Or for themselves.

Principal-agent problem. Not sure of local private banks, in SG Swiss private banks, at least from one client I know, the bankers keep "encouraging" you to trade in and out to collect "fees". For buy-and-hold style investment, not much fees to be collected and that is no longer the most lucrative business for them.

The lesson here is TS should read up finance books and gear up herself with financial knowledge on her own. Don't follow others blindly, even if that means your FA, always ask for second opinion. It helps too if you have banker friends (not in client-customer relationship).

frost, don't be fooled by the coupon rates. Coupon rates are NOT the best indicator nor should be cared about when buying bonds, it's the yields, like yield to maturity, yield to worst, yield to call etc that should be your prime consideration, among other things like maturity, credit ratings/cash flow profile of companies etc.

Coupon rates are the YTM at the moment they are listed in primary market (aka IPO), then the price of bond starts to float, and yields change inversely to price. So the coupon rate becomes a name and nothing more.

If you check the majority of Mapletree bonds (perpetuals or normal bonds), their yields are close to 2-3% p.a. only, which is as good as majority of FDs in Malaysia (notwithstanding the currency movement, you may have forex gain/lost from SGD/MYR).

I am surprised your RM didn't tell you this (or you haven't ask him/her yet)?

Here is an example:

https://www.bondsupermart.com/bsm/bond-factsheet/AN4620117

Another thing with regards to Maybank/public bank shares. If you are already heavy in ASNB/EPF, consider avoiding putting too much money in the local blue-chips, you won't achieve diversification and could actually lose money to the institutions as they have insider news that you don't have access to.

Though Ram suggests you to go for REITs instead of their bonds, I choose to take a neutral stand, bonds still have a place in any investors portfolio. It is more stable than equities and offer a better risk-adjusted return than equities as a whole. But of course in a low interest rate world, we have no choice but to pile cash into equities. In any case, make sure you diversify your holdings.

This post has been edited by TOS: Nov 12 2021, 06:44 PM

lol he created that abbreviation himself. That is not officially recognized elsewhere.

Here are some options:

Frasers family: Frasers L&C Trust, Frasers Centerpoint Trust

Capitaland family: Integrated Commercial Trust, China Trust, Ascendas REIT, Ascendas India Trust

Mapletree family: Mapletree Commercial Trust, Mapletree Logistics, Mapletree Industrial Trust

Keppel family: Keppel DC REIT

IHH family: Parkway LIFE REIT

You can find the rest here: https://www.sgx.com/securities/securities-prices?code=reits

This post has been edited by TOS: Nov 12 2021, 07:02 PM

Ok ok minus Keppel REIT. I already have stakes in CICT, so no plans for office REIT exposures for now.

This post has been edited by TOS: Nov 12 2021, 07:03 PM

https://www.sinchew.com.my/20211227/%e6%9c%...ac%bc%ef%bc%81/

(Article in Mandarin)

Different "types" of FIRE (In Mandarin)

https://www.sinchew.com.my/20220221/%e8%b4%...92%b1%ef%bc%81/

This post has been edited by TOS: Feb 21 2022, 10:53 AM

From my own understanding, Barista FIRE is taking a part-time barista job at Starbucks after retirement to get medical insurance and social security benefits. This is an "American" style of living. It's one "sub-type" of Coast FIRE. Coast FIRE involves the use of compounding interest to passively compound the money to "glide to" (reach) your goal, i.e. "final value" after you reach a certain "present value" while at the same time you do what you like (e.g. barista). But this coast FIRE is voluntary decision though. Not all barista at Starbucks are really "coast-firing", some just want the money to live and make friends/socialize, for example.

This line is very true: Scope of work good, but culture no good. Culture good, boss no good. Boss good, business no good.

In economics, it's supply and demand that matters, not your own interest. If there is high demand in the market for data analysts, salaries spike and people will flock to that career, only to realize that that is not their interest and they soon enter into a downward spiral or become depressed and frustrated.

I'm just like you! Maybe should improve on point no. 4

In SG minimum salary is 5k SGD per month liao... I thought it's still 4k...

https://www.sinchew.com.my/20230204/%ef%bc%...b5%b7%e8%96%aa/

What do you guys think about this?

https://www.sinchew.com.my/20230821/%e4%bf%...bf%a7%ef%bc%9f/

(Article in Mandarin.)

ok ok deleted...

This post has been edited by TOS: Jan 13 2024, 01:09 PM

Removed liao lol, you should remove yours one also, since you quoted my post earlier.

You everyday eat haidilao hotpot?