*Official* MasterLeong Thread

[lewissac]

i like to think risk assessment as estimated shortfall - how much you are at risk to lose.

additionally, i include the most important factor:

how much are u willing to lose?

Precisely hit to the point!

 

[MasterLeong]

some people are too scared to lose and too greedy to win


they always want to buy at lowest and sell at highest


but the reality is in front of them, its not possible lol

 

[MasterLeong]

i like to think risk assessment as estimated shortfall - how much you are at risk to lose.

additionally, i include the most important factor:

how much are u willing to lose?

yup, very well said~~~~~~~~~~~~~

 

[mcsane]

Boring pangkang riaos.

 

[mazatsushi]

i like to think risk assessment as estimated shortfall - how much you are at risk to lose.

additionally, i include the most important factor:

how much are u willing to lose?

I personally ask myself two questions.

(1) How much you willing to lose to market fluctuations over the short term?
(2) How much you willing to lose to inflation over the long term?

Risk ah risk

 

[MasterLeong]

Boring pangkang riaos.

year end is usually more boring one

the fund managers worked whole year no rest, then December they take 2-4 weeks break to go well deserved holiday with family

 

[MasterLeong]

dec 13-14 is fed meeting right? see how it goes lor


I now 300k stocks, 30k cash... balanced and ready

 

[Dividends Warrior]

Due Diligence in my context is basically how to protect your backside
It's not about whether you got do or not?
It's about whether you got do ENOUGH or not.

Well said.

If you don't risk anything, you risk everything

 

[OngHuatHuat]

There are deposit accounts that give 3.x % or 2.x % but you need to be employed and spend certain amount.

Have been using that since last 2 years. So far so good. Quite an extensive discussion in money mind.

More suitable for regular income earner.

Credit card is used properly, sign up gift alone already exceed few k sgd at least, for all different cards. For my case, I had gotten quite a number of gifts from different companies for the sign up gifts.
Continuous spending earn cash rebate and points too. Most important is to know self control.

 

[madtari]

if you are talking about accounts like OCBC 360, the interest only covers up to 60k. not enough for many ppl here.

There are deposit accounts that give 3.x % or 2.x % but you need to be employed and spend certain amount.

Have been using that since last 2 years. So far so good. Quite an extensive discussion in money mind.

More suitable for regular income earner.

Credit card is used properly, sign up gift alone already exceed few k sgd at least, for all different cards. For my case, I had gotten quite a number of gifts from different companies for the sign up gifts.
Continuous spending earn cash rebate and points too. Most important is to know self control.

 

[lewissac]

There are deposit accounts that give 3.x % or 2.x % but you need to be employed and spend certain amount.

Have been using that since last 2 years. So far so good. Quite an extensive discussion in money mind.

More suitable for regular income earner.

Credit card is used properly, sign up gift alone already exceed few k sgd at least, for all different cards. For my case, I had gotten quite a number of gifts from different companies for the sign up gifts.
Continuous spending earn cash rebate and points too. Most important is to know self control.

I never use OCBC cards. So my best interest rate is 1.75% plus incremental ADB 1%.
Same for BOC. Interest gain is high, but too many resrictions. Plus with the current changes in TnC, I quitted this game liao.

Now only using OCBC360 for salary credit and payment bonus, and it's still way less than what I could earn from dividend payout from stocks. LOL.
Their card spend requirement has too many restrictions. I rather just use a miles card and spend on anything I want.

 

[thenakedshades]

dec 13-14 is fed meeting right? see how it goes lor


I now 300k stocks, 30k cash... balanced and ready

what time will we know the results uh?

 

[MasterLeong]

for parking of spare cash, FD and SSB is decent too, 1-3% returns risk free

if want make higher returns must go for stocks for sure

those who put too much in bank for low returns of 2-3%.. will find that their wealth is growing too low

 

[yihao93]

I personally ask myself two questions.

(1) How much you willing to lose to market fluctuations over the short term?
(2) How much you willing to lose to inflation over the long term?

Risk ah risk

Tackle point 2 buy etf eh es3
Tackle point 1 buy blue cheat

Settled

 

[MasterLeong]

what time will we know the results uh?

thurs morning you wake up read news can liao and see how STI moves

 

[MasterLeong]

there is this saying

if u cannot stand 50% paper losses

dont touch stocks

 

[lewissac]

Tackle point 2 buy etf eh es3
Tackle point 1 buy blue cheat

Settled

Haha, even if you buy ES3, what if the price drop, and you lose capital gain gradually for 5-6 years (lets say from 3.00 down to 2.20) and dividend also reduced (lets say from 4% down to 2% in worst case scenario)?

Would you willing to take the risk (the loss particularly)? That's one part of what risk assessment is.

 

[OngHuatHuat]

Ocbc one not so nice, I used boc smart saver and dbs multiplier.

Boc smart saver was the best but now I shifted to
Dbs multiplier coz they introduced new measures to calculate card spending.

Stock trading income, if you started last year December, you lost quite a far bit, this year market is much better due to improvement in China, oil market and more consistent rate hike schedule from USA. This kind of account mainly used to park funds used for house installment etc.

I never use OCBC cards. So my best interest rate is 1.75% plus incremental ADB 1%.
Same for BOC. Interest gain is high, but too many resrictions. Plus with the current changes in TnC, I quitted this game liao.

Now only using OCBC360 for salary credit and payment bonus, and it's still way less than what I could earn from dividend payout from stocks. LOL.
Their card spend requirement has too many restrictions. I rather just use a miles card and spend on anything I want.

 

[yihao93]

Haha, even if you buy ES3, what if the price drop, and you lose capital gain gradually for 5-6 years (lets say from 3.00 down to 2.20) and dividend also reduced (lets say from 4% down to 2% in worst case scenario)?

Would you willing to take the risk (the loss particularly)? That's one part of what risk assessment is.

Es3 broadly tracks economy health
Inflation relates to economy health
Hence to tackle point 2

Did u read what I quoted ?

Unless u tell me inflation while economy is failing then I think better get out of whole sgx shift overseas Liao

 

[MasterLeong]

STI etf tracks the market that's all

u buy the etf u buy the market, inside is banks reits telcos property dev commodities marine etc

you are hoping that the economy is good and companies continues to generate earnings/dividends for u