Search found 108 matches

by PurpleArc
Mon Mar 30, 2020 8:56 pm
Forum: Non-US Investing
Topic: Getting into HKEX ETF
Replies: 2
Views: 277

Re: Getting into HKEX ETF

The Hang Seng has dropped 25% since YTD, and I am contemplating to go in. I know conventional wisdom in this forum will say NOW, but should I spread it out, or just go in all at once. I have about 150K USD savings and am thinking of buying more 2800.HK. It's the only shares I buy and I have about 6...
by PurpleArc
Sun Mar 29, 2020 9:20 pm
Forum: Non-US Investing
Topic: Getting into HKEX ETF
Replies: 2
Views: 277

Getting into HKEX ETF

The Hang Seng has dropped 25% since YTD, and I am contemplating to go in. I know conventional wisdom in this forum will say NOW, but should I spread it out, or just go in all at once. I have about 150K USD savings and am thinking of buying more 2800.HK. It's the only shares I buy and I have about 60...
by PurpleArc
Sun Mar 29, 2020 8:52 pm
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 24688

Re: How much you lost/gain since Feb 20,2020 ?

I know no market timing here, but if I have 150K USD to deploy, which is about 5% of my assets. How best to deploy, I am thinking of DCA three trunks for two months - 50/50/50. Thoughts?
by PurpleArc
Wed Mar 25, 2020 8:44 pm
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 24688

Re: How much you lost/gain since Feb 20,2020 ?

LadyGeek wrote:
Wed Mar 25, 2020 8:32 pm
I merged PurpleArc's thread into a similar discussion.
Thanks, makes sense
by PurpleArc
Wed Mar 25, 2020 8:11 pm
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 24688

How much are you guys down?

[Thread merged into here, see below. --admin LadyGeek]

Hi,

Perhaps not the question to ask, but I am down close to 10% for all my portfolios combined.
by PurpleArc
Mon Mar 09, 2020 12:53 am
Forum: Investing - Theory, News & General
Topic: Oil ETF VDE
Replies: 25
Views: 1908

Oil ETF VDE

With the current oil free fall I am tempted to go into VDE, it’s my first time reading up on VDE hence any suggestions advice appreciated!
by PurpleArc
Sat Feb 29, 2020 1:47 am
Forum: Investing - Theory, News & General
Topic: Minimum reserves for European banks only 1%
Replies: 22
Views: 1749

Re: Minimum reserves for European banks only 1%

$2 trillion to buy (safe) companies when there is blood in the streets? No, $2 trillion dollars of excess reserve deposits at the Fed owned by the banks and presumably available to be loaned out in the repo market -- but apparently not available for some reason. And the 10% reserve ratio required o...
by PurpleArc
Sat Feb 29, 2020 1:22 am
Forum: Investing - Theory, News & General
Topic: Are savings rate in US/west increasing?
Replies: 0
Views: 355

Are savings rate in US/west increasing?

Are rich country experiencing increasing savings rate amongst its middle class. In other words, they see stash more and spend less. Wealth gap plays a part but I am looking less so at the super rich as they are making much more these days, and naturally saving more. But rather the middle class in th...
by PurpleArc
Mon Feb 24, 2020 11:10 pm
Forum: Investing - Theory, News & General
Topic: Minimum reserves for European banks only 1%
Replies: 22
Views: 1749

Re: Minimum reserves for European banks only 1%

It jumped to 6% because there was not enough liquidity to satisfy everybody. Lenders raised the price until a lot of borrowers decided not to borrow. Yes, some borrowers might have opted to firesale loans or bonds at a 2-3% haircut instead of borrowing. The implication is that banks made too many l...
by PurpleArc
Mon Feb 24, 2020 6:58 am
Forum: Non-US Investing
Topic: Investing in Hong Kong
Replies: 27
Views: 3787

Re: Investing in Hong Kong

PurpleArc, here's a good site for following the A-H premium/discount: http://www.aastocks.com/en/stocks/market/ah.aspx It's difficult, if not impossible, to short the overpriced A-shares, and many onshore investors still buy those A-shares instead of the same stocks on southbound connect. Many have...
by PurpleArc
Sun Feb 23, 2020 7:43 pm
Forum: Investing - Theory, News & General
Topic: Minimum reserves for European banks only 1%
Replies: 22
Views: 1749

