money Stock Market

[boybiyak]

The market tumbled big for me today. I lost $2.2K which brings down my YTD gain from $33.3K to $31.1K.

 

I think it is also important to document this here just to demonstrate that I am happy tbecause that means DISCOUNTS for my next purchase.

 

It is all about long term outlook guys. Did you know that prior to my $33K profit, I was actually down -$20K at one point this year during the height of Covid? It just goes to show you the market always recovers.

 

So yes, there are only 2 emotions for me in stock market investing and trading. One is HAPPY when market is up. And the other is HAPPIER when the market is down.

do you trade US stocks? what broker do you use for trading?

[Papa Popoy]

Eto nakalap ko about your taxes dyan.

 

Singapore personal tax rates start at [/size] a flat rate of 15% to [/size]22% for non-residents. (not 32% so Congrats!)[/size]

 

 

Sa US mataas nga. I am in the 24% tax bracket and at my age hindi na ako lalagpas dyan. However, progressive taxation din syempre and the government can still increase my effective tax rate even if I don't change tax brackets. This is why it is important to pay some taxes concurrently rather than defer all. (Effective) Tax Rates WILL RISE IN THE FUTURE EVEN IF ONE'S TAX BRACKET DOES NOT CHANGE.[/size]

 

Sa Pinas or sa Singapore wala yatang deferred tax gaya sa US so walang problema. Dito kasi they have this "deferred" tax which really is a way for the government to swindle people for more money in the future. They basically say don't pay tax now, defer them by paying them later. Well by that time, the government would have increased effective tax rates and hence the people will pay more taxes than if they had paid concurrently.[/size]

 

Some smart people found out this gimmick and hence they introduced the Roth Bill which basically gives options to people to pay taxes concurrently. I am currently 30% Roth, 70% deferred (or "traditional" as we would call it).on my retirement savings. I am to be in the 35% Roth, 65% deferred. The benefit of Roth? When the government increased effective tax rates in the future, my Roth savings will not be impacted because I already paid taxes on them.

 

Non-residents ang sinasabi mong 15% to 22%. For residents, 15-22% is not even the average for non-citizen. Majority ay nasa 7%, which is nasa 40k-80k annual salary (550sgd for 80k salary). Edited July 24, 2020 by Papa Popoy

[Papa Popoy]

The market tumbled big for me today. I lost $2.2K which brings down my YTD gain from $33.3K to $31.1K.

 

I think it is also important to document this here just to demonstrate that I am happy tbecause that means DISCOUNTS for my next purchase.

 

It is all about long term outlook guys. Did you know that prior to my $33K profit, I was actually down -$20K at one point this year during the height of Covid? It just goes to show you the market always recovers.

 

So yes, there are only 2 emotions for me in stock market investing and trading. One is HAPPY when market is up. And the other is HAPPIER when the market is down.

Bagsak ang US market dahil yata more than 4M na ang Covid cases...pero ang GLD patuloy pa rin sa pagwawala. 😂

 

Actually, iba ang point of view ko. Nung bago ako gusto kong bagsak ang market para makabili ako at a discounted price. Pero ngayon mas prefer kong continuously ang pag-angat. Why? Dahil compounded na ang kinikita ko. Lets say meron na akong 100k, mas gusto kong kumita ng 5k at maging 105k keysa malugi ng 5k at maging 95k. If magrecover ng 10k, i prefer na yung 105k ay maging 115k keysa yung 95k ay maging 105k. Kung bibili naman ako ngayon, Im sure mas mababa yung pambili ko sa 100k or what I mean is mas mababa sa kung magkano man ang laman ng portfolio ko. 😉 In short, ok lang para sa akin if the market is down, dahil alam kong magrerecover din naman. And of course, I am happy if the market is up.

Edited July 24, 2020 by Papa Popoy

[MRROUGHSEX]

do you trade US stocks? what broker do you use for trading?

I'm in US and use Bank of America's (BA) Merrill Edge. Merril Edge is a product of former Merril Lynch, an investment bank that used to be giant but then got suckered into 2008 financial crisis and got bought by BA.

 

Sa Pinas ka ba? I think there is a BA branch/branches there. Maybe inquire if you can set up an account with Merril Edge.

[MRROUGHSEX]

Non-residents ang sinasabi mong 15% to 22%. For residents, 15-22% is not even the average for non-citizen. Majority ay nasa 7%, which is nasa 40k-80k annual salary (550sgd for 80k salary).

Oh so Resident ka pala dyan. How many years before you become a Singaporean citizen?

[MRROUGHSEX]

Bagsak ang US market dahil yata more than 4M na ang Covid cases...pero ang GLD patuloy pa rin sa pagwawala.

