Official Shiny Things thread—Part III

[chrisloh65]

SAXO holds custody of SGX-listed stocks instead of CDP.
You are better off using local brokerages like DBS Vickers where custody of SGX-listed stocks is held with CDP for A35 and ES3 and using SCB for VWRA.

Hi I've noticed a preference for SCB over Saxo in this forum.. however I just noticed that Saxo has no custodian fees for SGX listed stocks. If I were to use Saxo just for A35 and ES3, and IB for VWRA, that would make sense right?

 

[hellvolhardzelinsky]

In case you don't know, I am FIREd already and enjoying my retirement life, so nothing sad about it as I have lots of time on hand to do whatever I like.
"SAD" life is only when you are stuck in a day-job and don't have enough money to retire early to enjoy carefree life, need to report to work and see the colors of your bosses' faces, cannot jet-go anywhere at last minute decision without applying for leave and or can't even go for more than 12-weeks overseas holidays in any single year, stuck to living in 99-years leasehold property that keeps depreciating in value (to $0 at end of 99-years lease) and can't leave a "legacy" to your children, and have to take public transport and expose yourself to higher chance of getting CoVid-19 in Singapore, etc! There are more benefits of FIRE, probably others here who have FIREDd can fill in as well.

Wah bro, really very happy for you to be retired at I don't know what age.

How about you show us the way? Just like every fresh graduate, starting with zero dollar and slowly earning their capital to invest and retirement early like you.

There's so many fresh graduates out there. Why not I suggest you create a new thread? Then share with us what the fresh graduates can do! I also suggest you to have a FAQ in your first post to tell people why no to DCA index funds.

You said you don't want people to get fooled but your posts are everywhere. Compile it into a thread and explain to everyone about it. Not everyone is so financial literate like you.

Cheers bro. Waiting for you to start your thread soon

 

[cassowary18]

Admins, please move chrisloh65 posts to his thread. We don't need to see his toxic comments here.

 

[Thoreldan]

Chrisloh65, you may have a lot of money, but to us you're just a pesky little kid. People already asking u to get lost, but you kept stuck here like a bloody leech. Why so thick skin ?

What is wrong with you ? Having some mental issues is it ? Nobody is interested in your life anyway, why don't you just get the f out of here ?

Are you having some inferior complexity and get extremely triggered when other forumers prefer to seek advice from the likes of ST and bbcw ?

U utterly need some help, u are clearly suffering from a lack of attention ... Poor thing

 

[hellvolhardzelinsky]

Come on guys... Sometimes he's giving good advice too. I really want to know how he fire so early. That's why I suggested him to open a thread to talk about it.

If his stuff is legit, more people will follow him... right? Instead of "non-reputable" shiny things.

 

[Thoreldan]

Come on guys... Sometimes he's giving good advice too. I really want to know how he fire so early. That's why I suggested him to open a thread to talk about it.

If his stuff is legit, more people will follow him... right? Instead of "non-reputable" shiny things.

The thing is he never wanted to have his own thread.

He's like a dog lover who goes into a ”Cats are good pet" thread and creates a scene, argues with everyone and refuses to leave.

 

[kram62]

Come on guys... Sometimes he's giving good advice too. I really want to know how he fire so early. That's why I suggested him to open a thread to talk about it.

If his stuff is legit, more people will follow him... right? Instead of "non-reputable" shiny things.

He probably doesn't know what advice to give others. He only know how to tell people not to do index investing but he never explains what the alternative is. If he got rich, he doesn't want to share his recipe for success. Only want to show off, don't want to help others.

So until the time he finally explains what is the right way to invest according to him, backed with data to prove that it works not only by pure luck, yeah he's probably just a troll that likes to be fed.

 

[swan02]

Come on guys... Sometimes he's giving good advice too. I really want to know how he fire so early. That's why I suggested him to open a thread

Here’s how I did it and it’s all common sense or luck.

