Chloe Liying Lin: Hey? Okay, fantastic. Okay, you can see that today. My background is slightly different because I am in jb, I think the beautiful part about investing and and like being a digital nomad as you can be anywhere. And at the same time we can still communicate and and interact like that. I really love that. And I felt that Jb is super super affordable to leave. And you have a very nice Avm. At the same time, at the phone
Chloe Liying Lin: fraction of the price in Singapore. So for those who haven't considered Jb, yet, maybe you can come, come and just experience a little bit. Alright. Okay. Now let's get started. Welcome to Malaysia. Hello! Oh, Malaysia! Good to see you. Alright. Now let me just share my screen, and if you can see it. Okay, now let me just make sure I share. First, st
Chloe Liying Lin: there we go. Okay. Are you able to see my slides? If you can see I can type, as in the chat
Chloe Liying Lin: I will see my slides.
Chloe Liying Lin: Yes, alright, thank you very much. Alright. So today, alright, these monthly portfolio coaching is really about learning how to build an indestructible portfolio right? Like how to build your wealth in a very, very safe way. How many of you would love to achieve that? Okay, if you love it can type I in the chat. Okay, I sense all indestructible right? That means
Chloe Liying Lin: you cannot ruin your portfolio. Right? So that means you. You are here to set your portfolio into grow in a very, very pave and in a very safe manner, right? So fantastic, so exactly! How are we able to do that now?
Chloe Liying Lin: Why.
Chloe Liying Lin: what? And whenever I actually structure my, my, my sharing, it's always true, your feedback. So I really love all of you guys to actually know, like some of you actually contributed to the recent form that I submitted inside the chat so that I can tailor make these sharing as well as our coaching for you. Right? So one of you guys actually say, right like you, what are the challenges they are facing right now. One of the challenge is.
Chloe Liying Lin: the person want to profit from the stock market right now I wanna ask how many of you would love to profit from the stock market. If this is, you can type P in the chain a piece of profits
Chloe Liying Lin: right? Exactly. Ronald. Katie Kevin. Everyone right who doesn't want to profit from the stock market.
Chloe Liying Lin: However, something very interesting is
Chloe Liying Lin: the greatest investor on Earth. Warren Buffett.
Chloe Liying Lin: do you think he's intention is to profit from the stock market like the original intention. What do you think.
Chloe Liying Lin: do you think? Originally he wanted to profit from the stock market? Obviously, yes, alright. However, over time. Actually, as he become better and better, he's continuing to learn from mentors. Right? He slowly shift his perspective towards investing. And that's why he has this very famous rule, right? Guys, anybody remember what is his rule? Number one.
Chloe Liying Lin: why is he screw number one?
Chloe Liying Lin: Rule number one is
Chloe Liying Lin: never lose money, right and rule number 2 is never forget rule number one, right? So while most investors, most people out there constantly thinking about, how can I make money? How do I profit
Chloe Liying Lin: the giants? Right? The wisest investors on earth? They think about how not to lose money, how how interesting and how intriguing is that right. And the reason why he actually has this philosophy is over time he comes to learn from like one of his best mentor. In fact, best partner right, who passed away last year. He's a Miss Charlie Monger, right? And Charlie Monger said.
Chloe Liying Lin: everyone is trying to be smart.
Chloe Liying Lin: I'm just trying not to be stupid.
Chloe Liying Lin: and because of that he and Buffett become the best investor on Earth right has consistently been able to outperform and consistently be able to make money from the stock market. So this is called reverse thinking being contrarian. Can everybody have seen a check? They see sense for contrarian so as much as we want to make money from the stock market.
Chloe Liying Lin: Actually, the most important thing that we need to do right is learn how to not lose money from a stock market.
Chloe Liying Lin: So, guys, can you tell me
Chloe Liying Lin: how to lose money in the stock market? Then right in order for us to not do that, we just need to firstly know. Oh, how how are we going to lose money? Tell me where I'm going to die, and I will not go there. This is what manga as well. He said it to. Right. So, guys, can you tell me how to lose money in the stock market can put in the chat
Chloe Liying Lin: how to lose money.
Chloe Liying Lin: because
Chloe Liying Lin: as long as you know it.
Chloe Liying Lin: you will learn to avoid it. Right so. Some of you say, listen to the noise. Very good. Some of you say sell when stocks drop exactly right, and some of you say, buy everything. So this is in a very technical and analysis. Manner. Right? You're going to lose money like that. Alright. What else? What else? Somebody give you? A very funny and smiley face.
