*Official* Shiny Things club - Part 2

[partner777]

Hello Shiny and Folks,

Can i check is the account type to open for IBKR margin or cash account? I selected margin but not sure if there is any obvious difference to do what we do. i.e dca monthly.

I noticed the IBKR mobile app does have a function 'Convert Currency'. Is there any difference of using this to excahnge from SGD to USD as oppose to Shiny's book to use the desktop app to trade USD.SGD?

 

[Shiny Things]

Hello Shiny and Folks,

Can i check is the account type to open for IBKR margin or cash account? I selected margin but not sure if there is any obvious difference to do what we do. i.e dca monthly.

I noticed the IBKR mobile app does have a function 'Convert Currency'. Is there any difference of using this to excahnge from SGD to USD as oppose to Shiny's book to use the desktop app to trade USD.SGD?

1) Cash is fine. Margin is also fine, but you don't really need it.

2) Yes, Convert Currency works fine (they released that after I wrote the latest version of the book).

hi shiny, would like to ask a qns unrelated to investments

i actually have a trading interview for an internship w a big AM firm next week and would just like to ask about what should I read up on/should do for it.... since you were an options trader b4

i was not doing trading before but was in a markets internship doing sales... so would appreciate any responses

Ooh. TBH it depends what sort of role you're interviewing for, and what desk you're on. If it's an internship they probably won't expect any specific markets knowledge (unless you happen to know what instruments you'll be trading); it'll be more about whether you can think quickly. Good luck - let us know how it goes!

Then what I should buy with SRS?

Use it for your ES3 allocation, would be my pick.

Hi ST, I had my bond portion in A35. Shld I switch them to MBH? Or keep A35 but start MBH? Similarly for ES3 and G3B. What's ur thots pls?

Keep A35, start MBH.

For ES3 and G3B, they're basically identical, so it doesn't matter.

 

[converse2010]

If it's wrong, it's more productive to point out what's wrong with it rather than just outright say it's wrong.

FWIW, 110-29=81 not 71. So your breakdown should be:

20% MBH
40% ES3
40% IWDA

Thanks for the formula and clarification!

 

[sks888]

Hi Shiny and all ,I have some questions tat I need clarification.
1. etf dividend reinvested vs distributed.
Iwda is dividend reinvested. So does tat mean the iwda returns in the long run is better than the benchmark which is dividend distributed? N if it's not better, doesn't it better to keep passive etf with distributed dividend with extra income n will still follow the benchmark no matter it's dividend reinvested or not.

2. If I'm correct, the redemption and creation will allow the etf to be traded and keep close to nav.*But if every one wants to buy iwda, doesnt the price of securities be inflated by these AP buying up securities which will aso increase the benchmark tat measures these securities? N since a passive etf is jus to follow the benchmark, where does the excessive funds flow to after the AP do the redemption n creation?

3. if we change 1.36 for USD now and in 20yrs ,the usdsgd is 1. For every 10000sgd to we lost 26%. So are we betting that the etf will*infact beat this risk n has positive returns( take iwda as example)?

 

[kram62]

Hi Shiny and all ,I have some questions tat I need clarification.

3. if we change 1.36 for USD now and in 20yrs ,the usdsgd is 1. For every 10000sgd to we lost 26%. So are we betting that the etf will*infact beat this risk n has positive returns( take iwda as example)?

For the last question, it has been discussed here very recently, please look a bit in previous pages. The key question is whether usd moved relatively to all the world currencies or if it was sgd that moved relatively to all the world currencies. This has nothing to do with the ETF, you would have the same problem buy buying a banana in usd or sgd (assuming the banana never rots and you want to sell it 20 years later).

In practice in 20 years all currencies will have moved relatively to each other so the point is even more blurred.

 

[Jadetheflower]

Afternoon Shinythings,


New to this forum after I looked up investing in ETFs in Singapore.

Decided to open up a trading account with SCB since I already have a savings account with them, thinking to invest about $10k, what would you advise to invest considering its a small amount at this point in time?

 

[kurtgoh]

Afternoon Shinythings,


New to this forum after I looked up investing in ETFs in Singapore.

Decided to open up a trading account with SCB since I already have a savings account with them, thinking to invest about $10k, what would you advise to invest considering its a small amount at this point in time?

i think he will tell you to go for STI ETF,
once you have built a substantial amount.

then to IWDA

thats what he told me few years back

 

[Okenba]

No. The Lion Global funds are overly expensive. Avoid them.