Re: Minimum reserves for European banks only 1%

@petulant, Can you also try explaining what happened a few months ago with the overnight lending rate, I know it spiked, and I know the feds had to intervene. But why and how? The repo rate spiked. The rep market is where institutions including banks borrow money using Treasury securities like bond...
by PurpleArc
Sun Feb 23, 2020 7:40 pm
Forum: Investing - Theory, News & General
Topic: Minimum reserves for European banks only 1%
Replies: 22
Views: 1749

Re: Minimum reserves for European banks only 1%

Not quite. The reserve ratio is the bank's liquid reserves (cash and central bank deposits) divided by the customer deposits. If the bank has $100 in deposits and $20 in owner capital with a reserve ratio of 1%, the liquid funds would be $1. The capital ratio is the owner capital divided by all ass...
by PurpleArc
Sun Feb 23, 2020 9:28 am
Forum: Non-US Investing
Topic: Investing in Hong Kong
Replies: 27
Views: 3787

Re: Investing in Hong Kong

Yes, in many cases they are effectively the same fractions of the same companies. Some explanations for the A-share premium include: 1/ Most of the demand for these names is from within the mainland, and these investors still seem to prefer buying domestically listed A-shares than the cheaper H-sha...
by PurpleArc
Sun Feb 23, 2020 9:21 am
Forum: Investing - Theory, News & General
Topic: Minimum reserves for European banks only 1%
Replies: 22
Views: 1749

Re: Minimum reserves for European banks only 1%

@petulant,

Can you also try explaining what happened a few months ago with the overnight lending rate, I know it spiked, and I know the feds had to intervene. But why and how?
by PurpleArc
Sun Feb 23, 2020 9:20 am
Forum: Investing - Theory, News & General
Topic: Minimum reserves for European banks only 1%
Replies: 22
Views: 1749

Re: Minimum reserves for European banks only 1%

Not quite. The reserve ratio is the bank's liquid reserves (cash and central bank deposits) divided by the customer deposits. If the bank has $100 in deposits and $20 in owner capital with a reserve ratio of 1%, the liquid funds would be $1. The capital ratio is the owner capital divided by all ass...
by PurpleArc
Sat Feb 22, 2020 9:54 pm
Forum: Investing - Theory, News & General
Topic: Minimum reserves for European banks only 1%
Replies: 22
Views: 1749

Re: Minimum reserves for European banks only 1%

Many posters are confusing the reserve ratio with the capital ratio. The reserve ratio, which OP is discussing, deals with the liquidity of bank assets. It is generally defined as the ratio of reserves, which are cash and deposits at the central bank, divided by customer deposits. A higher reserve ...
by PurpleArc
Fri Feb 21, 2020 10:22 pm
Forum: Investing - Theory, News & General
Topic: Minimum reserves for European banks only 1%
Replies: 22
Views: 1749

Minimum reserves for European banks only 1%

Hi guys, I was reading about fractional reserve. I read something that Eurozone banks only need to have 1% reserve ratio. Which means that for 100 billion deposits they get, they only need to keep 1 billion and loan out 99 billion. Am I missing out something or because this sounds wrong. There's als...
by PurpleArc
Tue Feb 18, 2020 6:57 pm
Forum: Investing - Theory, News & General
Topic: Intelligent Investor - Rules for the common stock component
Replies: 5
Views: 526

Re: Intelligent Investor - Rules for the common stock component

The first publication of Graham's book was in 1949 and there were several revisions up to the early '70s. Probably the best edition for individual investors is the fourth-edition update in the early 2000s with an Introduction and commentary after each chapter by WSJ columnist Jason Zweig. Graham's ...
by PurpleArc
Tue Feb 18, 2020 8:55 am
Forum: Investing - Theory, News & General
Topic: Intelligent Investor - Rules for the common stock component
Replies: 5
Views: 526

Re: Intelligent Investor - Rules for the common stock component

I'd suggest reading Warren Buffett's shareholder letters instead. Ben Graham's books can have more than a few anachronisms built into them. The book was actually written in the late 40s, not the 70s. He was much more "rule-based" in his thinking, and I think the true heir to his style of investing ...
by PurpleArc
Tue Feb 18, 2020 8:33 am
Forum: Investing - Theory, News & General
Topic: Intelligent Investor - Rules for the common stock component
Replies: 5
Views: 526