Chloe Liying Lin: Now, I personally also felt that like, especially number 2, when Ronald say, right when stops drop
Chloe Liying Lin: when you sell it, and especially if you know that actually like, if you never study deep enough. Of course you will. Your condition will. You will be swayed, however, if you actually study the stock deep enough when the stocks drop, and you actually sell it. That is the most painful part, because a good company will always recover. And this is actually one of the mistakes I used to make that
Chloe Liying Lin: such a great company. But my conviction was being tested when the stock market drop, and they eventually saw it off, and after that right the stop soon swing up flew up a lot, right? So that is when right it's good that we always what? As much as we want to make money. We always want to make sure we learn how to not lose money right? How many of you understand what I mean. If you understand contact you in the chat
Chloe Liying Lin: I? So that's why I think the 1st thing that
Chloe Liying Lin: you can start doing as an investor right as to really start to reflect.
Chloe Liying Lin: What are some of the mistakes that you ever made
Chloe Liying Lin: in your investing career?
Chloe Liying Lin: Can you put it in the chat right? What are some of the steel mistakes that you used to make some of you already started. Say, you started. You already stated some of it. Right? Listen to the noise. Some of you say, right, Fomo, right. And now.
Chloe Liying Lin: after this is
Chloe Liying Lin: all those mistakes that you are reflecting right now actually set as a very, very important foundation to remind yourself not to repeat it afterwards.
Chloe Liying Lin: because this is also how we improve. That's what Charlie Monger said. It's okay to make mistakes. However, you just wanna make sure you really learn from it, so that you can prevent
Chloe Liying Lin: ourselves. We can prevent ourselves from being stupid again. We will still make mistakes, but at least our mistakes will become smaller and smaller. And that's how your profits will come up. Right? So I want you guys to, even after today.
Chloe Liying Lin: start to reflect, what are some of the mistakes that you make before? And how
Chloe Liying Lin: can you overcome that in the future? And what did you learn from it? Right? So this is one of your homework. If you understand this homework and type. Hw, in the chat. Okay, this is one of what really start to reflect. Now.
Chloe Liying Lin: after that, right? As we continue to reflect.
Chloe Liying Lin: it's also good to look at the current market condition right now, right? Which is what these this coaching is about right, so you can see that for the Us. Market. The market has gone up quite a bit right since since last year, and right now, if you look at the buffer indicator, you can see that our valuation of the market is at the
Chloe Liying Lin: high valuation range, right? Plus one standard deviation. Okay, over here, let me just write out for you. Drop for you plus one standard deviation. This means it's already pretty over value. Right? If you have reached the plus 2 standard deviation.
Chloe Liying Lin: That means the market. It's actually pretty much over value. Right? And previously, when it reached to this area, which is about the COVID-19 slightly after COVID-19 period. And that's how the stock market drop a lot right? And right now, once again, we have almost reaching the plus 2 sender division.
Chloe Liying Lin: So the market is pretty over value. Now, if you look at the Sheila PR. Which is
Chloe Liying Lin: also another way of looking at whether is the market expensive or cheap, which it's by looking at PR. And if you look at the PR. Right now, guys at PE. 35 guys can't tell me, is this, consider cheap or expensive? What do you think?
Chloe Liying Lin: C or E,
Chloe Liying Lin: cheap or expensive?
Chloe Liying Lin: Exactly right. It's actually at the expansive region.
Chloe Liying Lin: And if you look at November 2021, when P. Ratio actually reached at about 38,
Chloe Liying Lin: 38 times right, and then, after that the market actually started to correct itself. So right now, the market has climbed up a lot. It's once again reach to a pretty expensive region. Now. So what does that mean? Should we be selling right now, guys, what do you think? Should we be selling? Yes or no.
Chloe Liying Lin: since the market is expensive. Should we be selling
Chloe Liying Lin: alright? Some portions? Okay. So kp, say, maybe click, consider some portion of it right? Some of you say, I can sell some. Okay paid. So so also say, say that right? So now let's take a look. Should we be selling? So it really depends on what is your portfolio and location percentage right now. So later on, let's take a look at together. Okay? Because some of you guys also say that you're not sure about the market condition.
Chloe Liying Lin: and that's why I'm able to decide when to buy and when to sell, so which boils down to right now, based on the current market condition, right? Based on the current direction. Right should we be selling, or should we be buying? Now? It really depends. Firstly, Warren Buffett has already given us this answer.
Chloe Liying Lin: It will be very, very steady to trying to time the market right? Because no one can truly time the market, isn't it? How many of you agree, if you agree, can type a in a chat, right? An expensive market.
