*Official* Shiny Things club - Part 2

[LyzeOfKiel]

Just one little caution for those of you who are not U.S. persons (most of you). This particular currency maneuver, if executed to its maximum extent, will likely push you over the U.S. estate tax exemption of US$60,000 all by itself. However, you're certainly not required to care about estate taxability. YOU won't pay the estate tax, because you'll be dead, and dead bodies don't need money. Your estate will owe/pay the estate tax.

I believe your current advise is for people that is reading Shiny Things recommendation to SpeedingBullet about the 3-month USD through JPY that yielding a shade over 3%?

I am following, reading and understanding the conversation too. From time to time when are investing using Interactive Brokers, there will some spare USD sitting around in our account.

Is there a minimum limit on how much USD that is sitting on our Interactive Broker account, then there will be an advantage to do either invest in BIL or the one above Shiny Things have recommend?

I remember reading somewhere in this thread that Interactive Brokers is not the best to buy BIL as the order might not get fulfilled. (Correct me if I am wrong)

 

[goldnut]

Hi guys. Can I understand what is the reason why do you guys don't usually recommend overseas bonds typically?

I see in most portfolio recommendations that bonds should be in SG, but I can't figure out why.

It seems that for one, overseas bonds tend to pay out higher, am I right or am I mistaken?

The only downsides seems to be currency risks.



My second question is whether Singapore Govt are they likely to raise interest rates and follow US?

Tax.

 

[Maeda_Toshiie]

Been a typical Singaporean confine on this small island due to work and family restriction without much knowledge (Of course I would like to travel and see the world if given any opportunity).

I would like to know:

- How is Singapore dollars constructed differently from other currency? Is there some in depth history behind or book that we can read further?

The currencies of most developed nations are free floating (following the end of the Bretton Woods system), ie the exchange rate is determined by market forces. Policy makers can intervene but usually with a relatively light touch.

The SGD is not on a traditional fixed exchange rate but it is comparatively more "managed" than other free floating currencies.

- Does this mean that if one day, the world stop "believing" in MAS. Singapore dollar will have a drop in value?

This "believe in MAS" seem to me that the world is building castle in the air by believing MAS without any foundation.

ALL currencies today are not backed by any gold standard; all currencies in use right now are fiat currencies, ie operating on the trust on the national (or supranational) governmental institutions. The same goes for the USD, Euro, Yen, Yuan, etc, not just the SGD.

 

[revhappy]

I am actually surprised SGD hasn't broken 1.4 level considering how much it is dependent on China.

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

 

[Maeda_Toshiie]

And get MAS certified which means audits and background check but higher levels of trustworthiness.

Still, if you do pass that hurdle, a robo combo of VUSD, IWDA and EIMI would be quite popular here.

How much management fee would you charge though? I assume you're not doing it for free, of course.

I'm a tech guy primarily into algos and numbers, so I can only build the portfolio construction part. Building the rest of the financial transactions system and setting up the custodial arrangements, etc is beyond my expertise.

 

[CWL84]

Maybe you can work with Shiny Things? He has mentioned several times in his posts that he is willing to work with someone to provide a suitable roboadvisor for Singaporean investors. You provide the tech expertise and he provide the financial expertise, then all of us invest, win-win.

 

[iceblendedchoc]

https://www.google.com/amp/s/amp.bu...crisis-downturn-coming-about-two-years-2018-9

Any view on Ray Dalio’s view ?

Do we continue our iwda as businesss as usual and then buy more and heavily once the downturn happens?

 

[proton91]

In you guys experience thus far, how do you all determine the % of monthly savings for investment?

I have just settled down with my wife and doing some financial planning. Wife is aligned with the idea that we should be doing regular, monthly contributions for investments. But I'm trying to determine how much to contribute..

Any tips?

 

[revhappy]

In you guys experience thus far, how do you all determine the % of monthly savings for investment?

I have just settled down with my wife and doing some financial planning. Wife is aligned with the idea that we should be doing regular, monthly contributions for investments. But I'm trying to determine how much to contribute..

Any tips?

It is very subjective. Anything that you don't spend for the month and you can put away.

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

 

[Purplestars]

Hooray IWDA is cheaper today, that's a surprise

 

[revhappy]

Hooray IWDA is cheaper today, that's a surprise

Something to do with the spat between Trump and Saudis.

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

 

[kingboonz]

Tax.

Hi goldnut can elaborate more on the tax side? Ireland domiciled bond etf still 15% DWT right?

 

[goldnut]

Hi goldnut can elaborate more on the tax side? Ireland domiciled bond etf still 15% DWT right?

Personally I don't buy them since you get more with shares. I prefer local bonds since I don't get taxed for them. My opinion.

 

[netsit]

Hooray IWDA is cheaper today, that's a surprise

Yea, just scrapped together $10k and buy in.

 

[kingboonz]

Yea, just scrapped together $10k and buy in.

Ray Dalio says recession in 2 years u ok? He even questions the integrity of the US dollar.

 

[crystalnox]

Ray Dalio says recession in 2 years u ok? He even questions the integrity of the US dollar.

No shortage of famous people claiming the sky is falling every now and then, plus 2 years is a long ways off to skip all that dividend accumulation in the mean time.

 

[Maeda_Toshiie]

Look, Howard Marks and Ray Dalio (among others) think that the US economy is in the mid to late stage in terms of the credit cycle. The 2 years is an estimate. Even so, neither think that it is a great idea to be in all cash right now, because neither believe in making predictions on the stock market and attempting to time it. The safest and most reliable way to invest in a stock market through all cycles is to rely on reliable instruments and stick to a good set of rules.

 

[limster]

Withholding tax on us bonds held by a non US domiciled entity. Already asked n answered so many times. No withholding tax. It shows that the people who answer these questions aren't actually investing in these products.

I prefer to learn from those who are actually investing. Just like I've mentioned before. Do u want to learn how to make money from someone with money or from someone with no money...

 

[revhappy]

No shortage of famous people claiming the sky is falling every now and then, plus 2 years is a long ways off to skip all that dividend accumulation in the mean time.

It is called as X+2 Syndrome. Keep adding 2 years and postpone the recession.

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

 

[Crunchlax]

As quoted from a customer service office:

FXCONV and IDEALPRO have little differences, one of which is that IDEALPRO leaves a virtual FX position on your portfolio, which you can remove on your TWS by setting the value of that FX position to 0.

I asked the CSO because I converted my money using IDEALPRO and it left a virtual FX position which I didn't know how to close. Eventually I closed it via TWS

So, in the end, you can't avoid TWS?

I wonder why IBKR doesn't enable FXCONV in their mobile app.