1. I am not sure why you are trying to twists and turns for Shiny Things here. It is a fact that Shiny Things advocate you to buy IWDA or otherwise VWRD as alternative which includes some EM. Go find his posts and they are everywhere here that can verify what I said is true.
2. I don't see how STI can be compared to China's stock market and can be substitute for China market's exposure. GDP of Singapore is $372B vs China's $13,368B and hence ultimately the stock market effect will be vastly different. Furthermore based STI ETF and China A50 ETF price movements, I can't see close correlation between STI ETF ES3 vs China A50 ETF 2822.HK. Example, based on inception date in Aug 2012 where 2822.HK is HK$7.13 and now is HK$14.52 vs ES3 where in Aug 2012 is S$3.06 and now is S$2.711, so
2822.HK has gone up by +103.64% while ES3 has gone down by -11.40%, so there is no close correlation at all between STI index and China A50 index!
3. Again, you comments about all those questionable reporting / financial statements etc are limited to small number of Chinese companies, but you wrote as though all Chinese companies got the same problem, which of course is a false claim (just like what Shiny Things made)!
Based on your analogy, anybody can also say USA/Western companies are full of questionable reporting / financial statements with their Auditors working in collusion to cover these fraud up,
otherwise you won't see historic worst case biggest financial fraud and bankruptcy happened to companies like Enron, Worldcom, and others like Arthur Anderson, and now Wirecard! So based on your logic, the fact of actual historical collapse of USA and Western companies due to accounting fraud means that investing in USA and the West's stocks is really no different from "taking the risk of bringing home a man as a wife" right?!
4. Fair enough, but for diversification purpose, I won't put all money in 1 market, and definitely not in IWDA (with >65% in USA market) and USA markets & USD, especially when USA Gov is printing USD like toilet papers and issuing so much USA Gov bonds which they clearly have NO ability to repay with real assets (other than to repay you with the printed USD toilet papers which keep depreciating in real value the more they print the USD toilet papers)! Not to mentioned the horrendeously over-priced US stocks (especially the US tech stocks), and IWDA contains >65% of horrendously over-priced US stocks!
I don't look at absolute return - I look at % of ROI.
There is no way where the stock market will not be volatile when there are many individual players (who acted independently),
unless you deploy this ponzi scheme that I had exposed, i.e. devise a "ponzi scheme" like "DCA blindly into index ETFs over long term regardless of market conditions" (and don't sell), and in this case the stock index will be very stable and mostly going up and up and up (with very little "standard deviation", which is what you like), because there are so many greater fools to help to push up the price by buying blindly (because few people will sell)!
However,
this will only make the early adopters (like Shing Things (and are you one of this early adopters?)) retire early and very rich, while the later adopters will see diminishing returns and even face losses when they are ready to retire 30 years down the road (because there is no way horrendously over-valued stocks like now can continue to climb forever for next 30 years)!
5.
Too many of you have been brain-washed by Western propaganda, and all the lies, falsehoods, and fake claims by these Western media that you read (just like Shiny Things). This is particularly so when most of you can only read and understand English (and only read these biased Western media) but have poor grasps of Chinese (or can't even read Chinese) and don't read Chinese publications at all.
There are always 2 sides to a story, but most of you can only read 1 sided story, and usually the ang mo side if you are Singaporeans who has poor grasp of Chinese.
6. You said CoVid-19 numbers from china is "kelong"?
You didn't read so many people commenting that USA CoVid-19 numbers are the most "kelong" of all in the world?! USA CDC don't even want to collate their numbers from all states and refused to do so! Again, you don't know right?! Otherwise you will no say China's CoVid-19 numbers is "kelong", it should be USA CoVid-19 numbers we are seeing now that is totally "kelong"!
May be there will come a time when people said USA can be trusted again, but
USA has already lost all credibility and people's trust since several years ago, with the shocking exposure (with concrete evidence) that USA Gov, with the aid of US companies and the Five Eyes countries (UK, Australia, New Zealand and Canada),
has engaged in world-wide massive spying, hacking, and stealing, and also assassination and murder, and also war crimes in Afganistan, Iraq, etc! Not only that, USA tried to block investigation into its war crimes by International Criminal Court and wanting to sanction those people who participate in this investigation! Oh talk about USA sanctions, USA sanctions are everywhere, as though whole world's people are under their justification and they can sanction and detain and jail you for whatever Trump-edup reasons they want! Just look at the illegal detention of Meng Wangzhou and we will know!
Even USA initiating war on Iraq, Syria, Libya etc, this act itself is a war crime! But obviously USA has been bullying through all its way because it used to be the most powerful nation in the world, but USA is now so scared that it can no longer maintain being the most powerful country in the world (and can waged war against any country any time they like) because of rise of China that USA and its White Western allies need to everyday keep spilling lies and falsehoods about China to get more countries to stand to their side to boycott China. Well, at least quite a number of people are not so stupid to fall into USA's trap!
1. I've always held the perception Shiny's always pro IWDA and not VWRD. The way Shiny's answer was half hearted approach towards VWRD.
2. I'm not shiny, but speaking for myself, VWRD or IWDA+EIMI is not warranted considering we hold high amounts of STI which is highly correlated to the chinese market.
3. At first glance, I was blinded over 2822.hk, as a still hot blooded male I was excited to see Twin Peaks on my yahoo finance chart...You see, I fear beautiful woman like 2822, you won't know what you'll find "inside", it could be a man (questionable reporting ie statements whatever). An iron clad panty i mean curtain ring fences all these reporting, thus I find it fair to make unfair and unsubstantiated claims of Chinese companies. It can't be helped..would you really want to take the risk of bringing home a man as a wife ?
4. Comparing the returns of 2822 from the day it started with IWDA and VUSD. On an absolute return basis, it is quite attractive but as expected won't beat VUSD (the king of sitting on the efficient frontier) but beats IWDA.
However, as far as I invest, and it should apply to most, that absolute return is an illusion. People especially retail investors fear losses more so than making good returns.
2822 clearly shows it has CONSIDERABLE standard deviation (RISK), but also made worse based on my observation that it is plagued by Chinese retail investors and playing it like a bet in the race course. Not many of us would want to go through that sort of excitement.
5. I'm clearly biased and do not need to be ang moh to be one, many Chinese Singaporeans or asians also hold such views but may not necessarily be negative....hmmm let me see, china girls are pretty, WTH MOE is recruiting such pretty chinese language teachers !, even my primary one son can tell.
When covid19 numbers from china came out, I was already spouting "kelong". I also tell my incessant lying son-an older and smart one-, don't keep crying wolf, it will come and bite you one day. That's what China is facing now-lack of credibility...yes perhaps conspiracy theories that the west and western media is behind it-still it can't be helped if China is innocent.
One day just as the with the korean products, we will get to trust Chinese products.
So I assume you have opened an account with Tiger trading platform ?
