Not necessarily. Since I invest primarily in SG, my I started with SGD12k only. Allow me to buy 3 reits only. But 3 is more than enough as they are already giving me >6%p.a dividend. You don't need to be HNWI but as you are starting with small amount, cost is very important.

SG UT also same like Malaysia. Starting only cost SGD1k. Subsequent purchase is SGD1000 or SGD500. Only differences is it is SGD and not RM.

With active work + dividend investing, you have more money to pump back in. Eventually your dividends will enable you to buy a counter on it's own. No discount just wait for price to drop. There's no hurry.

My amanah saham is my last resort watchest. Should 2008 happen again, that will be unlocked. For now, I am not touching it.

This post has been edited by Ramjade: Sep 10 2018, 01:00 PM

Yea I did see theres that cost thing, like its more worth to buy it if you invest a minimum of this amount to offset the cost. Which is why very small amounts like sgd1000 are not recommended altho you could.

Yea I have also just started working as well, do not have that amount lying around as of yet. So i guess amanah saham is my current best option.

SGD12K = RM36k very much doable. Should be more or less one year of savings You don't want SG, there's always HK.
HKD100= RM50. HK have some good stocks

Have only been working for half a year as of now. But isnt it rather risky tho putting directly a years saving into sgd/hk investment? Without like another investment remaining/ fall back on?

Not if you already have savings in place which can last you for min 2 years without work. That's why having emergency cash is very important. Invest only in what you can afford to loose. Don't invest so much until you loose sleep. If you loose sleep or cannot tahan see the price fall, then as mentioned best to stick with safe investment. I have been saving since my primary school days so not an issue to me.

If you already bought when it was cheap, it won't really affect you. That's why margin of safety is important. You buy when things are expensive, get ready to pay the price. You buy when it's cheap, you have nothing to be afraid of. Know why you are buying something. Is it because you are chasing the price? I bought dividend stocks so if price drop, it present more buying opportunities to buy more which means able to generate more cash, As long as I don't sell, dividends will still come in regardless of how the economy is reacting. It may be reduced but it will still come in nevertheless. In US, UK and Canada, there's something call Dividend Champions or dividend aristocrat.

Note that I may change my RM > SGD/HKD, but I wont't buy anything as mentioned why buy when things are expensive? Why do you think I am looking forward to this market drop? Buy when things are cheap. Not the other way around.

Discounts still aren't cheap.


This post has been edited by Ramjade: Sep 10 2018, 01:50 PM

I dont have the capital to do so and also to fall back on but Im quite sure that asnb is rather safe to put in to, until I've gained enough for me to invest in something better in foreign. Even your emergency funds are at somewhere relative safe no? Not like a regular savings account?

Short term spending locked up in PMMMF
Long term war chest + emergency fund amanah saham.

Ooohh long term war chest as in all your foreign investments?

For now yes. Like I said I will crack that open when repeat of 2008 occurs.

But I am collecting my money, every 3-4 months transfer the money over to SG when rates are good.

Which REIT did you buy?

Thanks for advice, Ramjade.

Now my MYR fund are in PMMMF and ASx.
Great that it increase to 3.7%, even additional 0.01% is good feeling.

Whereas SGD Fund has no place like PMMMF to park, so just bank deposit (thinking SC Bonus$aver account).
Hmm..Got 5~6k now, thinking to put in 1~2 S-REITs. But unsure which is considered cheap to put in now.

Meanwhile, I'm looking to DCA on Starhaway RoboAdvisor on US ETF but with monthly fees and the return seems to be not as much as own "benchmark" (ASX).

Or actually i should DCA on S-REITs instead.

This post has been edited by fairylord: Sep 11 2018, 01:40 PM

Avoid scb bonus saver. If you can, go for Citibank maxi gain. Or DBS Multiplier. Easier to hit 2% p.a Just do a GIRO from other account into your own account, credit salary into your account. Then all payout if you are using DBS V into DBS multiplier account. Depending on whether the SGD3k lock inside can generate you money. My time SGD3k lock inside can't hardly earn anything until they revamp the TnC. I close account already before they revamp the TnC to make it more attractive. Heartland boy wrote 2 good articles on it.
https://heartlandboy.com/get-highest-intere...vings-accounts/
https://heartlandboy.com/citi-maxigain-savings-account/

Well there are 2 schools of thought.
1) DCA every month which I am not a fan of
2) Buy when it's on discount (I am fan if this)

Why waste money to buy things are expensive? Better I collect money and buy more when it's cheaper.

For me SG parking only Cimb Fastsaver.
.

Does everyone not incur the RM 5 upon full withdrawal from pmmf?

I withdraw all before tak pernah kena. If scared to kena, don't withdraw all

Nice!

The rule said don't withdraw all. Besides where can you find parking for short term at 3.7%? No savings account give that high interest,

Thanks Bro Ramjade, will look into CIMB FastSaver (min 1k bal to maintain, fuss free 1% p.a.) and DBS Multiplier (aiming to hit the 1.55% p.a.). Citi MaxiGain, fund not sufficient to get rid of the Fall Below charges.

Noted on the 2) school of thought and its require skill in identify the so called "discounted" price, shall we call it "timing" the market?

Correction Cimb fastsaver does not have fall below balance fee. If amount below SGD1k, no interest. POEMS MMF also start to look attractive at 1.01%p.a

If you want, can PM me for Cimb Fastsaver referal.

2) Some call it that way but I prefer to call it buying when things are cheap. Buy when price drop. Use previous hist graph to know more or less the level which is low enough to buy. Low can go lower buy at least to u won't be buying at the peak.

This post has been edited by Ramjade: Sep 13 2018, 12:32 PM

Are you referring to this statement?



I could be wrong, and this is just my opinion.

Assume that RM 10000 is added into Phillip Master Money Market Fund on 1st September 2018. As long as RM 10000 is not fully withdrawn before 1st October 2018 (next month), RM 5.00 for administration fees should not be incurred.

If you withdraw any amount less than RM 10000 within the same month (September 2018), RM 5.00 for administration fees should not be incurred.

This post has been edited by kart: Sep 13 2018, 09:58 PM

icic. tq for the clarification:)