Official Shiny Things thread—Part III

[chrisloh65]

I always change my foreign currency in bulk when cheap and then keep it there (don't change back to SGD).

Down side is that USD has gone up again. Do you all time when to change your SGD to USD?

 

[tesarise]

I personally feel that SSB is better than A35 or MBH...With zero penalty for redeeming the bond before maturity, I think it should be part of a person's bond portfolio...If SSB were to fail, I'm pretty sure A35 or MBH would not be spared either...

I respectfully disagree. SSB is a great way to park emergency cash, but I do not think it is well suited as a bond/fixed income component of a portfolio.

In addition to being a ballast, the fixed income component is also there for you to perform rebalancing when the asset allocation gets out of whack. SSB is not able to fulfil this function as you won't be able to rebalance back. SSB with a particular interest is gone for good once you redeem.

 

[BBCWatcher]

I’ve used up 400k. Now my kids can open ? They r below 10 yo.

Not that young. Age 18 is the minimum.

 

[peipei1]

10 year bull cycle is a self fulfilling prophecy. Markets took the opportunity to drop like a rock. Funds managers shorting to flush out weak hands and make a restart? Dca or lump sum at the 10th year of a bull market is not smart move as we can see once again..

 

[moolala]

10 year bull cycle is a self fulfilling prophecy. Markets took the opportunity to drop like a rock. Funds managers shorting to flush out weak hands and make a restart? Dca or lump sum at the 10th year of a bull market is not smart move as we can see once again..

smart move would be to time the market??

 

[Okenba]

I always change my foreign currency in bulk when cheap and then keep it there (don't change back to SGD).

What's a good price to buy USD?

 

[moolala]

What's a good price to buy USD?

my advice is dont be penny wise, pound fool

convert it and buy w/e u need

 

[chrisloh65]

Now at S$1.39 is still Ok, not expensive. Looks like USD going up again?

On the other hand, JPY now at 73.85 to S$1. I would bet that JPY will go down in future.

What's a good price to buy USD?

 

[tesarise]

smart move would be to time the market??

There is no smart move, and that includes not making any moves

 

[flowerpalms]

No. Dont time the market, but time in the market. Price can always dip more and more

smart move would be to time the market??

 

[chrisloh65]

Price dip more and more can buy cheaper at double the amount, provided you have the fire-power. If you already fully invested, you won't have opportunity to buy cheaper in larger amount even if price drop 10% every 6 months?

No. Dont time the market, but time in the market. Price can always dip more and more

 

[Purplestars]

Always ready to party!

Yes the order filled! Just waiting for your congratulations now!

Market timing works! I'm living proof!

Hope those who chose to DCA can maintain their income to continue their DCA. Retailers and tourism sector might be hard hit

 

[ftpofmpo]

Now at S$1.39 is still Ok, not expensive. Looks like USD going up again?

On the other hand, JPY now at 73.85 to S$1. I would bet that JPY will go down in future.

we've had massive losses from holding our deposits in sgd as usd rises!!

big mistake

 

[tesarise]

Yes the order filled! Just waiting for your congratulations now!

Market timing works! I'm living proof!

Hope those who chose to DCA can maintain their income to continue their DCA. Retailers and tourism sector might be hard hit

gxgx. a winner is you

 

[chrisloh65]

I bought significant amount of USD at < S$1.30, so now keeping them as they are and waiting for opportunity.

we've had massive losses from holding our deposits in sgd as usd rises!!

big mistake

 

[Helicopter]

You'll have to show your numbers for that assertion. To give you a head start, the daily closing prices for IWDA for the past 5 years are available here. You can also look up reasonable spot exchange rates at Yahoo! Finance. Pick a particular day of the month -- the 8th, let's suppose -- then pick the closing price on the 8th or on the next trading day every month for 48 months.

Moreover, "anybody starting their entry now...."? You do see the problem with that, right? None of us chose our own birth dates.

And why precisely 4 years over a 30+ year accumulation phase? How about 5? Or 6? Or 7.2 years? You aren't trying to reverse engineer the answer you want, are you?

What are you on about? You need me to do your homework for you?

Prices now are at 2017 levels, so anybody lump summing today as compared to beginning their DCA at 2017 would have won out.

Why precisely 4 years over a 30+ year accumulation phase? Because of the good old adage that a crash comes every 10 years. So you would have been waiting out at 2016/2017 in anticipation of a crash in 2018/2019. This crash came a little late, but you will still be profitable if you had the patience to time the market.

That's what market timing is about. You choose a specific period you think will be better if you have waited...

 

[tesarise]

What are you on about? You need me to do your homework for you?

Prices now are at 2017 levels, so anybody lump summing today as compared to beginning their DCA at 2017 would have won out.

Why precisely 4 years over a 30+ year accumulation phase? Because of the good old adage that a crash comes every 10 years. So you would have been waiting out at 2016/2017 in anticipation of a crash in 2018/2019. This crash came a little late, but you will still be profitable if you had the patience to time the market.

That's what market timing is about. You choose a specific period you think will be better if you have waited...

Bro Purplestars change account not tiring meh

 

[Witwit84]

Bro Purplestars change account not tiring meh

lol he has been waiting ages for this opportunity to say he is right and win liao, just let him.

 

[ftpofmpo]

I think investors have priced in democratic candidate winning in us and a possible capital gains tax rise, or a financial transaction tax

 

[ftpofmpo]

let’s see A brief about how damaging mbh is to a retired couple in a 30/70 portfolio.

Equity -20 percent x0.3 = -6 %
Mbh. +1 percent x0.7 = +0.7%
Net -5.3 percent

Whereas with a35.
Your net is -2.8%

what if we get gfc style 50 percent crash ?

A retired couple facing sequential risk with mbh would be destroyed ! This is morally irresponsible ! I bet you some people are already selling up because your mbh did ****.

A35 isn’t great but is the best we have in sgd. due to longer duration and govt bonds vs mbh. For that reason, people Also need to consider idtl and iglo. They r of greater risk with fx risk hence u keep a smaller percentage. and it works. I have a 25/75 allocation... I can sleep at night. ...I don’t even want to go into sg reits, gold.

isn't gold a good hedge for stagflation?