Official Shiny Things thread—Part III

[Shiny Things]

First, everyone: stop baiting Chrisloh65. Just report his posts and move on—or, even better, block him and move on, and let me handle reporting him when he posts stuff that's in violation of the board's rules.

He's said before that he's not here to learn, or to have a discussion, he's just here because he enjoys starting fights. And that's why he doesn't post in his own thread—because when he posts in his own thread, he doesn't get the attention and he can't start fights.

That said…

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

1. Chrisloh65
2. Swan02

Credit where credit is due: Swan02 has done a 180. Swan, if you see this, I’ve noticed you’ve been a lot more relaxed and engaged here, and I do appreciate that.

I’m not so interested in sg and hk portion but this etf just happened to not have Australia and Japan but has singapore...

Fsmone RSP only offers the hkd option... that’s why I’m wondering what’s the diff and if it is ok for me to buy the hkd one

Can recommend a China etf or Asia etf to invest in to form a part of my portfolio ?

Honestly, it seems like you’re getting Pokemon syndrome - you don’t have to catch ‘em all.

Let’s go riiiiight back to first principles. You’re saying you want to overweight Asian markets, over and above what you already get from IWDA, and you want an ETF that’ll let you do that.

I don’t think that’s an amazing trade, but if you must: just buy IFFF LN.

https://www.ishares.com/uk/professi...48/ishares-msci-ac-far-east-exjapan-ucits-etf

1) I assume the underlying assumptions here regarding retirement are that post-65, you drawdown a portion of the portfolio (~3%) every month instead of putting in money every month? This drawdown then forms monthly income alongside any CPF life / other annuity payouts.

Wouldn't that imply that on bad performing stretches, your monthly "income" is substantially reduced since you can drawdown on a depressed portfolio?

Ah yes, but that’s why you have a healthy slug of bonds in your portfolio when you reach retirement. The income stream from those (and the pull-to-par effect) helps you maintain your account value and reduce the amount you need to sell.

2) How to treat investing for 2 goals - e.g. retirement (in 40 years) and buying a house house in 10 years (downpayment)? I would assume you invest similarly (local stock / global stock / local bond) with differing time horizons and simply keep track of them separately?

Yep!

Hey Shiny and frens, don't kill me for bringing up this topic LOL:

What's your opinion on day trading?

It seems that you can actually make a consistent, and maybe huge, profit if you train really hard and be very "good" at it? Is that ********? And is it worth the effort?
[…]

It’s mostly star-star-star-star-star-star-star-star. I know people who’ve tried to quit their job and day-trade, and the vast majority of them end up either wiping their account completely, or just bouncing along and not doing any better than they would have if they’d just put it all in the index and gone to the pub.

Do you know any day traders irl? What is it like? Or should he go do something else that is "more meaningful"?

I know a few, yeah. Quite a few of my ex-colleagues trade their own money these days… but these are people who have already been professional traders for fifteen or twenty years. And that’s the difference between you and them—fifteen years of paying their dues and learning how to trade, with someone else’s money. And with managers, and expensive risk management software, and full-time market risk management teams sitting right over their shoulder to make sure they don’t do anything dumb. Newbie day traders have exactly zero of those things, and no way to get them.

I think I mentioned upthread that one of my old bosses is semi-retired and trading his own money. He’s been trading since 1995. That’s the sort of experience you need to have.

On that note, what else out there can give you a good $/time ratio? Other than selling backside

The best thing you can do is to do whatever you can to jack up your salary and get promoted. “Invest in yourself” is good advice!

(Honestly, one of the most profitable moves I ever made was aggressively negotiating for a higher salary and stock when I joined my current company.)

1. Should I continue buying G3B via FSMone?
2. Buy ES3 and stop buying G3B?
3. Buy both ETFs to 50/50 ratio (one a month) for my local stock ETF?

Number 2 is easiest.

Anyone has an idea of how to weigh surrendering endowments (and redeploying to a 3-fund portfolio) vs keeping it?

