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I always say that I don't know everything there is to know. I am not humble. I am just being honest. I am also not a very good investor. Again, I am not humble. I am just being honest.
So, when I get very difficult questions, I like to share the questions and hope that I will learn from other people who might have answers.
Here is a message from a reader:
Dear AK,
Hope all is well with you. I attended the second chit chat session that you organised. If you remember, I was the one who asked you about Malaysian Ringgit. I had some back then and eventually I remitted it out to Sg in US$ as I hope I can make some forex gain eventually.
If I were to ask any relationship managers what to invest in, they will advice that I buy products like bonds or funds that give out dividends. If I were to suggest US bank stocks, they will suggest products like structure notes which band 3 bank stocks and gets too complicating for me. My experience with relationship managers have never been good and most of the time I ended up losing or ended in positive territory after taking interest earned into account.
I am thinking of putting it in stocks and since with US$, I can only either purchase stocks listed in NYSE /Nasdaq or US$ denominated stock in SGX. I have shortlisted a few US$ counters in SGX and am of course leaning more towards the first two that give much higher dividend and perhaps GM. I would love if I can hear your view and advice especially on HPHT.
At this stage, I don't want too much risk and am more into capital preservation and hoping to get good dividends. Please feel free to make any other suggestions.
SGX
Hutchinson Port Holdings Trust 9%
Mandarin Oriental International 4.33%
Jardine Strategic Holdings 0-89%
Jardine Matheson Holdings 2.68%
HongKong Land Holdings 2.36%
Dairy Farm Internationals. 2,64%
NYSE
General Motors 4.58%
General Electrics 3.5%
Source: Bloomberg.
I had meant to write to you weeks ago but was kinda pei she to trouble you and to pick your brain but I know you have always been most generous with your sharing and so I have finally done it ! Thanks for sparing me some of your time
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| Second "Evening with AK and friends" early this year. |
My reply:
I am sure you gave the matter much thought before converting your Ringgit to US$. I am happy for you.
With regards to your question on what to invest in, I believe you are right to avoid bond funds.
I don't know about the other stuff you asked about apart from HPH Trust. You could do a search in my blog for this and you will see what I think of it.
If you like, I could extract some bits of your message to me and share them on my blog to see what others have to say. I don't know everything there is to know, for sure.
If you are interested in dividends and you want to make sure you are doing it properly so as not to put your capital in jeopardy, you might want to consider signing up for Dividend Machines. See: A second chance to create your own Dividend Machines.
So, if anyone has any good ideas to share, please feel free to do so in the comments section.
Related posts:
1. Second "Evening with AK and friends".
2. Nobody cares more about our money than we do.
3. HPH Trust: Storm clouds over a safe harbour?
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