Official Shiny Things thread—Part III

[irockyeaiknow]

Not Maybank, but what's your monthly purchase amount? And are you using your POSB Invest-Saver in order to qualify for any DBS/POSB promotions, such as a higher interest rate on your savings?

I’m currently DCAing 100/m and nope I’m using it standalone, currently still an undergrad so starting small!

 

[BBCWatcher]

At exactly $100/month I think POSB is still the best available choice for G3B. G3B and ES3 are equivalent, so there’s no need to change.

 

[highsulphur]

Say I don't mind buying iwda at 55. How do I go about selling puts on that strike?

 

[viventa]

Say I don't mind buying iwda at 55. How do I go about selling puts on that strike?

That's simple - you don't, because you can't.

 

[xinheli]

Hi, ST and BBC,

I find for the same index "MSCI China NR", we have
MCHI in US
2801 in HK
LG9 in SGX
Almost the same size and same Expense Ratio.

So which one is good?

Also Singaporean need pay 30% tax for MCHI dividend?

Another question is do the daily trading volume really matter for "buy & hold" case? From my understanding, it only affects when I want to sell a big volume of ETF. right?

Thanks.

Also I find the same ETF in HKEX has 3 currency counter.
If I have USD, I want to buy 3169.
Do I need change USD to HKD and buy 3169, or just buy 9169(3169 USD version). But I find the 9169 the liquidity is quite bad compared with 3169.
Also the same question, If I want to buy LG9 ETF in SGX, do I need change to SGD to buy TID(sgd version)...

 

[limster]

Hi, ST and BBC,

I find for the same index "MSCI China NR", we have
MCHI in US
2801 in HK
LG9 in SGX
Almost the same size and same Expense Ratio.

So which one is good?

after reading what Shiny Things has said about China stocks, you are asking him which China ETF to buy?

its like going to Apple forum and asking what Samsung phone to buy

 

[Thoreldan]

after reading what Shiny Things has said about China stocks, you are asking him which China ETF to buy?

its like going to Apple forum and asking what Samsung phone to buy

better than the mad Samsung fan who pops in every now and then and curses at all the Apple products

 

[invisible.hippo]

Hi shiny things,
What to note when using cpf oa to buy shares?

Like the stock you buy is losing the value you need to top up cpf etc?
Or when you hold on to a stock for a year, you need to pay back The sum + interest to cpf etc?

 

[Bobbyss]

deleted///

 

[newjersey]

i agree with BBC watcher.

the fact is just keep your money to buy health insurance, buy the best.

unless you are stupid, don't buy any of the life insurance, etc...

look at how much u need to cover your family and pick up a term insurance.

cheap premium, covers u to 65.

 

[swan02]

I don’t think BBC ever mentioned to buy the best health insurance cuz that would be silly too.

Basic or the next leg B2 class for your aircon is good enough.

i agree with BBC watcher.

the fact is just keep your money to buy health insurance, buy the best.

unless you are stupid, don't buy any of the life insurance, etc...

look at how much u need to cover your family and pick up a term insurance.

cheap premium, covers u to 65.

 

[newjersey]

I don’t think BBC ever mentioned to buy the best health insurance cuz that would be silly too.

Basic or the next leg B2 class for your aircon is good enough.

when u are a vhnwi, get your q number to talk to me.
otherwise, i really don't read rat asses' comments like yours and be bothered by them.

haha

 

[cassowary18]

when u are a vhnwi, get your q number to talk to me.
otherwise, i really don't read rat asses' comments like yours and be bothered by them.

haha

Hey be nice. swan02 is putting their point across nicely.

 

[newjersey]

Hey be nice. swan02 is putting their point across nicely.

my attitude depends on the person's, am merely responding.

to save on medical insurance is the singular stupidest action.

 

[chrisloh65]

Separately to everything else, it's sort of fun to watch Chris's head explode every time I make fun of Chinese equities.

Shiny Things,

So you admitted that you make fun of Chinese equities? So you are admitting that you are lying about all those bad claims you made about Chinese equities?
Yes, I know, because I had exposed your lies about Chinese equities which you claimed not worth investing in!