Chloe Liying Lin: If
Chloe Liying Lin: the economy is still doing well right, everything is being substantiated. Well, it can continue to go up right. That is one of the thing, right? And yeah, doing a bear market. It can continue to go down so nobody can truly time the market. So what we want to do is we want to find reference point right? So the best way to find reference point is actually from the investing stage himself, which is, who is war buffet? Right? So how much is one buffer investing right now? And how much is he keeping it as cash
Chloe Liying Lin: from there we'll be able to better understand. How should we structure our own portfolio? And if you see currently from but
Chloe Liying Lin: his cash and cash equivalent is
Chloe Liying Lin: at about 34%
Chloe Liying Lin: and his equity securities. That means how much percentage is he investing is about 63% right? And then he has very short them fixed majority securities. That is only 3%. So I think this one, we can roughly just ignore it. We just want to focus on these 2 major allocation cash versus equity. Right? So in this case
Chloe Liying Lin: Buffer is not selling massively as well. He did trim down his allocation a bit. Can you see that this is the the blue blue line? Is he's a equity percentage. Right? So from 75.
Chloe Liying Lin: It start to come down right now at about 63%.
Chloe Liying Lin: But nevertheless he is still staying. Invested majority of his money is still invested in the stock market, and at the same time the cash and cash equivalent slowly climb up a little bit right now to about 34%, right? So using this as a reference, that means we should be also consider to invest
Chloe Liying Lin: right, based on how much percentage that buffer is allocating. Right? So when I was asking this question, I realized, some of you are 100 investor now, this one. It's a little bit.
Chloe Liying Lin: too, I think, too way, too, in too much, because when you are 100 investor.
Chloe Liying Lin: when the market correct.
Chloe Liying Lin: which, if they keep on timing eventually, it will correct right when the market correct, you will have no additional bullets to
Chloe Liying Lin: fire when the market becomes cheaper, right? And the you can end up having a lot of emotional roller coaster, because you really want to take action. But then you cannot take any more action because you 100% right? So if this is you right now, you should actually consider trimming like, take out some profits if you already have, or some of the stocks position that you felt that oh, maybe has
Chloe Liying Lin: outgrown your initial portfolio allocation percentage. You should actually consider trimming a little bit right. On the other hand, if you are not investing a lot yet, for example.
Chloe Liying Lin: over here, actually, I think most of you guys are pretty okay. 25% cash, 75% investor. For example. Hey, this this person, they i i i do not name it, because this is quite a private confidential right. However, if this is you right, that means you have a lot of cash, 75% cash and only 25% investor. You can afford to invest
Chloe Liying Lin: more right? So don't try to time the market too much by constantly trying to wait for the market to drop, because we don't know. How long do we have to wait? You just wanna make sure you continue to stay invested. So in this case your 25. Can you start to allocate a little bit more month by month? Right? You don't need to throw the entire balance amount going to the top market right now, but you can always do dollar calls averaging.
Chloe Liying Lin: and this is the beautiful part about etf right that when you do, dollar cost averaging over time. That's how you are able to really make money in a very, very consistent way, right by by not time in the market. Right? And, of course, very importantly, whatever amount that we are talking about
Chloe Liying Lin: excludes the rainy day funds right? That means it's not for your whatever health care maybe your children's education right? Just wanna make sure you set aside those amount. You do not invest them right? Because investing can be volatile, especially short term. Right. So let's say, if you really need those money urgently, you should not be investing those money. In the 1st place, right? Because Warren Buffett of investing is long term.
Chloe Liying Lin: So, guys, can you tell me, how long should you be investing minimumly minimum need?
Chloe Liying Lin: How long
Chloe Liying Lin: minimum lead
Chloe Liying Lin: that the investing horizon?
Chloe Liying Lin: Some of you say 30 years. I agree. Right? Let's say some of you don't have 30 years, let's say you say. Oh, I only have 10 years or or or so. Right then, I think at least you should be looking at at least 10 years. So these kind of money should be something that you don't
Chloe Liying Lin: intend to touch in the next 10 years ideally right or more right. If you really need to touch this right. That means these kind of cash need to be like less than 5 years, you should not be even investing them. In the 1st place, right? So that you have a very, very piece. I have a peace of mind when it comes to investing right? So that's why, based on buffets. Way of allocation.
Chloe Liying Lin: 65%, you can go and invest.
Chloe Liying Lin: and 35% you should keep as
Chloe Liying Lin: alright. So can everybody type 65, 35, right? So the situation always changes as a market evolve. So that's why we will stay up to date so that we can use buffet
Chloe Liying Lin: wisdom as a reference as well. So 65, 35. So your homework is to go and find out really about your current portfolio allocation percentage. What is your percentage? Are you under investing right now, or are you over investing right now.
