trade wars? new "problem" same solution

tariffs and trade wars

war in ukraine, war in middle east

earthquake here, earthquake there

fire here, fire there

new president, bad president

this problem, that problem

all are the same problem

 

governments have so many problems to deal with

- higher cost of living 

- everyone wants social benefits

- ppl compraining HDBs are unaffordable 

i am a practical person

i fix my problems

higher cost of living? 

just make more money

problem solved

 

all government around the world have the same root problem and almost all have the same solution

 

the root problem is that they printed too much money last time and something is now fuck up

the solution is to print more money to unfuck the current problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

new problem? okay print more money to unfuck the problem

 

the eventual effect is always the same

asset prices will go up

stocks will go up

bitcoin will go up 

you think we're going into a lost decade for the usa and global growth slow downs?

well, that sounds like a big problem, agreed?

guess what the solution is

print more money to unfuck the problem

 

the problems are all the same problem, and the solution is always the same one 

 

look back in a few years and it will be obvious

talking about s&p500 investing... again

https://sgbudgetbabe.com/buying-sp500-on-sgx/

 

not sure why sgbb put out this article

i thought was misinformation and a sponsored post by state street  x sgx lol

 

s27 is shit

what is "no additional tax", while the others are 30/30/15 %?

s27 still has the 30% wht since its dom is usa

whether the tax is already deducted at fund level or witheld by broker is irrelevant

extremely misleading table

 

one point which i think would need an expert opinion on is

since s27 is still us domiciled, isnt it also subjected to us estate tax?

i believe that it is

whether an asset is liabile for estate taxes based on its domicile, not where it can be bought

 

also amundi prime usa is ireland meh?

they are luxembourg, so still 30% wht

 

voo is also not accummulating

us etfs are all distributing 

 

the amount of factually wrong info in this article should be considered criminal

 

cash? synthetic lse listed irish dom etf on ibkr (eg i500, spxs)

no wht, no estate tax, no platform fees 

srs? blackrock ishares usa on endowus

no wht, no estate tax, but have platform fees 

save 0.38% on wht, but pay 0.3% for platform fees, save 0.08% overall

but ut version is accumulating, and ut are also easier to buy and sell 

 

if poems get their hands on blackrock ishares usa, it is absolute gg for endowus

1 part of me thinks that they are bleeding aum like shit due to poems

1 part of me knows that sinkies are lazy af and scared of  poem's "bad user interface" lol

back to topic

spy and voo sg buyers are financially retarded

max wht, estate tax liable

stop listening to american finance influenzas who are playing with different rules

lagi worse if you got that spy or voo reco from a sinkie influenza

whether the investment is held in cdp or with a broker is a weak point

 

strange that her recent article had so much wrong information

the linked youtube video 7 months ago was actually good information but long winded

only missing a part about synthetics that would reduce wht from 15% to 0%

 

but i get it

sinkies damn humji

synthetics = risky, sure die and lose all the money

 

just wanted to point out that even objective info from finfluenzas not always correct

most of you dont need the liquidity

i only know a few instant withdrawals available in sg

maribank invest saveplus: $10,000 

wise interest: $17,000

chocolate finance: $20,000

wise was unlimited, but they restricted the amount lower, which is smart

instant withdrawal feature on money market funds that cost like 0.1% is a feature i would pay for

in reality, most of people dont need instant liquidity on their entire balance

most people dont realize that certain investments or lifestyle choices will turn them extremely illiquid (eg real estate and cars)

i dont know whats the opposite of a sweet spot it, but that would be fixed deposits

mediocre rates for extreme illiquidity

cash - unlimited liquidity, possibly low rates

instant withdrawals - $27k a day, enough for 99.9% of you

money market funds / tbill etfs - takes a couple days, no cap

if you need more than $27k instant liq within the day, the problem is you and your inability to forecast expenses and smartly decide where to park your cash

chocolate finance is probably solvent

still stupid though

i said it before, so no harm saying it again

"this is beyond stupid"

it is a fairly retarded product for consumers, but then again the average consumer is financially retarded

so in all fairness it is a match made in heaven

since my last post, i will correct myself to say that they are not a ponzi scheme

the chocolate finance business model is earning from the kickbacks given by funds that they allocate to

this model only exists in asia where it is legal to bribe unit trust brokers to push products

this is illegal in many countries

as a consumer, its a very convoluted way to eventually just get money market returns

i do not have an account with them and i am avoiding them

the "best" s&p500

spy, voo on ibkr

us estate tax - yes

div wht - 30% 

lionglobal infinity us, amundi prime usa

us estate tax - no

div wht - 30% 

 

