I met recently with someone who is in 40s. He said he invest in US. When I said I sold my US stocks, then he said whyyy, u waste all the gainsss. I said I like to buy good fundemental stocks at discounted price. Like china and reits. Then he said china can invest meh? Seems like I still early in the china market, most people still scared of china. Even tho im in my 20s, my portfolio is 20% in US, 40% in Reits, 40% in China now. I feel that this is the proper way to invest right now. Short term difficult, but i believe long term I will be rewarded. Esp i still young, got 30+ yr timeframe
I'm 40 and I have a very similar pofolio as yours. I think China will be stronger in the future. I believe in the raise of the china technology growth and infrastructure advantage.
very good sharing! I just realize you are a new personal finance youtuber! everyone please feel free to give this boy a like and subscribe ^^ (his channel got cute doggie one kekeke)
@AlexAdulting if making money would be easy everybody would be rich by just investing. When people start judging you for making rational decisions in an unaffordable environment, you might be up to something 🤔 looking back at many crises, One can ask himself why wasn't every buying there it was so low ? I believe and hope the same will be true for China in a few years' time in retrospect. Invest the money you could afford to lose , check your thesis from time to time (valuetrap, etc), and dont look too much to the price volatility. Over time, price and value will eventually meet each other.
Different countries call it differently . In Europe you have Inheritance tax. IN Singalore . Govt has done away wirh Estate duty or estate tax but income generated post-death is still subject to income tax. I
Faced with an inheritance problem years ago. SGX support staff were very supportive and professional in helping to resolve the issues. That’s why I stay invested in SG market eventhough it's not super exciting 😆
most welcomed if u need more reading can check out this article quite detailed www.linkedin.com/pulse/essential-guide-singaporean-investors-avoid-costly-us-lee-cfp--e5fuc/
@@Tky_83 🤣🤣🤣Yes a lot of people do that but I think this problem applies to the high networth more than most of us. The tax laws in most countries exceeds more than 11 years clawback. So for the super rich you don't want to be caught. For most of us we probably sell off off quiickly provided your account is not with the local banks because your account will be frrozen upon your demise.
Thanks ML for your sharing. Your local banker also cannot advise you on tax matters. You may need a US tax consultant, especially high networth individuals. Most banks do not allow their bankers to play such advisory roles on tax matters.
yes as long as overseas market will have forex risk if singaporeans invest in sg banks/reits then no forex risk which is a good dividend strategy for someone that is retired and just wants safe passive income
Interesting points raised by ML about avoiding the US market, but I tend to see things differently. While ML's concerns about governance and economic issues in the US are valid, I believe in seizing opportunities where they exist. As the saying goes: Black cat or white cat, as long as it catches mice, it's a good cat (黑猫白猫, 捉到老鼠就是好猫). Markets are cyclical like you often mentioned, and a crash can often present incredible entry points for opportunists. As for China, there’s no doubt it’s advanced in many areas, but I think the key isn’t just a country’s level of development-it’s the mindset and governance behind it. Communism versus a capitalist democracy like the US brings very different dynamics, from economic policies to innovation and global influence. The maturity of the government, its ability to adapt, and the frameworks it provides for businesses to thrive also play a crucial role. Ultimately, the best strategy might not be about picking a side but staying flexible, diversifying, and moving toward markets with the highest potential upside at any given time. Just my 2 cents. 😆
I would certainly agree with you. Especially if you believe that we will be in. Buyers market for a couple more years or more than the ideal strategy is focus on asset rotation where opportunity arises. - across asset type, country , region or even industry. Do not be fixated in just one area. This is where index investing may be a thingi of the past.
