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How to invest in USA/China index fund?

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Old 04-07-2019, 03:39 AM   #1
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How to invest in USA/China index fund?

I am a simple, lowly educated grab edmw and totally new to investments. For a start, I want to put my life savings of 30k SGD into USA/China index funds. Can I ask whether 30k is enough to play?

Please explain to me like an idiot, including what accounts to set up.

May I know what are the basic steps involved and what are the fees to take note as I heard index fund are supposed to be low cost due to passive nature?

To invest in index fund, is there 2 ways only? ETF or mutual fund? What are things to take note?

To invest in china/USA, need to convert to foreign currency or are there derivatives that trade in sgd that track those index?

Anything to take note of regarding taxes if convert to foreign currency and invest in foreign index fund?

Should I go down to bank to educate myself more? If not, where else to get short course on how to invest in overseas index fund?

For China index fund, what are some of the big cap index fund, similar to USA Dow jones/S & P, etc?

PS. U can include recommendations on investment company to look for

Last edited by happi3friend; 04-07-2019 at 04:42 AM..
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Old 04-07-2019, 10:10 AM   #2
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Your first question is quite off. You can play with a much lesser amount. When you use the word play, I take it that you can afford to lose the 30k.
Have u filled out questionnaires or risk assessment questions about your risk appetite? Have you contemplate trading/investing on demo account before? What made you suddenly want to enter the market?

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Old 04-07-2019, 03:24 PM   #3
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Your first question is quite off. You can play with a much lesser amount. When you use the word play, I take it that you can afford to lose the 30k.
Have u filled out questionnaires or risk assessment questions about your risk appetite? Have you contemplate trading/investing on demo account before? What made you suddenly want to enter the market?

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I don't mind holding onto it for 5 to 10 years

Index fund have 10 percent return average. That's why I feel it's safe if I can hold onto it
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Old 04-07-2019, 03:49 PM   #4
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I don't mind holding onto it for 5 to 10 years

Index fund have 10 percent return average. That's why I feel it's safe if I can hold onto it
Why do I feel that you are trolling...

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Old 04-07-2019, 04:26 PM   #5
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Why do I feel that you are trolling...

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join date May 2019.

1203 posts already.

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Old 04-07-2019, 05:16 PM   #6
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Why do I feel that you are trolling...

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I don't know. Maybe you think 30k is alot when it isn't, can't even buy 10 percent of a decent flat
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Old 04-07-2019, 05:41 PM   #7
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Is this a new ervino clone
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Old 04-07-2019, 05:47 PM   #8
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Is this a new ervino clone
Definitely not. That clown won't buy ETFs.

Anyway, happi3friend you may consider this plan first before going overseas.

Build a local portfolio and gain some confidence. Then you can venture overseas.

https://www.posb.com.sg/personal/inv...s/invest-saver

Read more from this thread during your kopi break.

https://forums.hardwarezone.com.sg/s...r-4309151.html
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Old 04-07-2019, 05:58 PM   #9
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Definitely not. That clown won't buy ETFs.

Anyway, happi3friend you may consider this plan first before going overseas.

Build a local portfolio and gain some confidence. Then you can venture overseas.

https://www.posb.com.sg/personal/inv...s/invest-saver

Read more from this thread during your kopi break.

https://forums.hardwarezone.com.sg/s...r-4309151.html
Thank you. My issue with SGX is that it sucks. I prefer to invest in stock market where it's liquid and high growth, not SGX type where it's so boring.

USA and China big cap like dow Jones and s&p are my type of tea

I would like to head straight and invest overseas right away. That's why I wanna ask these questions.

Am I right that as long as the index go up, I will earn?

Thus I don't think I need to worry too much

PS I don't know who is this ervino and I am not him... Not here to argue with people but to seek advice
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Old 04-07-2019, 06:18 PM   #10
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I started with US market and frankly it’s much much much more stable and lucrative than sg or hk market for me.

I don’t understand what’s the point of starting from a poor liquidity market like ours.
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Old 04-07-2019, 06:22 PM   #11
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Hope newbies dun get the idea that US mkt sure huat. Now is at record highs.... If u buy now, wat if recession hits along the way... Bloody
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Old 04-07-2019, 06:38 PM   #12
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Thank you. My issue with SGX is that it sucks. I prefer to invest in stock market where it's liquid and high growth, not SGX type where it's so boring.

USA and China big cap like dow Jones and s&p are my type of tea

I would like to head straight and invest overseas right away. That's why I wanna ask these questions.

Am I right that as long as the index go up, I will earn?

Thus I don't think I need to worry too much

PS I don't know who is this ervino and I am not him... Not here to argue with people but to seek advice
Before you learn to fly, maybe you should learn to run first?

Start with your local market. Then slowly move on to overseas once you get a feel of what it's like to invest.

The reason why I recommend the POSB IS is because there is a built mechanism to buy with little discipline and effort.

If you go US directly, you need to be more discipline in your approach.
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Old 04-07-2019, 07:19 PM   #13
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I am a simple, lowly educated grab edmw and totally new to investments. For a start, I want to put my life savings of 30k SGD into USA/China index funds. Can I ask whether 30k is enough to play?

Please explain to me like an idiot, including what accounts to set up.

May I know what are the basic steps involved and what are the fees to take note as I heard index fund are supposed to be low cost due to passive nature?

To invest in index fund, is there 2 ways only? ETF or mutual fund? What are things to take note?

To invest in china/USA, need to convert to foreign currency or are there derivatives that trade in sgd that track those index?

Anything to take note of regarding taxes if convert to foreign currency and invest in foreign index fund?

Should I go down to bank to educate myself more? If not, where else to get short course on how to invest in overseas index fund?

For China index fund, what are some of the big cap index fund, similar to USA Dow jones/S & P, etc?

PS. U can include recommendations on investment company to look for
There’s nothing much to “play” for index fund.
You just buy and... that’s it.
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Old 04-07-2019, 07:34 PM   #14
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Hope newbies dun get the idea that US mkt sure huat. Now is at record highs.... If u buy now, wat if recession hits along the way... Bloody
I tot so 4 yrs ago. just buy around biz but dun overpay

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Old 04-07-2019, 08:30 PM   #15
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I started with US market and frankly it’s much much much more stable and lucrative than sg or hk market for me.

I don’t understand what’s the point of starting from a poor liquidity market like ours.
Hi Perisher, thats what I am looking for.

Are you able to teach a total newb what he needs to do in order to play US/China index fund market? What accounts do I need to set up? Things to take note

Taxes, currency, all the questions in my first post...

There’s nothing much to “play” for index fund.
You just buy and... that’s it.
Yes, I am not asking how to "play" index fund. How do you start buying overseas index fund?

Should I go down to a bank and ask?

Who should I ask to answer all my questions? I never play stocks before

Last edited by happi3friend; 04-07-2019 at 09:14 PM..
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