1. Marry a cheap ass spouse
2. Both work and save like mad
3. Buy hdb during the good days with max leverage.
3. Lump sum ASAP into stocks only. Back then I was picking stocks. Generally started during the GFC. All luck. Throw darts also can when prices r depressed.
4. Keep buying is the strategy. bought anything from USA to China to whatever in those days expensive ETFs.
5. Sold stocks and Bought property with zero leverage overseas. Should have leveraged but didn’t like debt.
6. Buy stocks again ASAP.
7. sold stocks and bought Another property overseas zero leverage.
8. Keep buying stocks only lump sum ASAP with little cash on the side. Buy buy buy.
9. Retired 38 yo.
10. Once jobless, start to be concerned with asset allocation and retirement. Would have been heaps richer if I hadn’t quit. Titrate risk down severely by selling assets and keeping mostly cash now.
11. Bottomline, should have continued to work... this way you can always have a much higher asset allocation to equity even 100 percent. And a more peaceful life. Now I’m stressed managing money and seeing prices all expensive. Stressed thinking whether dca over 10 years or 12 months or lump sum. all these stressors cuz I’m retired. It shouldn’t be that way.
12. On hindsight, 100 percent equity and lump sum have kept things simple. No need specific dates or price, just buy. No need bonds no need to stress. Just ensure diversity within the equity class although I was hardly diversified during those days.
13. See everyone knows this, it’s no secret...but hard to do like saving and be a cheap ass and marrying a plain Jane. Ya I avoided pretty girls. I would be too stingy anyways, girls will run., I loved money more than girls.

 

[celtosaxon]

Come on guys... Sometimes he's giving good advice too. I really want to know how he fire so early. That's why I suggested him to open a thread to talk about it.

If his stuff is legit, more people will follow him... right? Instead of "non-reputable" shiny things.

Even if his “stuff is legit” he is giving bad advice for most people. You really have to be a rare breed to beat the index consistently over the long-run. Someone like Warren Buffet is not born everyday. It is an irrefutable fact that the majority of well paid professionals who manage investments for a living cannot beat the index.

Those who are not famous and brag that they can beat the market are more likely to have simply gotten a streak of good luck that cannot be reproduced. Their story often ends with considerable underperformance in the long run.

I cannot say whether this is the case here — all that I can do is speak in terms of statistical probabilities since we are absent facts and data.

 

[chrisloh65]

Reported your post for harassment and rude and insulting statements!
I will not stoop to so low like you do.

Chrisloh65, you may have a lot of money, but to us you're just a pesky little kid. People already asking u to get lost, but you kept stuck here like a bloody leech. Why so thick skin ?

What is wrong with you ? Having some mental issues is it ? Nobody is interested in your life anyway, why don't you just get the f out of here ?

Are you having some inferior complexity and get extremely triggered when other forumers prefer to seek advice from the likes of ST and bbcw ?

U utterly need some help, u are clearly suffering from a lack of attention ... Poor thing

 

[chrisloh65]

I know, you prefer some people even if they are telling lies and false claims than the truth, that is fine with me but don't come claiming that my comments are toxic - because they are "toxic" only to the people whose lies and false claims have been exposed

Admins, please move chrisloh65 posts to his thread. We don't need to see his toxic comments here.

 

[CWL84]

Here’s how I did it and it’s all common sense or luck.

1. Marry a cheap ass spouse
2. Both work and save like mad
3. Buy hdb during the good days with max leverage.
3. Lump sum ASAP into stocks only. Back then I was picking stocks. Generally started during the GFC. All luck. Throw darts also can when prices r depressed.
4. Keep buying is the strategy. bought anything from USA to China to whatever in those days expensive ETFs.
5. Sold stocks and Bought property with zero leverage overseas. Should have leveraged but didn’t like debt.
6. Buy stocks again ASAP.
7. sold stocks and bought Another property overseas zero leverage.
8. Keep buying stocks only lump sum ASAP with little cash on the side. Buy buy buy.
9. Retired 38 yo.
10. Once jobless, start to be concerned with asset allocation and retirement. Would have been heaps richer if I hadn’t quit. Titrate risk down severely by selling assets and keeping mostly cash now.
11. Bottomline, should have continued to work... this way you can always have a much higher asset allocation to equity even 100 percent. And a more peaceful life. Now I’m stressed managing money and seeing prices all expensive. Stressed thinking whether dca over 10 years or 12 months or lump sum. all these stressors cuz I’m retired. It shouldn’t be that way.
12. On hindsight, 100 percent equity and lump sum have kept things simple. No need specific dates or price, just buy. No need bonds no need to stress. Just ensure diversity within the equity class although I was hardly diversified during those days.
13. See everyone knows this, it’s no secret...but hard to do like saving and be a cheap ass and marrying a plain Jane. Ya I avoided pretty girls. I would be too stingy anyways, girls will run., I loved money more than girls.

