Official Shiny Things thread Episode V, The Empire Strikes Back

[revhappy]

I guess I will just stick with Endowus fundsmart; 60% in Amundi World equity and 40% in Amundi Global Agg. Although there is 30bps cost, I think the convinience is worth it. I dont want to be bothered with IBKR fx conversions, spread, brokerage fees etc.

 

[CrashWire]

It is 2024 and I cant beleive there is still no investment vehicle out there which passively invests into global 60/40 stock-bond portfolio, without jumping through hoops

One of the robos had a promotion in the past for LionGlobal All Seasons Fund, which might be close to what you're asking for:

https://www.lionglobalinvestors.com/en/lion-global-all-seasons-fund.html

What I think non-US markets are sorely lacking are target date funds, where you can put all your money targeting a say 2050 retirement, and they'll automatically manage the ratio of stocks and bonds for you to minimise sequence of returns risk.

 

[revhappy]

Just came across this article. Amundi is launching really good stuff for us.

https://www.etfstream.com/articles/amundi-launches-europe-s-cheapest-all-world-etf

 

[highsulphur]

Just came across this article. Amundi is launching really good stuff for us.

https://www.etfstream.com/articles/amundi-launches-europe-s-cheapest-all-world-etf

For those already holding on to other similar etf (iwda isac vwra), will likely just keep buying those?

 

[BBCWatcher]

Just came across this article. Amundi is launching really good stuff for us.
https://www.etfstream.com/articles/amundi-launches-europe-s-cheapest-all-world-etf

WEBG is a distributing fund. I wonder if they offer an accumulating variant. If they do it looks great: Ireland domicile, U.S. dollar quotation currency, 0.07% TER, physical replication….

…..But don’t delay your long-term investing journey with “paralysis by analysis.” There are so many questions in this forum about “Which fund is better?” Answer: ANY of them is better than “do nothing.” We already have excellent global stock index funds available. VWRA, ISAC, and some others. (VT for U.S. persons.) Just pick one, and get dollar cost averaging! If your grandmother’s name is Irene pick ISAC in honor of her if you like. It really doesn’t matter. PICK ONE! If something slightly better comes along (and it’d only be very slightly better), OK, switch to buying that one for future purchases if you like.

 

[revhappy]

WEBG is a distributing fund. I wonder if they offer an accumulating variant. If they do it looks great: Ireland domicile, U.S. dollar quotation currency, 0.07% TER, physical replication….

…..But don’t delay your long-term investing journey with “paralysis by analysis.” There are so many questions in this forum about “Which fund is better?” Answer: ANY of them is better than “do nothing.” We already have excellent global stock index funds available. VWRA, ISAC, and some others. (VT for U.S. persons.) Just pick one, and get dollar cost averaging! If your grandmother’s name is Irene pick ISAC in honor of her if you like. It really doesn’t matter. PICK ONE! If something slightly better comes along (and it’d only be very slightly better), OK, switch to buying that one for future purchases if you like.

Thanks. For global aggregate bond index unhedged to any particular currency, can you please suggest some ETFs?

 

[BBCWatcher]

For global aggregate bond index unhedged to any particular currency, can you please suggest some ETFs?

Probably CRPA on the London Stock Exchange.

 

[revhappy]

Probably CRPA on the London Stock Exchange.

Thanks. I just compared CRPA and AGGU. Although CRPA has higher YTM of 1%, it seems CRPA is just more volatile, ie falls more than AGGU when rates rise and rises more than AGGU when rates fall. But since 2017, the price performance is equal, thats really strange.


Edit: I found an old comparison post of yours, which makes sense to me, I will go with CRPA. Thanks!

https://forums.hardwarezone.com.sg/...s-club-part-2.5813566/page-365#post-123273977

 

[BBCWatcher]

Thanks. I just compared CRPA and AGGU. Although CRPA has higher YTM of 1%, it seems CRPA is just more volatile, ie falls more than AGGU when rates rise and rises more than AGGU when rates fall. But since 2017, the price performance is equal, thats really strange.
Edit: I found an old comparison post of yours, which makes sense to me, I will go with CRPA. Thanks!
https://forums.hardwarezone.com.sg/...s-club-part-2.5813566/page-365#post-123273977

Shiny Things thinks LQDA is worth considering. That's a U.S. dollar corporate bond index fund. I like CRPA's multi-currency character, but I can understand the argument.

I think IGIL is intriguing. If for example you're the sort of person who'd otherwise buy gold (or other metals) in some form then IGIL is a much better choice IMHO. It's an extremely conservative long-term vehicle if that's the sort of thing you're looking for, but it should work a heck of a lot better (and be much less volatile, and lower cost) than gold or other metals.