Intelligent Investor - Rules for the common stock component

I recently reread the book "Intelligent Investor". There's a lot of gem inside, but it's also not the easiest book to follow (for my level). One section I find uber interesting is his rules for selecting stocks. I took notes and sharing it here, who knows we get some discussion going. There should b...
by PurpleArc
Tue Feb 18, 2020 1:36 am
Forum: Non-US Investing
Topic: How to Move to Switzerland and Still be a Boglehead
Replies: 18
Views: 2662

Re: How to Move to Switzerland and Still be a Boglehead

Hi, on an unrelated note for those with Swiss knowledge, do you guys know which banks are actually open to allowing non resident to open a bank account. I am a mobile person and have always wanted to have a Swiss bank account. If you are not a US citizen pretty much any bank. If you are it is relat...
by PurpleArc
Sun Feb 16, 2020 7:54 pm
Forum: Non-US Investing
Topic: How to Move to Switzerland and Still be a Boglehead
Replies: 18
Views: 2662

Re: How to Move to Switzerland and Still be a Boglehead

Hi, on an unrelated note for those with Swiss knowledge, do you guys know which banks are actually open to allowing non resident to open a bank account. I am a mobile person and have always wanted to have a Swiss bank account.
by PurpleArc
Tue Feb 11, 2020 10:12 pm
Forum: Non-US Investing
Topic: Investing in Hong Kong
Replies: 27
Views: 3787

Re: Investing in Hong Kong

With stock connect, foreigners can now easily buy many mainland A-shares through a HK or other offshore brokerage account. For companies listed both on the mainland and Hong Kong, most HK shares still trade at deep discounts to their mainland equivalents, so I usually only buy mainland shares of co...
by PurpleArc
Mon Feb 10, 2020 11:01 pm
Forum: Non-US Investing
Topic: Investing in Hong Kong
Replies: 27
Views: 3787

Re: Investing in Hong Kong

2800.HK's investment objective is to provide investment results that closely correspond to the performance of the Hang Seng Index. Hang Seng Index is represented by 50 constituent company, about 58% of the capitalisation of the HKEx. Which means that by buying into 2800.HK we are basically tracking ...
by PurpleArc
Mon Feb 10, 2020 8:56 pm
Forum: Non-US Investing
Topic: Investor from Singapore
Replies: 25
Views: 2821

Re: Investor from Singapore

One thing to wonder is how Singapore's SPDR ETF performed during 2008. If it goes down like US then both are pretty much in the same boat when it comes to diversification.
by PurpleArc
Mon Feb 10, 2020 8:51 pm
Forum: Non-US Investing
Topic: Investing in Hong Kong
Replies: 27
Views: 3787

Re: Investing in Hong Kong

Am a fellow BH with interest in HK,

I have been going into 2800.HK tracker fund to mirror the performance of Hang Seng Index. I wonder if anyone is actively going into this. I am using this fund as an entry to enter China as, IIRC, it has ~50% exposure to China companies listed in HK.
by PurpleArc
Mon Feb 10, 2020 2:02 am
Forum: Non-US Investing
Topic: 70% of my portfolio is in REITs, should I rebalance?
Replies: 19
Views: 2133

Re: 70% of my portfolio is in REITs, should I rebalance?

S-REITS price also fell 70% during 2008, and has not recovered until today. For the sake of being unbiased, the price index of REITs is going to miss a very large amount of the return due to being legally required to pay out almost all of the income as dividends, so there's a good chance it has rec...
by PurpleArc
Mon Feb 10, 2020 12:40 am
Forum: Non-US Investing
Topic: 70% of my portfolio is in REITs, should I rebalance?
Replies: 19
Views: 2133

Re: 70% of my portfolio is in REITs, should I rebalance?

I am a 36 YO Singaporean earning a salary of about US$6500 a month. I'm not new to investing but am new to the Bogleheads way of long-term investing. My portfolio currently consists of only two stocks: 1) AIM APAC REIT (O5RU) - 140,000 shares worth about US$151K - This is mostly Singapore-based REI...
by PurpleArc
Sun Feb 09, 2020 11:30 pm
Forum: Non-US Investing
Topic: 70% of my portfolio is in REITs, should I rebalance?
Replies: 19
Views: 2133

Re: 70% of my portfolio is in REITs, should I rebalance?

Do you have any data to show that as the global stocks collapsed REITs went further down? I actually bought VNQ REITS as a rebalancing, and was just thinking about Singapore REITS too. Link Australian REITs (click on "max" below the graph on that page). Yikes, 73% crash from ATH. REITs is more expo...
by PurpleArc
Sun Feb 09, 2020 7:42 pm
Forum: Non-US Investing
Topic: 70% of my portfolio is in REITs, should I rebalance?
Replies: 19
Views: 2133

Re: 70% of my portfolio is in REITs, should I rebalance?

