*Official* Shiny Things club - Part 2

[makav31i]

I have been monitoring the prices of both ES3 and G3B the past couple of weeks and can conclude that the former is much much better at tracking the index. A lot of people have said there's not much difference between the 2 these days but that doesn't seem to be the case, as far as tracking error goes. Huge difference.

Posted from PCWX using Pixel 2 XL

So if you already purchased G3B, you will sell all of it away and buy ES3 and pay additional for fees during selling and buying or would you just keep the G3B and buy only ES3 moving forward?

 

[BBCWatcher]

the bid ask spread for cspx is the widest ive seen. what does it mean ? is the market maker increasing the spread because theres lot of trade activity for this counter ?

It doesn’t really mean anything outside of normal market hours, which this is.

 

[tangent314]

the bid ask spread for cspx is the widest ive seen. what does it mean ? is the market maker increasing the spread because theres lot of trade activity for this counter ?

When was this? Is the exchange even open when you looked at it?

I have 90% invested in stocks, have profits over past years but the sharp drop is quickly eroding all profits, thinking of bailing out to preserve capital, should I? Will stock index drop another 20% in next few months? This will turn my whole portfolio into loses! >10 years of profits all go into drain! Also considering job uncertainty, recession comes & may become jobless.

If you had bought $100k worth of S&P500 in 2008 just before the subprime crisis, it would have dropped to about $50k at the trough. Lots of people panic sold. But if they had continued to hold on, it would have reached $200k in 2018.

So ya, stop panicking.

 

[hwckhs]

I would like a trillion unit of that VWRA

 

[lawd2005]

Any advice?

Hi Folks,

@Shiny - I downloaded your book on my kindle yesterday as last act before the doors closed on my SQ flight (second last act was buying IWDA). Unfortunately, I am only 10% the way through - so apologies if the answer to my question is covered later in the book

Looking for advice on changing bond-equity ratio. Up until a few days ago I was 15% bond, 10% cash and 75% equities. The 10% cash was a December windfall and I was waiting for a market drawdown , I got the 10% cash in to IWDA this week.

I am 32, no debt, well stocked rainy day and adequate health insurance (no kids, yet). I save 40% of my net income per month for investments.

I am considering shifting the 15% MBH bonds in to IWDA - so 100% equities. I have no need for the money in next 5 years.

Simple reason why is that in long term the equities should have a greater return. There is also an urge to get in to the market during the drawdown. Anyone have any arguments against this?

Hi Folks,

I will probably sell off MBH on Monday and buy IWDA. Can anyone talk me out of it?

 

[LoUsyGamER]

I have 90% invested in stocks, have profits over past years but the sharp drop is quickly eroding all profits, thinking of bailing out to preserve capital, should I? Will stock index drop another 20% in next few months? This will turn my whole portfolio into loses! >10 years of profits all go into drain! Also considering job uncertainty, recession comes & may become jobless.

Chill. Investing is a journey to hope to get your pot of gold but also to know yourself. If your risk appetite cannot stomach a drawback of 50%-60% from your current portfolio (temporary or permanently), you might want to review what you own before your fear consume you.

Just 2 cents

 

[huiseh]

So if you already purchased G3B, you will sell all of it away and buy ES3 and pay additional for fees during selling and buying or would you just keep the G3B and buy only ES3 moving forward?

I would still keep G3B, would be locking in losses if I were to sell it with all the bloodshed going on currently. Used to do 500 per month via DBS RSP but I've now reduced it to 100 just to meet the investment category for Multiplier account and will buy ES3 moving forward.

Posted from PCWX using Pixel 2 XL

 

[makav31i]

I would still keep G3B, would be locking in losses if I were to sell it with all the bloodshed going on currently. Used to do 500 per month via DBS RSP but I've now reduced it to 100 just to meet the investment category for Multiplier account and will buy ES3 moving forward.

Posted from PCWX using Pixel 2 XL

That's why I say to keep the G3B and buy ES3 moving forward...Because he thought of selling G3B to buy ES3...

Hello, I am a newbie currently using the POSB Invest Saver to invest 1k a month into G3B and 500 into A35. I plan to do it until July (5 months) because of the cashback promotion https://www.posb.com.sg/personal/promotion/invest-saver then will probably start using FSMOne if it remains the superior option. I also need to figure out how to set things up because this is all very new to me

My question is if (1) I should simply sell/transfer the funds from G3B to ES3 and from A35 to MBH if I make the switch to FSMOne? I see some mixed opinions like selling https://forums.hardwarezone.com.sg/123443222-post7452.html or keeping the money in https://forums.hardwarezone.com.sg/125273848-post3838.html

Or (2) should I directly just start with FSMOne?

Thank you everyone. This thread and everyone here has been extremely helpful.

 

[yellownova]

Hi all, would like some advice on consolidating my accounts.

So it's been quite a few years since I first started investing. My problem is I've got bits and bobs in Vickers, UOBKH, POSB IS, SCB, FSM and IBKR.

(1) Should I just consolidate them into my current services which are FSM and IBKR?

I guess fees is what is stopping me.

It's not difficult to track since I'm just leaving it there for long term but having so many in so many places don't really make sense.

(2) Also if you have transferred before, how do I do this? Do I go to IBKR and request a pull of the equity from SCB, for example?

(3) Should I then close my old accounts like Vickers and KH?

