*Official* Shiny Things club - Part 2

[newjersey]

Like you say someone wanted to expand from there...If someone is already following the 3-fund portfolio which form the core of their investment, I don't see anything wrong if they wanted to buy any individual stocks for whatever reason so long as it is a small portion of around maximum 5% of their total portfolio size...The problem is your most ardent fans here only insisted that it is only 3-fund portfolio discussion here...

Like I said, some of your extreme fans even regurgitate old and outdated information which may or may not be true anymore... Especially with regards to brokers, buying monthly and etc...

Edit: I don't even know why you want to brought up on the "ang-moh" part when this have nothing to do with race, nationality, religion or gender for that matter...

then leave.
no one compels you to come to this thread to read.
close the door on your way out, you won't be missed.

 

[makav31i]

then leave.
no one compels you to come to this thread to read.
close the door on your way out, you won't be missed.

I didn't know Shiny appointed you as his gatekeeper to keep people out of this thread...

Edit: This is the typical example of his extreme fanbois...

If any newbie looking for advice from ST, and his fanbois or anyone else replied, can just disregard them and wait for ST to reply to you...If you ever tried to question ST be it for discussion sake, his band of fanbois will resort to asking you to leave...

 

[s0crates]

You don't need to have a consensus to make a personal investment decision.

Have you seen the recent news on wage freezes in capitaland and in Singtel? And how vulnerable Singapore as a economy is relative to other countries from corona virus?

Go 10% equities exposure in Sg. What the heck even go 0% if you are working in the civil service or any Singapore STI companies. Stop applying or listening to people who apply foreign investment concepts wholesale. Singapore is not US where the 3 fund portfolio concept applies. Damn our bond market is so damn sad our SGD bond ETFs don't even have a more specific mandate on maturity and duration.

We have a small and languishing stock exchange they cannot be compared with other markets, so the rules don't apply to us!!!

Not sure if it has been asked before... I'm in my late 20s. I have allocated around 70% of my investment in G3B/ES3 and then 30% in IWDA.

Just want to check what is the general consensus around the ratio of SG index vs World index?

I feel that since we are working in singapore + cpf is a bet on sg's economy. We should diversify and allocate more % in World index rather than overcompensate in sg index. Furthermore G3B/ES3 blue chip stocks seems to be too heavily weighted in REITs and Banks, which are sectors that are generally hit pretty hard during a down turn

 

[cassowary18]

The thing is, some of the stuff that people keep asking violate some of the principles of sound investing that are listed in ST's book. For example:
- Should I stock pick? (No, and if you do, keep it to a small proportion of your portfolio)
- Should I buy ILP? (No, it's generally a bad idea. Buy term, invest rest)
- Should I buy/sell now? (No! Don't get performance anxiety, stay the course)

There are things that reasonable people can disagree on, like whether you should overweight STI, or which global ETF is the best. But for the fundamental stuff, I don't think there's anything wrong with pointing people to the book rather than repeating the same answer over and over again.

 

[tesarise]

I didn't know Shiny appointed you as his gatekeeper to keep people out of this thread...

Edit: This is the typical example of his extreme fanbois...

If any newbie looking for advice from ST, and his fanbois or anyone else replied, can just disregard them and wait for ST to reply to you...If you ever tried to question ST be it for discussion sake, his band of fanbois will resort to asking you to leave...

Just put on ignore list and move on bro

 

[MichealScott]

Like you say someone wanted to expand from there...If someone is already following the 3-fund portfolio which form the core of their investment, I don't see anything wrong if they wanted to buy any individual stocks for whatever reason so long as it is a small portion of around maximum 5% of their total portfolio size...The problem is your most ardent fans here only insisted that it is only 3-fund portfolio discussion here...

Like I said, some of your extreme fans even regurgitate old and outdated information which may or may not be true anymore... Especially with regards to brokers, buying monthly and etc...

Edit: I don't even know why you want to brought up on the "ang-moh" part when this have nothing to do with race, nationality, religion or gender for that matter...

Tbh, I don't see some..I only see 2. The one you quoted and Flowerpalms..

Sent from Stamford Bridge using GAGT

 

[makav31i]

Tbh, I don't see some..I only see 2. The one you quoted and Flowerpalms..

Sent from Stamford Bridge using GAGT

I used "some" so as not to point or single out any particular fans username...

 

[FrostWurm]

Having someone tell you "here's how to get started"—whether that someone is a book or a rando mouthy ang-moh on the internet—gets people through the hardest part.

Edit: I don't even know why you want to brought up on the "ang-moh" part when this have nothing to do with race, nationality, religion or gender for that matter...

Are you the type of person who needs everything to be explained slowly to you?

Just in case you didn't know, the "ang-moh" he is referring to is himself.

Why did he use it? Because he wants to emphasize the point that getting started is the hardest part for any investor. And it doesn't matter how the investor gets started, whether he reads it from a book (take your pick) or learns about it from a random ang-moh (himself).

Just in case you need further explanation, he called himself "rando and mouthy" as a self-deprecating form of humour. He was trying to inject an element of humour into his statement. Looks like he will be shedding a tear for those who didn't get it

 

[MichealScott]

Have a newbie qns for ST...for those accumulating ETFs like IWDA that don't pay dividend, when do we realise our gains? When we gonna retire then sell it for cash? And when we gonna retire, the market dropped like mad like now, do we still sell? Or shld have sold earlier? Thanks!

