Official Shiny Things thread—Part III

[NubbyCat]

Hi all, am looking to buy and hold my first ETF. Am deciding between VOO, VUSD, VUSA, CSPX and IWDA. Any suggestions which would be better?

With $10,000, which platform would be the cheapest? I'm currently looking at SCB and Saxo but am not really sure.

 

[flowerpalms]

Which fund you invest in every month is depend on the amount of shortfall from your target % .

It is not fixed

Thank you for your reply ST! My endowment pays out when I am 48 years old, 20 years from now. After which, I got the option to let it accumulate or do withdrawal. But i will be keeping it until I am 60 years old then I do yearly partial withdraw. - I plan to treat my endowment as a bond as it will be lower risk (don’t know if I’m advisable for do so)

My focus now will be exposing myself to equities and my budget per month would be $300/mth. Should I go for full $300/mth in SG equities(ES3)or full $300/mth on us equities(IWda/vt) or alternate every month?

 

[flowerpalms]

Term life if you have dependants.

I uaed to have life plan with Aviva also. Teared it up.
Now i have hospitalisation plan and dii with GE. Some much simple and affordable. But of course still depends on ur own needs

Hi People,

i am currently invested in 20 years limited pay wholelife plan brought 3 years back to cover for death, tpd critical illness and early CI and still left with 17 more years to pay.

The annual premiums worked out to be about $3,200 per year and so far paid about $9,600. i am thinking should i cancel the plan and buy term instead? used the savings to buy more IWDA or just stick to the wholelife plan and channel my other current savings into IWDA.

What do you think?

 

[ranchfarm]

Hi all, am looking to buy and hold my first ETF. Am deciding between VOO, VUSD, VUSA, CSPX and IWDA. Any suggestions which would be better?

Buy the most diversified etf VWRA. Then read Shiny Things's book about what else to buy.

 

[xiaonajia]

Everything contained in VUSD is already inside IWDA (or in VWRA for that matter). All you do when you buy both is the following:

1. You substantially increase your brokerage cost, especially if you buy via Standard Chartered or Saxo.

2. Just about 60% of IWDA's current value (as I write this) consists of the U.S. S&P 500 stocks, already. So all you're doing with VUSD is increasing that 59%-60% to some higher percentage.

If you want your stock holdings to consist of, say, 80% U.S. S&P 500 index stocks (which is actually 505 specific U.S. listed/traded stocks) and 20% stocks listed/traded in other developed economy stock markets, then you can do that, but why -- and is this worth jacking up your brokerage cost? I'd vote no.

Isn't the brokerage cost very cheap <10$?

Sorry for noob question

 

[flowerpalms]

IWDA

How much are you investing per month?

Hi all, am looking to buy and hold my first ETF. Am deciding between VOO, VUSD, VUSA, CSPX and IWDA. Any suggestions which would be better?

With $10,000, which platform would be the cheapest? I'm currently looking at SCB and Saxo but am not really sure.

 

[Aloeus]

With MBKE MIP discontinued, which broker(s) should I use for a collective $1000 monthly investment on ES3, MBH and IWDA?

 

[flowerpalms]

What do you mean by collective?

It should be $1000 per month for either ES3, MBH or IWDA. Not all 3. You only invest in 1 fund every month.

Right so $1000
SCB - ES3 and MBH
IB - IWDA

With MBKE MIP discontinued, which broker(s) should I use for a collective $1000 monthly investment on ES3, MBH and IWDA?

 

[psyfy]

Buy the most diversified etf VWRA. Then read Shiny Things's book about what else to buy.

I second this as well as it gives exposure to Emerging Markets if you want even more diversification than IWDA. I've bought my first tranche of VWRA this month via IB.

Else IWDA+EIMI is another option it you want better control over the split between Dev and EM. If you want to keep it simple then focus just on the developed markets using IWDA alone as per ST's suggestion.

Many facets to the answer and there are others that also prefer just S&P 500 ETF...

 

[cassowary18]

With MBKE MIP discontinued, which broker(s) should I use for a collective $1000 monthly investment on ES3, MBH and IWDA?

