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26-06-2014, 08:34 AM
(This post was last modified: 26-06-2014, 08:40 AM by Temperament.)
In "practice", i notice FTs (ang moh) queue at DBS too at MP branch.
And i think i have come across some funds indeed don't invest in Financial companies.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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possibly some of them are native Singaporean.
thou they look like ang-moh, they could have a Chinese name too.
 Love Compassion
Earth day - save the world everyday.
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(26-06-2014, 01:22 AM)yccheok Wrote: In fact, I hold public bank for 8 years. I do few times top-up from time-to-time (no selling). It gave total 200% returns till to-date including dividends. I can say is no brainier gain. As I simply buy and then forget it.
Malaysia dollar is getting weaker over the time. Want to go oversea "chiak huang" also "boh lui".
Looking to diversify some investment in Sing dollar, as I think 10 years later, Sing dollar will grow stronger than it is today.
I do have particular preference on banking stock, that's why I ask for Singapore bank stock.
Let me share with you my investment journey on banks. this is during the pre-GFC days though. I am out of bank shares now as I move on to invest in mid cap stocks.
the longest I ever hold is DBS for 13 yrs and Public bank for about 8 yrs. during those days just like you I was too busy working and parking it on to bank shares seem to be safest. My returns on sgp banks comes out to be about 4-6% pa. Not much to get excited about but safe especially after going through the cycles. I got an ex-colleague who also specialises in bank investment and he has made much more then me as he times( in no hurry to invest mentality) the banking cycles.(hint here)
My biggest regret is to hv sold off public bank which has since gone to double what I sold excluding div. The reason I sold off PBB is that the P/B is almost 4x and by all measure it is over value anything above 3x. I hv not look at their latest results but I suspect it has never go below 3x. Contrast this to Singapore banks which varies from 1-2x. so by this measure PBB is overvalue vs Singapore banks. This does not mean sgp banks are better investment than PBB. You hv to do your due diligence.
Your concern about RM is valid but then again if PBB can give you 200% gain, I think it should be able to more then cover the RM depreciation.
hope this helps.
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"Looking to diversify some investment in Sing dollar, as I think 10 years later, Sing dollar will grow stronger than it is today"
Unquote:-
That's the main reason i find i only just thinking of investing in other markets. Till date 20+ years SGX only. Though i think HK is a better market than SGX hands down. IMO
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 349
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Joined: Sep 2012
Reputation:
7
26-06-2014, 11:35 AM
It's quite amazing to see that there are so much faith in SGD.
The first time, I'm shaken is actually after GE2012 when we booted out our Foreign Minister.
I repeatedly scout for reason why foreigner wanted to come and invest in SGP.
The reasons for them to come to SGP which are the reason most of us take it for granted.
Next year is SG50, upon reflection, I wonder how long can Singapore survived?
What are the *things* that kept Singapore going for another 50 years?
Love Compassion
(26-06-2014, 11:21 AM)Temperament Wrote: "Looking to diversify some investment in Sing dollar, as I think 10 years later, Sing dollar will grow stronger than it is today"
Unquote:-
That's the main reason i find i only just thinking of investing in other markets.
Live with Passion, Lead with Compassion
2013-06-16
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AH........ What are the things indeed? What i think the thing is in summary, "More Singaporeans don't want to rock the boat(aka change our G) + some afraid to do so because Human is always afraid of the "unknown".
Bible had recorded the Isralites had chooen to remain in Egypt as slave
in the beginning when given the choice to escape.
Singaporeans are of course so, so much better than slaves in Egypt at that time. It's not comparable. Anyway, We so far can't see any other party offer us "escape".
(26-06-2014, 11:35 AM)chialc Wrote: It's quite amazing to see that there are so much faith in SGD.
The first time, I'm shaken is actually after GE2012 when we booted out our Foreign Minister.
I repeatedly scout for reason why foreigner wanted to come and invest in SGP.
The reasons for them to come to SGP which are the reason most of us take it for granted.
Next year is SG50, upon reflection, I wonder how long can Singapore survived?
What are the *things* that kept Singapore going for another 50 years?