[…]

Question is whether scenario 1 should be looking at the illustrated benefits (i.e. 4.75% performance) column since it's likely that the insurer's par fund will be performing at ~4% as well if my investment is performing at that level?

The answer will almost always be “surrender it”. Don’t ever trust the “illustrated benefits” column; that number is completely made up. The insurance companies are allowed to use any number up to 4.75% to do benefit illustrations - so of course they’ll use 4.75%, because that makes them looks the best.

Saw one AIA advisor sharing on his Instagram that Michael Burry talking about the index bubble.

Yeah, we saw that column when it first came across the wires a few months ago. Michael Burry traded the GFC spectacularly well, but two things:

1. He’s fallen into the trap that a lot of traders fall into, where they hit a jackpot once and then they do the same trade over and over again, hoping for the same outcome even when they keep losing money. It’s John Paulson - he made money being an Uber-bear in 2008 and then lost it all. It’s John Meriwether - he made money shorting vol ahead of 1998, lost it all, then started another fund and tried to do the same thing and lost it all again.
2. He’s outside his area of expertise, and he’s saying stuff about ETFs that is clearly and blatantly wrong. ETFs are not like CDOs.

Hi all,

Is there any other recommended brokerage, but with STOP LOSS function?

Standard Chartered doesn't seem to offer STOP LOSS, all I see is stop limit.

Any advice would be appreciated.

That’s because you shouldn’t use stop-market orders anyway. Use stop-limit orders instead, so that you don’t get stopped out with no price limit in the event of a flash crash.

Hi all,

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

Because it's worse for global stocks. And the custodian doesn’t really matter in my view: see below.

While I think the possibility/risk of failure of IB/Blackrock is very very very very low, I am mindful of history:

Firstly, IB and Blackrock are two very different things! IB is a broker; Blackrock is a fund manager. Blackrock doesn’t touch the funds.

If you dropped an asteroid on the iShares headquarters in San Francisco, all the stocks that IWDA holds would still be there. If you dropped an asteroid on State Street headquarters in Boston, ES3 would still own all its STI stocks. The trustee would just appoint a new fund manager and the funds would keep on truckin’. You don’t need to worry about fund managers failing.

I personally think having a second broker is a huge waste of time. I’d rather keep all my money in one broker because it makes it easier to manage, and IBKR has excellent risk management.

The reason aggressive traders hate IBKR is that they’re so quick to cut your positions if you start racking up losses; and that’s why I love IBKR. If you’re just buying and holding stocks, IBKR will never cut you; but if you’re doing dumb sh*t like selling huge quantities of vol or shorting bitcoin futures or trading 100:1 leverage, IBKR will cut you off before you can do any damage to yourself.

And all of the custodians for UK-listed stocks that I can think of are noticeably worse than IBKR. DBS: custody fees. FSMOne: custody fees. Saxo: custody fees, and they rail you without lube on the FX conversion.

(But in most cases, you've already got multiple custodians. Your overseas stocks are at IBKR; your local stocks and bonds are at FSMOne or Stanchart. That's all you need!)

 

[zoneguard]

Firstly, IB and Blackrock are two very different things! IB is a broker; Blackrock is a fund manager. Blackrock doesn’t touch the funds.

Yes, I can differentiate between IB and Blackrock.

And all of the custodians for UK-listed stocks that I can think of are noticeably worse than IBKR. DBS: custody fees. FSMOne: custody fees. Saxo: custody fees, and they rail you without lube on the FX conversion.

Factual correction. FSMOne doesn't offer UK listed stocks yet as of 25 June 2020.

 

[Duhlazer]

Personally, as a lurking sponge that's just trying to soak up diversified knowledge, I see people like chrisloh as contrarians that test the robustness of the popular views in here, and prod the gurus to provide more illuminating insights. Just that his attitude sucks. Kinda like some local opposition politicians out there.

Just hope fellow newbies take the time and effort to read enough posts by different people to get a proper understanding of various investing methods and risks.

Thanks to all who shared insights and articles. Shall revert to sponge mode.

 

[makav31i]

Yes, I can differentiate between IB and Blackrock.