The general consensus, for a $1,000 monthly investment, would be to use SCB for local counters and Interactive Brokers for IWDA.

Although I hear that Interactive Brokers is opening up SGX for locals soon. When that happens you can consolidate everything on IB.

 

[hwckhs]

With the Fed rate cut announced yesterday, and interest rate generally trending downwards, will high yield accounts like DBS Multiplier and UOB One continue to exist into the future? It seems like these banks are paying customers to retain them. Is this sustainable?

 

[NubbyCat]

IWDA

How much are you investing per month?

Planning to buy and hold $10000!

 

[makav31i]

The general consensus, for a $1,000 monthly investment, would be to use SCB for local counters and Interactive Brokers for IWDA.

Although I hear that Interactive Brokers is opening up SGX for locals soon. When that happens you can consolidate everything on IB.

That is not general consensus, that is based on outdated information that keep regurgitating here by people who follow the book blindly and not check on any new information...

If you are talking about using IB to purchase IWDA, it makes zero sense to use SCB for SGX since DBS Vickers Cash Upfront charges the same fees as SCB and DBS Cash Upfront keep it in your CDP...

If you are talking about monthly investment for ES3 and MBH, other than you spend more than $8,300/month, FSM RSP is cheaper than SCB or DBS Cash Upfront...

Even with IB 0.08% and minimum $2.50 for SGX, it is higher than FSM 0.08% and minimum $1...You need to invest minimum $2,100/month on ES3 or MBH before it is cheaper than buying it with FSM...

 

[flowerpalms]

No lump sum pls

Planning to buy and hold $10000!

 

[isaacsayshi]

Dii refering to disability plan? Yeah I have dii too with GE.

Feel a little heart pain after putting 3 years premium worth of premium into a whole life plan. Feel like just completing the remaining 17 years payment and just try to invest the rest from my savings.

Term life if you have dependants.

I uaed to have life plan with Aviva also. Teared it up.
Now i have hospitalisation plan and dii with GE. Some much simple and affordable. But of course still depends on ur own needs

 

[flowerpalms]

Yes the dii with GE. As well as the hospitalisation plan B govt hosp with the basic rider.

Cancelled lifeplan with Aviva, also there is no way i can pay the ever increasing premiums to keep the 100% coverage

Dii refering to disability plan? Yeah I have dii too with GE.

Feel a little heart pain after putting 3 years premium worth of premium into a whole life plan. Feel like just completing the remaining 17 years payment and just try to invest the rest from my savings.

 

[buttercream]

How come aviva will increase premiums? Isn’t it a leveled premium?

Yes the dii with GE. As well as the hospitalisation plan B govt hosp with the basic rider.

Cancelled lifeplan with Aviva, also there is no way i can pay the ever increasing premiums to keep the 100% coverage

 

[flowerpalms]

Actually its across the board for the rise in premium for private hosp. For new insurer they did have the rider stuff but existing they let you keep the 100% coverage provided you pay the ever increasing premiums.

So initially i had 2 plans with Aviva. The private hospital hospitalisation and also the life plan. Both i cancelled with Aviva. Then i looked for GE to get the dii and the Standard B ward govt hospital.plan with the basic rider. The premium is so much more cheaper annuallly now.

How come aviva will increase premiums? Isn’t it a leveled premium?

 

[BBCWatcher]

With the Fed rate cut announced yesterday, and interest rate generally trending downwards, will high yield accounts like DBS Multiplier and UOB One continue to exist into the future? It seems like these banks are paying customers to retain them. Is this sustainable?

No, it's not sustainable. If market interest rates are lower at least for several months, banks are highly likely to adjust these interest rates downward.

If you want to lock in an interest rate on a cash deposit, then fixed deposits are available up to 36 month terms at least, and Singapore Savings Bonds run for 10 year terms (but can be redeemed earlier if you wish). I don't recommend you sit on vast piles of cash, but you do have some choices. For the moment.

 

[tesarise]

No lump sum pls

Is 10k lump sum?