Love Compassion
(26-06-2014, 11:21 AM)Temperament Wrote: "Looking to diversify some investment in Sing dollar, as I think 10 years later, Sing dollar will grow stronger than it is today"
Unquote:-
That's the main reason i find i only just thinking of investing in other markets.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 349
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7
26-06-2014, 12:16 PM
T,
No choice to escape?
How can it be?
We are highly sought after.
Any where in the world, when they heard about Singaporean, they know that we are highly educated, honest, hardworking and willing to scarifies.
Where got no choice?
Tons of choices/opportunities in London, UAE, Down under, Kiwi, USA,etc.
On one hand, I'm very worried that those anti-G messaging is rocking the boat.
On the other hand, I recognized that our people who voiced out strongly for Singapore, their primary intention is for the good of Singapore then that's should encouraged.
Because, our future belongs to them anyway.
However and whatever they wanted to shape the country, so be it.
Better let them voice their concerns passionately and fly above radar than become a invisible ghost.
I'm always optimistic because I am a Singaporean.
Love Compassion
(26-06-2014, 11:50 AM)Temperament Wrote: Isralites had chooen to remain in Egypt as slave
in the beginning when given the choice to escape.
We so far can't see any other party offer us "escape".
Live with Passion, Lead with Compassion
2013-06-16
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You are right only for the talented group of Singaporeans who are scholars and sought after professionals. Funny, but many Ang Moh FTs flock to Singapore to work leh!
Sorry, "We so far can't see any other party offer us "escape""
Party here i mean local opposition party that can at least win > 1/3 members into parliament.
[/quote]
(26-06-2014, 12:16 PM)chialc Wrote: T,
No choice to escape?
How can it be?
We are highly sought after.
Any where in the world, when they heard about Singaporean, they know that we are highly educated, honest, hardworking and willing to scarifies.
Where got no choice?
Tons of choices/opportunities in London, UAE, Down under, Kiwi, USA,etc.
On one hand, I'm very worried that those anti-G messaging is rocking the boat.
On the other hand, I recognized that our people who voiced out strongly for Singapore, their primary intention is for the good of Singapore then that's should encouraged.
Because, our future belongs to them anyway.
However and whatever they wanted to shape the country, so be it.
Better let them voice their concerns passionately and fly above radar than become a invisible ghost.
I'm always optimistic because I am a Singaporean.
Love Compassion
(26-06-2014, 11:50 AM)Temperament Wrote: Isralites had chooen to remain in Egypt as slave
in the beginning when given the choice to escape.
We so far can't see any other party offer us "escape".
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation:
17
Temperament Wrote: "Looking to diversify some investment in Sing dollar, as I think 10 years later, Sing dollar will grow stronger than it is today"
Unquote:-
That's the main reason i find i only just thinking of investing in other markets.
Real example:-
i was thinking in fact almost in the process of doing it when HK was about $5 to 1$ SGP.
At that time Gold price had "crashed" from its history peak. SGP had 7% GST on gold trading. HK no GST. i though of going to HK to buy one or 2 KG of gold bar and deposited in HK's DBS or HSBC or what. Imagine how much money i saved on GST alone.
Alas, thought only.
i think if i have done it, at today Gold price and HK to SGP exchange rate, i think i will still be in the black.
Actually, i should have done it because the account open at HK should be considered as "off shore" account. Am i correct?
Even if i lose a bit of money in the exchange rate, if it's considered an "offshore" account, it may be worth it for country diversification of asset safety sake. (As if i have a lot of asset).
i have no "offshore" account to date.
Anyone like to share and comment on "offshore account"
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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1
I have a offshore bank account in Malaysia as well as a offshore brokerage account there for the purpose of investing in the Malaysia market. The good thing is the commission charges for are way cheaper if you will to buy Malaysia shares.
For example, the minimum comm for buying shares in Malaysia is 60RM (For POEMS) on top of that, you would need to pay custody charges as the shares is held in nominees account.
http://www.poems.com.sg/globalmarkets/global_my.html
The commission for using Malaysia was just min 12RM and the shares are held in CDS account (CDP account in Singapore). So there are no custody charges on that.
The bad part is, it is very troublesome to open a bank account in Malaysia as they are quite strict for allowing foreigners to open bank account with them.
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