Factual correction. FSMOne doesn't offer UK listed stocks yet as of 25 June 2020.

FSM also did not charge custodian fees...The only broker in Singapore that offer LSE and does not charge custodian fees is SCB...It doesn't make sense and contradict the message of having one stock broker if you were to use SCB or FSM for local stocks and IB for LSE when you can simply use SCB for both Singapore and LSE stock...

 

[newjersey]

First, everyone: stop baiting Chrisloh65. Just report his posts and move on—or, even better, block him and move on, and let me handle reporting him when he posts stuff that's in violation of the board's rules.

He's said before that he's not here to learn, or to have a discussion, he's just here because he enjoys starting fights. And that's why he doesn't post in his own thread—because when he posts in his own thread, he doesn't get the attention and he can't start fights.

That said…



Credit where credit is due: Swan02 has done a 180. Swan, if you see this, I’ve noticed you’ve been a lot more relaxed and engaged here, and I do appreciate that.





Honestly, it seems like you’re getting Pokemon syndrome - you don’t have to catch ‘em all.

Let’s go riiiiight back to first principles. You’re saying you want to overweight Asian markets, over and above what you already get from IWDA, and you want an ETF that’ll let you do that.

I don’t think that’s an amazing trade, but if you must: just buy IFFF LN.

https://www.ishares.com/uk/professi...48/ishares-msci-ac-far-east-exjapan-ucits-etf



Ah yes, but that’s why you have a healthy slug of bonds in your portfolio when you reach retirement. The income stream from those (and the pull-to-par effect) helps you maintain your account value and reduce the amount you need to sell.


Yep!



It’s mostly star-star-star-star-star-star-star-star. I know people who’ve tried to quit their job and day-trade, and the vast majority of them end up either wiping their account completely, or just bouncing along and not doing any better than they would have if they’d just put it all in the index and gone to the pub.



I know a few, yeah. Quite a few of my ex-colleagues trade their own money these days… but these are people who have already been professional traders for fifteen or twenty years. And that’s the difference between you and them—fifteen years of paying their dues and learning how to trade, with someone else’s money. And with managers, and expensive risk management software, and full-time market risk management teams sitting right over their shoulder to make sure they don’t do anything dumb. Newbie day traders have exactly zero of those things, and no way to get them.

I think I mentioned upthread that one of my old bosses is semi-retired and trading his own money. He’s been trading since 1995. That’s the sort of experience you need to have.



The best thing you can do is to do whatever you can to jack up your salary and get promoted. “Invest in yourself” is good advice!

(Honestly, one of the most profitable moves I ever made was aggressively negotiating for a higher salary and stock when I joined my current company.)


Number 2 is easiest.



The answer will almost always be “surrender it”. Don’t ever trust the “illustrated benefits” column; that number is completely made up. The insurance companies are allowed to use any number up to 4.75% to do benefit illustrations - so of course they’ll use 4.75%, because that makes them looks the best.



Yeah, we saw that column when it first came across the wires a few months ago. Michael Burry traded the GFC spectacularly well, but two things:

1. He’s fallen into the trap that a lot of traders fall into, where they hit a jackpot once and then they do the same trade over and over again, hoping for the same outcome even when they keep losing money. It’s John Paulson - he made money being an Uber-bear in 2008 and then lost it all. It’s John Meriwether - he made money shorting vol ahead of 1998, lost it all, then started another fund and tried to do the same thing and lost it all again.
2. He’s outside his area of expertise, and he’s saying stuff about ETFs that is clearly and blatantly wrong. ETFs are not like CDOs.

That’s because you shouldn’t use stop-market orders anyway. Use stop-limit orders instead, so that you don’t get stopped out with no price limit in the event of a flash crash.


Because it's worse for global stocks. And the custodian doesn’t really matter in my view: see below.



Firstly, IB and Blackrock are two very different things! IB is a broker; Blackrock is a fund manager. Blackrock doesn’t touch the funds.

