Author: The Bedokian Portfolio

The SGX ETF Universe

There are almost 60 Exchange Traded Funds (ETFs) listed on the local Singapore Exchange (SGX). You can find them on the SGX webpage, under “ETFs”. To make things easier, I have a screenshot of the webpage in Figure 1.   Fig. 1 – SGX Listed ETFs (as at 7 Sep 2018, 5:06PM) From here, you can learn a few things on ETFs. #1 – ETF Providers The listed ETFs are typically prefixed with the name/abbreviation of the ETF providers, such as the IS Asia HYG, with IS being iShares; and SPDR being ETFs from State Street Global Advisors, etc....

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Introducing The Portfolio Multiverse

The Portfolio Multiverse is a concept in which an individual would plan, manage and organise his/her investment and trading portfolios based on each portfolio’s objective(s) and characteristics, and the individual’s risk appetite, risk tolerance, knowledge and allowable time for the portfolios, asset classes and/or financial instruments used in it (that is a mouthful, I must admit). This concept stemmed from my mental accounting bias and personally I felt it is easy to view one’s overall investment/trading picture. Is it difficult to start off this Portfolio Multiverse? Not really. In fact, if you are a salaried person and have started...

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Introducing The Portfolio Multiverse

The Portfolio Multiverse is a concept in which an individual would plan, manage and organise his/her investment and trading portfolios based on each portfolio’s objective(s) and characteristics, and the individual’s risk appetite, risk tolerance, knowledge and allowable time for the portfolios, asset classes and/or financial instruments used in it (that is a mouthful, I must admit). This concept stemmed from my mental accounting bias and personally I felt it is easy to view one’s overall investment/trading picture. Is it difficult to start off this Portfolio Multiverse? Not really. In fact, if you are a salaried person and have started...

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Does Investing In Corporate Bonds Contravene Value Investing?

I was asked this question not too long ago by a fellow investor during a coffee session, and when I first heard it, I was like “Okay…is it going to be something complicated?” After hearing out his explanation, I had gotten what he is trying to say. Basically and in gist;  a.    Corporate bonds are considered long term liability, i.e. debt, and;  b.    One of the rules of value investing is to find low debt or no debt companies.  So his question was if I follow (b), then investing in (a) would contradict my rule in (b). This is a very...

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Does Investing In Corporate Bonds Contravene Value Investing?

I was asked this question not too long ago by a fellow investor during a coffee session, and when I first heard it, I was like “Okay…is it going to be something complicated?” After hearing out his explanation, I had gotten what he is trying to say. Basically and in gist;  a.    Corporate bonds are considered long term liability, i.e. debt, and;  b.    One of the rules of value investing is to find low debt or no debt companies.  So his question was if I follow (b), then investing in (a) would contradict my rule in (b). This is a very...

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The Bedokian Portfolio Has Turned Two! And Some Smart Tips For You!

Two years ago today, I had launched The Bedokian Portfolio ebook and blog. A lot of things happened between then and now in the financial markets, to name a few: the bull run of 2017, the trade war, the introduction of local REITs ETFs, disruptive technology, etc. Despite these good and bad things happened around us, as investors we have to keep the course and stay invested, but we have to stay invested smartly against an unknown future. Here are some smart tips for you. Smart Tip #1: Stay Diversified Diversification is one of the key underlying principles of The Bedokian...

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The Bedokian Portfolio Has Turned Two! And Some Smart Tips For You!

Two years ago today, I had launched The Bedokian Portfolio ebook and blog. A lot of things happened between then and now in the financial markets, to name a few: the bull run of 2017, the trade war, the introduction of local REITs ETFs, disruptive technology, etc. Despite these good and bad things happened around us, as investors we have to keep the course and stay invested, but we have to stay invested smartly against an unknown future. Here are some smart tips for you. Smart Tip #1: Stay Diversified Diversification is one of the key underlying principles of The Bedokian...

