Advice for age 42

[alanchia67]

I still can't see who told TS to ask ai.

I'm the person who suggested using ai.

 

[Soomp!]

hmm, buying ut is investing. u ans how u bought them but I was asking "why".
u r the most vulnerable type of "investor", buying products when introduced. not knowing exactly what u r buying, the risks involved. when u cross the road, don't play hp or blindly follow the ppl in front. look out for traffic lights and the cars.
I have 3 ut: Mari invest income, Mari invest gold and schroder Asian growth. i bought them because got promo. hehe

I bought them because I'm not even exposed to investing during my mid twenties ....it believed the myth that my money has to be handled by an expert back then....so I had those in my portfolio which are considered legacy

Good thing that I had some of it posted here and I get to know my expense ratio is so high for that first Sientier fund that I hold for 10 over years

 

[wutawa]

I bought them because I'm not even exposed to investing during my mid twenties ....it believed the myth that my money has to be handled by an expert back then....so I had those in my portfolio which are considered legacy

Good thing that I had some of it posted here and I get to know my expense ratio is so high for that first Sientier fund that I hold for 10 over years

even with an "expert" helping u in investing, u have to do your homework or i will treat it as gambling, and gambling often leads to losing money.

your net profit is more impt than the expense ratio. eg. another ut has lower expense ratio but if its profit is low or even at loss, then the First Sentier ut is better.

 

[Soomp!]

OK. It looks reasonable in that case, although I'm not sure what currency conversion rate they apply.

Probably they changed SGD to USD.

As I had just pumped in my SRS into getting it last Friday.

I will share once it materialised.

ISAC and other global stock index funds already include lots of U.S. listed stocks — a huge percentage, actually. Why would you overweight U.S. listed stocks when you're retiring in Indonesia? The only reason I can think of is that you're predicting that U.S. listed stocks (mid-cap and larger) will outperform non-U.S. listed stocks going forward. I don't think you should be making predictions like that. I have no idea whether U.S. listed stocks will outperform non-U.S. listed stocks going forward, and I suggest neither do you.

I agreed we can't take history and expect the future to be the same.

"Past performance is not necessarily indicative of future results." Moreover, non-U.S. listed stocks have outperformed U.S. listed stocks lately.

I am actually also into this Jack boggle investment strategy that is we don't try to beat the market, we buy the entire market.

Too bad there is no VTSAX for us outside of US.

We can only tweak whatever fund outside that track the total stock market to match Jack's strategy.

 

[wutawa]

I'm the person who suggested using ai.

ai is a great tool if use correctly. i have been using it.

 

[Soomp!]

even with an "expert" helping u in investing, u have to do your homework or i will treat it as gambling, and gambling often leads to losing money.

your net profit is more impt than the expense ratio. eg. another ut has lower expense ratio but if its profit is low or even at loss, then the First Sentier ut is better.

That is what I paid for not knowing what I do and trusting the so called expert.

My Sientier First apparently made me a 80 percent growth and UOB that one although I'm down 40 percent but dividend payout from it is 60 percent of what I initially put in.

So I just treat like I put it in cash /FD or something although it can perform better if I know the skill earlier

 

[wutawa]

1)
UOB unit Trust east spring investment worth 5,905 down from 10,300 which is a lost

That is what I paid for not knowing what I do and trusting the so called expert.

My Sientier First apparently made me a 80 percent growth and UOB that one although I'm down 40 percent but dividend payout from it is 60 percent of what I initially put in.

So I just treat like I put it in cash /FD or something although it can perform better if I know the skill earlier

so for east spring ut, u still having a net gain of $2k or 20% if u include div right? if they are making money, then u should keep them. no point chasing after the "best" investment.

 

[BBCWatcher]

I am actually also into this Jack boggle investment strategy that is we don't try to beat the market, we buy the entire market.

OK, that's a global stock index fund, not an S&P 500 Index fund.

 

[Soomp!]

so for east spring ut, u still having a net gain of $2k or 20% if u include div right? if they are making money, then u should keep them. no point chasing after the "best" investment.

I made 2K
Not 20 percent !

Lol !!
If I make 20 percent I won't make a noise..

 

[Soomp!]

OK, that's a global stock index fund, not an S&P 500 Index fund.

I struggled a lot between wanting to go into dividend investing or growth.

Both I also want ... Lol !!! But my capital don't allow me to go both ...

1 or the other

 

[Soomp!]

Okay ....my plan is consistently go into FWRA instead of ISAC due to expense ratio is 0.05 percent lower.

Actually I don't even know this ticker until I heard it from Kelvin learns investing video which he talked about international exposed is needed now.

 

[wutawa]

I made 2K
Not 20 percent !

Lol !!
If I make 20 percent I won't make a noise..

if u spent $10k and gain $2k, it is 20%.
60% div - 40% capital loss = 20% net profit

 

[Soomp!]

I'm the person who suggested using ai.

if u spent $10k and gain $2k, it is 20%.
60% div - 40% capital loss = 20% net profit

Depends how long I get to get this 2,000 right ?
I on this for say 10 years .....

 

[wutawa]

Depends how long I get to get this 2,000 right ?
I on this for say 10 years .....

it is still 20% profit or 2% pa yield if that is your concern.

 

[CrashWire]

I bought them because I'm not even exposed to investing during my mid twenties ....it believed the myth that my money has to be handled by an expert back then....so I had those in my portfolio which are considered legacy

I think the problem a lot of people don't know is that "experts" are highly overrated.

If they were really that good, they would be borrowing (leverage) and investing using their own money.

These "experts" don't have aligned interests. They earn commission no matter how badly your portfolio does. Their interest is in selling you their products, no matter how bad they are, so that they earn that commission.

 

[hwmook]

I think the problem a lot of people don't know is that "experts" are highly overrated.

If they were really that good, they would be borrowing (leverage) and investing using their own money.

These "experts" don't have aligned interests. They earn commission no matter how badly your portfolio does. Their interest is in selling you their products, no matter how bad they are, so that they earn that commission.

I think a lot of people misunderstood the "experts". They are not financial guru, they are just salesman. You could see them as sales expert but definitely not financial experts.

 

[Soomp!]

To hold these funds

Those expenses ratios will go to these financial "guru" ?

How does it work?
I can't understand

I had that FA from IPP
Ask me to sell funds that she recommend 2 years before and later cited they underperformed and ask me to switch fund .

 

[Hyruga]

Buy bitcoin or Bitcoin etf

 

[hwmook]

To hold these funds

Those expenses ratios will go to these financial "guru" ?

How does it work?
I can't understand

I had that FA from IPP
Ask me to sell funds that she recommend 2 years before and later cited they underperformed and ask me to switch fund .

Yes, when you hold any UT, fund manager will pay trailers fees to the company you hold the funds with. Endowus refund those trailer fees so you can find out how much those institutions that hold these funds earn.