*Official* Shiny Things club - Part 2

[koicafex]

vwra dropping like crazy
going to hit all time low soon at this rate
haiz i did my monthly investment few days back at 82.3

 

[highsulphur]

vwra dropping like crazy
going to hit all time low soon at this rate
haiz i did my monthly investment few days back at 82.3

If you are nowhere near retirement age and are currently gainfully employed, you shouldn't be worried

 

[BBCWatcher]

Per the U.S. S&P 500 stock index, as I write this, the stock market is all the way back to where it was in "ancient" history. It's now at a level we last saw all the way back in...early October, 2019, less than 5 months ago.

 

[BBCWatcher]

If you are reaching retirement and only another 10 years to go and still continue to buy now with 60% or more of your net worth in stocks, and the stocks continue to fall for another 3 years and stay flat for another 2 out of the 10 years, don't think you will come out smelling good.

I think you will, assuming you've been saving and investing for the typical age 25 to 65 (40 year) working career and make the gradual adjustment from 60% at T-minus 10 years to 30% at T-minus zero (age 65 in this case), which would mean a 3 percentage point allocation adjustment per year for those 10 years.

 

[Jinjia Stupid Idiot]

Imagine you are retire age drawing down from your investment and this happen wor. That's why once retire just sold everything put in bank safer~

Sent from Sent From Smarter Than You using GAGT

 

[dullthings]

For your use case you don't need to use Stop orders. You can smply set a Buy Limit Order at your desired price that is Good Until Cancelled.

Thanks))

 

[Han Shot First]

Is it finally the time to short the S&P 500 index? With an inverse, leveraged S&P 500 ETF?

 

[tesarise]

Per the U.S. S&P 500 stock index, as I write this, the stock market is all the way back to where it was in "ancient" history. It's now at a level we last saw all the way back in...early October, 2019, less than 5 months ago.

is losing 5 months of progress supposed to make this better?
we don't really have a lot of "5 months" to prep for retirement.

 

[iceblendedchoc]

Imagine you are retire age drawing down from your investment and this happen wor. That's why once retire just sold everything put in bank safer~

Sent from Sent From Smarter Than You using GAGT

When you are near retirement , you need more bonds.

 

[BBCWatcher]

Imagine you are retire age drawing down from your investment and this happen wor. That's why once retire just sold everything put in bank safer~

The typically recommended retirement portfolio is 30% stocks, and average life expectancy at age 65 is well over 20 years. Banks and even whole countries/currencies occasionally fail.

Is it finally the time to short the S&P 500 index? With an inverse, leveraged S&P 500 ETF?

Yes, you should do that, because the perfect time to short a stock index is after it declines.

Just in case I’m not clear, that’s sarcasm.

is losing 5 months of progress supposed to make this better?
we don't really have a lot of "5 months" to prep for retirement.

Who’s “we”? The typical working career is about 40 years (approximately age 25 to 65), and you ought to be delighted when stocks go on sale while you’re buying them.

 

[makav31i]

Hello, I am a newbie currently using the POSB Invest Saver to invest 1k a month into G3B and 500 into A35. I plan to do it until July (5 months) because of the cashback promotion https://www.posb.com.sg/personal/promotion/invest-saver then will probably start using FSMOne if it remains the superior option. I also need to figure out how to set things up because this is all very new to me

My question is if (1) I should simply sell/transfer the funds from G3B to ES3 and from A35 to MBH if I make the switch to FSMOne? I see some mixed opinions like selling https://forums.hardwarezone.com.sg/123443222-post7452.html or keeping the money in https://forums.hardwarezone.com.sg/125273848-post3838.html

Or (2) should I directly just start with FSMOne?

Thank you everyone. This thread and everyone here has been extremely helpful.

Like I say previously, POSB Invest Saver does not have any fees for selling and you can cancel your monthly contribution with POSB Invest Saver and still keep it inside your POSB account...POSB won't force you to liquidate all your shares that you purchase if you stopped your POSB Invest Saver plan...If you were to sell your holdings just to transfer it to FSM, you will have to pay a fee when buying at FSM...Why pay extra to sell and buy the same thing just to transfer it to another Broker? Might as well transfer your POSB Invest Saver shares holdings to CDP and linked your FSM with your CDP account and you can have access to your shares in FSM...But you have to remember when next time you want to sell on FSM or any other broker, you will have to pay a fee which start from minimum $10 when selling...

With regards to selling G3B to purchase ES3 on FSM, I think most will not recommend you to do so and just make the new purchase with ES3...There is not much difference between G3B and ES3 anyway other than ES3 having a lower Expense Ratio a bigger AUM and lower tracking error...

On the other hand, for the A35 to MBH, some would tell you to sell your A35 to replace it with MBH for the better performance...

End of the day, you have to decide for yourself if you want to sell and switch your counters or keep the current counters and make new purchases on ES3 and MBH...

Edit: Corrected some of the information...

 

[streetfighter]

Many people may get retrench & jobless before 50, & majority would have significant pay cut thereafter, so working until 65 & with upward pay path is a myth?

The typically recommended retirement portfolio is 30% stocks, and average life expectancy at age 65 is well over 20 years. Banks and even whole countries/currencies occasionally fail.


Yes, you should do that, because the perfect time to short a stock index is after it declines.

Just in case I’m not clear, that’s sarcasm.


Who’s “we”? The typical working career is about 40 years (approximately age 25 to 65), and you ought to be delighted when stocks go on sale while you’re buying them.

 

[Zink00]

I thought g3b and es3 now equal expense ratio? Only aum and tracking error different.

 

[streetfighter]

Problem is bond dividend keep dropping while inflation stays high.

When you are near retirement , you need more bonds.

 

[streetfighter]

I have 90% invested in stocks, have profits over past years but the sharp drop is quickly eroding all profits, thinking of bailing out to preserve capital, should I? Will stock index drop another 20% in next few months? This will turn my whole portfolio into loses! >10 years of profits all go into drain! Also considering job uncertainty, recession comes & may become jobless.

I think you will, assuming you've been saving and investing for the typical age 25 to 65 (40 year) working career and make the gradual adjustment from 60% at T-minus 10 years to 30% at T-minus zero (age 65 in this case), which would mean a 3 percentage point allocation adjustment per year for those 10 years.

 

[makav31i]

I thought g3b and es3 now equal expense ratio? Only aum and tracking error different.

You are absolutely right both expense ratio at 0.3% so there is absolutely no reason to sell G3B to buy ES3 and pay the extra in fees...

 

[Thoreldan]

I have 90% invested in stocks, have profits over past years but the sharp drop is quickly eroding all profits, thinking of bailing out to preserve capital, should I? Will stock index drop another 20% in next few months? This will turn my whole portfolio into loses! >10 years of profits all go into drain! Also considering job uncertainty, recession comes & may become jobless.

Are those individual stocks ? Or etf ?

 

[Geeezz]

gt ppl panic riao

 

[huiseh]

I have been monitoring the prices of both ES3 and G3B the past couple of weeks and can conclude that the former is much much better at tracking the index. A lot of people have said there's not much difference between the 2 these days but that doesn't seem to be the case, as far as tracking error goes. Huge difference.

Posted from PCWX using Pixel 2 XL

 

[commie_rick]

the bid ask spread for cspx is the widest ive seen. what does it mean ? is the market maker increasing the spread because theres lot of trade activity for this counter ?