Regarding your statement which you claimed about China property developers' ponzi scheme:

Hey Chris, what do you think about the mainland property developers and their habit of funding opex from the cashflow from pre-selling properties that they'll eventually have to build and deliver? Is that a sustainable model? Are people just going to keep buying apartments off into infinity?

Let me point out that Singapore property developers have been doing what you mentioned that China property developers had done for the past >50 years! So I suppose this is a sustainable model since Singapore property developers have been doing the same thing for past >50 years and still doing fine?
Given the above fact, so you are also claiming that Singapore property developers (that do what you mentioned about China property developers) are also engaging in ponzi scheme?!

Other than some words of mouth and silly naive observations you made, you have no facts to back up your claim about China property developers engaging in ponzi scheme!
If what they are doing is ponzi scheme, then you are also claiming that Singapore property developers are also engaging in ponzi scheme!
Why you didn't warn people here to avoid buying STI index funds (like ES3) because they are full of Singapore property developers' stocks engaging in ponzi scheme (as you claimed)?!

See, your lies got exposed again!


Shiny Things,
Since you are trying to put up arguments for Why China property developers are engaging in ponzi scheme and Chinese banks are bad (but again just words of mouth of smearing without any facts and evidence to back up), why don't you do yourself a favor and back up all your below claims (that you made in your previous post)?

Given that you are still trying to avoid backing up your previous claims, I suppose we can safely assume that you can't provide facts to backup your previous claims, and that brings into question whether you Shiny Things are purposely spreading lies here and refusing to retract your false claims in your previous post?

Shiny Things,
Why don't you do yourself a favor and backup your below claims here?

Firstly, are you sure you want to do this? When you buy a China ETF instead of a global ETF, you're betting that the Chinese stock market will outperform the MSCI World. For that to happen, one of three things has to happen:

* Chinese banks manage to work themselves out from under their GARGANTUAN pile of bad loans; or,
* Chinese tech companies go from "trading at a titanically expensive multiple of earnings" to "trading at a truly monstrously expensive multiple of earnings"; or,
* Chinese property companies manage to keep the Ponzi going. I have a few acquaintances who look at this stuff and none of them can figure out how the Chinese property sector hasn't imploded yet.

................
"China is going to emerge!" has been trapping people in an underperforming market for decades.

Could you please provide facts to back up your claims that:

(1) You claimed that Chinese banks have GARGANTUAN pile of bad loans!
Where is the evidence? Please point to the Chinese bank financial statements, etc. ICBC, and show us where is the GARGANTUAN pile of bad loans?

(2) You claimed that Chinese tech companies are "trading at a titanically expensive multiple of earnings" that should be avoided!
But yet why you didn't warn all of us here that many of the USA tech companies are now "trading at a monstrously expensive multiple of earnings" (worst than those titanically expensive Chinese tech stocks) when you advocated others here to continue to buy IWDA, consisting of >65% US stocks (including those "mostrously expensive" US tech stocks)?

(3) You claimed that Chinese property companies are having Ponzi scheme!
What ponzi scheme and where are the facts and evidence?

(4) You claimed that "China is going to emerge!" has been trapping people in an underperforming market for decades!
Please back up your claim.
From what I can see, comparing VWRD etf (that you recommended) and 2822.HK China etf since 2012 (near their inception), 2822.HK has beaten VWRD handily since 2012! Wow! so much for underperforming market but beating VWRD (that you recommended) handily hands down!

And strangely, why you don't want to tell us that USD and US T-bills is the biggest ponzi scheme of all time in history?!
US Gov clearly has no ability to pay off all the T-bills without printing more USD like toilet papers!

And another ponzi scheme is to "DCA blindly into index ETFs regardless of market conditions" so that the earlier adopters will retire early very rich by persuading the latter comers to keep pushing up the price, very much like those MLM scheme!

Now, if you can't provide facts to backup your above claims, that brings into question whether you Shiny Things are purposely spreading lies here or you are really so ignorant and making those false claims in your post?

 

[swan02]

Then please share your reasoning. We would love to scrutinize your strong belief system that overtly holds dear to you but certainly not to many of us.

“To save on medical insurance....stupidest action”

Base on that notion, I conclude you are also implying BBC is stupid to suggest prudence on med insurance for the avg joe ?

to me..you are merely jumping from one wok to another.. now that is the singular stupidest thing to do.