If you dropped an asteroid on the iShares headquarters in San Francisco, all the stocks that IWDA holds would still be there. If you dropped an asteroid on State Street headquarters in Boston, ES3 would still own all its STI stocks. The trustee would just appoint a new fund manager and the funds would keep on truckin’. You don’t need to worry about fund managers failing.

I personally think having a second broker is a huge waste of time. I’d rather keep all my money in one broker because it makes it easier to manage, and IBKR has excellent risk management.

The reason aggressive traders hate IBKR is that they’re so quick to cut your positions if you start racking up losses; and that’s why I love IBKR. If you’re just buying and holding stocks, IBKR will never cut you; but if you’re doing dumb sh*t like selling huge quantities of vol or shorting bitcoin futures or trading 100:1 leverage, IBKR will cut you off before you can do any damage to yourself.

And all of the custodians for UK-listed stocks that I can think of are noticeably worse than IBKR. DBS: custody fees. FSMOne: custody fees. Saxo: custody fees, and they rail you without lube on the FX conversion.

(But in most cases, you've already got multiple custodians. Your overseas stocks are at IBKR; your local stocks and bonds are at FSMOne or Stanchart. That's all you need!)

that's why i said it, day-trading are for losers.

i know a couple of them myself.

one ended up selling his only home... a resale hdb and he was in the middle management previously.

and a couple more, move on to get-rich-quick scam sales type of jobs.

listen to Shiny Things.

he is the most qualified to talk about options, as he is paid to be an options trader. but he shills us none of that as he tells us clearly that options trading, leveraged trading, day trading, swing trading are mostly a losers' affair.

pls google Shiny Things' background and count how many years he is in the financial market from Oceania, SG and US before u think that u know more than him.

and yes, at the same time, i am putting Chrisloh65 on my blocklist.

Amen.

 

[BBCWatcher]

Following that rule, what custodian would you recommend other than IB? Specifically for IWDA type ETF?

First of all, would IWDA represent more than half of total household wealth? That’s possible but not too common. My personal rule is to use half of total household wealth as a threshold, and total household wealth includes real property, CPF savings, etc. The hypothetical demise of a quality, well regulated custodian is only really a temporary liquidity impairment event, assuming you’re not taking the forms of risk I described or similar, which would be another problem.

I suppose Standard Chartered is a possible second custodian for IWDA, but there aren’t a lot of great choices.

 

[newjersey]

I don’t think that makes sense. There is no equivalent to the SIPC in Singapore, so if you apply the same logic you would hold zero assets in Singapore (except for SDIC protected assets to SDIC limits and government guaranteed assets, such as Singapore Government Securities).

I have a personal rule to avoid entrusting more than half of household assets to one custodian. But a couple or a very few high quality custodians is plenty. Dodgy custodians should always be avoided for anything nontrivial, of course.


That’s a good question.

that's correct.

lots of sg folks think their investments are protected with the local brokers.

it's not.

Interactive Brokers is the one w a flat initial us$250k insurance by the US Gov.

 

[BBCWatcher]

Interactive Brokers is the one w a flat initial us$250k insurance by the US Gov.

The SIPC limit is actually US$500,000, of which up to US$250,000 can be cash (in any currencies).

lots of sg folks think their investments are protected with the local brokers.

They’re also ring fenced from affiliated banks, meaning it’s possible for the brokerage to collapse without dragging the bank down. Not that the bank’s customers would be happy, but it’s possible.

As an analogy, if you buy an airline ticket that involves a regional carrier, it’s often indistinguishable from the major affiliated carrier: same branding, airline flight code, uniforms, inflight magazine, frequent flyer points, etc., etc. But in the rare cases there’s a crash, suddenly it’s “A (random LLC name you’ve probably never heard of) flight crashed today. Of course that’s not (affiliated major/parent airline).”

 

[FrostWurm]

The SIPC limit is actually US$500,000, of which up to US$250,000 can be cash (in any currencies).

I know this topic has re-surfaced many times, but it is not entirely clear(correct me if I'm wrong) that SIPC coverage extends to Singapore-resident investors using the IB platform here even if they were to invest on NYSE (instead of LSE).

