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Text of the page (random words):
g a sell and a buy to transfer the stocks so i sold all my holdings from dbsv in november vanguard total stock market etf vti and abf paif asia bond index etf 2821 hk i plan to use standard chartered bank to buy the etfs back but have not gotten the time to do so as to dbsv you were the broker i used to buy my first etf vti in 2005 when you were the only local broker who didn t charge custodian fees for foreign stocks so long and thanks for all the fish 31 comments posted in cost stock broker transaction tagged custodian dbs fee sell vickers stockquote 2 1 3 released posted on saturday 23 june 2012 2 40 pm leave a comment this is a bug fix release for the price import error when importing price from yahoo finance due to changes in its html code recently no new feature was added download this release at the download page leave a comment posted in portfolio management technology tools tagged portfolio management stockquote technology tools portfolio activity july august 2011 posted on tuesday 13 september 2011 5 54 pm 7 comments with the cash built up from the delayed contribution in october 2010 and april 2011 i have finally made the purchase in july and august the delay was because 1 i have been trying to get saxo to offer two global bond etfs in london stock exchange since october 2010 which saxo finally added them in may 2011 and 2 i was evaluating and setting up standard chartered bank online trading in july 2011 following my asset allocation plan i have bought the funds below through the broker stated in brackets ishares msci europe etf saxo lyxor asia pacific ex japan etf scb lyxor japan etf scb ishares citigroup global government bond etf saxo on the other hand i have taken the opportunity in the recent rise of bond price to sell legg mason global bond trust an actively managed unit trust fund following the sale i do not have any actively managed fund in my portfolio except uob growpath 2040 in cpf sa i will allocate the sale proceed to us equity again according to asset allocation plan 7 comments posted in bonds etf investment my portfolio stock broker transaction tagged active activity buy etf my portfolio sell unit trust fund year 2011 standard chartered online trading posted on saturday 6 august 2011 6 58 pm 24 comments i opened standard chartered bank scb online trading in june with settlement acounts in sgd hkd usd eur and gbp currency i waited for another 3 weeks for the w8ben form to be processed so that i could start to use the usd settlement account the main attraction is that there is no minimum commission for trading in major stock exchanges around the world so it is very good for small transaction especially if you want to do monthly contribution into etf read the brokerage market fees faq and this post by hyom besides the questions raised n faq i also gathered the following information by calling the online trading hotline at 1800 242 5333 don t call the general hotline as the officers are not equipped to answer online trading related question all shares are held in scb no monthly custodian fee no dividend handing fee there are two other things to note currency exchange rates and etf listed in london stock exchange currency exchange rates i compared scb currency exchange rates with that of oanda com for a random couple of days see the spreadsheet below or open the spreadsheet here as you can see in the last column amount difference hkd rate is consistently bad while others fluctuate i have only transferred money to usd account and did so when the amount difference is in the 0 5 0 6 range etf listed in london stock exchange according to london stock exchange lse webpage on etf etfs attract no stamp duty the two brokers poems and saxo that i have used to purchase etfs in lse follow this rule and did not charge stamp duty for scb you will have to pay the stamp duty of 0 50 on buy trades i called up scb cited the webpage and asked if there was a mistake and whether stamp duty would be refunded if the transaction in lse was a etf scb said they would call back few days later scb called me and said all buy trades in lse will attract stamp duty huh so how much commission in total including stamp duty will i be paying when i use scb compared to saxo see the spreadsheet below or open the spreadsheet here scb is more expensive than saxo when your trading amount is only slightly over 1000 1066 67 to be exact this means scb is only cheaper when you trade below 1066 67 comments the etfs and reit shares that i use in my portfolio are listed singapore exchange us stock exchanges and london stock exchange i am inclined to use scb for transaction in singapore exchange and us stock exchanges i will continue to use saxo for transaction in london stock exchange for currency exchange i am ok with the hassle of comparing the rate in scb with oanda com each time before initiating the transfer 24 comments posted in bank cost stock broker tagged commission