Welcome to the forum. Well, if there's another 2008, your global stocks will fall 50% but global REITs will drop 70%. That's idiosyncratic sector risk for you. Australian REITs dropped even more at 75%. That's idiosyncratic sector risk combined with idiosyncratic country risk. This is why "max 10% ...
by PurpleArc
Sun Feb 09, 2020 7:36 pm
Forum: Non-US Investing
Topic: 70% of my portfolio is in REITs, should I rebalance?
Replies: 19
Views: 2133

Re: 70% of my portfolio is in REITs, should I rebalance?

Singapore, and by extension their cousin Malaysia is big on REITs, because the dividend that REIT draws are better than interest rates, because the government compel, iirc, 90% or dividend payout and Singaporeans love it. Not saying right or wrong, but that's what I observed, that's why Singapore h...
by PurpleArc
Sun Feb 09, 2020 11:14 am
Forum: Non-US Investing
Topic: 70% of my portfolio is in REITs, should I rebalance?
Replies: 19
Views: 2133

Re: 70% of my portfolio is in REITs, should I rebalance?

Singapore is one of those places I've been looking into for possible relocation. From what I've read and know about the local scene, people are really into property and real estate. There are a few local FIRE blogs who advocate dumping large amounts of money into REITs. I think 70% is a bit risky, ...
by PurpleArc
Sun Feb 09, 2020 11:12 am
Forum: Non-US Investing
Topic: 70% of my portfolio is in REITs, should I rebalance?
Replies: 19
Views: 2133

Re: 70% of my portfolio is in REITs, should I rebalance?

Welcome to the forum. Well, if there's another 2008, your global stocks will fall 50% but global REITs will drop 70%. That's idiosyncratic sector risk for you. Australian REITs dropped even more at 75%. That's idiosyncratic sector risk combined with idiosyncratic country risk. This is why "max 10% ...
by PurpleArc
Sun Feb 09, 2020 8:59 am
Forum: Non-US Investing
Topic: Will European global weightage slip?
Replies: 15
Views: 1381

Re: Will European global weightage slip?

Also, speaking of China, am thinking of putting more chips there, I suspect the virus scar will recede in a quarter and with it comes the Chinese equity market recovery.
by PurpleArc
Sun Feb 09, 2020 8:53 am
Forum: Non-US Investing
Topic: Investor from Singapore
Replies: 25
Views: 2821

Re: Investor from Singapore

Speaking of diversification, I've also put some chips into Vanguard's US REITs VNQ. VNQ is US domiciled, so you will want to be very mindful of the sizeable US tax costs and risks of holding this while a Singaporean resident. Perhaps you already are, so just a note for future readers, then. One thi...
by PurpleArc
Sun Feb 09, 2020 8:52 am
Forum: Non-US Investing
Topic: Will European global weightage slip?
Replies: 15
Views: 1381

Re: Will European global weightage slip?

It really depends on where you are. If you are in The Netherlands (where smoking weed is legal by the way), Germany, Denmark you could have had a very different impression as compared to Italy, Spain and France. Fair deal. Those countries you mentioned indeed gave a good impression. Investment wise...
by PurpleArc
Sun Feb 09, 2020 8:47 am
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2387

Re: Investing in Norway for expat

I am personally betting against crude oil - environment, sharing economy ditching cars, alternative sources. So if NOK is so co-related to oil price, then it's a no go since what I can potentially make from Norwegian equity market I can potentially lose out in FX.
by PurpleArc
Sun Feb 09, 2020 7:14 am
Forum: Non-US Investing
Topic: Will European global weightage slip?
Replies: 15
Views: 1381

Re: Will European global weightage slip?

Having (re)visited Western Europe recently, I am surprised that the economy are not as vibrant, people not as optimistic. There are quite some beggar and weed use. I am not rallying against weed use, but am sad seeing tramps and drunks making alleys and streets smells like a weed factory. Granted I ...
by PurpleArc
Sun Feb 09, 2020 6:59 am
Forum: Non-US Investing
Topic: Investor from Singapore
Replies: 25
Views: 2821

Re: Investor from Singapore

I don't class myself as an expert, but can speak from my own experience and research being based in Singapore and "doing ETFs for about 5 years". I've been looking at the Singapore equity market, you are spot on that two best investment instruments are S-REITS and ETFs (My pick is SPDR). I choose S...
by PurpleArc
Fri Oct 25, 2019 10:51 am
Forum: Personal Investments
Topic: How to look at PE Ratio?
Replies: 7
Views: 288

How to look at PE Ratio?

