Official Shiny Things thread—Part III

[cassowary18]

You need to pay $10.70 per counter to transfer from FSM to CDP...The amount is not charged by FSM...

Seems like it's waived for the time being. Anyone can confirm?
https://secure.fundsupermart.com/fsm/advice-services/faq/2195/?rank=4

 

[makav31i]

Not according to FSMOne's posted information. They indicate that CDP's S$10.70 transfer fee is waived indefinitely.

Seems like it's waived for the time being. Anyone can confirm?
https://secure.fundsupermart.com/fsm/advice-services/faq/2195/?rank=4

Thanks for the update, didn't know that they waived the $10.70 fees...This mean that FSM is even lower than DBS Vickers Cash Upfront Account for buying SGX-listed stocks to go straight to CDP...

Will try transferring to CDP, if all goes well, I will be transferring it monthly to my CDP account...

 

[Torenoo]

noob question - isnt today labour day ? Uk Ftse still running? and IWDA also moving?

thanks

 

[BBCWatcher]

noob question - isnt today labour day ? Uk Ftse still running? and IWDA also moving?

Friday, May 1, 2020, is an ordinary business day in England. The London Stock Exchange is open today. U.S. markets will also open today (May 1, 2020).

The LSE will be closed on Friday, May 8, 2020, since that is a bank holiday in England.

Interactive Brokers (for example) might not process Singapore dollar FAST deposits today since it's a national holiday in Singapore.

 

[cassowary18]

Thanks for the update, didn't know that they waived the $10.70 fees...This mean that FSM is even lower than DBS Vickers Cash Upfront Account for buying SGX-listed stocks to go straight to CDP...

Will try transferring to CDP, if all goes well, I will be transferring it monthly to my CDP account...

It's not immediate; you'll have to wait a few weeks. Not a big issue if you're buying and holding though.

 

[loackerc]

Anyone uses the snapshot function? it doesn't seem to work properly

 

[limster]

Anyone uses the snapshot function? it doesn't seem to work properly

since we are getting free live data for IWDA, why do we need snapshot?

 

[loackerc]

since we are getting free live data for IWDA, why do we need snapshot?

Oh thanks! I just realised it's free but I have to manually subscribe to it (checkbox wasn't ticked by default). It seems that it's only free until Sept2020?

 

[3sniper]

If your total account value at Interactive Brokers is under US$100,000 then they'll charge either actual commissions or US$10 per month, whichever is higher. At a total account value of US$100,000 the US$10 minimum goes away.

I agree with others that if you're asking about punting on oil futures the US$10 minimum commission shouldn't be an impediment, and IB's low cost currency conversions, market data feeds, and trading commissions will predominate. In particular, it's hard for me to imagine you have any good (or even mediocre) reason to be punting on oil futures if US$100K is too big an account value figure to contemplate.

But what if I intend to buy OTM contracts like CLZ2 suggested by Shiny, pay full contract value and hold till near expiry or exit at my TP target which may be > a year? Would'nt IB be more expensive becoz of the inactivity fee compared to other brokers (if any)?. Unless all my paid up contracts value =>USD100k am I correct?

 

[malthead]

if i were to buy around 110,000 usd worth of shares on IWDA, which commission structure is better?

 

[peripheral]

Oh thanks! I just realised it's free but I have to manually subscribe to it (checkbox wasn't ticked by default). It seems that it's only free until Sept2020?

since we are getting free live data for IWDA, why do we need snapshot?

Where does one get the free live data?

 

[kram62]

Where does one get the free live data?

In the market data subscription in the account management. LSE data bundle fees are waived until September 2020.

 

[Shiny Things]

Don't respond to swan02. He only wants to start fights—he explicitly said that!— and he doesn't post in any other threads, just this one. If you all block him, and/or report him when he tries to be fighty, he'll give up and go away eventually.

Noted. Which broker(s) cost wise would you recommend for the foreign stocks like LSE ETFs and for WTI or Brent futures? I understand IB has monthly inactivity fee so its not suitable for buy and hold, and what about platform fees? Besides SCB, TDAm, Saxo, any others?

