Way below NAV. How many % doesn't matter to me.
What matters is as mentioned able to beat ASNB risk free returns. Of course in SGD. Not MYR.

Depends on companies. Some payout 30-70%
S-reits payout 90%.
All my S-reits as mentioned above are paying out more than what ASNB is giving me. So min 6%p.a in terms of SGD.

Bro, I use some cash to buy S-reits and some other dividend counters in SG. So use up cash mana ada cash lagi. Need to wait for salary + dividends to come in.

Bro, SGD down good to accumulate. There's a reason SGD is known as Switzerland of Asia you know. If I can accumulate CHF, I will be more than happy to do it. I am more than happy to change if it drop further to 2.9x like few months ago. At 3.0x, is expensive to me, but still cheaper than 3.2x. Will I bite? Yes I will.

Look long term.

Tell me, what's there not to celebrate when market is down? Is like a mega sale. You can pick to buy what you like. Like a kid walking into a candy store. So many things to buy, but not enough cash to buy them all. Remember I am a income investor. When market is down, it give you a chance to increase your dividend yield vs buying when market is up.

When market up what's there's to celebrate?

This post has been edited by Ramjade: Oct 12 2018, 10:56 AM

Opportunities cost to get >6%p.a life time? Perfectly fine with it.

It takes guts, strength and discipline to seat on cash.

This post has been edited by Ramjade: Oct 12 2018, 11:14 AM

Not if you are not selling at all. If you are buying to keep, price goes down is better than price goes up.

Agreed with the quoted words.

Actually not really bro. I bought my S-reits when things were on discount about 2 years back. Have been holding on to them even if price shot up cause I got no confidence able to buy back at lower price. When price went up, I didn't give chase. Just ignore. Even with the recent sell down, the S-reits didn't even touch my entry price. Just pick up some other dividend counters that I was eyeing during my entry time.

You should know me by now. I invest so that I got secondary income coming in. No need work like a donkey until retire.

Not if you never give in to lifestyle inflation. More income = more spending? No thank you. You will come back to square one.

Correction one month save RM3k. Keep money first then when got huge amount change over la. One year can easily change RM36k. Enough for me to buy 2-3 counters if needed. Siapa minta convert RM3k. Be super frugal and you have more cash for investment. Do you need all fancy food at high class restaurant, newest gadget, newest car, yearly overseas holiday, RM50/baju? For me I don't. I spend on what I need, save the rest for investment. Know what you want. I do not want and need such short term gratification.

It all comes down to choices. Do you want to spend it now or do you want to grow it?

Hahaha... If daddy kasi, I no need to pay rental, bills, petrol already.

Yup. Market rebounded. Oh well I already scoop some discount already yesterday.

This post has been edited by Ramjade: Oct 12 2018, 01:02 PM

Welcome to my life. Shocking isn't it.
Rental RM700
Water RM10
Electric RM0
Petrol RM30
Phone RM30
Internet RM45
Food + groceries = ~RM300 (I packed my own food to work)
Insurance nil. Never trusted insurance, I go govt Hosp.

When you train your mind not to give in to temptation, all other things become unnecessary. Focus on your goal. My goal is simple. Stop working as soon as possible.

The above are needed expenses.
From there, the remaining
1) keep saving until get RM3k for PRS
2) keep until get RM2k, dump RM2k/year into EPF (cashback from cc by helping people buy things). About RM1000. cashback/year. Contribute extra RM1k out of own pocket.
3) keep balance in MMF until big amount, convert over to SGD. That's why I said I am use to seating on cash.

Be super frugal and you have plenty of cash left over. Spend now on all sort of nonsense thing, you have no cash left for anything.

This post has been edited by Ramjade: Oct 12 2018, 01:45 PM

LGE already hint is a budget cut budget. So don't think it will do good for economy.

As long as it takes to get a good deal. If you have limited amount of cash, you need to learn to use it wisely.

A good eg.
Something is normally selling for RM10 at a hypermarket. Price increase to RM12. Do you want to buy it now or wait for it to come down to RM10? You only buy if you need it urgently. Can live if you don't buy it now?

Then you know hypermarket likes to give end if year sale, I will wait for that sale. Remember to get your money worth. Pay less for the same thing.

You asked a question so I am answering you. Wait as long as one gets a good deal.

Let me clarify that two post. I do not have sufficient cash to take advantage if 2008 does come again. That's why I am building up as much as possible. I have more than sufficient cash to pick up good discounts.

What's wrong waiting for ~2 years when
1) SGD is appreacting against RM by about 2%p.a on average (over 10 years period)
2) I can get easily min10%p.a lifetime from SG during sales? Combine that with point 1),

Money converted and invested in SG so far already out ran ASNB. returns. If no deal in the market, I am willing to seat on cash. 5% returns on S-reits. No deal in market seat tightly, collect cash from salary, convert when amount is significant + getting free SGD every 4x a year. Having cash in bank is better than risking it. When deal/sales come around, deploy it in financial strong companies. Enjoy best of both world, high dividends + paper capital appreciation.

If I can wait say 5 years to get a 10%p.a deal for life, why not? That's a better deal than ASNB can throw at me. Must make your money worth it. And what's the rush to buy? FOMO?

So back to your question? How long should I wait?
Simple. If it cannot beat risk free return with margin of safety (low price + high dividends) no need to buy.
Since we are in UT section, how long to wait? Compare with the index with the lowest price of last sell down, that should be your target. Of course this are just what I do for myself.

This post has been edited by Ramjade: Oct 12 2018, 04:23 PM

Actually is assumed to be 6%. Not confirm 6%. But how long can tahan 6% is another story for another day. Until then enjoy je.

Govt policy is to keep making their currency stronger. Only govt in the world who acts that way. That's why I said keep SGD and don't do anything and it will auto appreciate vs RM. This was taught to me by Hansel.

What's wrong with seating on cash? There's no hurry to invest when crisis is just around the corner.

Is all about timing. You happen to buy at peak or near all time high.

Cannot say line that. If market crash next year?
Remember unit trust still holds a basket of stocks. In a correction as shown recently, even unit trust also not spared.

No money already. Transferred my money to SG already. Need to wait for pay day to buy PRS.

Emergency cash cannot touch.

Simpan cash in MMF until enough to send over to SG, then seat in cash. When discount come, buy cheap dividend socks which able to generate 6-8%p.a dividend for reits.
For non reits, get 4-5% dividend which can grow annually.

If price good, divert some to good UT in SG
If price no good collect dividend and wait.

Think I talk kok? I have a plan and I stick to it. I don't chase when price shoots up.

Convert now while SGD still cheap.

Experiment to transfer cash to UK for future...

This post has been edited by Ramjade: Oct 18 2018, 06:16 PM