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Harvey Tan

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Harvey Tan

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Harvey Tan

  • Answers (76)
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Investments

Interactive Brokers

Harvey Tan
Harvey Tan
Level 6. Master
Answered 2d ago
If I remember correctly, if you transfer over the weekend, your account will only be credited on the following working day which is a Monday in this case.

Stocks Discussion

Investments

Savings

STI ETF

ETF

Harvey Tan
Harvey Tan
Level 6. Master
Answered 3w ago
Considering that your risk appetite is not high, you might want to review your asset allocation. Your current asset allocation, using the information you provided, stands at 70% equity and 30% bonds. You might want to par down your equity allocation to around 50%. On a side note, I am starting a financial blog. Do check it out http://investment-blueprint.com

Investments

ETF

Bonds

Stocks

Harvey Tan
Harvey Tan
Level 6. Master
Answered 3w ago
It depends on what is your objective for your bond allocation. If you are looking for an 'absolute safe' option, one that would act as a strong stabilizer in your portfolio, that going with ABF is a good choice. Singapore Government Bonds are the Fort Knox of bonds in my opinion. But note that the yield will not be fantastic. AGGU is a fine choice as well. It is investing in investment-grade bonds across the world. Approximately 65% of its allocation is in government-related entities and the rest is in the commercial sector. The exposure to the commercial sectors should command a higher risk premium and therefore the potential of higher yield. This should up bump up overall fund's yield. Hope this helps. On a side note, I am starting a financial blog. Do check it out. http://investment-blueprint.com

Investments

Stocks

Harvey Tan
Harvey Tan
Level 6. Master
Updated 4w ago
The Singapore market is way too small for any meaningful return. Of course, by making this statement, we are inherently claiming that the Singapore market will underperform the US or China market. I am assuming that you are Singaporean, and if so, you may want to have some skin in the game. To me personally, I allocate no more than 10% in STI ETF in my portfolio. On a side note, I am starting a financial blog, Do check it out. http://investment-blueprint.com

Stocks Discussion

Investments

Multi Currency Cards

Bank Account

DBS Vickers Securities

SAXO Capital Markets

Harvey Tan
Harvey Tan
Level 6. Master
Answered 4w ago
Interactive Brokers

Investments

ETF

Robo-Advisors

MoneyOwl

SAXO Capital Markets

Stocks Discussion

Harvey Tan
Harvey Tan
Level 6. Master
Answered on 13 Oct 2019
Your allocation or portfolio ratio as you put it would depend on what is your risk tolerance. Small-cap funds, depending on the geographic exposure would have varying volatility. For example, US-focused small-cap funds would be less volatile than EM-focused small-cap funds. But generally, speaking, they are more volatile than large-cap funds. If you are looking for a pure play in the small-cap space, I would recommend that you skip Moneyowl directly and invest into a small-cap ETF. As for the geographical exposure, that would depend on your risk tolerance. If your risk tolerance is high, you may want to invest in EM-focused small-cap funds. Alternatively, you can invest in global small-cap funds. I’m pretty sure there is an Irish-domiciled ETF that cater to this type of exposure. CNDX (Nasdaq 100) and the small-cap ETF would serve as the growth component in your portfolio and IWDA would serve as the main building blocks in your portfolio. I believe a ‘balanced’ portfolio would look like 60/20/20. 60 in IDWA and 20 each in CNDX and the small-cap ETF. Not sure about your bond component but you should factor that in your consideration when constructing your portfolio as well. If I remember correctly, IWDA is almost 60% in the US. So there will be some overlapping between IWDA and CNDX. However, the composition of CNDX is tilted towards the technology sector. I believe currently at around 40% ish. So just take note of this. On a side note, I am starting a financial blog. Do check it out. http://investment-blueprint.com

Stocks Discussion

Investments

ETF

SAXO Capital Markets

Standard Chartered

Interactive Brokers

Harvey Tan
Harvey Tan
Level 6. Master
Answered on 09 Oct 2019
Interactive broker. Cheap, good and reliable. What more can you ask for??!!

Investments

Unit Trust

Harvey Tan
Harvey Tan
Level 6. Master
Answered on 09 Oct 2019
When financial consultants proclaimed that passive index ETFs 100% underperform the market, it always seems to me that they are trying to find an excuse as to why active funds underperformed the benchmarks/markets. Of course, passive underperform because it is not in their nature to outperform the market. The objective of passive investing is for the fund to track the benchmark efficiently. If you are going with the active route, there are cheaper ways to get active exposure. For example, actively managed / smart-beta ETFs. They generally cost cheaper than an actively managed mutual fund. (Note that a unit trust is a form of mutual fund). And as you have pointed out, it is true that most active funds underperform. The probability of a financial consultant picking winning active funds consistently over the long run is very very slim, which is just as good as the probability of active managers picking winning stocks. As retail investors, you are better off with picking passive ETFs to form the bulk of your portfolio if you are not willing to spend a lot of time researching on individual stocks. No harm allocating 5 to 10 per cent of your portfolio to active funds if you are so inclined. Anyway, I am starting a financial blog. Do check it out. https://investment-blueprint.com

Stocks Discussion

Investments

DBS

Regular Shares Savings Plans (RSS)

StashAway

Harvey Tan
Harvey Tan
Level 6. Master
Answered on 05 Oct 2019
If you do not have a lot of financial commitments, 50% - 60% is very much doable assuming that you are keeping a close watch on your expenses. Recommend listing down all your expenses on a spreadsheet if you want to take it to this level. Of course, the above 50%-60% is assuming that you are earning a decent monthly salary. I would say around 2.8k take home for me. Else, at the bare minimum, I would say 20% is alright. If you are interested to minimise your cost and fees, I would recommend DIY investing, i.e. picking your own investment fund rather than going through StashAway. Generally speaking, I would stay away from unit trusts. Some argue that there is no sales charge. But most forget that most UT are actively managed funds and they are more expensive to invest in than passive products. Look into ETFs. Note the same asset securities can be packaged into either UTs or ETFs. It is just a legal structure, each with its own nuances and unique attributes. Last but not least, forget about timing the market. Even the experts have a hard time doing it right. Time in market is more important. Buy and hold your funds for at least 10-20 years. At least for me, I am holding it till retirement and slowly cashing it out. I am starting my own investment blog. Do check it out. http://investment-blueprint.com

Investments

Online Brokerages

Harvey Tan
Harvey Tan
Level 6. Master
Answered on 04 Oct 2019
Cost and availability of options. Go with Interactive Brokers. IB has no custodian charges.
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Level 6. Master
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