*Official* MasterLeong Thread - Part 2

[dolph001]

Not as cheap.
Essentially, both tracks and mirrors the STI.
But G3B has higher expense ratio, hence a lower overall return, compared to ES3.

In the long run, this higher expense ratio can translate to a few percentage points per 15 years or so.

Question! Posb dca of g3b not good idea as compared to buying es3?

 

[NeedHeIp]

Not as cheap.
Essentially, both tracks and mirrors the STI.
But G3B has higher expense ratio, hence a lower overall return, compared to ES3.

In the long run, this higher expense ratio can translate to a few percentage points per 15 years or so.

Agreed but POSB DCA is one of the most convenient medium around.
If using scb etc I think fees higher?

 

[dolph001]

After being frugal for a long period of time, you will slowly not be affected by all those because spending will slowly be a pain.

Frugality is subjective. Take having a place to rest and take shelter from elements for example.

1. Sleeping on cardboard boxes in void decks/canals.
2. Makeshift shelter in forest.
3. Tents in east coast park.
4. Cars e.g. rented cab.
5. 1 room hdb
.
.
.
.
X. Private island.

1 to X achieves the same function, place to rest and provide shelter.
But where the line that separates one's need and want is different from each other.
The best way to look at frugality is to be contented with what we have, and not envy what others have.

Contentment is the wealth of nature.
Luxury once enjoyed, becomes a want.

 

[Growmymoney]

Cheong arhhhhhh

 

[dolph001]

Posb investsaver offers the lowest fees for automated DCA.

If we have the discipline to save up a 5k sum and then invest each time we save that sum, thnm regular brokers' minimum comms would be cheaper.

Note that the cheapest method available here is non-automated and requires discipline to execute the trade.

Agreed but POSB DCA is one of the most convenient medium around.
If using scb etc I think fees higher?

 

[lioninvestorco]

Frugality is subjective. Take having a place to rest and take shelter from elements for example.

1. Sleeping on cardboard boxes in void decks/canals.
2. Makeshift shelter in forest.
3. Tents in east coast park.
4. Cars e.g. rented cab.
5. 1 room hdb
.
.
.
.
X. Private island.

1 to X achieves the same function, place to rest and provide shelter.
But where the line that separates one's need and want is different from each other.
The best way to look at frugality is to be contented with what we have, and not envy what others have.

Contentment is the wealth of nature.
Luxury once enjoyed, becomes a want.

Haha actually private island is not that expensive if you know where to look. Still cheaper than some condos hahahaha.

 

[PoGooo]

Good morning! Just curious...do you guys pump all of your savings into stocks?

 

[jmapsmylife]

OK haha. You more frugal than me. At least I dun feel that I have to limit myself on a per day basis. I usually will allocate $500/mth for food and transport

I tend to think twice whenever i spend >5 dollars on a meal i think it has really become a pain

Sent from Samsung SM-N910G using GAGT

 

[jmapsmylife]

Of cuz we can choose to go the extreme but at least need a basic place for shelter. A place to keep us clean and comfortable. One can always rent away the house and sleep at void deck haha but I'm not gonna do that even if I have my own house.

Frugality is subjective. Take having a place to rest and take shelter from elements for example.

1. Sleeping on cardboard boxes in void decks/canals.
2. Makeshift shelter in forest.
3. Tents in east coast park.
4. Cars e.g. rented cab.
5. 1 room hdb
.
.
.
.
X. Private island.

1 to X achieves the same function, place to rest and provide shelter.
But where the line that separates one's need and want is different from each other.
The best way to look at frugality is to be contented with what we have, and not envy what others have.

Contentment is the wealth of nature.
Luxury once enjoyed, becomes a want.

 

[jmapsmylife]

Ppl categories it differently. For me I have emergency fund and investment fund. No saving haha

Good morning! Just curious...do you guys pump all of your savings into stocks?

 

[lewissac]

Good morning! Just curious...do you guys pump all of your savings into stocks?

You don't pump everything into stocks. There's a saying never put all eggs into one basket.

 

[PoGooo]

Was just wondering because some of you guys sound like you pump all your savings into stocks

What would be the ideal ratio of savings/emergency funds versus stock holdings? 50/50? 70/30? 80/20?

Been thinking of parking some of my savings in SSB for my emergency funds and pump the rest into stocks. Not too sure how wise this is given the current market though.

 

[jmapsmylife]

Ssb is good place to park ur cash if u do not have those high interest account like ocbc 360 or uob one etc.. For me no ratio. I set an amount of emergency fund I need and the rest I will just go into stocks.

Was just wondering because some of you guys sound like you pump all your savings into stocks

What would be the ideal ratio of savings/emergency funds versus stock holdings? 50/50? 70/30? 80/20?

Been thinking of parking some of my savings in SSB for my emergency funds and pump the rest into stocks. Not too sure how wise this is given the current market though.

 

[MasterLeong]

Are you single? Pretty amazed if you are attached and can do this. Though im already impressed on your determination to be self employed full time investor

Now attached
But gf working she feed herself
I feed myself lol

 

[MasterLeong]

Agreed but POSB DCA is one of the most convenient medium around.
If using scb etc I think fees higher?

U can take a look at maybank mip

 

[Average]

i dun have luxury of emergency fund allocation. just make sure i have enuf for normal cash expenses over at least the next 2mths.

i do feel like im playing musical chairs. if stock mkt flash crash, me is gg. dats why im always on a lookout for exit of my positions.

Sent from 金鸡 using GAGT

 

[MasterLeong]

Was just wondering because some of you guys sound like you pump all your savings into stocks

What would be the ideal ratio of savings/emergency funds versus stock holdings? 50/50? 70/30? 80/20?

Been thinking of parking some of my savings in SSB for my emergency funds and pump the rest into stocks. Not too sure how wise this is given the current market though.

Generally a 6 months expenses emergency fund
Balance rest can put into investment fund

 

[jmapsmylife]

2mth expenses should be enough for a student. Not much commitment. Even if it crash you also have 2more mth which u can find part time and do. Just no cash to buy more stock. Most impt student can tell parents no money eat. They sure give food at the min

i dun have luxury of emergency fund allocation. just make sure i have enuf for normal cash expenses over at least the next 2mths.

i do feel like im playing musical chairs. if stock mkt flash crash, me is gg. dats why im always on a lookout for exit of my positions.

Sent from 金鸡 using GAGT

 

[onlybuyneversell]

http://www.xe.com/currencycharts/?from=AUD&to=SGD&view=2Y

i notice AUD is at 2 year high, if crash like that FLT will be affected?

https://sg.finance.yahoo.com/q/bc?s=AUDSGD=X&t=5y&l=on&z=l&q=l&c=

Depends on how long you look. If use 5y historical data, AUD is still cheap.

But if AUD crash, FLT cannot escape.

 

[MasterLeong]

investors have a lot of fear on starhub

when it was $4 SH was yield 5% at 20 cents diviends

the stock price fell 25% to $3 level now, and dividends have fallen 20% to 16 cents

I think the market is about right with starhub and I do not see starhub falling significantly again, unless dividends are cut again

at 16 cents dividends for a 5% payout, starhub could stablize its price at around 3.20 level

I may be wrong