Sent from Stamford Bridge using GAGT

 

[psyfy]

Have you ever thought of treating ur cpf as the bond portion of your portfolio? That way, more cash can be freed up to buy more vwra

Sent from Xiaomi REDMI NOTE 8 PRO using GAGT

I treat it as my stashaway money aka my bonus. My retirement savings/invesment is my "salary" and my CPF is my "bonus". Since it is bonus I will "ignore" it but I can sleep well knowing I get a bonus every year and I can use that for holidays.

I know many people treat it as the bond component of their portfolio but because it is hard to balance CPF I decided against it as well.

Different strokes for different folks.

Cheers!

 

[streetfighter]

Means Newbie (like me) before posting here must read the book & all the pages here first? Scary!
Not doing so mean no way for us to know what is fundamental principle we can't violate.

The thing is, some of the stuff that people keep asking violate some of the principles of sound investing that are listed in ST's book. For example:
- Should I stock pick? (No, and if you do, keep it to a small proportion of your portfolio)
- Should I buy ILP? (No, it's generally a bad idea. Buy term, invest rest)
- Should I buy/sell now? (No! Don't get performance anxiety, stay the course)

There are things that reasonable people can disagree on, like whether you should overweight STI, or which global ETF is the best. But for the fundamental stuff, I don't think there's anything wrong with pointing people to the book rather than repeating the same answer over and over again.

 

[tangent314]

Have a newbie qns for ST...for those accumulating ETFs like IWDA that don't pay dividend, when do we realise our gains? When we gonna retire then sell it for cash? And when we gonna retire, the market dropped like mad like now, do we still sell? Or shld have sold earlier? Thanks!

You would probably want to read up on "drawdown strategy"

 

[Okenba]

Have a newbie qns for ST...for those accumulating ETFs like IWDA that don't pay dividend, when do we realise our gains? When we gonna retire then sell it for cash? And when we gonna retire, the market dropped like mad like now, do we still sell? Or shld have sold earlier? Thanks!

Sent from Stamford Bridge using GAGT

As you retire, you increase your bond percentage. If market is good when you retire, sell stocks. If stocks are plunging, sell bonds to fund your retirement.

That's the basic idea.

 

[tesarise]

Means Newbie (like me) before posting here must read the book & all the pages here first? Scary!
Not doing so mean no way for us to know what is fundamental principle we can't violate.

Let me share a secret with you: there is no such thing as a fundamental principle you can't violate in investing. There are always exceptions or special circumstances. That's why you need to understand why ppl recommend certain things, rather than blindly follow

 

[MichealScott]

You would probably want to read up on "drawdown strategy"

As you retire, you increase your bond percentage. If market is good when you retire, sell stocks. If stocks are plunging, sell bonds to fund your retirement.

That's the basic idea.

Oh right...I remember that portion thnks!!!

 

[cassowary18]

Means Newbie (like me) before posting here must read the book & all the pages here first? Scary!
Not doing so mean no way for us to know what is fundamental principle we can't violate.

No need read all the pages. Pick up the book at your local library first.

 

[Shiny Things]

Means Newbie (like me) before posting here must read the book & all the pages here first? Scary!
Not doing so mean no way for us to know what is fundamental principle we can't violate.

Nah, oh gosh no you don't have to. I wish there was a way to pin an FAQ post to the top of the thread, because reading so many pages of posts is a giant pain. (And frankly I don't mind answering newbie questions! We were all n00bs once.)

Mods, is there any way we could get a pinned FAQ post in this thread?

Have a newbie qns for ST...for those accumulating ETFs like IWDA that don't pay dividend, when do we realise our gains? When we gonna retire then sell it for cash?

Yep, exactly.

And when we gonna retire, the market dropped like mad like now, do we still sell? Or shld have sold earlier? Thanks!

Oh yeah, you'll still sell.

Here's the thing, though: as you get older, a "110 minus your age" rule (or whatever rule you apply to give yourself a "glide slope"—that is, moving your asset allocation from stocks to lower-volatility bonds) will mean your portfolio naturally has less money in stocks and more money in bonds.

Having too much of your portfolio invested in stocks was what hurt retirees back in 2008-2009. A retiree who had all their portfolio in stocks would have lost 50% just as they were about to retire; but a retiree who was 60% in bonds and 40% in stocks (a sensible allocation for a 70-year-old) would have lost about 20% at worst, and made all their losses back by the end of 2009.

So even if there's a big dip in the market (and what we've got right now isn't a big dip: the STI is only off about 6% from its highs in January), your portfolio will lose less value than it would if you were all-in on stocks.

 

[tangent314]

Mods, is there any way we could get a pinned FAQ post in this thread?

I recommend that you start a Part 3 thread and I will close this thread. You can keep the first post updated. We can probably count on the new thread to naturally stay on the front page.

 

[pylpoh]

We should rebalance our portfolio in times like this right?, Instead of waiting still the end of the year. Sell some bonds and buy more equities?

 

[hwckhs]

I recommend that you start a Part 3 thread and I will close this thread. You can keep the first post updated. We can probably count on the new thread to naturally stay on the front page.

Is there any limit on how big a post can be? What if the first post grows until it can no longer fit whatever ST wants to add?