cost exchange rate saxo stanchart stock broker trading portfolio review for 2010 posted on saturday 4 june 2011 11 12 pm 11 comments as usual my portfolio review for year 2010 is divided into three sections expenses emotion and return expenses 2010 2009 number of buy 4 9 number of sell 0 1 turnover ratio 0 0 0 72 average holding period year infinity 139 total expense ratio 0 36 0 58 quite a passive year partly because of delay on planned portfolio activity in october 2010 emotion nothing much to say here except the frustration of finding london stock exchange lse listed global bond etfs that are available in saxo the stock broker i use and the delay caused by the waiting anyway the two lse listed global bond etfs are available now since may 2011 for trading in saxo return 2010 2009 portfolio irr portfolio twr benchmark portfolio irr portfolio twr benchmark sgd 5 21 5 20 4 47 25 60 25 48 20 39 usd 14 50 13 70 28 92 23 58 note irr internal rate of return also known as dollar weighted returns twr time weighted returns both twr and irr returns include dividend and un invested cash holding comments on the return the irr and twr are almost the same this is because new cash contribution is evenly spread out over the year as i save monthly to contribute to the portfolio portfolio return is quite close to the benchmark which tells me that my portfolio behaves as expected as a 75 25 portfolio the gap between sgd return and usd return is due to depreciating us dollars portfolio allocation current target equity 71 75 us 25 25 eu 13 20 jp 5 5 apej 7 10 sg 3 5 reit 17 10 fixed income 29 25 global 5 10 asia 4 5 sg 16 10 cash 3 0 there is a slight over allocation in reit due to a number of right issues by several reit managers the cash holding is caused by the delay on planned portfolio activity mentioned above looking into 2011 there are more and more etfs listed in sgx and i have not looked into them could be interesting for global bond etf i will start to use the lse listed ishares citigroup global government bond iglo and ishares global inflation linked bond igil that are now available for trading in saxo stock broker as always stay the course and tune out financial news 11 comments posted in benchmarking cost my portfolio portfolio management tagged bonds emotion expense expense ratio londonstockexchange portfolio review return turnover ratio year 2010 portfolio activity for october 2010 is delayed posted on wednesday 15 december 2010 10 17 pm 5 comments my regular half yearly investment should have already happened in october but it was delayed due to difficulty in finding a suitable platform to buy global bond etf saxo refused to add the global bond etfs i requested because it is multiple currency while poems added the etfs but their commission is high read my post here the portfolio asset allocation has been within the 5 threshold from the target 75 25 stock bond ratio since october but within the bond portion global bond is under allocated and requires top up that s why i am looking for global bond etf to add i prefer not to add to the current global bond unit trust fund in my portfolio because of the fund s active management recently a reader left a comment that a multiple currency etf was added to saxo upon his request i have sent a request to saxo again to add the two global bond etfs will update when i have their reply 5 comments posted in bonds etf investing investment my portfolio portfolio management rebalancing tagged activity bonds etf londonstockexchange my portfolio stock broker global bond etf in london stock exchange posted on thursday 28 october 2010 12 24 am 6 comments update 7 aug 2011 iglo and igil are now available for trading in saxo since mid may 2011 the commission is charged in usd converted from gbp at saxo prevailing rate i posted here that i may consider bond etf in london stock exchange following the reduction of saxo commission from gbp 15 to gbp 8 but alas when i asked saxo to add the following two global bond etfs saxo replied that they were not able to add because these etfs are traded in multiple currencies gbp and usd ishares citigroup global government bond iglo traded in usd ishares global inflation linked bond igil traded in usd when i probed further and informed saxo that the two etfs have different stock symbols for different currencies saxo replied they still could not add them because they share the same isin number on the same exchange ok let s try poems i emailed their tech support to add these two etfs and on the following day it was added so now you can buy the two etfs in poems just note that the etfs are traded in gbp and their symbols are ishares citigroup global government bond sglo traded in gbp ishares global inflation linked bond sgil traded in gbp however there is a catch poems charges a higher commission gbp 25 compared to saxo given this i am undecided whether to use poems or not 6 comments posted in bonds etf investment stock broker tagged bonds etf londonstockexchange lse poems saxo portfolio