Official Shiny Things thread Episode V, The Empire Strikes Back

[twinbaby]

Biweekly, as in US$800 every 2 weeks?!? You're working too hard.

So what's expected? Yes every 2 weeks

 

[BBCWatcher]

So what's expected? Yes every 2 weeks

It's up to you, but what's wrong with monthly?

 

[twinbaby]

It's up to you, but what's wrong with monthly?

it can mitigate the FOMO feeling when stock price at lower, so that I feel more at ease.
But the downside is I need to pay 2 USD extra a month.

 

[anonyme]

Looking for courage to put in a large-ish sum into VWRA

 

[highsulphur]

Looking for courage to put in a large-ish sum into VWRA

How old are you?

You just need to ask yourself if you think the world equities will generally be higher or lower in 10, 20 years. If the answer is yes, just buy as soon as possible. If it helps psychologically, spread it over 3 or 4 purchases over the next few months

 

[BBCWatcher]

You just need to ask yourself if you think the world equities will generally be higher or lower in 10, 20 years....

Singapore Government Securities are available every trading day on the secondary market in various maturities, and they'll be "higher" (return more Singapore dollars than you put in) over the next 10 or 20 years as long as the government of Singapore exists as a functioning entity. As another example, U.S. Treasuries (including U.S. Treasury Inflation Protected Securities) are available if you prefer a U.S. dollar-oriented outcome (including a real U.S. dollar-oriented outcome with TIPS) and as long as the U.S. federal government exists as a functioning entity.

In other words, the bar for this particular decision is somewhat higher than "higher."

 

[BBCWatcher]

Looking for courage to put in a large-ish sum into VWRA

Out of curiosity, how did you end up with this large-ish sum?

 

[anonyme]

Out of curiosity, how did you end up with this large-ish sum?

Accumulated savings. Never got to investing regularly until recently. Better late than never?

 

[StarSeven]

Accumulated savings. Never got to investing regularly until recently. Better late than never?

Yes, better late than never. Go for one lump sum if you are in for the long term.

I was horsing around with STI ETF and individual reits in 2016 until I stumbled upon Shiny Things' book. Sold everything and put them all in one lump sum into IWDA (the recommended ETF at that time). That was 30 June 2017, where IWDA was $49. It's now $112.50.

 

[anonyme]

Yes, better late than never. Go for one lump sum if you are in for the long term.

I was horsing around with STI ETF and individual reits in 2016 until I stumbled upon Shiny Things' book. Sold everything and put them all in one lump sum into IWDA (the recommended ETF at that time). That was 30 June 2017, where IWDA was $49. It's now $112.50.

Thank you for sharing that!

 

[anonyme]

How old are you?

You just need to ask yourself if you think the world equities will generally be higher or lower in 10, 20 years. If the answer is yes, just buy as soon as possible. If it helps psychologically, spread it over 3 or 4 purchases over the next few months

Thank you. I was thinking more like 8 installments. Too much?

I'm 40. I'm taking the 5-7 year view and I do believe VWRA will go up. Just that the markets seem so jittery, eg deepseek episode. So trying to muster up courage.

 

[highsulphur]

Thank you. I was thinking more like 8 installments. Too much?

I'm 40. I'm taking the 5-7 year view and I do believe VWRA will go up. Just that the markets seem so jittery, eg deepseek episode. So trying to muster up courage.

I think less than 6 would be ideal as you are still collecting salary (and possibly bonus along the way). I can understand psychologically it's difficult to do lump sum. I had the same mental hurdle.

I started aggressively DCA right at the start of covid (I was older than you now) . I was holding on to a large sum of cash before that (almost 4 years equivalent of income) and that's when I told myself that's my last chance to jump into the DCA wagon for global equities (before that I DCA primarily into STI which on hindsight wasn't ideal).

Even with that do or die mindset I struggled with execution. By Jun 2020, I deployed 30% of the cash. By Dec 2020, I deployed 75% of the cash I had in Dec 2019. But once I'm vested, subsequent DCA became easier and easier since the notional amount got smaller and smaller relative to the portfolio. Right now, I have less than 3% of cash

 

[anonyme]

I think less than 6 would be ideal as you are still collecting salary (and possibly bonus along the way). I can understand psychologically it's difficult to do lump sum. I had the same mental hurdle.

I started aggressively DCA right at the start of covid (I was older than you now) . I was holding on to a large sum of cash before that (almost 4 years equivalent of income) and that's when I told myself that's my last chance to jump into the DCA wagon for global equities (before that I DCA primarily into STI which on hindsight wasn't ideal).

Even with that do or die mindset I struggled with execution. By Jun 2020, I deployed 30% of the cash. By Dec 2020, I deployed 75% of the cash I had in Dec 2019. But once I'm vested, subsequent DCA became easier and easier since the notional amount got smaller and smaller relative to the portfolio. Right now, I have less than 3% of cash

Thank you for sharing this! It's really helpful.

Did you go with just one broker for the whole amount or is there any merit in diversifying with brokers? I'm currently with IBKR.

 

[highsulphur]

Thank you for sharing this! It's really helpful.

Did you go with just one broker for the whole amount or is there any merit in diversifying with brokers? I'm currently with IBKR.

I use ibkr for all non sgd investments mainly into iwda, isac and vwra on LSE.

I use fsmone for sgd investment like es3 and MBH

 

[AtheistcumCatholic]

why do you use fsmone on sgd investment instead of ibkr?

 

[highsulphur]

why do you use fsmone on sgd investment instead of ibkr?

Because of their fixed commission at 8.80 (now is 3.80 for etf).

 

[newgrad]

Hi all,

I'm planning to start investing again after a hiatus of a few years and was wondering what the recommended ETFs and brokerages are these days. This time round I'm planning to stick with just 1 overseas ETF.

Previously I invested in IWDA (using SCB) and STI (using MKE) after reading the book by shiny things.

I'm not sure if that strategy is outdated by now because I've read alot of discussion online about investing in VWRA (for exposure to emerging markets) using IBKR instead.

 

[highsulphur]

Hi all,

I'm planning to start investing again after a hiatus of a few years and was wondering what the recommended ETFs and brokerages are these days. This time round I'm planning to stick with just 1 overseas ETF.

Previously I invested in IWDA (using SCB) and STI (using MKE) after reading the book by shiny things.

I'm not sure if that strategy is outdated by now because I've read alot of discussion online about investing in VWRA (for exposure to emerging markets) using IBKR instead.

You can probably just continue by buying isac or vwra via ibkr going forward

 

[Witwit84]

Dear all, pardon me if these have been answered before.

1. I currently have IWDA holdings with SCB, should i move all to IKBR? Or just maintain them separately and invest in ISAC/VWRA in IKBR moving forward?
2. What happens to one's portfolio if they suddenly pass away? Must we set up a will to account for these shares? Shares cannot be in dual name right?

 

[highsulphur]

Dear all, pardon me if these have been answered before.

1. I currently have IWDA holdings with SCB, should i move all to IKBR? Or just maintain them separately and invest in ISAC/VWRA in IKBR moving forward?
2. What happens to one's portfolio if they suddenly pass away? Must we set up a will to account for these shares? Shares cannot be in dual name right?

1. Just leave it in scb and continue your new investment with ibkr

2. Your portfolio (if it's not a joint account) will form part of your estate and be distributed in accordance with your will