Advice on Josh method

[Outward]

Dear All,

A kind forum member PMed me about Josh G (Shiny Things) Ebook. I bought a copy and read through it.

it is pretty interesting and I am planning to start with 1M SGD with the following splits

400K ES3
400K IWDA
200K A35

Would you buy everything at once or split into 4 months (250K each month allocation) or something different?

Thanks much!

Per Josh step no 8, I am planning to hit the pub once I have set this up

 

[Wishdom]

Either way is fine. I will personally do a lump sum.

Sent from Ilovennp using GAGT

 

[Mecisteus]

If your networth is way higher, you can afford to lumpsum.

Otherwise, it's better to split.

 

[Shiny Things]

Dear All,

A kind forum member PMed me about Josh G (Shiny Things) Ebook. I bought a copy and read through it.

it is pretty interesting and I am planning to start with 1M SGD with the following splits

400K ES3
400K IWDA
200K A35

Would you buy everything at once or split into 4 months (250K each month allocation) or something different?

Thanks much!

Per Josh step no 8, I am planning to hit the pub once I have set this up

So, couple of things:
1) $1mio SGD is a decent lump. You'll probably want to split that up, just to reduce the risk of buyers' remorse if you buy your first clip and the market goes down.
2) Rather than A35, a better choice is MBH (which wasn't available when I last updated the book); it's a very similar bond ETF that owns corporate bonds instead of government bonds. Slightly more default risk, but a much better yield.
3) At that size, you can ask your broker about a "cash creation" of MBH shares - basically instead of buying the shares on-market, you hand over cash and the fund manager gives you the shares at NAV. This is a solid way to buy the shares; it'll save you from a lot of angst.

Usually for a clip that size I'd recommend setting up an individual consulting agreement, because larger investors almost always have special requirements; but if you're just planning to do a simple three-fund portfolio, you can just go ahead and execute.

 

[Outward]

Hi Josh,

Thank you for the info. I am going to try this 1mio SGD on my own based on your pdf recommendation and judging from current climates I am going to invest 25K SGD per month till it hits 1mio SGD while hoping to buy in more when there is a real dip in the market.

My other assets are currently being managed by my FA and the stuffs he is buying is totally different from this.

I will take note on the MBH as well.

Btw when you mentioned about "individual consulting arrangment" is that with the broker or FA or something else?

Thanks much!

So, couple of things:
1) $1mio SGD is a decent lump. You'll probably want to split that up, just to reduce the risk of buyers' remorse if you buy your first clip and the market goes down.
2) Rather than A35, a better choice is MBH (which wasn't available when I last updated the book); it's a very similar bond ETF that owns corporate bonds instead of government bonds. Slightly more default risk, but a much better yield.
3) At that size, you can ask your broker about a "cash creation" of MBH shares - basically instead of buying the shares on-market, you hand over cash and the fund manager gives you the shares at NAV. This is a solid way to buy the shares; it'll save you from a lot of angst.

Usually for a clip that size I'd recommend setting up an individual consulting agreement, because larger investors almost always have special requirements; but if you're just planning to do a simple three-fund portfolio, you can just go ahead and execute.

 

[Shiny Things]

Hi Josh,

Thank you for the info. I am going to try this 1mio SGD on my own based on your pdf recommendation and judging from current climates I am going to invest 25K SGD per month till it hits 1mio SGD while hoping to buy in more when there is a real dip in the market.

That’s a lot slower than I’d recommend; at that rate it’s going to take you more than three years to get fully invested. Turn that up to $100k a month once you get comfortable, otherwise you’ll be sitting with a lot of cash in the bank.

The other thing to keep in mind is that you might be overestimating your own ability to buy the dip. Buying the dip isn’t easy; you’ve probably seen all the people running around lately screaming that the sky is falling. That’s a totally natural reaction, but it’s the wrong one; buying the dip requires you to fight your human instincts to hide cash under the bed. It’s better—and by better I mean easier, less stressful—to have a larger, regular investment amount, rather than trying to time the market.

Btw when you mentioned about "individual consulting arrangment" is that with the broker or FA or something else?

Thanks much!

With me. I run a markets consulting business for clients who need individually tailored investment or hedging advice.

 

[Outward]

Hi Josh,

Could you kindly share with me your services please and how is the process going to work?

Sorry I dont think i have enough post counts to send PM yet.