBCW

 

[littleredboy]

Reits are good defenders and dividends stable, but be selective. Not all dividends generating reits are good reits. There really arent that many good and sustainable reits in sg.
Im not sure about reits etf though. Why pay extra if you can invest directly in a small bunch of good reit and avoid even buying some of bad reits?

 

[Dividends Warrior]

Why are reits and reit etf discouraged? Genuinely curious

Deeply scarred by the 2009 crisis

 

[Nick67]

Reits are good defenders and dividends stable, but be selective. Not all dividends generating reits are good reits. There really arent that many good and sustainable reits in sg.
Im not sure about reits etf though. Why pay extra if you can invest directly in a small bunch of good reit and avoid even buying some of bad reits?

What would be some of the reits you could recommend or looking at?

I'd like to have some reits in my portfolio.

 

[Ilovemathstutor]

reits are for losers...
'nuff said.

the only time reits was good was at the initial launch, then it's welcome to hell all the way for most.

 

[littleredboy]

I like Hongkongland, healthy and steady.

 

[isaacsayshi]

Hi,

1. May i know why B1 govt hosp only? Is pvt hosp expensive and unnecessary?

2. Can give example which insurer have disability insurance? Seems not all have it

Don't forget about your insurance necessities (not luxuries), which would typically be an Integrated Shield public hospital B1 ward plan (or public hospital A ward if you like since at your age there's practically no premium difference) now, and disability income insurance (DII) as soon as you start work. Yes, I know, I keep harping on that one, but it's super important.

 

[justwakeup]

With the suspension of Maybank MIP, buying of MBH is getting a little bit more expensive. Rather than looking into bond etf, i am thinking whether i should keep cash in high interest savings account that can give me 2% consistently, assuming i can fulfill the requirements.

Any comment?

 

[bobobob]

With the suspension of Maybank MIP, buying of MBH is getting a little bit more expensive. Rather than looking into bond etf, i am thinking whether i should keep cash in high interest savings account that can give me 2% consistently, assuming incan fulfill the requirements.

Any comment?

Talked about this before. Only issue is high interest bank account have limits on the sum eligible. It's recommended you keep some emergency funds anyway, so usually the high interest bank account is used for that, which will take up most or all of the eligible sum.

You can look into using SSB for bond component.

 

[Zink00]

Ive seen bbc mention ssb several times and i agree. 2%, basically risk free and low fee $2, can enter and exit monthly.

 

[BBCWatcher]

1. May i know why B1 govt hosp only? Is pvt hosp expensive and unnecessary?

It's simply a matter of what is an insurance necessity versus a "nice to have" or a luxury. There's nothing wrong with luxuries provided you can afford them and provided you have taken care of other necessities first, including insurance necessities.

The point of hospitalization insurance is to help cope with large medical bills that you would find difficult to handle on your own. If you're well to do (or more than that), you probably don't need hospitalization insurance in Singapore at all. (Although you'd still be required to pay MediShield Life premiums if you're a citizen or PR.) And obviously you want to be able to obtain necessary, appropriate medical care for what ails you, although there are plenty of medical (and "medical") services that are not necessary and appropriate.

I happen to think that an air conditioned hospital ward is necessary and appropriate, but some people (and the government) disagree with that view. A private room in any hospital simply isn't necessary. (OK, one exception: if you have to be quarantined for infectious disease reasons. But that'll be required for medical reasons in that rare event; you won't actually get to make that choice.)

2. Can give example which insurer have disability insurance? Seems not all have it

In Singapore there are three carriers that offer it. In alphabetical order: AIA, Aviva, and Great Eastern. Aviva offers two forms of DII: their generally available plan and the MINDEF/MHA group rider to those who qualify. Despite the fact they're underwritten by the same carrier, they're rather different.

 

[beefjerky]

It's simply a matter of what is an insurance necessity versus a "nice to have" or a luxury. There's nothing wrong with luxuries provided you can afford them and provided you have taken care of other necessities first, including insurance necessities.

The point of hospitalization insurance is to help cope with large medical bills that you would find difficult to handle on your own. If you're well to do (or more than that), you probably don't need hospitalization insurance in Singapore at all. (Although you'd still be required to pay MediShield Life premiums if you're a citizen or PR.) And obviously you want to be able to obtain necessary, appropriate medical care for what ails you, although there are plenty of medical (and "medical") services that are not necessary and appropriate.

I happen to think that an air conditioned hospital ward is necessary and appropriate, but some people (and the government) disagree with that view. A private room in any hospital simply isn't necessary. (OK, one exception: if you have to be quarantined for infectious disease reasons. But that'll be required for medical reasons in that rare event; you won't actually get to make that choice.)


In Singapore there are three carriers that offer it. In alphabetical order: AIA, Aviva, and Great Eastern. Aviva offers two forms of DII: their generally available plan and the MINDEF/MHA group rider to those who qualify. Despite the fact they're underwritten by the same carrier, they're rather different.

I am not concerned about privacy, air con, or number of occupants in a room. But I am concerned with how fast we can get surgery etc. Like if the waiting time in public is months while the ones in private are in days, I feel it could be a matter of life and death or how long lasting the effects are. Can anyone enlighten like whats the disparity between waiting time?

 

[Fcesca]

Is iShares Global Corp Bond UCITS ETF the best recommendation for a corporate bond ETF?

Shiny, you suggested this bond to be before, as I mentioned I was unsure of where I will settle down/retire.

When I looked at the performance, it seems very fluctuating. Are there any others worth considering?

Also, does this ETF automatically reinvest the dividends?