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Another Bond ETF is Coming

Nikko Asset Management (Nikko AM) had just announced it would list an ETF on the Singapore Exchange (SGX) on 27 Aug 2018. The new ETF, called the Nikko AM SGD Investment Grade Corporate Bond ETF (which I will shorten it to “the Fund”), tracks the iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index. About This is a bond fund, similar to Nikko AM’s other offering, the ABF Singapore Bond Index Fund, which holds Singapore government and quasi-sovereign/supranational bonds.  The Fund is Singapore dollar denominated, meaning all of the underlying assets are in SGD, although 74.8% of them are issued...

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Another Bond ETF is Coming

Nikko Asset Management (Nikko AM) had just announced it would list an ETF on the Singapore Exchange (SGX) on 27 Aug 2018. The new ETF, called the Nikko AM SGD Investment Grade Corporate Bond ETF (which I will shorten it to “the Fund”), tracks the iBoxx SGD Non-Sovereigns Large Cap Investment Grade Index. About This is a bond fund, similar to Nikko AM’s other offering, the ABF Singapore Bond Index Fund, which holds Singapore government and quasi-sovereign/supranational bonds.  The Fund is Singapore dollar denominated, meaning all of the underlying assets are in SGD, although 74.8% of them are issued...

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The Straits Times Index

By now a few people had pointed out something about the Straits Times Index (STI), viewed as the representative of the local equities market; there is not enough diversification and it is overweight on certain sectors. Let us take a look, shall we?   Fig. 1 – Weightage of the STI1   The three main sectors of the STI are banks, industrial goods and services, and real estate, which constituted a total of 71.61%, quite a heavy concentration there. Banks, which consisted of the big three (DBS, UOB and OCBC), stood at 41.62% of the index, almost half! Extrapolating this...

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The Straits Times Index

By now a few people had pointed out something about the Straits Times Index (STI), viewed as the representative of the local equities market; there is not enough diversification and it is overweight on certain sectors. Let us take a look, shall we? Fig. 1 – Weightage of the STI1 The three main sectors of the STI are banks, industrial goods and services, and real estate, which constituted a total of 71.61%, quite a heavy concentration there. Banks, which consisted of the big three (DBS, UOB and OCBC), stood at 41.62% of the index, almost half! Extrapolating this onto the...

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Going Local, Global or Glocal

A number of investors I know of started their investment journey from the local financial markets, like equities and bonds listed in the Singapore Exchange (SGX), Singapore Savings Bonds (SSB) and the local bank fixed deposits. Some had ventured on to overseas markets while others stayed put. Coming from another angle, I know of a handful who began with foreign financial markets, in particular the United States (U.S.) markets. Again, some had “returned” with SSB and a mix of securities from SGX, while others just remained vested overseas. There are many reasons why the above preferences happen. Some say...

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Going Local, Global or Glocal

A number of investors I know of started their investment journey from the local financial markets, like equities and bonds listed in the Singapore Exchange (SGX), Singapore Savings Bonds (SSB) and the local bank fixed deposits. Some had ventured on to overseas markets while others stayed put. Coming from another angle, I know of a handful who began with foreign financial markets, in particular the United States (U.S.) markets. Again, some had “returned” with SSB and a mix of securities from SGX, while others just remained vested overseas. There are many reasons why the above preferences happen. Some say...

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It’s That Time of the Year Again

The first half of 2018 is coming to a close, and it is that time of the year again; yes, Bob will be rebalancing on 29 June 2018, the last trading day before the start of the second half, with an additional injection of $5,000. I had mentioned that Bob may consider investing in some individual company securities, but had yet identified any to invest in, so he will be going along with his original ETF strategy. The $5,000, plus any dividends collected, will be split among the asset classes. So watch out for Bob’s portfolio status here in...

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It’s That Time of the Year Again

The first half of 2018 is coming to a close, and it is that time of the year again; yes, Bob will be rebalancing on 29 June 2018, the last trading day before the start of the second half, with an additional injection of $5,000. I had mentioned that Bob may consider investing in some individual company securities, but had yet identified any to invest in, so he will be going along with his original ETF strategy. The $5,000, plus any dividends collected, will be split among the asset classes. So watch out for Bob’s portfolio status here in...

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