*Official* Shiny Things club - Part 2

[fr33d0m]

USD does not respond to equity market. It responds to underlying economy, which is quite different from equity market. e.g. during dot com bubble, the equity market is shxt, the economy in US actually was quite good.

The coming crisis if coming, will be more like dot com bubble, rather than great financial crisis. The US economy will not do badly even if the crisis hits. Can't say the same for equity market.

YMMV.

 

[MrHighlander]

Understand. Having said that, just to flesh this out a bit more, as a *matter of practicality*, if let’s say IWDA dropped another 6 per cent and I don’t have USD to buy and USD/SGD conversion cost has become 1 USD is to 1.55 SGD, the increased conversion cost effectively cancels out the lower price of the IWDA. So, practically speaking, notwithstanding lower IWDA price, my cost to buy in is the same or more. So I am kinda thinking of whether to convert some USD now to lock in that USD cost. I see it as effectively two cost components (given that my income is SGD): 1. IWDA quoted price and 2. USD conversion cost

I don't know. Why would a fall in global stock prices necessarily be correlated with any material movement in the specific USD-SGD currency pair?

....OK, I suppose if lots of global stocks are quoted in U.S. dollars, and if the U.S. dollar rises in value relative to other currencies (including the Singapore dollar), and if there are no other changes, then the quoted prices of all those U.S. dollar quoted stocks should fall. A stock that's quoted at US$10.00 per share should fall to US$9.50 per share if the U.S. dollar suddenly becomes more valuable relative to other currencies, for example. (The exchange rate would have to move more than that for a $0.50 change, since some investors are U.S. dollar oriented. So it's a little more complicated, but only a little.)

....Look, if you're concerned about preserving Singapore dollar denominated wealth, then that's easy: buy high quality Singapore dollar bonds, such as NY07100X which is coming to auction this month (October, 2018). But stocks are not cash nor currency-denominated bonds. They're stocks; they're shares of real businesses doing .

 

[SnakeRabbit]

Just to check, anyone else received free SC priority despite not hitting the amount?

 

[peipei1]

Only my MSFT is keeping moi portfolio up. IWDA barely green since i only started a year ago. This is my next question, those who started many years ago, i think you are still well in the money, how do you resist selling some IWDA during 5-10% drops that happen over a period of days? Isn't better to sell on 2nd day, lock in some profit and use the cash to buy at lower prices? I don't have unlimited resources, need to recycle some to buy the dips.

 

[revhappy]

Only my MSFT is keeping moi portfolio up. IWDA barely green since i only started a year ago. This is my next question, those who started many years ago, i think you are still well in the money, how do you resist selling some IWDA during 5-10% drops that happen over a period of days? Isn't better to sell on 2nd day, lock in some profit and use the cash to buy at lower prices? I don't have unlimited resources, need to recycle some to buy the dips.

How do you know whether the price will go up 5% or down 5%?
The only thing you can control is your asset allocation and hold for a long period of time. My portfolio is also back to square one, the same level as one year ago.

But it is okay, since I am going to be in it for 10 years, it doesn't matter, if it goes down, I can buy more.

Sent from Dont Take Any Of My Statment As Investment Advice. Do Your Own Due Diligence. using GAGT

 

[Calpha K]

Question to those who are buying IWDA these few days.

Are you buying because it is time to buy according to your DCA calendar?

Or is this an additional buy for you because price dipped?

Does it make sense to take my next DCA amount and pump it in here right now instead of waiting for my next DCA which is December?

 

[revhappy]

Question to those who are buying IWDA these few days.

Are you buying because it is time to buy according to your DCA calendar?

Or is this an additional buy for you because price dipped?

Does it make sense to take my next DCA amount and pump it in here right now instead of waiting for my next DCA which is December?

I don't think many people bought. Unless they are afraid of failure and don't want to reveal until the market goes up. So far only Shiny has confirmed that he sold some bonds and he bought.

I am currently back to the same level as I was one year back so it is like just bought everything now. So I don't want to buy now. If it goes below and my allocation goes awry i.e. less than 45% to equities I will consider buying.