I can't remember the exact reasons though. Had something to do with locations of the specific IB entities.

Although this is not to say that SIPC won't do anything at all.

 

[Calpha K]

Why would you need stop loss unless you're trading? Anyway, a stop limit order is a stop loss. Once your price hits the STOP price the broker executes a limit order for you. That's the definition of stop loss.

That’s because you shouldn’t use stop-market orders anyway. Use stop-limit orders instead, so that you don’t get stopped out with no price limit in the event of a flash crash.

My apologies, I meant SC only shows me 2 options when I click on the Sell button, either Sell limit or Sell market. But there is no STOP LOSS function.

I have been dabbling on Oanda MT4 and a SELL LIMIT and a STOP LOSS are 2 different functions.

What you two are saying is that the Sell limit is the STOP LOSS? But that doesn't make sense to me.

Example: Stock is $5 now. I want the system to sell it if it reaches $2. If i put a sell limit at $2, someone who bids at $3 would fill my order. And I don't want that, I want it sold ONLY if price reaches $2.

How can I do this, please? Or does SC simply not offer stop losses?

 

[cassowary18]

My apologies, I meant SC only shows me 2 options when I click on the Sell button, either Sell limit or Sell market. But there is no STOP LOSS function.

I have been dabbling on Oanda MT4 and a SELL LIMIT and a STOP LOSS are 2 different functions.

What you two are saying is that the Sell limit is the STOP LOSS? But that doesn't make sense to me.

Example: Stock is $5 now. I want the system to sell it if it reaches $2. If i put a sell limit at $2, someone who bids at $3 would fill my order. And I don't want that, I want it sold ONLY if price reaches $2.

How can I do this, please? Or does SC simply not offer stop losses?

Sell limit is different from stop limit. Both are limit orders, but for sell limit, you're telling your broker to execute the limit order now. For stop limit, you're telling your broker to execute the limit order only if the price hits the trigger price. Does that make sense?

 

[chrisloh65]

Those few others that replied you so far don't even know what they are saying and just bullshiiting

The answer is: SC does not provide STOP LOSS function.

My apologies, I meant SC only shows me 2 options when I click on the Sell button, either Sell limit or Sell market. But there is no STOP LOSS function.

I have been dabbling on Oanda MT4 and a SELL LIMIT and a STOP LOSS are 2 different functions.

What you two are saying is that the Sell limit is the STOP LOSS? But that doesn't make sense to me.

Example: Stock is $5 now. I want the system to sell it if it reaches $2. If i put a sell limit at $2, someone who bids at $3 would fill my order. And I don't want that, I want it sold ONLY if price reaches $2.

How can I do this, please? Or does SC simply not offer stop losses?

 

[chrisloh65]

Ask you, if investing in low-cost index funds is so good, why don't Buffett sell all his stocks in Berkshire Hathaway and put all those money into low-cost index funds instead?

There you are, you have definitely misconstrued what Buffett said!
As I have mentioned before, Buffett already clearly said that if you are "financially idiots", then well putting your money into low-cost index funds is the best for you!

But Buffett is not "financially idiots", so he is not going to do that!
See? You really failed your comprehension? If you are in doubt, please do what Buffett do and not what Buffett said (since you always mis-interpret what he said)!

Other people already provided you with Warren Buffet's view towards ETF/index investing but you don't even bother to read his written letter to Berkshire Hathaway's shareholders. His 2016 letter: https://berkshirehathaway.com/letters/2016ltr.pdf

Selected quotes from page 21 to 25 pertaining to index investing:

See, reading is not difficult isn't it? What ever views you have against ETFs/index investing, Warren Buffett already provided all the proper counter arguments in those 5 pages. I'm sure you're not illiterate.

I'm still waiting for you to share your detailed "evidence" to back up your claims of ETFs/index investing being a ponzi scheme, in fact, why not use your "evidence" and sue the fund providers? Surely with your expert "evidence", you will win in court right?

