Jonathan Chia Guangrong

IMPossible X Investor. JCG Fund. Case Manager. Treasury X. REIT builder. Closet audiophile. ISFJ

Jonathan Chia Guangrong

Fund Manager at JCG Fund

209Upvotes

About

IMPossible X Investor. JCG Fund. Case Manager. Treasury X. REIT builder. Closet audiophile. ISFJ

Credentials

Fund Manager at JCG Fund

Information Systems and Management at London School of Economics

Jonathan Chia Guangrong

Fund Manager at JCG Fund

209Upvotes
  • Answers (519)
  • Questions (0)
  • Reviews (6)

Investments

Online Brokerages

ETF

Can try standard chartered or interactive brokers

Investments

Won't touch it. The breadth of counters available pale in comparison to maybank ke's soon to be defunct MIP. There are many good counters out there, such as the mapletree reits that are not available under ocbc's plan. Until something similar to ke's MIP surfaces, I may just hold off doing dca into local market stocks and channel the funds to my offshore account instead.

Investments

Stocks

Frankly it may be better if you locate each of the speakers and see if they have any free previews available. Paying this amount may get you some insights but on the follow up? Will they hand hold you through the strategies mentioned? Just something to think about before you commit further.

Stocks Discussion

Investments

REITs

Quite expensive to enter into these reits now, given their high current prices. You may want consider doing manual dca when the spread between current prices and historical nav is at a low point. Frankly I won't consider using share builder due to the high comm and the levied fees for dividends.

Endowment Policies

Investments

Insurance

No it's not necessary.. Definitely not when the funds are locked up for so long period a time.. There are safer and more liquid ways to park your funds. Like Singapore savings bonds, or a bond Etf. These will give you about the same sort of returns as an endowment, plus minus a bit. There are also high interest rate accounts like citibank's maxi gain giving you about 2% or more at the end of one year (based on current rates where the base interest is 80% of one month sibor). If you have a larger risk appetite, a basket of s-reits yield a better return than an endowment. Hope this helps.

Investments

Retirement

Went into some crypto last year and basically wrote off whatever I pumped in. Except for that closed off crypto fund with smrt feedback group and this morphed into their micro business fund. Had some dealing with fx and futures and got burned. On the other hand, am doing well with options on stocks as these trades can be fixed to an extend and not need to cut loss

Brokerages

inves

Stocks

Best to use separate brokers for both markets. The ones that allow you to trade SGX stocks are kinda expensive commission wise for US market. For local, there's not much difference between the brokers so you may wanna see how your broker service you. I'm using Maybank KE for local as my broker is responsive, and I'm also on their monthly investment programme to help build my income floor portfolio. US wise, I'm using TD Ameritrade, mainly for options. Great and robust platform, with none of the misc fees you see on other platforms ahem Interactive Brokers. Charting tool is great, straightforward interface. They have an office here as well, so easy to get hold of them if needed to. Hope this helps.

Investment Courses

For good investing courses, yes. I paid for several investment and non investment ones in the last few years. 1 turned out to be a big dud but the rest are gems that I'm still using now on my journey to fire my boss. What you are paying for is essentially access to the trainer's system, mentoring process, access to community support and maybe access to cheaper commission structure with a broker.

Investments

Stocks

Maybank Kim Eng

Unfortunately there is no viable alternative currently, to me, for MIP. Not with the breadth of counters available and at their commission structure. Only other way I see is to continue funding your prefunded account and buying into the counters manually. I'm personally considering this option once MIP ends, since the prefunded commission rates are cheaper as compared to non prefunded account rates. The shares you purchased through MIP will remain in your prefunded account. There is a promotional rate until end of the year to sell off the odd lot shares at 'normal' online brokerage commission rates. It will be 40 dollars otherwise if you contact your broker to sell off the odd shares.

Insurance

Investments

CPF IS

AXA Life Insurance

Firstly, an agent cannot switch funds on client's behalf without specific instructions to do so. Can recommend a new fund to switch into, but final instructions still need to come from client. The new assigned agent not following up with your mum is frankly nothing new. A lot of agents from what I see do not follow up with orphan clients until very much later. Secondly, there are a lot of charges with regards to unit trusts. I'm of the strong personal opinion that CPF funds should not be used for unit trusts, mainly due to said charges. Not to mention that fees still need to be paid when the fund delivers a negative return (yes you pay for it and not the fund manager). For your mum's case, the fund still generated returns albeit at a lower rate as compared to OA account's guaranteed rates. This is the opportunity cost. Personal opinon, your mum should leave the funds in her OA account unless she knows how to pick stocks / buy into reits on her own.
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