Master, agree with your sentiment. But there are Dividend income ETFs too- JEPI JEPQ SPYI QQQI IWMI. Although there's your 30% Dividend tax, we still do get average 6-11% on these stable income ETFs. However I agree H-shares, CSI and Singapore Reits are all highly undervalued now
I do understand where ML is coming from. But having seen how US consume and on the other end China consume goods and services, lets just say at least for now, USA is winning. They have always been winning because its in their culture to spend spend spend whereas asians especially chinese consumption aint really up there... yet. Also, S&P 500 again hit record highs, BTC also hit 100k, so yeah... diversification is key. ps: i started DCA into S&P 500 and already up a litttttle bit. cant wait to see a correction and how i feel when that happens! Exciting times ahead!
SG stock market is boring as there is little participation of funds. Capital appreciation not high n only concentrated in a few counters. Reits, banks also have risks. Reits pay dividends but you loose principle if price drop. Usually，as owner reits sign with tenant a lease agreement for 3yr so short terms ok. Long term maynot pay as high dividend subject to market conditions. Reits are not very safe bet like what investors like to believe. For sharing
For HK/CN stocks it doesn't matter how good the fundamentals of a business, if nobody is buying in, its going down. Be flexible, buy into whatever works right now (Santa Claus Rally) and move to HK/CN stock when things are better. You can try to front run the market but don't all in as that is not a behavior of a investor but of a gambler.
HK market very similar to SG market Capital gains, Dividends, Estate all no tax (huat ah) but if u invest in china incorporated companies listed in hk like Haidilao, China Mobile, China Banks there is a 10% tax paid to CCP Alibaba/Tencent/JD those clayman island incorporated ones no dividend tax
There are some tax percularity you should be aware off if you are on the high networth category. Best to consult a tax consultant for the respective region because if you employ all sorts strategies like a Trust etc... as an example. There are post income tax issues.
master ahhhh ! i am in my 30s but share similar beliefs. I am starting to cash out my US portfolio. cannot be too one sided and always believe in the fundamentals !
Hi ML, as always great analysis. For Chinese stocks of my portfolio I have 75% in Baba, 25% in Tencent. Thinking to add Moutai as well, what are your thoughts? Also what you chineese stocks portfolio look like, what companies do you hold? Thank you!
alibaba ping an link reits icbc boc ccb details of my portfolio on my substack but only for paid readers moutai need to use rmb to trade so i avoid i focus on hk market and i covered consumer stocks like HDL and Yum China which have a lower valuation and better deal I feel
I agree . US outperformance is (in my opinion) based on big deficit spending and multiple expension. It's not always right to go against the crowd, but when you find yourself inside the crowd, it's time to reflect . Having said that, I decided already 2 month ago to sell out everything USD based except for a small oxy position. I am 50% cash and 50% stocks and 40% of it China . It feels currently easy to own US Stocks because they keep on climbing, but I can relate to what you are saying, although i look at it a little differently. I used to play pc strategic games as a child, and for me, investing is kind of like a strategic game. Having a long term plan but making short-term sacrifice like when you are conttarian you never get the lowest point but if you can hold on it will pay big time. Lets see ....
tiagong japan and china are the two biggest foreign holders of US bond, but they scared USD becoming toliet paper they slowly reducing US bond exposure riao kekeke
I met recently with someone who is in 40s. He said he invest in US. When I said I sold my US stocks, then he said whyyy, u waste all the gainsss.
I said I like to buy good fundemental stocks at discounted price. Like china and reits. Then he said china can invest meh? Seems like I still early in the china market, most people still scared of china.
Even tho im in my 20s, my portfolio is 20% in US, 40% in Reits, 40% in China now. I feel that this is the proper way to invest right now. Short term difficult, but i believe long term I will be rewarded. Esp i still young, got 30+ yr timeframe
I'm 40 and I have a very similar pofolio as yours. I think China will be stronger in the future. I believe in the raise of the china technology growth and infrastructure advantage.
@@Paper8484 no one in my age group have similar portfolio as me 🥹
very good sharing! I just realize you are a new personal finance youtuber!
everyone please feel free to give this boy a like and subscribe ^^
(his channel got cute doggie one kekeke)
@AlexAdulting if making money would be easy everybody would be rich by just investing. When people start judging you for making rational decisions in an unaffordable environment, you might be up to something 🤔 looking back at many crises, One can ask himself why wasn't every buying there it was so low ? I believe and hope the same will be true for China in a few years' time in retrospect. Invest the money you could afford to lose , check your thesis from time to time (valuetrap, etc), and dont look too much to the price volatility. Over time, price and value will eventually meet each other.