Haha, you had fierce disagreements with others in the past but overall, you are a reasonable person and that is very admirable. Can't say the same about chrisloh65.

 

[Thoreldan]

Reported your post for harassment and rude and insulting statements!
I will not stoop to so low like you do.

What's there to report ? You still don't get it ? You obviously has the thickest skin I've ever seen in a public forum. You can see the whole chain of comments about u after my post. Pls open your eyes and read them and stop being in denial.

In plain English, you're not wanted here. People are already telling you to GET LOST. So make everyone happy and abide

I truely do not understand what makes you keep coming back though you're not welcomed here. Grow some spine please.

I certainly hope you're not like that in real life. God bless your poor soul.

 

[crystalnox]

13. See everyone knows this, it’s no secret...but hard to do like saving and be a cheap ass and marrying a plain Jane. Ya I avoided pretty girls. I would be too stingy anyways, girls will run., I loved money more than girls.

Thanks for sharing, would it have helped if you didn’t get married at all or did she help contribute to your total investible assets as well? Also was your income above average for you to retire at 38?

 

[Mr Grey]

The one thing you've got right is that Jack Bogle is not an illuminating investor.

That's because Jack Bogle is dead you fool.

Jack Bogle makes lots of money selling index funds and index ETFs to people who buy and hold index funds and index ETFs. Jack Bogle is NOT a illuminating investor himself. It is in the interest of Jack Bogle that you all keep buying and holding index ETFs in the long-term so that he can continue to charge management fees on these index ETFs, and that is what makes him rich!

That is why you need to differentiate between a "businessman" making Billions $ selling you products like "index ETFs" (example Jack Bogle) vs "investor" who make Billions $ making correct investment (example Michael Burry).

 

[flowerpalms]

There are 3 musketeers that ST has said few times they are here to start fights

1. Chrisloh65
2. Swan02
3. The 3rd name i cant recall but i will definitely recognise if i see again

Posted from PCWX using SM-G973F

 

[SpeedingBullet]

Sheesh just put these idiots in your ignore list and carry on. They provide zero value to the thread and society too I might add, don’t bother listening to them.

 

[swan02]

Thanks for sharing, would it have helped if you didn’t get married at all or did she help contribute to your total investible assets as well? Also was your income above average for you to retire at 38?

Our assets are shared. We worked for a common goal ie investing and FIRE. I was a shift worker but in a high demand sector. I was able to work as many shifts and days as I wish. if Sg gross income is $4500 ?, Well when I first started, it was lower, but naturally my base wage was a lot higher with time. The real money comes with overtime. However i only started to get real with money in my late twenties. I tell people you can FIRE in just 10 years. You need to make sacrifices to save.

Marriage was necessary. U get the subsidised hdb flat. This is big deal even if some start to believe hdb is pointless, it’s not pointless if it’s super subsidised. and... always pick the most expensive subsidised flat ie highest floor, biggest, prime location. You won’t get many chances where you can borrow 90 percent.

Also with marriage, you are able to benefit from economies of scale. Such as sharing a room rental, food, car, bills etc with your spouse.

and YES. Spouse contributed to investing. how on earth can we take advantage of real estate investing. Real estate was very important as it’s a lot easier to time the market. I would say my buy and sell timings were always spot on. U don’t need much brains, just need to attend many auctions and understand basic macro economics to get the feel of movement.

NOT so lucky with stocks though making many mistakes initially until i realised I simply need to just buy and hold. So only many years later.... u learn to appreciate the notion why lump sum beats dca.

 

[Calpha K]

Hi all,

Is there any particular reason for DBS Vickers' prefunded account not recommended over SC?

Min comm is also $10, Trading Fees is lower at 0.12%, and stocks stored in CDP.

 

[klanddt]

Hi all,

Is there any particular reason for DBS Vickers' prefunded account not recommended over SC?

Min comm is also $10, Trading Fees is lower at 0.12%, and stocks stored in CDP.

When you sell you pay higher commission charge. SC is the same for buy and sell.

Other than that, it is a matter of preference whether you mind custody or CDP. Some people like to attend AGM have a pack of bento and door gifts etc so they opt for CDP.