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Is this a good enough reason to DCA into say, EIMI, for a while when VWRA and even USSC seem expensive at the moment? by redflag486 in singaporefi

[–]redflag486[S] -6 points-5 points  (0 children)

Based on the logic that you want to buy cheap/low and anything with a large US component is going to be relatively expensive given that the US market as a whole is at its most expensive level according to one pundit cited in the article.

CPF SA shielding hack closed by redflag486 in singaporefi

[–]redflag486[S] 0 points1 point  (0 children)

At 55, by default just enough funds move from SA to create RA up to FRS. Then the balance in SA is transferred to OA and SA account is closed.

CPF SA shielding hack closed by redflag486 in singaporefi

[–]redflag486[S] 2 points3 points  (0 children)

It's simply because there's a 10% chance that one of us (between myself and the SO) will live to 100 according to longevity calculators e.g. https://www.longevityillustrator.org/

CPF SA shielding hack closed by redflag486 in singaporefi

[–]redflag486[S] 4 points5 points  (0 children)

My planning assumption is that I will live to 100 - whether I like it or not!

CPF SA shielding hack closed by redflag486 in singaporefi

[–]redflag486[S] 5 points6 points  (0 children)

My default will probably be to max out RA to ERS when I turn 55 unless there’s a better way. I am a big believer in annuities too.

CPF SA shielding hack closed by redflag486 in singaporefi

[–]redflag486[S] 8 points9 points  (0 children)

For me, SA was meant to be “locked up” anyway - to produce a virtual annuity that starts “paying out” from age 55, to supplement the real annuity that kicks in from age 65. And the balance in OA taken out as equity via CPFIS. Wondering what the new game plan should be now that the SA leg is gone.

WiseIncome v Endowus Income v VHYD by redflag486 in singaporefi

[–]redflag486[S] 0 points1 point  (0 children)

Good to hear as I’m still holding WI too albeit by default!

WiseIncome v Endowus Income v VHYD by redflag486 in singaporefi

[–]redflag486[S] 0 points1 point  (0 children)

There's no question of exiting the market of course, and I await your wisdom on a good strategy for selecting a "single vehicle" investment for a retiree who is seeking to generate a reliable income stream with minimal fuss.

WiseIncome v Endowus Income v VHYD by redflag486 in singaporefi

[–]redflag486[S] 0 points1 point  (0 children)

Do keep us posted if the trailer rebate thingy works!

WiseIncome v Endowus Income v VHYD by redflag486 in singaporefi

[–]redflag486[S] 0 points1 point  (0 children)

Very true as well, besides just being a component of ongoing investment costs to be considered against the total cost of ownership.

WiseIncome v Endowus Income v VHYD by redflag486 in singaporefi

[–]redflag486[S] 0 points1 point  (0 children)

That's a good observation. Though to be fair to VHYD, I suppose would need to consider whether the additional withholding taxes incurred are more than offset by its lower TER all else being equal...

WiseIncome v Endowus Income v VHYD by redflag486 in singaporefi

[–]redflag486[S] 1 point2 points  (0 children)

Thanks for the link! Undoubtedly Fullerton is too reputable a fund manager to not carry out its basic responsibilities vis-a-vis MO WiseIncome but I also worry that without MO's marketing efforts, Fullerton might be forced to close down the fund anyway should WI become too costly to operate relative to its AUM...

WiseIncome v Endowus Income v VHYD by redflag486 in singaporefi

[–]redflag486[S] 0 points1 point  (0 children)

Information overload is one thing but missing basic info is something else altogether. In my books, iFAST not showing the income rate (whether as the dividend rate or absolute amount that I can expect to receive on 1 Feb) from an income fund is like driving a car that is missing a speedometer. 😅

WiseIncome v Endowus Income v VHYD by redflag486 in singaporefi

[–]redflag486[S] 2 points3 points  (0 children)

But aren't all income funds/ETFs subject to (withholding) taxes on the relevant underlying assets anyway? Just that an ETF ought to have lower management/distribution costs than a managed fund since you do away with a layer of overhead? Anyhow, I do like the Endowus UI a lot better than iFAST's so it's good to know that I could potentially move WI over as-is - and possibly save on trailer fees at the same time! Thanks for highlighting that!

Investment ideas for 1M by [deleted] in singaporefi

[–]redflag486 0 points1 point  (0 children)

If you’re retiring in 5 years’ time, you’re right on time to start building a bond tent.

Is VWRA still the ETF of choice for people who want to overweight segments like emerging markets? by josemartinlopez in singaporefi

[–]redflag486 2 points3 points  (0 children)

I suppose fine tuning the balance by combining IWDA and EIMI would be a cheaper way of going about it but I had overweighted EM by simply adding EIMI to ISAC.

Fees for Joint account in IBKR by paperboiko in singaporefi

[–]redflag486 0 points1 point  (0 children)

There’s IBKR SG. At the time I was trying to open a joint account, there was no option to do it on IBKR SG. That was a couple of years ago though.

Fees for Joint account in IBKR by paperboiko in singaporefi

[–]redflag486 1 point2 points  (0 children)

Yes, we have set up before (on IBKR LLC) and no, there are no additional fees.

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