Sent from Dont Take Any Of My Statment As Investment Advice. Do Your Own Due Diligence. using GAGT

 

[SnakeRabbit]

Only my MSFT is keeping moi portfolio up. IWDA barely green since i only started a year ago. This is my next question, those who started many years ago, i think you are still well in the money, how do you resist selling some IWDA during 5-10% drops that happen over a period of days? Isn't better to sell on 2nd day, lock in some profit and use the cash to buy at lower prices? I don't have unlimited resources, need to recycle some to buy the dips.

you know whats rebalancing? you dont sell when it drop, you buy in more when it drop.

 

[kingboonz]

Just brought my first securities ever!!!!

1000 shares of IWDA at US$54.19 a piece!!!!

The dip helped a lot with my purchase.

Thank you master Shiny Things.

 

[blue_denim24]

Just brought my first securities ever!!!!

1000 shares of IWDA at US$54.19 a piece!!!!

The dip helped a lot with my purchase.

Thank you master Shiny Things.

it is now trading at 53.98. Just saying

 

[Listopad]

It's also real estate heavy, and that's probably not helpful.

I looked at the components, around 15 % in real estate, while the banks are 40+% . so doesn't seem overly heavy on the real estate.

 

[CupcakedCrusader]

Question to those who are buying IWDA these few days.

Are you buying because it is time to buy according to your DCA calendar?

Or is this an additional buy for you because price dipped?

Does it make sense to take my next DCA amount and pump it in here right now instead of waiting for my next DCA which is December?

I bought into the dip yesterday cause it's my monthly investment time. Just nice that when I had to invest the market dipped

 

[kingboonz]

it is now trading at 53.98. Just saying

I will start meditating and tell myself it is a long term investment

 

[mousepad_88]

anyone has any experience buying IWDA with POEM? Understand that the charge is higher than SCB trading account.

As i work in the banking industry, my bank's policy for staff to trade is that we must only trade through POEM.

If that is the case should i still buy IWDA ?

 

[klarklar]

anyone has any experience buying IWDA with POEM? Understand that the charge is higher than SCB trading account.

As i work in the banking industry, my bank's policy for staff to trade is that we must only trade through POEM.

If that is the case should i still buy IWDA ?

Why only trade through POEM? Why POEM gets this special privilege?

 

[peipei1]

I only bought 20 IWDA yesterday at 54. Convinced myself i saved 4% from 2 weeks ago, in actual it has been 2 months since i buy in, because it keeps going up, learnt my lessons from earlier Jan peak and crash.

The sucky thing is i had to convert some SGD and today i saw MAS strengthen SGD, now USD is slightly cheaper, cost my 3 day lunch! I know it's best not fret over minor details, but its easier said.

 

[hengah_ongah]

Does vhyl counter trade in usd?

Buying in pound but div is in usd.

 

[revhappy]

I only bought 20 IWDA yesterday at 54. Convinced myself i saved 4% from 2 weeks ago, in actual it has been 2 months since i buy in, because it keeps going up, learnt my lessons from earlier Jan peak and crash.

The sucky thing is i had to convert some SGD and today i saw MAS strengthen SGD, now USD is slightly cheaper, cost my 3 day lunch! I know it's best not fret over minor details, but its easier said.

I think your whole perspective is wrong. This requires some psychology training. You don't have to buy at the absolutely lowest price. Also it is okay to have a down portfolio for sometime. What matters is when you actually sell decade or 2 later, this 1,2 or even 10% doesn't matter a lot.

Sent from Dont Take Any Of My Statment As Investment Advice. Do Your Own Due Diligence. using GAGT

 

[Geeezz]

me started today to invest as well thanks to the drop

 

[mousepad_88]

Why only trade through POEM? Why POEM gets this special privilege?

cause of the nature of my job, whatever i trade needs to be tracked by the bank as i have access to info that may not be out in the market. Bank has arrangement with POEM to share all its employee trading account activity on monthly basis.