Hi, still learning the ropes on how to look at stocks. I am wondering if someone can shed some lights on how PE ratio relates to price? Specially I want to know about Paypal, their market cap is ~125Billion USD, and their PE ratio is ~50. Hence shouldn't their net profit be 2.5Billion USD? But I can...
by PurpleArc
Wed Oct 02, 2019 9:51 pm
Forum: Non-US Investing
Topic: Investor from Singapore
Replies: 25
Views: 2821

Re: Investor from Singapore

However... many in Singapore seek dividend stocks, and Singapore is actually good for these. Especially in REITs. You could pick some good dividend stocks from the STI if you wanted to invest locally. This is a good place to look for information: https://www.dividends.sg/rank/blue . Many people see...
by PurpleArc
Sat Sep 28, 2019 9:45 pm
Forum: Non-US Investing
Topic: Will European global weightage slip?
Replies: 15
Views: 1381

Re: Will European global weightage slip?

Hi, Not trying to look into the crystal ball, but what is your prediction of European's global equity market weightage? Will it continue to slip against US and the world? Its impossible to tell. For almost any country I can list some problems that I think might give it underperformance. I see a lot...
by PurpleArc
Fri Sep 27, 2019 10:33 pm
Forum: Non-US Investing
Topic: Will European global weightage slip?
Replies: 15
Views: 1381

Will European global weightage slip?

Hi,

Not trying to look into the crystal ball, but what is your prediction of European's global equity market weightage? Will it continue to slip against US and the world?
by PurpleArc
Fri Sep 27, 2019 12:13 pm
Forum: Non-US Investing
Topic: Will China stocks exit HKEx?
Replies: 5
Views: 818

Re: Will China stocks exit HKEx?

No they won't, because these exchanges don't have much liquidity to outside markets. This is why Chinese stocks list on the HKSE, to access outside liquidity. True that, until SH air SZ opens up to foreigners that is the only way for retail foreign investors to access china stocks. If you have both...
by PurpleArc
Fri Sep 27, 2019 1:27 am
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2387

Re: Investing in Norway for expat

oogZoo wrote:
Fri Sep 27, 2019 12:26 am
Image
This chart is splendid.
by PurpleArc
Thu Sep 26, 2019 8:44 pm
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2387

Re: Investing in Norway for expat

The pattern of the Norwegian stock market is very similar to that of other European stock markets v. USA. So probably the assumption is that the gap in performance persists (and the US becomes an even larger part of global market cap). Maybe if they have another banking crisis the NOK drops like th...
by PurpleArc
Thu Sep 26, 2019 12:12 pm
Forum: Non-US Investing
Topic: Will China stocks exit HKEx?
Replies: 5
Views: 818

Re: Will China stocks exit HKEx?

I’ve changed the topic to “Will China stocks exit HKEx” to discuss more about the impact it might have on 2800.HK, which is an ETF that buys the large stocks in HKEx. China stocks are a major component of HKEx, with the current political instability, is there a risk that China stocks will delist and...
by PurpleArc
Thu Sep 26, 2019 4:14 am
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2387

Re: Investing in Norway for expat

Roughly speaking, for a -10% drop in the FTSE100 index of leading UK companies (about 84% of the FTSE All-Share) the stocks rise 6-7% because the majority of their profits are made outside the UK. If you buy Norwegian government bonds or have a Norwegian bank account, you take the full FX hit. But ...
by PurpleArc
Wed Sep 25, 2019 10:30 pm
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2387

Re: Investing in Norway for expat

I am guilty of knowing too little :) if someone where to short a currency, wouldn’t that be a short term short, do people short currency in five, ten, twenty year time frame? Thanks! Note: i want to put in money into the Norwegian equity market as part of a diversification and the main thing stoppin...
by PurpleArc
Wed Sep 25, 2019 6:46 am
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2387

Re: Investing in Norway for expat

You cannot, generally, tell anything about the movements of future exchange rate from the past exchange rate. In any case I would read that chart as a *buy* because you get the assets more cheaply if you are a USD investor. If the price of oil goes up I predict the NOK will go up. Because if I plac...