Curious about this statement.
LionGlobal All Seasons Fund (Growth) has a TER of 0.36
http://doc.morningstar.com/document...oc/?clientid=phillipssec&key=52c4533bcc966857

Which, while higher than IWDA's TER of 0.20, isn't all *that* much higher is it?
How is it 'overly' expensive?

I mean, sure, if you want a local equity component to your overall portfolio, then ES3 makes sense. What other options might we have if we are not too keen on a local equity or bond component?

 

[mystic.1]

Hi, good day all!

Its been a while since i login. Something happened at home & missed following this thread.

Followed ST's advice, currently DCA (if it means Dollar Cost Averaging) A35 & G3B via POSB (only minimum sum).

Could i have some advice if i should add-on MBH or ES3?

Read previous comments about IWDA, is it only possible to enter via SCB? Or is there any alternative that i can look into.

Thank you all for sharing!

 

[flowerpalms]

How much you investing per month?

Less than 1k:
G3B and A35 with POSB RSP
IWDA with SCB

1k and above:
ES3 and MBH with SCB
IWDA with IB

Afternoon Shinythings,


New to this forum after I looked up investing in ETFs in Singapore.

Decided to open up a trading account with SCB since I already have a savings account with them, thinking to invest about $10k, what would you advise to invest considering its a small amount at this point in time?

 

[flowerpalms]

No need to add on.

Either G3B or ES3, not both
Same for bond

Since you are doing G3B and A35 via POSB RSP, i assume your monthly investment is less than 1k?

Less than 1k use SCB for IWDA. There is also IB but that is if your monthly is 1k and above. No other alternatives sorry

Hi, good day all!

Its been a while since i login. Something happened at home & missed following this thread.

Followed ST's advice, currently DCA (if it means Dollar Cost Averaging) A35 & G3B via POSB (only minimum sum).

Could i have some advice if i should add-on MBH or ES3?

Read previous comments about IWDA, is it only possible to enter via SCB? Or is there any alternative that i can look into.

Thank you all for sharing!

 

[KeytoFreedom]

No need to add on.

Either G3B or ES3, not both
Same for bond

Since you are doing G3B and A35 via POSB RSP, i assume your monthly investment is less than 1k?

Less than 1k use SCB for IWDA. There is also IB but that is if your monthly is 1k and above. No other alternatives sorry

If above 1k per month use IB?

 

[megdang]

Sorry if this question has been addressed before. Do anyone know when does IB start charging the monthly US$10 fee?

I'm 32 year old and I know there is a 3 months free of charge after the first deposit.

I registered account on Feb this year, deposited and made first transaction on end of July and made monthly DCA till now.
All the trading fees are less than $10 per month and my assets are not $100k yet.

But till now end of Nov, 4 months but I have not been charged the $10 monthly fee or any kind of maintenance fee yet.

It's a cash account

Is it normal?

 

[flowerpalms]

Yes...for iwda...

If above 1k per month use IB?

 

[KeytoFreedom]

Yes...for iwda...

Why ah...I tot if above 100k then if no monthly fee...if 1k per month, then will be charged usd10 for 100months?

 

[flowerpalms]

I am not talking abt monthly fee.

I mean if you are investing 1k or more per month, use IB for IWDA

Why ah...I tot if above 100k then if no monthly fee...if 1k per month, then will be charged usd10 for 100months?

 

[Okenba]

Why ah...I tot if above 100k then if no monthly fee...if 1k per month, then will be charged usd10 for 100months?

I'm guessing because at that amount, whatever you spend in SCB becomes quite comparable to IB so you might as well just invest there instead.

 

[Jadetheflower]

How much you investing per month?

Less than 1k:
G3B and A35 with POSB RSP
IWDA with SCB

1k and above:
ES3 and MBH with SCB
IWDA with IB

Thanks for the fruitful reply, I was thinking of doing a lump sum investment of 10k first and then a regular investment of around 600-800 per month. With the lump sum investment of 10k what would you recommend to invest in?

Or do you recommend it splitting the 10k into maybe 2k over 5 months then after that resume the 600-800/month for DCA ?

 

[KeytoFreedom]

I'm guessing because at that amount, whatever you spend in SCB becomes quite comparable to IB so you might as well just invest there instead.

Hmm..still don't get it leh ..if less than 100k better to keep in SCB since there is no monthly fee?

 

[flowerpalms]

Please dont lump sum 10k straight but divide it into 4 parts. Your target allocations will depend on ur age

Thanks for the fruitful reply, I was thinking of doing a lump sum investment of 10k first and then a regular investment of around 600-800 per month. With the lump sum investment of 10k what would you recommend to invest in?

Or do you recommend it splitting the 10k into maybe 2k over 5 months then after that resume the 600-800/month for DCA ?