If you hate ETFs/index investing so much and yet you have nothing to back up your silly claims then just move along, no one is forcing you to invest in them.

 

[chrisloh65]

yea I know it, just playing along with him
If he wins then good for him, but he keep wasting time here. His life really very sad.

Ok, who is the real troll here? The troll is clearly the ones who is "... just playing along with him ...", wanting to make fun of people here and sprouting nonsense and writing rubbish here to waste everybody's time. The life of a troll must be terribly sad?

Everyone should just ignore him and don't even quote him. Let him post all he wants here and when nobody care about him, he will just leave.

Like what people always say, don't feed the troll!

 

[chrisloh65]

If Shiny Things is so good trader as you claimed, then why was he retrenched from his previous job as a trader?!

Shiny Things' background and so many years in the financial market from Oceania, SG and US also couldn't prevent his company from retrenching him from his poor performance right?

In fact, if he is a good trader/investor, he would be making even much more money by trading/investing his own money on his own-time own-target instead of working on a day-job (that has nothing to do with actual investment and managing funds) and still need to see the color of his bosses' face! Imagine the days when you need to say "Yes" to your bosses, suck up to your bosses (people would call this "good negotiation" or other fancifully nice terms rather than "suck up") to get better job, higher pay, higher bonuses etc! Luckily I am FIREd and don't need to experience this.

OK, I am just telling the truth right? I am not going to sugar-coat "retrenched" as boss telling you to find better opportunity elsewhere and do something you can do better than trading right? Never mind that people here will start to say my attitude sucks just for telling the truth?

that's why i said it, day-trading are for losers.

i know a couple of them myself.

one ended up selling his only home... a resale hdb and he was in the middle management previously.

and a couple more, move on to get-rich-quick scam sales type of jobs.

listen to Shiny Things.

he is the most qualified to talk about options, as he is paid to be an options trader. but he shills us none of that as he tells us clearly that options trading, leveraged trading, day trading, swing trading are mostly a losers' affair.

pls google Shiny Things' background and count how many years he is in the financial market from Oceania, SG and US before u think that u know more than him.

and yes, at the same time, i am putting Chrisloh65 on my blocklist.

Amen.

 

[chrisloh65]

Shiny Things,

Caught you again with this kind of baseless unfounded claim like:
"He's said before that he's not here to learn, or to have a discussion, he's just here because he enjoys starting fights."
Could you please provide my previous posts which I ever said that I am "not here to learn, or to have a discussion, ... just here because he enjoys starting fights."?
I am very sure you can't, and if you can't means you are lying here right?!

And this is not the first time I caught you lying, because you also previously claimed that I am a "currency trader", I am an "active trader", and when I asked you to provide my previous posts which I said I am a currency trader or an active trader, you just hide yourself in a hole and refused to provide any facts to back up your claim, because you clearly knows you are lying right?!

And then you also make false claims about investment matters like below which I had requested you to backup your claims (this is my 3rd time asking you to backup your below claims):

https://forums.hardwarezone.com.sg/127874672-post36.html

Shiny Things,
Why don't you do yourself a favor and backup your below claims here?

Firstly, are you sure you want to do this? When you buy a China ETF instead of a global ETF, you're betting that the Chinese stock market will outperform the MSCI World. For that to happen, one of three things has to happen:

* Chinese banks manage to work themselves out from under their GARGANTUAN pile of bad loans; or,
* Chinese tech companies go from "trading at a titanically expensive multiple of earnings" to "trading at a truly monstrously expensive multiple of earnings"; or,
* Chinese property companies manage to keep the Ponzi going. I have a few acquaintances who look at this stuff and none of them can figure out how the Chinese property sector hasn't imploded yet.

................
"China is going to emerge!" has been trapping people in an underperforming market for decades.

Could you please provide facts to back up your claims that:

(1) You claimed that Chinese banks have GARGANTUAN pile of bad loans!
Where is the evidence? Please point to the Chinese bank financial statements, etc. ICBC, and show us where is the GARGANTUAN pile of bad loans?

