Quick update - July 18

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What have I been up to this month?

  • Opened an account (in USD) with SAXO and reading up on some US companies (finally). In the meantime, I am trying to find out more on the custodian fees involved before dipping my toes. I have pretty much given up hope to buy SIPs through DBS Vickers, although I have been highly interested in ETFs and Warrants. They are very strict about financial backgrounds and not even passing the online assessment at ABS-SAS can qualify for the account 'upgrade'. It is kind of silly how they are promoting investment in ETFs on the Vickers website, yet the only way to get our hands on ETFs is to open a unit trust account and buy Nikko AM STI /Singapore Bond ETFs (sorry there's no other choices for the noob-investors) via the DBS Regular Savings Plan. The pro for buying SGX-listed ETFs is that there is no custodian fee. However, the con I guess is on liquidity.

  • I opened a CPF-IA some time ago with DBS bank and happily thought that I can start buying shares with my CPF monies.

    In anticipation of a market decline, I decided not to take any action then. When I wanted to buy some shares lately using my CPF-IA, I came to realize that I do not have that settlement account available in the drop-down options. With some searching, I finally found out that I have to fill a "Client Update Form" and send it back to Vickers so that they can link my accounts up. They should have just given me the form that time or offered an auto-link service. Thanks DBS for the lack of advice...

  • Added more Singtel (still in the red). Initiated small positions in ThaiBev and Yangzijiang. Looking at a few REITs and to buy into Keppel again (price plunged after ex-div). Overall portfolio remained in green despite specks of red.

  • Borrowed new books "Why We Want You To Be Rich" by Donald Trump and Robert Kiyosaki but still untouched.

  • Busy with handovers as I am transferred to another workplace tomorrow. I anticipate that in the upcoming weeks will be busy settling issues there and getting acquainted with some new work flows.
That's all I have for now, nothing too exciting. 


Fun fact: Do you know that panda is omnivorous?

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