 

ishares us index fund on endowus

us estate tax - no

div wht - 0%

platform fees - 0.3% pa

 (approximately replacing div wht with platform fees instead)

 

above this line... at least its not an ilp or some 1.5% pa faggot fund sold by a bank

------------------------------------------------------------------------------------------------------

below this line, good job

 

 

cspx, vuag on ibkr

us estate tax - no

div wht - 15%

 

 

spxs, i500 on ibkr

us estate tax - no

div wht - 0% 

 

 

people say synthetic replication is risky

everything is risky if you are a pussy

rip endowus

endowus main advantage was that they exclusively had amundi prime usa available for cpf-oa

now phillip poems also have, gg

the endowus extra 0.3% pa platform fee is not worth it

once ishares us index fund is also on poems, endowus is dead

their cash mgmt offering is also very weak

they cannot compete when the vehicles are already low fees and without high kickbacks

they now only threaten banks that sell faggot funds with 1.5% annual mgmt fee with 0.75% - 1% kickback and replace the high kickback with a fixed 0.3% pa platform fee

eager to see how they fight back

but most likely, they will just admit defeat 

and focus on a different segmentation instead of saying how they are the cheapest on the market

its cliche

but fees are concrete and certain - we can reduce those for instant and permanent wins

there are no fund managers, that will take your money, that can also outperform consistently

anyone that can, doesnt need to earn your fees

property vs stocks

sinkies

FUCKING

love property

could be an asian thing

could also be because 1/2 people in singapore is a property agent or closely related to one

for many years now

i intuitively know that residential property underperforms stocks while also being a pain in the ass to manage

https://youtu.be/Pv389tqpiWc?si=niNRQN_1DkG1eNDR

this video says a lot of what i want to say 

 

1st point - a lot of cost line items

it is not so simple as [ (sell price) - (buy price) ] / years held

most property investors completely fail to correctly include all costs so their PNL is always inflated

 

2nd point - compare property vs stocks

costs

effort and involvement

liquidity

1 missing line item is "wholeness"

you cannot sell 10% of a property, but you can sell 10% of your stock portfolio

 

3rd point - the "goal" of property vs stocks

(not included in the video, it is my own point)

take a moment to think about

ssd, bsd, absd, annual property tax

you realize, it is not in the governments interest to pump property prices right?

sg is even more special, since gahmen builds and provides housing to 80%

if property prices go up, it is BAD and ppl comprain about affordability 

propety has natural characteristics to be cooled down, for "social good"

property is designed to never chiong much faster than inflation 

compare and constrast to stocks

stock market got cooling measures?

got absd if you buy more stocks? got ssd if you sell within 3 years?

got annual tax on the value of your stocks?

your portfolio value go up too much, ppl will talk about it in parlaiment?

the nature of stocks is that the are designed to go up

up is always good

down is always bad

my opinion is property if you want mental comfort, buy and be happy

but you want to play pretend that property is also a good investment? go ahead lor

you probably also the type that play pretend whole life / ilps are also good products lol

note: mr chua compares his forecast with 2 scenarios

scenario 1 - renting out 1 of the dual key unit

scenario 2 - not renting out the dual key unit

but he is missing scenario 3 - renting out both the dual key units

there is another flaw he makes when comparing property vs stocks

he included interest cost

i would compare a 100% cash finance property to a stock portfolio if i wanted apples to apples

but of course

in sinkieland

who buys properties 100% in cash?

answer is: the ultra rich ppl buying GCBs

ironic cos that many of the richest ppl in the sinkieland do not WANT leverage, when they obviously have access to it

makes you wonder what these rich ppl know that the poor ppl dont 

why they so stupid dont leverage up on such a massive quantum asset?

if you so smart, you live in a GCB right?