I mean, if you're absolutely insistent on doing both (and to reiterate, I don't think the oil trade is a particularly good idea), IBKR is your best option. None of the other brokers you listed will work: Stanchart and TDA don't offer UK-listed stocks, Saxo does but charges a custody fee... just pay the ten bucks a month. Or skip the WTI trade, and save yourself some money.

if i were to buy around 110,000 usd worth of shares on IWDA, which commission structure is better?

I answered this over in the IBKR thread as well, but they'd end up the same: about 5bps ($55 USD) for a lump that size.

 

[swan02]

Guys. Shiny Ignorantly misleads you with MBH. I seek the evidence, he doesn’t !.

He has shot him self in the foot by proving to us all that investment grade corporate bond Indeed DOES NOT provide statistically Significant returns over safe haven bonds in a portfolio with equity and rebalanced.

Remember the approx ONE percent pa over long term Return advantage he so Outlandishly preached About Mbh has over A35? You now know it’s bull because it’s statistically insignificant.

Also MBH has proven to be a terrible ballast to A35. Just look at any rout especially the recent. This is the biggest gripe I have with MBH. Modern portfolio theory supports a negative or close negative correlated diversifier. A35 is a much superior diversifier to MBH.

There is NO RESEARCH backing Shiny claim.

There are two research articles that counters his claim and there is a third one with time period 10 and 20 years that shows you the risk adjusted returns and absolute returns when different types of bonds are used and strategy rebalanced is used.

This third article also shows that equity with sovereign Emerging market bonds was the best in terms of risk adjusted returns in a rebalanced portfolio.

It also shows the optimal asset allocation to bring up the best equal risk adjusted returns with different types of bonds even when rebalancing applied. That’s why you can’t apply 110-age.

Equity with MBH only works better than A35 when you DO NOT rebalance and DO NOT apply 110-age method.

Will you still choose a poorer diversifier MBH yet not producing statistically better returns over A35 in a portfolio rebalanced ?

I do not need people to reply me. And I only fight with those who preach lies and zero evidence assertion. Money is close to health. Don’t take it too lightly when fixed income becomes a huge pile of money.

Don't respond to swan02. He only wants to start fights—he explicitly said that!— .

 

[chrisloh65]

Think you said it well indeed!

The situation we have here is where some people here are acting like they are investment experts (when they are not) and telling us off when we mentioned our approach and citing our experience that our approach could make significantly much higher returns than those people's approach and yet with still minimal risk!

Those people are just full of hot airs and can't accept that there are alternatives that is better than what they advocate, that is all!

Guys. Shiny Ignorantly misleads you with MBH. I seek the evidence, he doesn’t !.

He has shot him self in the foot by proving to us all that investment grade corporate bond Indeed DOES NOT provide statistically Significant returns over safe haven bonds in a portfolio with equity and rebalanced.

Remember the approx ONE percent pa over long term Return advantage he so Outlandishly preached About Mbh has over A35? You now know it’s bull because it’s statistically insignificant.

Also MBH has proven to be a terrible ballast to A35. Just look at any rout especially the recent. This is the biggest gripe I have with MBH. Modern portfolio theory supports a negative or close negative correlated diversifier. A35 is a much superior diversifier to MBH.

There is NO RESEARCH backing Shiny claim.

There are two research articles that counters his claim and there is a third one with time period 10 and 20 years that shows you the risk adjusted returns and absolute returns when different types of bonds are used and strategy rebalanced is used.

This third article also shows that equity with sovereign Emerging market bonds was the best in terms of risk adjusted returns in a rebalanced portfolio.

It also shows the optimal asset allocation to bring up the best equal risk adjusted returns with different types of bonds even when rebalancing applied. That’s why you can’t apply 110-age.

Equity with MBH only works better than A35 when you DO NOT rebalance and DO NOT apply 110-age method.

Will you still choose a poorer diversifier MBH yet not producing statistically better returns over A35 in a portfolio rebalanced ?