activity may 2010 posted on sunday 20 june 2010 1 55 pm 2 comments the latest portfolio activity happened in may it was scheduled in april but was postponed due to travelling in overseas according to my asset allocation plan i needed to top up us asset class but after allocating the required amount from my fresh fund to the us asset class there was some but not much surplus left i could allocate this surplus to the asset class that almost reached the bottom threshold of its allocation which was asia pacific ex japan in the end i topped up only the us asset class with all the fresh fund to save time and commission since the top up of asia pacific ex japan by the relatively small surplus did not change much the allocation of all asset classes 2 comments posted in etf investment my portfolio portfolio management transaction tagged activity buy etf my portfolio vti year 2010 lower commission for stocks traded in london stock exchange posted on wednesday 28 april 2010 8 40 pm 7 comments i received this email from saxo last week the minimum commissions charged on stocks traded on the following exchanges will be lower from 1 may 2010 euronext amsterdam ams from eur 20 to eur 12 euronext brussels bru from eur 20 to eur 12 euronext lisbon lisb from eur 20 to eur 12 euronext paris par from eur 20 to eur 12 frankfurt xetra stock exchange fse from eur 20 to eur 12 london international exchange lse_int from usd 40 to usd 20 london stock exchange lse_sets from gbp 15 to gbp 8 milano stock exchange mil from eur 20 to eur 12 omx helsinki hse from eur 20 to eur 12 sistema de interconexion bursatil espanol sibe from eur 20 to eur 12 swiss virt x vx from chf 30 to chf 18 swiss exchange swx from chf 30 to chf 18 wiener börse vienna stock exchange vie from eur 20 to eur 12 saxo capital markets will raise the minimum commissions charged on stocks traded on the omx copenhagen stock exchange cse from dkk 19 to dkk 29 the reduction of commission for london stock exchange is almost half great now i only need half of the previous investment amount to achieve the same sales charge with this low commission i may also consider bond etf in london stock exchange when i need to add to my global bond asset class currently i use unit trust fund for global bond asset class below are the global bond etfs in london stock exchange that i may use ishares citigroup global government bond iglo ishares global inflation linked bond igil 7 comments posted in cost etf stock broker tagged commission cost etf londonstockexchange saxo stock broker portfolio review for 2009 posted on sunday 28 february 2010 8 25 pm 2 comments i am late in writing my portfolio review as usual it is divided into three sections expenses emotion and return let s dive into it expenses 2009 2008 number of buy 9 13 number of sell 1 1 turnover ratio 0 72 1 94 average holding period year 139 51 total expense ratio 0 58 1 45 expenses have gone down because of reduced number of transaction this also translates into lower turnover ratio and longer average holding period emotion after the financial crisis in 2008 one of the hot topic that surfaced in 2009 is buy and hold as shown in this google search result investor started to question the logic of buy and hold and when they saw the s p 500 index returned 1 4 per year from 1999 through 2008 many termed this as the lost decade for investors and went on to say buy and hold is dead but seriously who would invest in a 100 s p 500 index fund portfolio in reality when investors say buy and hold is dead many examples are given some use s p 500 index in the above example some use a basket of stocks etc so are all types of buy and hold dead we should ask what john bogle asks buy and hold what in the interview in is buy and hold dead where he explains which buy and hold is long dead before the financial crisis this just shows that how much noise there is in the financial media investors would be better off to tune out financial news see the last point of larry swedroe s new year s investing resolutions i am glad that i have adhered to my plan in 2009 and will do so in 2010 and beyond return 2009 2008 portfolio irr portfolio twr benchmark portfolio irr portfolio twr benchmark sgd 25 60 25 48 20 39 32 54 32 78 29 05 usd 28 92 23 58 32 35 28 85 both twr and irr returns include dividend and un invested cash holding irr and twr from this year onwards i will include another type of return time weighted returns twr in addition to the irr internal rate of return also known as money weighted returns or mwr or dollar weighted returns the difference between twr and irr is that twr is independent of contributions and withdrawals of money in the portfolio twr is therefore more suitable for comparing your portfolio return to a benchmark irr on the other hand measures the true return of your portfolio because it takes into account the effect of when you make contributions and withdrawals to the portfolio there a few methods for calculating twr i use the modified dietz method i refe...