 

Actually, iba ang point of view ko. Nung bago ako gusto kong bagsak ang market para makabili ako at a discounted price. Pero ngayon mas prefer kong continuously ang pag-angat. Why? Dahil compounded na ang kinikita ko. Lets say meron na akong 100k, mas gusto kong kumita ng 5k at maging 105k keysa malugi ng 5k at maging 95k. If magrecover ng 10k, i prefer na yung 105k ay maging 115k keysa yung 95k ay maging 105k. Kung bibili naman ako ngayon, Im sure mas mababa yung pambili ko sa 100k or what I mean is mas mababa sa kung magkano man ang laman ng portfolio ko. In short, ok lang para sa akin if the market is down, dahil alam kong magrerecover din naman. And of course, I am happy if the market is up.

Very interesting GLD is going up still. I am keenly observing that. Prior kasi when market started going down, GLD also goes down. When it goes up, it goes up. In short, tied up sya sa ETF ng mga equities. But now, I think there are more people investing in GLD separately that it creates its own upward moverment despite being weighed down by equity ETFs.

 

With regards to emotions, OK din yan, in fact that is the normal approach. As long as you acknowledge that down is part of the game and that it will recover again someday and that it does not bring you down. That is key mentally kasi. So good job Don PP! Kaya idolo ka ng mga residents dyan sa Orchard Residences eh.

Edited July 24, 2020 by MRROUGHSEX

[MRROUGHSEX]

Track nyo rito yung Retirement savings nyo. The purpose is not to compare but to show over time how the value goes up and down and maybe when people sees it has gone up over time, mas magiging confident investors sila.

 

So yung mga nakapag-umpisa na, why not join me. Then yung mga magsisimula pa lang or on the fence pa, monitor lang kayo dito and see why stocks work better than putting your money in time deposits, savings deposit, or worse, alkansya (meron pa rin yata).

 

Buy and hold strategy lang mga pre at mre. I just buy one Index fund - Large Cap - and continuously add kada sahod and hold untl I reach 55 years old (7 years from now).

 

Retirement Balance: 166K

[MRROUGHSEX]

For my non-retirement account, I pulled the trigger on GLD today Don PP.

 

Bale from 60% stocks, 20% bonds, 20% cash..my goal is to be adjusted to 50% stocks, 20% cash, 15% bonds, and 15% gold,

 

Happy investing to y'all!

[MRROUGHSEX]

Discounts guys! Buy na! SPY down 1.2% YTD. Happier Days are here again!

 

Non-Retirement

 

I bought at today's bottom and got my yesterday's loss of -$2.2K down to -1.6K.

 

Every stock market day is a celebration. the way I see it.

[MRROUGHSEX]

Non-retirement account

 

I have started consolidating my non-retirement funds into 1 platform starting Dec of 2017. This helps me know how I am doing for all my non-retirement acounts - college plan, savings plan, business plan, etc. without having to do much calculations. It also keeps it easy for me to make adjustments.

 

Just curious how I am doing na for all my non-retirement accounts in a historical lookback since that date to now.

 

This 2-Yr- and-8-mo period is quite balanced because market-wise:

 

2018 is bad

2019 is good

2020 1H is average

 

Outcome:

SPY = 28%

MRS = 60%

 

Analysis: 60% > 28%

Conclusion: MRS beating the market.

 

 

 

 

[jamesbalingit]

Best stocks to buy for this monday

Philippine Time

 

GTCAP

SM

AC

TEL

 

May the odds favor us the bold

[Boy_SPA69]

Good read itong thread na ito, sana pati yung mga Therapist. Mag-invest din sa stockmarket...

[MRROUGHSEX]

Best stocks to buy for this monday

Philippine Time

 

GTCAP

SM

AC

TEL

 

May the odds favor us the bold

Ok mga yan. Top blue chips.

[Papa Popoy]

Oh so Resident ka pala dyan. How many years before you become a Singaporean citizen?

Singaporean citizens, permanent residents and work pass holders are considered residents.

From work pass holders, you can apply PR after 6 months. From PR to becoming a citizen, not sure. I’m not checking kasi wala akong plan maging citizen.

[Papa Popoy]

Very interesting GLD is going up still. I am keenly observing that. Prior kasi when market started going down, GLD also goes down. When it goes up, it goes up. In short, tied up sya sa ETF ng mga equities. But now, I think there are more people investing in GLD separately that it creates its own upward moverment despite being weighed down by equity ETFs.

 

With regards to emotions, OK din yan, in fact that is the normal approach. As long as you acknowledge that down is part of the game and that it will recover again someday and that it does not bring you down. That is key mentally kasi. So good job Don PP! Kaya idolo ka ng mga residents dyan sa Orchard Residences eh.

What I noticed, during uncertain times like recession, war, trade war, pandemic, etc. GLD is becoming more valuable than most equities.

Walang umiidolo sakin na mga taga Orchard residences...mga taga Orchard tower lang 😂😂😂