Any savings should instead be directed to investment. That’s the integral message I get from BBC or Shiny. Correct me if I’m wrong anyone.

my attitude depends on the person's, am merely responding.

to save on medical insurance is the singular stupidest action.

 

[viventa]

Then please share your reasoning. We would love to scrutinize your strong belief system that overtly holds dear to you but certainly not to many of us.

“To save on medical insurance....stupidest action”

Base on that notion, I conclude you are also implying BBC is stupid to suggest prudence on med insurance for the avg joe ?

to me..you are merely jumping from one wok to another.. now that is the singular stupidest thing to do.

Any savings should instead be directed to investment. That’s the integral message I get from BBC or Shiny. Correct me if I’m wrong anyone.

Don't bother with him. He's just a keyboard warrior with an inflated sense of self-worth, and his posts clearly indicate that he severely overestimates his financial literacy. Not worth your time, my friend.

 

[Shiny Things]

Hi, ST and BBC,

I find for the same index "MSCI China NR", we have
MCHI in US
2801 in HK
LG9 in SGX
Almost the same size and same Expense Ratio.

So which one is good?

2801 HK has a much lower expense ratio than the other two (about 0.2% vs 0.6%), and it seems liquid enough unless you’re planning to trade seven-figure lumps. Pick that one.

Also Singaporean need pay 30% tax for MCHI dividend?

It’s never really clear, TBH. I think it’s better for non-US investors to buy non-US listings and just not worry about it.

Another question is do the daily trading volume really matter for "buy & hold" case? From my understanding, it only affects when I want to sell a big volume of ETF. right?
Thanks.

Yeah, the daily trading volume doesn’t matter—what matters, though it’s harder to find, is how liquid the market is: how much you can buy or sell, and how tight or wide the spread is.

my attitude depends on the person's, am merely responding.

to save on medical insurance is the singular stupidest action.

Ah, NJ—you’re getting a little fighty. I understand you’re trying to get your point across, but a) you’re being a bit too forceful; and b) Swan02 and BBCW actually have very good points. It’s entirely possible to over-insure yourself, and overpaying for medical insurance because you’re scared is an easy way to accidentally over-insure and cost yourself money.

hi ST,

what networth and above to consult u,
TQ

I usually find that clients who get the most benefit from my consulting have a net worth in the high six figures or above. (There’s no upper limit.) And I work with corporates, endowments, and investment funds as well.

hi ST,

with IB having an SG office, will I still qualify for the [SIPC] insurance?

This is something we don’t know yet. (That said, I don’t really think it matters. If the tradeoff is much cheaper trading of Singaporean stocks, then that would make IB clearly the best choice. Again, though—we’ll have to see what they do with their Singaporean entity first.)

 

[moolala]

hi ST, do you have any books to recommend for newbie day traders?

I am interested in reading more about options (not to trade but more of a market info/signal about the stock, offset risk and earn consistent profits thru delta hedge) but dont know where to start as its quite complicated and i didn't study finance in school

the concept is simple but the factors and greek symbols are complicated. Investopedia give a scatter shot approach but i would hope there's an author out there that can explain this simply

im doing day trade as my part time job and it has changed my financial life instead of being a $1k/month salary worker (just kidding)

 

[Shiny Things]

hi ST, do you have any books to recommend for newbie day traders?

I am interested in reading more about options (not to trade but more of a market info/signal about the stock, offset risk and earn consistent profits thru delta hedge) but dont know where to start as its quite complicated and i didn't study finance in school

I’ll be honest, I appreciate your enthusiasm but I wouldn’t start with options. Running a volatility book—which it sounds like is where you’re going—is like jumping in the deep end of the pool and expecting to swim. (When I did this professionally I wasn’t allowed anywhere near a trading book for about the first year-and-a-half.) If you want to get into day-trading, I’d start with equity futures or single-stocks.

Once you’ve got a handle on the basics of trading, when you’re ready to take a step up into options-land, the default book to start with is Options, Futures, and Other Derivatives by John Hull (aka “the Hull book” or just “Hull”). It’s pretty expensive, but some careful googling might turn up a PDF version. taps nose