*Official* Shiny Things club - Part 2

[Shiny Things]

Two brokers works, and those who follow your general advice would have that: typically IB for a global stock fund and Standard Chartered for ES3/MBH.


Not giant, and it’s a natural consequence of your general advice anyway.

To be fair, I did go a little hard on this. I wish there was a one-stop shop for Singaporean investors to get their local stocks, global stocks, and local bonds, at a low price. I just think having to maintain multiple brokerage accounts isn't worth the overhead if you don't have to.

I still think someone needs to start a roboadvisor that does this.

 

[my an lien]

Hey Shiny,

I brought you book a few weeks ago and went through it. However I'm an expat that will be working in Singapore for maybe 2-4 years and I didn't find any information for expats. What should I be focusing on in terms of investing and saving money?

 

[Shiny Things]

Hey Shiny,

I brought you book a few weeks ago and went through it. However I'm an expat that will be working in Singapore for maybe 2-4 years and I didn't find any information for expats. What should I be focusing on in terms of investing and saving money?

This is a great, great question. I'm an expat myself; the problem with targeting expats is that there's so many possible combinations of countries you could be from and countries you might want to move to, that there isn't really a single answer for "what should I invest in?".

You can still use a 110-minus-your-age allocation, though - that's a great foundation for long-term investing.

If you don't mind me asking, which country are you thinking of retiring to? that'll help us point to what you might want to buy as an alternative to MBH / ES3 / IWDA.

 

[my an lien]

This is a great, great question. I'm an expat myself; the problem with targeting expats is that there's so many possible combinations of countries you could be from and countries you might want to move to, that there isn't really a single answer for "what should I invest in?".

You can still use a 110-minus-your-age allocation, though - that's a great foundation for long-term investing.

If you don't mind me asking, which country are you thinking of retiring to? that'll help us point to what you might want to buy as an alternative to MBH / ES3 / IWDA.

I'm 25 from Vietnam and really never thought about my retirement before. So at this moment I can think of 4 options (3 too many):

1. my home country
2. US or Canada
3. Australia
4. EU

 

[BBCWatcher]

I'm 25 from Vietnam and really never thought about my retirement before. So at this moment I can think of 4 options (3 too many):
1. my home country
2. US or Canada
3. Australia
4. EU

Do you currently have a direct or subsidiary (e.g. through marriage) right of abode in any of these countries/territories besides Vietnam?

In my view you shouldn’t make retirement investment decisions that are biased toward a particular retirement country/territory unless you already have an ironclad right of abode there.

 

[assiak71]

Dear shiny and bbc
Why still talking about iwda + eimi
Shouldnt we promote vwra now

 

[Rknight]

In this current time, what is the top 3 best investment strategies for a newbie who never invested before if he has 10k to invest in. If he is looking for medium risk, short term, non active investment areas ?

 

[BBCWatcher]

Why still talking about iwda + eimi
Shouldnt we promote vwra now

VWRA is simpler if you want a dash of stocks listed in emerging markets. (Please note how I phrased that. Companies listed in developed markets do plenty of business in emerging markets.) However, emerging stock markets aren’t actually that important, and VWRA has a slightly higher expense ratio.

Either way is fine.

In this current time, what is the top 3 best investment strategies for a newbie who never invested before if he has 10k to invest in. If he is looking for medium risk, short term, non active investment areas ?

I can think of one: an investment grade corporate bond fund that invests in reasonably short duration bonds. MBH, the Nikko AM Shenton bond fund, is the closest available match in Singapore. The “medium risk” part comes primarily from the fact that principal (share price) can wobble a bit.

 

[flowerpalms]

Which book and where to buy

Hey Shiny,

I brought you book a few weeks ago and went through it. However I'm an expat that will be working in Singapore for maybe 2-4 years and I didn't find any information for expats. What should I be focusing on in terms of investing and saving money?

 

[flowerpalms]

Where to buy Shiny's book?

 

[tangent314]

Dear shiny and bbc
Why still talking about iwda + eimi
Shouldnt we promote vwra now

Maybe if VWRA's TER drops below 0.20% then it would be interesting to more people.

 

[Dearboy87]

Where to buy Shiny's book?

Buy from amazon~ 9.90usd
Any update will cost u 2.99usd in the future.

Digital copy.

 

[effkewkew]

Buy from amazon~ 9.90usd
Any update will cost u 2.99usd in the future.

Digital copy.

Where do i get the update? I tried looking around already but didn't find any option or button to update

 

[Dearboy87]

Where do i get the update? I tried looking around already but didn't find any option or button to update

you bought the earlier version book?? from amazon?? digital copy?

 

[Dearboy87]

BBCWatcher & Shiny & Everyone here,

what do you guys think of Zackstrade and Captrader? trustworthy?

seems like cheaper options compare to IB~

 

[flowerpalms]

Only digital copy?

No hardcopy?

Buy from amazon~ 9.90usd
Any update will cost u 2.99usd in the future.

Digital copy.

 

[jack-320]

Hi shiny things, thanks for creating this book, purchased and read it
It helped me to add up knowledge on investing, on top of what I already knew. So much things to learn out there
Financial Times is a quality newspaper whereby I read almost everyday, it was a godsend, until I graduated

I have question:
- Do you go into the macro-economy of things, when deciding whether the time is appropriate to purchase a particular stocks/etf, after reading its financial statements (Bal Sheet, Cash Flow, P&L, auditor report)?
(No need to know too deep, but good enough to know what is happening)

This is where I hesitate, because in SG, the market isn't as good as it perceived to be. The economy may get worse, then it is the "good time" to get quality stocks.

No US market for now as I do not understand them well

Is there a problem with my approach?

 

[flowerpalms]

Rich by retirement

There is paperback in amazon

Cant find it in opentrolley.com though

 

[Rknight]

VWRA is simpler if you want a dash of stocks listed in emerging markets. (Please note how I phrased that. Companies listed in developed markets do plenty of business in emerging markets.) However, emerging stock markets aren’t actually that important, and VWRA has a slightly higher expense ratio.

Either way is fine.


I can think of one: an investment grade corporate bond fund that invests in reasonably short duration bonds. MBH, the Nikko AM Shenton bond fund, is the closest available match in Singapore. The “medium risk” part comes primarily from the fact that principal (share price) can wobble a bit.

MBH, thanks ! Let me check it out

 

[my an lien]

Do you currently have a direct or subsidiary (e.g. through marriage) right of abode in any of these countries/territories besides Vietnam?

In my view you shouldn’t make retirement investment decisions that are biased toward a particular retirement country/territory unless you already have an ironclad right of abode there.

No I don't have any beside Vietnam yet.

In which case, should I not be making any long term investment at all atm? What should I do with the all the money that I'm not going to use for now?