@@MasterLeong888 Just me journaling my life for fun only 😅. But thanks for the shout out.. you r my inspiration 👍. Changed my perspective alot :)
Thank you for sharing.
Thanks for sharing❤
Very good sharing !
ML great sharing. Didn’t know about the US Estate tax
Different countries call it differently . In Europe you have Inheritance tax.
IN Singalore . Govt has done away wirh Estate duty or estate tax but income generated post-death is still subject to income tax. I
Faced with an inheritance problem years ago. SGX support staff were very supportive and professional in helping to resolve the issues. That’s why I stay invested in SG market eventhough it's not super exciting 😆
most welcomed if u need more reading can check out this article quite detailed
www.linkedin.com/pulse/essential-guide-singaporean-investors-avoid-costly-us-lee-cfp--e5fuc/
For the estate tax topic, workaround is login to that person broker account and sell everything and withdraw the money.
@@Tky_83 🤣🤣🤣Yes a lot of people do that but I think this problem applies to the high networth more than most of us. The tax laws in most countries exceeds more than 11 years clawback. So for the super rich you don't want to be caught. For most of us we probably sell off off quiickly provided your account is not with the local banks because your account will be frrozen upon your demise.
Thanks ML for your sharing. Your local banker also cannot advise you on tax matters. You may need a US tax consultant, especially high networth individuals. Most banks do not allow their bankers to play such advisory roles on tax matters.
Forex risk is also present with HK or China stocks.
yes as long as overseas market will have forex risk
if singaporeans invest in sg banks/reits then no forex risk
which is a good dividend strategy for someone that is retired and just wants safe passive income
First to see the white miao miao here on ML video.
Interesting points raised by ML about avoiding the US market, but I tend to see things differently. While ML's concerns about governance and economic issues in the US are valid, I believe in seizing opportunities where they exist. As the saying goes: Black cat or white cat, as long as it catches mice, it's a good cat (黑猫白猫, 捉到老鼠就是好猫).
Markets are cyclical like you often mentioned, and a crash can often present incredible entry points for opportunists.
As for China, there’s no doubt it’s advanced in many areas, but I think the key isn’t just a country’s level of development-it’s the mindset and governance behind it. Communism versus a capitalist democracy like the US brings very different dynamics, from economic policies to innovation and global influence. The maturity of the government, its ability to adapt, and the frameworks it provides for businesses to thrive also play a crucial role.
Ultimately, the best strategy might not be about picking a side but staying flexible, diversifying, and moving toward markets with the highest potential upside at any given time. Just my 2 cents. 😆
I would certainly agree with you. Especially if you believe that we will be in. Buyers market for a couple more years or more than the ideal strategy is focus on asset rotation where opportunity arises. - across asset type, country , region or even industry. Do not be fixated in just one area. This is where index investing may be a thingi of the past.
RUclips - Another Bank Outage Has Just Left Millions Of Americans Without Money - Epic Economist - 6 December 2024 ⛔
Master, agree with your sentiment. But there are Dividend income ETFs too- JEPI JEPQ SPYI QQQI IWMI. Although there's your 30% Dividend tax, we still do get average 6-11% on these stable income ETFs.
However I agree H-shares, CSI and Singapore Reits are all highly undervalued now
I do understand where ML is coming from. But having seen how US consume and on the other end China consume goods and services, lets just say at least for now, USA is winning. They have always been winning because its in their culture to spend spend spend whereas asians especially chinese consumption aint really up there... yet.
Also, S&P 500 again hit record highs, BTC also hit 100k, so yeah... diversification is key.
ps: i started DCA into S&P 500 and already up a litttttle bit. cant wait to see a correction and how i feel when that happens!
Exciting times ahead!