(2) You claimed that Chinese tech companies are "trading at a titanically expensive multiple of earnings" that should be avoided!
But yet why you didn't warn all of us here that many of the USA tech companies are now "trading at a monstrously expensive multiple of earnings" (worst than those titanically expensive Chinese tech stocks) when you advocated others here to continue to buy IWDA, consisting of >65% US stocks (including those "mostrously expensive" US tech stocks)?

(3) You claimed that Chinese property companies are having Ponzi scheme!
What ponzi scheme and where are the facts and evidence?

(4) You claimed that "China is going to emerge!" has been trapping people in an underperforming market for decades!
Please back up your claim.

From what I can see, comparing VWRD etf (that you recommended) and 2822.HK China etf since 2012 (near their inception), 2822.HK has beaten VWRD handily since 2012! Wow! so much for underperforming market but beating VWRD (that you recommended) handily hands down!

And strangely, why you don't want to tell us that USD and US T-bills is the biggest ponzi scheme of all time in history?!
US Gov clearly has no ability to pay off all the T-bills without printing more USD like toilet papers!

And another ponzi scheme is to "DCA blindly into index ETFs regardless of market conditions" so that the earlier adopters will retire early very rich by persuading the latter comers to keep pushing up the price, very much like those MLM scheme!

Now, if you can't provide facts to backup your above claims, that brings into question whether you Shiny Things are purposely spreading lies here or you are really so ignorant and making those false claims in your post?

Well, I was told that you have been complaining about me so many times for exposing your false claims that I was inevitable to get infracture at one point or another due to my casual writings and rebutting you. But that doesn't matter as long as I can expose the truth for the goodshake of all people here!

So, you can't backup your above claims? And you still refused to rectify and acknowledge that your above claims are utterly false? So you purposely want to perpetuate your above false claims and lies here?

So clearly I suppose your claim about me fits yourself the best!:
"he's not here to learn, or to have a discussion, he's just here because he enjoys starting fights" with me - just because I exposed his false claims and lies and he is now so worked-out and agitated about his fake claims and lies being exposed that he is all out to "silent" me so that I cannot expose his false claims and lies any more!

First, everyone: stop baiting Chrisloh65. Just report his posts and move on—or, even better, block him and move on, and let me handle reporting him when he posts stuff that's in violation of the board's rules.

He's said before that he's not here to learn, or to have a discussion, he's just here because he enjoys starting fights. And that's why he doesn't post in his own thread—because when he posts in his own thread, he doesn't get the attention and he can't start fights.

 

[BBCWatcher]

I know this topic has re-surfaced many times, but it is not entirely clear(correct me if I'm wrong) that SIPC coverage extends to Singapore-resident investors using the IB platform here even if they were to invest on NYSE (instead of LSE).

I can't remember the exact reasons though. Had something to do with locations of the specific IB entities.

Although this is not to say that SIPC won't do anything at all.

It seems clear that SIPC coverage currently extends to residents of Singapore since they're doing business directly with Interactive Brokers LLC, the SIPC covered entity. (Check your statements.) Residents of a few countries/territories are not Interactive Brokers LLC customers but rather customers of other affiliated entities regulated in other jurisdictions.

There's definitely no U.S. citizenship or residence requirement for SIPC coverage.

What's a little less clear is whether non-U.S. listed ETFs are SIPC covered as such. I haven't found a clear answer on that point. Although funds such as IWDA aren't U.S. SEC registered, there's still the possibility that IWDA is a "security" within the SIPC's scope.

 

[FrostWurm]

Shiny Things,

Caught you again with this kind of baseless unfounded claim

This guy already has his own thread but still wants to keep coming here

 

[FrostWurm]

Residents of a few countries/territories are not Interactive Brokers LLC customers but rather customers of other affiliated entities regulated in other jurisdictions

Thanks for pointing this out. Are these groups of customers covered by SIPC though (?)

 

[Tiger9119]

This guy already has his own thread but still wants to keep coming here

Just like a Manchester Utd fan who goes to Liverpool FC thread to comment/criticize and vice versa.