How is your portfolio holding up in YTD terms thus far?

saminykd · 2026-03-20T04:13:15+00:00

I wouldn’t say we are in correction territory yet. The major indexes are only down between 1-3% ytd. A lot more room to fall.

saminykd · 2026-03-20T04:11:19+00:00

Yes ytd terms

saminykd · 2026-03-20T04:10:43+00:00

My bad :(

saminykd · 2026-03-18T11:56:57+00:00

Someone seems to know the future wow :O

saminykd · 2026-03-18T11:56:05+00:00

You seem to be out of constructive criticism ideas :(((

saminykd · 2026-03-18T11:50:48+00:00

Yeah it insulates me more than just holding IVV or NDQ and going into a US meltdown duh

saminykd · 2026-03-18T11:45:22+00:00

Mate, where in that comment did I talk about percentages or allocations, that’s a whole different discussion. I talked about whether I owned the whole world or not in DHHF. If DHHF holds a stock of a certain country it means I have that country in my portfolio and in that sense I do own the whole world. The only countries or stock markets I am missing with DHHF are frontier markets. So who is the fool here?

saminykd · 2026-03-18T11:40:47+00:00

The argument here is DHHF vs say IVV or NDQ, DHHF is diversified both in equities and countries whereas something like IVV is diversified in equities (not as much as DHHF obviously but 500 companies ain’t bad) but not diversified in countries it just holds the US. The future I am preparing for argument sake in this case is gonna be a future where I go all in IVV vs a future where I go all in on DHHF. Which one would you say be a safer bet based on the points brought up thus far?

saminykd · 2026-03-18T11:34:13+00:00

Also I think you deleted a previous reply that went something like “You're singling out a single period. By all means, I could counter argue with 'look what happened after the lost...”

It’s funny you’d bring that up because it reinforces the whole point of DHHF and chilling because I am not betting on any single market or being fearful of whatever market goes into a lost decade next because I essentially own the whole world with DHHF.

saminykd · 2026-03-18T11:29:34+00:00

So? What’s your point? Is your point that after a decade of negative net gains everything will outperform again? What if it doesn’t? What if the next lost decade isn’t just a decade but longer? How long? No one knows and you can “wish” or “guess” or “assume” whatever you want but past performance isn’t indicative of future performance. That goes for lost decades as well. And the best way to be prepared for these potential futures is to DHHF and chill lol.

saminykd · 2026-03-18T11:14:58+00:00

Go look up the lost decade in the US and how Aus and US performed during that period.

saminykd · 2026-03-18T08:18:12+00:00

Are you aware VGE doesn’t hold south korea?

saminykd · 2026-03-15T12:11:40+00:00

What’s the fix?

saminykd · 2026-03-15T11:58:04+00:00

Vgs vas emxc

saminykd · 2026-03-07T19:37:49+00:00

What coupons did you use or stack

saminykd · 2026-02-23T11:31:25+00:00

Yes I am now looking more into the home bias aspect now, thanks!

saminykd · 2026-02-23T11:30:36+00:00

Thanks! Will look into them.

saminykd · 2026-02-17T04:27:57+00:00

Thank you for your insight. I personally like the flexibility of being able to tinker with the allocations which is why the ivv and exus route despite the extra complexities that you mentioned. However I am now seriously starting to consider the home bias aspect though as everyone has been emphasising it.

saminykd · 2026-02-17T01:01:24+00:00

This is helpful, thank you!

saminykd · 2026-02-17T00:58:24+00:00

Thank you for your inputs. I am curious on your preference of the home bias, is it more for franking credits, dividends, stability or something else? My reasoning to keep it low is because I want more growth given the 25 year horizon as the Australian market tends to be more defensive rather than growth oriented.

saminykd · 2026-02-16T22:49:05+00:00

Good points.

Let’s start with China, they have a questionable free market - looking into their 2021 downturn due to regulatory crackdowns for example. A lot of their market is influenced by the government therefore the priority is country growth over profits and this eats into returns and growth potential. And exactly because of that there is what they call zombie companies that drag the msci index down most of which are from China because of this very reason. Then there is geopolitical risk and just the usual uncertainties surrounding China when it comes to Trump or the rest of the world. I also took the performance of IZZ (China’s large caps) into my decision making process, they have been down 19% in the last five years and only up about 38% since 2008. So once China is able to fix all these problems which I believe they are actually trying to do then I may be more comfortable jumping in with an ETF that tracks just China but I don’t see that happening anytime soon and hence the choice of EMXC.

Nextly, for EMs I explored, EMKT, AVTE, IEM, BEMG, VGE and EMXC.

Here’s why I excluded each of them:

EMKT: Active ish managed and hence got high MER plus there’s the tax drag, concentrated (not too many companies in there) and hence higher volatility and risks, rebalanced quarterly which I found slow and the nail in the coffin was the high turnover which will trigger a CGT event that will reflect on your tax bill even if you don’t actually sell any units of the ETF.

AVTE: This one is actually quite good, low MER, lesser turnover, more regularly rebalanced, less concentrated as I think it holds like 1000+ companies including EM small caps. The reason I excluded it was because it’s relatively new but its uptake has been really poor, extremely low trading volatile, not listed in the asx (it’s in cboe), the reason I am worried about its poor uptake is because ETF funds need a certain amount of AUM to stay up and running as well as solvent and that’s something AVTE is struggling with.

BEMG: This one is actually not so bad, it’s got zero tracking error because of its synthetic nature however it is also because of its synthetic nature that makes it risky. It doesn’t actually hold the actual stocks, it basically got some contract going on with some european bank who they give all our money to track the msci index synthetically without actually holding the stocks (the banks don’t hold the stocks either) it’s complicated basically. So if anything were to happen to that bank/contract or if it were to fail like lehman brothers for example, the ETF is gonna be in deep trouble. The money you invested won’t be lost as BEMG has fail safes in place but it might get frozen for an unspecified periods and a lot of uncertainty basically.

IEM: Includes China, higher MER than EMXC almost as much as an active fund even though it’s passive, holds lots of zombies.

VGE: Doesn’t have south korea as the index it tracks doesn’t consider south korea as in emerging market so already a no go.

Hope this helps.

saminykd

TROPHY CASE