I do not need people to reply me. And I only fight with those who preach lies and zero evidence assertion. Money is close to health. Don’t take it too lightly when fixed income becomes a huge pile of money.

 

[w1rbelw1nd]

Well I dont think anyone for sure knows if MBH will do better than A35.

Readers need to remind themselves that the Singapore equity and bond markets are very very very small - whatever that work in US and other overseas market may not work well here.

Copy and pasting Jack Bogle 3 fund portfolio which is for US based investor is less likely to work. There are also many many nuances with regards to incorporating CPF into your retirement planning that I think is not sufficiently addressed here.

Anyway, where is the evidence you speak of?

Guys. Shiny Ignorantly misleads you with MBH. I seek the evidence, he doesn’t !.

He has shot him self in the foot by proving to us all that investment grade corporate bond Indeed DOES NOT provide statistically Significant returns over safe haven bonds in a portfolio with equity and rebalanced.

Remember the approx ONE percent pa over long term Return advantage he so Outlandishly preached About Mbh has over A35? You now know it’s bull because it’s statistically insignificant.

Also MBH has proven to be a terrible ballast to A35. Just look at any rout especially the recent. This is the biggest gripe I have with MBH. Modern portfolio theory supports a negative or close negative correlated diversifier. A35 is a much superior diversifier to MBH.

There is NO RESEARCH backing Shiny claim.

There are two research articles that counters his claim and there is a third one with time period 10 and 20 years that shows you the risk adjusted returns and absolute returns when different types of bonds are used and strategy rebalanced is used.

This third article also shows that equity with sovereign Emerging market bonds was the best in terms of risk adjusted returns in a rebalanced portfolio.

It also shows the optimal asset allocation to bring up the best equal risk adjusted returns with different types of bonds even when rebalancing applied. That’s why you can’t apply 110-age.

Equity with MBH only works better than A35 when you DO NOT rebalance and DO NOT apply 110-age method.

Will you still choose a poorer diversifier MBH yet not producing statistically better returns over A35 in a portfolio rebalanced ?

I do not need people to reply me. And I only fight with those who preach lies and zero evidence assertion. Money is close to health. Don’t take it too lightly when fixed income becomes a huge pile of money.

 

[newjersey]

Don't respond to swan02. He only wants to start fights—he explicitly said that!— and he doesn't post in any other threads, just this one. If you all block him, and/or report him when he tries to be fighty, he'll give up and go away eventually.



I mean, if you're absolutely insistent on doing both (and to reiterate, I don't think the oil trade is a particularly good idea), IBKR is your best option. None of the other brokers you listed will work: Stanchart and TDA don't offer UK-listed stocks, Saxo does but charges a custody fee... just pay the ten bucks a month. Or skip the WTI trade, and save yourself some money.



I answered this over in the IBKR thread as well, but they'd end up the same: about 5bps ($55 USD) for a lump that size.

just ignore him.

easier to just criticise than to do what you did, which is alot.

 

[cassowary18]

Look, if you think A35 is a better ballast, then so be it. You don't have to 100% follow what Shiny Things says you know.

I'm planning to diversify my bond portfolio, 80% MBH 20% A35.

 

[psyfy]

Agree, MBH is my bond product and then VWRA and SPDR STI ETF are the 2 equities making up my 3 bond portfolio. A35 won't be able to match the returns on MBH and it shouldn't anyway. As far as IG bonds go MBH is as good as one can get with loads on govt or quasi govt organisations in there.

Beginning to be annoyed by all these trolls in here who's achieved nothing at all other than making a fool of themselves.

Where's the moderator when you need them?

 

[hellvolhardzelinsky]

1) I'd pull your money from Stashaway. It's not that they're bad, it's just not a particularly relevant investment for Singaporean investors.

2) You can do really well by just DCA-ing into the STI ETF and MBH (corp bond ETF) through FSMOne, and buying some IWDA as well to give yourself some exposure to global markets.

Thanks for the info! Currently I'm still in stashaway because I'm not sure where to get into funds like IWDA. I've heard a lot about the US domiciled tax stuff and also read fire path lion. Can you share about where I can get into IWDA? Thanks!