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