Love ML anti US stance. China FTW.
SG stock market is boring as there is little participation of funds. Capital appreciation not high n only concentrated in a few counters. Reits, banks also have risks. Reits pay dividends but you loose principle if price drop. Usually，as owner reits sign with tenant a lease agreement for 3yr so short terms ok. Long term maynot pay as high dividend subject to market conditions. Reits are not very safe bet like what investors like to believe. For sharing
Invest into area u know best regardless of country. 😊😊😊
👍
For HK/CN stocks it doesn't matter how good the fundamentals of a business, if nobody is buying in, its going down. Be flexible, buy into whatever works right now (Santa Claus Rally) and move to HK/CN stock when things are better. You can try to front run the market but don't all in as that is not a behavior of a investor but of a gambler.
ML, It would be great you can do a video on FX hedging. Thanks
sure in the future i will cover this topic ^_^
welcome to ML personal finance kekekeke
what about hk , no estate tax?
HK market very similar to SG market
Capital gains, Dividends, Estate all no tax (huat ah)
but if u invest in china incorporated companies listed in hk like Haidilao, China Mobile, China Banks there is a 10% tax paid to CCP
Alibaba/Tencent/JD those clayman island incorporated ones no dividend tax
@@MasterLeong888 I think China Mobile is incorporated in HK, not China
There are some tax percularity you should be aware off if you are on the high networth category. Best to consult a tax consultant for the respective region because if you employ all sorts strategies like a Trust etc... as an example. There are post income tax issues.
meta I have 500 lots at 313. so should I cont hold?
Up to u lor, i would take profits riao 😂😂😂
👍👍👍
I almost forgotten about the estate tax. Thanks for the reminder ML! KAMEHAMEHA!
most welcomed ^^
master ahhhh ! i am in my 30s but share similar beliefs. I am starting to cash out my US portfolio. cannot be too one sided and always believe in the fundamentals !
I will give baba another quarter. Trimming my stake if this 88 still underperform.
after chinese new year see how, year of snake is next haha
how to optimise ...er ... feeding the cats lol
Alot people do not know US got estate tax.....alot of them are Gen Zs
Financial Community seems to believe the tariff will be positive for the US with no repercussions. Second level thinking is very important
Master ah...., chicken can die also. Then no more eggs already...😂😂
yes that's why must find solid blue chip chicken with healthy balance sheet and fundamentals, not easy fall sick and die one hahaha
Hi ML, as always great analysis. For Chinese stocks of my portfolio I have 75% in Baba, 25% in Tencent. Thinking to add Moutai as well, what are your thoughts?
Also what you chineese stocks portfolio look like, what companies do you hold? Thank you!
alibaba ping an link reits icbc boc ccb
details of my portfolio on my substack but only for paid readers
moutai need to use rmb to trade so i avoid
i focus on hk market and i covered consumer stocks like HDL and Yum China which have a lower valuation and better deal I feel
I agree . US outperformance is (in my opinion) based on big deficit spending and multiple expension. It's not always right to go against the crowd, but when you find yourself inside the crowd, it's time to reflect . Having said that, I decided already 2 month ago to sell out everything USD based except for a small oxy position. I am 50% cash and 50% stocks and 40% of it China . It feels currently easy to own US Stocks because they keep on climbing, but I can relate to what you are saying, although i look at it a little differently. I used to play pc strategic games as a child, and for me, investing is kind of like a strategic game. Having a long term plan but making short-term sacrifice like when you are conttarian you never get the lowest point but if you can hold on it will pay big time. Lets see ....
👍👍👍🙏
Agree. Forex risk very important. Good to have some shares in sg❤ white kitty very nice ❤ black cat or white cat can earn money can liao.. 😊
Some of the money US gain from taxpayers will be paid as interest to US bonds holder like China, etc 😁😁 so who gain more in the end?
tiagong japan and china are the two biggest foreign holders of US bond, but they scared USD becoming toliet paper they slowly reducing US bond exposure riao kekeke