 

[Listopad]

currently my entire equities portfolio (VWRA / IWDA+ EIMI) are held with SCB Singapore. wonder if i should diversify and hold some in another platform? any concerns here?

 

[highsulphur]

currently my entire equities portfolio (VWRA / IWDA+ EIMI) are held with SCB Singapore. wonder if i should diversify and hold some in another platform? any concerns here?

Can diversify into ibkr? Since it's cheaper to execute from there too

 

[BBCWatcher]

currently my entire equities portfolio (VWRA / IWDA+ EIMI) are held with SCB Singapore. wonder if i should diversify and hold some in another platform? any concerns here?

Let's suppose (hypothetically) that particular financial institution runs into trouble (with respect to you at least) and those particular assets are frozen for 12 months. Would you be able to cope with that loss of liquidity? If yes, carry on. If no, OK, consider holding some liquid assets with a second custodian.

It doesn't particularly matter that your equities portfolio is entirely held with one custodian, as long as the custodian is a high quality one. I think Standard Chartered qualifies as high quality. What really matters for these purposes is your total liquid assets of all types.

 

[CaptainWu]

currently my entire equities portfolio (VWRA / IWDA+ EIMI) are held with SCB Singapore. wonder if i should diversify and hold some in another platform? any concerns here?

Me too with majority under SCB and I am comfortable with it, but it just me.

 

[kickass22]

Hi BBCwatcher and all,

Got a question in regards to asset Allocation,

If you equities( World ETF , SG stocks + Reits) , CPF Life (Annuity) and SSB(Bonds) in your asset allocation. What is the role of traditional Bonds (MBH , CRPA etc..) in the asset allocation mix?

Are they needed to be added into you Asset Allocation?

Thank You.

 

[Listopad]

Just came across this article. Amundi is launching really good stuff for us.

https://www.etfstream.com/articles/amundi-launches-europe-s-cheapest-all-world-etf

Given this , would you still explore Endowus (paying additional +30bps)?

 

[revhappy]

Given this , would you still explore Endowus (paying additional +30bps)?

Nope. I am going with IWDA+CRPA.
I was reluctant with IBKR, because of the decision making process, the currency conversion, bid ask spread, the ETF spread. I like the mutual fund structure where you just purchase and you get end of the day NAV.

But then paying 30 bps per year, is not worth it.

 

[revhappy]

I funded IBKR today to buy IWDA and CPRA and I am reminded why I had decided not to use IBKR.
1) The currency conversion step, USDSGD started shooting up for some reason and I kept chasing it and in the end I found I lost $29 compared to if I had just done a market price buy

2) IWDA opened more than 1% up, not sure why, anyways I bought it at 98.8 and immediately I look like a fool because I see MTM $25 loss.

3) I am still trying to buy CPRA. Market is open since last 1.5 hrs and not a single trade on this counter. So am I the only genius who has discovered this ETF and nobody else has heard about it?

 

[highsulphur]

I funded IBKR today to buy IWDA and CPRA and I am reminded why I had decided not to use IBKR.
1) The currency conversion step, USDSGD started shooting up for some reason and I kept chasing it and in the end I found I lost $29 compared to if I had just done a market price buy

2) IWDA opened more than 1% up, not sure why, anyways I bought it at 98.8 and immediately I look like a fool because I see MTM $25 loss.

3) I am still trying to buy CPRA. Market is open since last 1.5 hrs and not a single trade on this counter. So am I the only genius who has discovered this ETF and nobody else has heard about it?

how are those reasons not to use IBKR? Would have it different or better if you had used another broker?

 

[BBCWatcher]

I funded IBKR today to buy IWDA and CPRA and I am reminded why I had decided not to use IBKR.
1) The currency conversion step, USDSGD started shooting up for some reason and I kept chasing it and in the end I found I lost $29 compared to if I had just done a market price buy

Umm... Isn't that "operator error"?

2) IWDA opened more than 1% up, not sure why, anyways I bought it at 98.8 and immediately I look like a fool because I see MTM $25 loss.

Oh come on. Prices bounce around all the time. It doesn't matter. Get used to it.

3) I am still trying to buy CPRA. Market is open since last 1.5 hrs and not a single trade on this counter. So am I the only genius who has discovered this ETF and nobody else has heard about it?

That's not what my market data readout shows.

 

[BBCWatcher]

3) I am still trying to buy CPRA. Market is open since last 1.5 hrs and not a single trade on this counter. So am I the only genius who has discovered this ETF and nobody else has heard about it?

What price did you specify? Have you tried taking the asking price, subtracting a penny, and placing your order? (And what's the hurry, actually? Put an order in at the current Ask and let IB figure it out.)

Interactive Brokers has something called smart routing, and it can wait a little patiently during a trading day. That's "working as designed." I think you can shut that off if you really want, but you probably don't want.