Thanks!

Sent from Samsung SM-G975F using GAGT

 

[makav31i]

Hi all, would like some advice on consolidating my accounts.

So it's been quite a few years since I first started investing. My problem is I've got bits and bobs in Vickers, UOBKH, POSB IS, SCB, FSM and IBKR.

(1) Should I just consolidate them into my current services which are FSM and IBKR?

I guess fees is what is stopping me.

It's not difficult to track since I'm just leaving it there for long term but having so many in so many places don't really make sense.

(2) Also if you have transferred before, how do I do this? Do I go to IBKR and request a pull of the equity from SCB, for example?

(3) Should I then close my old accounts like Vickers and KH?

Thanks!

Sent from Samsung SM-G975F using GAGT

Those listed in SGX, if it is not in CDP, can just transfer it to your CDP...Should be $10.70/counter to transfer to CDP...

The POSB IS also can transfer to CDP so it is not a problem...The only advantage to keep it in the POSB IS is that there is zero fees when you sell from your POSB IS...So if you want to rebalance, can sell your holdings in POSB IS and save on the fees...

Don't need to close the account as they won't charge you for keeping an account with them...

 

[yellownova]

Thanks for the reply. If I see the securities code in my CDP statement does this mean it's already in CDP?

Cause the next page states which brokerage is linked. I assume linking of accounts would have nothing to do with where the securities are, which if is in the statement, would be in CDP - is this right?

Those listed in SGX, if it is not in CDP, can just transfer it to your CDP...Should be $10.70/counter to transfer to CDP...

The POSB IS also can transfer to CDP so it is not a problem...The only advantage to keep it in the POSB IS is that there is zero fees when you sell from your POSB IS...So if you want to rebalance, can sell your holdings in POSB IS and save on the fees...

Don't need to close the account as they won't charge you for keeping an account with them...

Sent from Samsung SM-G975F using GAGT

 

[makav31i]

Thanks for the reply. If I see the securities code in my CDP statement does this mean it's already in CDP?

Cause the next page states which brokerage is linked. I assume linking of accounts would have nothing to do with where the securities are, which if is in the statement, would be in CDP - is this right?



Sent from Samsung SM-G975F using GAGT

It should be...Just to be sure, this is the URL...

https://www1.cdp.sgx.com/sgx-cdp-web/login

Login to CDP and check on your holdings, if it is there...If you don't have any online login, can apply at CDP...

 

[Abjure]

Joshua Giersch kor kor still around?

 

[Cheongster]

Where to invest my SRS monies?

Hello,

I have just contributed to my SRS and would like to invest the money for higher returns as compared to the 0.05% interest.

Currently, my portfolio are as below.
1) CPF OA/SA as my bond component
2) Buying VWRA via SC as my world equity component
3) Buying STI ETF via SC as my local equity component

Should i use my SRS to complement my world equity exposure via Endowus @0.83% fee or should i use my SRS to complement my local equity via OCBC BCIP @0.3% fee?

The fee for buying VWRA via SC is quite high and i was thinking of using Endowus to replace that. Not sure if that is a smart move.

Hopefully someone can enlighten me .

 

[tesarise]

Hi Folks,

I will probably sell off MBH on Monday and buy IWDA. Can anyone talk me out of it?

its your money. do what you want with it. nobody cares

 

[MichealScott]

Thankful that I am not at retirement stage with a heavy stocks portfolio...would be nerve wrecking..good learning point for me when I reach that stage..

Sent from Stamford Bridge using GAGT

 

[Han Shot First]

Yes, you should do that, because the perfect time to short a stock index is after it declines.

The trend is your friend?

Unless you're stating for the record that global stock markets have bottomed.

 

[kram62]

The trend is your friend?

Unless you're stating for the record that global stock markets have bottomed.

No one knows, and BBCWatcher did not imply he knows what's next.

It could go either way. And even if you predict anything that works for next week, there's no way you'll be able to reproduce these predictions consistently over time.

He just pointed out the sillyness of considering leveraged shorting *after* one of the worse week the markets have experienced. If you only start considering leveraged shorting as a *reaction* one week after the main fall, that's an indication you probably shouldn't do it. If on top of that you ask random people on a forum whether it's a good idea, well then that's really a sign you shouldn't do it. (that's my opinion at least, and I think it must not be too far from BBCWatcher's)

 

[tangent314]

Currently, my portfolio are as below.
1) CPF OA/SA as my bond component
2) Buying VWRA via SC as my world equity component
3) Buying STI ETF via SC as my local equity component

Should i use my SRS to complement my world equity exposure via Endowus @0.83% fee or should i use my SRS to complement my local equity via OCBC BCIP @0.3% fee?

The fee for buying VWRA via SC is quite high and i was thinking of using Endowus to replace that. Not sure if that is a smart move.

I would concentrate on using SRS for STI ETF and cash for global equities.
How much are you putting into VWRA regularly?

Thankful that I am not at retirement stage with a heavy stocks portfolio...would be nerve wrecking..good learning point for me when I reach that stage..

Why would you be? You don't have to sell off everything when you retire. You will most likely be doing "DCA, but in reverse", so there's still a lot of time for most of your holdings to recover.

 

[highsulphur]

The trend is your friend?

Unless you're stating for the record that global stock markets have bottomed.

Pls read his subsequent post