Chloe Liying Lin: if you are over investing, what what can you trim right? What profits can you take right? Or if you're under investing, then what can you do to start buying more? Even during this kind of high high valuation period you can just continue to use etf to dollar cost averaging right? So that is the best way. Right? So this is your homework. Number 2. Okay, can everybody type? Hw, 2, right. This is your homework, too.
Chloe Liying Lin: I go and go and find out, so that you can see what should you do with your portfolio right now.
Chloe Liying Lin: The next thing is. Now let me give you my current update of my portfolio allocation.
Chloe Liying Lin: So what happened is
Chloe Liying Lin: when I was looking to, I realized that, okay, right now, my etf percentage of my entire portfolio is about 58%.
Chloe Liying Lin: And then for my stocks, I still have individual stocks. Right? This is about 10%, right? I have actually gradually shifted majority of my portfolio to to be etf. So I don't need to monitor right? And then I still have cash right. I still have cash. And I do put in quite a big amount of money into Ios as well. Basically, what is I fast just
Chloe Liying Lin: another way of money market funds? Right. So I invest money market funds through. Ifs, it doesn't matter what whichever vehicle that you want to use, it's the same. Basically, it's just money market funds, so I consider them them to be very liquid. I can take up any time, and that's why this is also part of the cash.
Chloe Liying Lin: And as a result. Okay, these occupy about 30.8 6% of my portfolio. Right? So by just looking at it, I think I am still okay. Right? Probably I just need to either accumulate more cash. That means I go and make more income. Right? Then I can. I will be able to increase this percentage to 35, or maybe I can consider reducing some of
Chloe Liying Lin: my spot holding or etf, holding to adjust to 65 to 35. Now, once again, the 65, 35.
Chloe Liying Lin: It's not a hot and fast rule.
Chloe Liying Lin: If you want to adjust a little bit, I think it's okay. By it can be 30%, 70%, 60%, 40%, whichever percentage allocation that
Chloe Liying Lin: you, you yourself are comfortable. Right? So for myself, I think current allocation is, I'm quite comfortable with it, so I don't see the need of really have to make major changes to my portfolio in order to suit the 65, 35. Right? So that is just for myself. It depends on you as well. But everybody is different right? So now.
Chloe Liying Lin: So what happened previous month. Right?
Chloe Liying Lin: Remember everyone. We will go through this for those one. If you're new. It's okay, right? Because we will go through the foundation 1st in July during our book. Cam right, however, right now is like a spontaneous jump in for, you guys, it's still fine. Right? Just go and try to follow as much as possible. If you really do not understand everything, I think it's fine, because you still have time. Right. We will go through this slow.
Chloe Liying Lin: slowly and surely, in the next one year, as we continue to do this together, right? So now the 1st thing is right. The 1st thing is.
Chloe Liying Lin: this is my eta portfolio game plan.
Chloe Liying Lin: and I have my etf, which is stated over here right? Some of them. It's it's already listed here. And I also have my individual stocks. Right? All these are some of my individual stocks that I'm holding right. Basically, this entire thing is my portfolio right now, so you will be able to see that majority of my portfolio is actually inside Etf and the the Etf that I'm heavily investing right now.
Chloe Liying Lin: it's XSP. Lg, so SP. Lg, is basically the S. And p. 500. Just that. When I buy this, the expense ratio is the lowest.
Chloe Liying Lin: which in the long run is safe. More cost right? So that's why I chose this. But you can choose any other ticker symbol which is spy. Vo, it really doesn't matter right. For myself, I also have a little bit of vo, right? Why is it so? Is because I use the
Chloe Liying Lin: automatic investing method every single month. I just use we boo. I just use Mumu to buy a little bit of vo, right? So that I don't need to time the market, the app
Chloe Liying Lin: automatically help me buy. So in a in the long run, I think it's also a very good way of accumulating etf in whatever amount that you're comfortable with. Let's say you're comfortable with $300 a month. It will just automatically use $300 to buy vo, right? So for myself, I think it's very easy to do this, so I just let it and let it run
Chloe Liying Lin: right. So previously, what happened was if you can. If you see that previously I had, I actually took certain traits together. Right? The 1st thing is, I actually bought
Chloe Liying Lin: 150 shares of flch. Right? So, guys, anybody remember, what is Fl.
Chloe Liying Lin: what does this etf do?
Chloe Liying Lin: What country etf is this?
Chloe Liying Lin: Anyone? Remember?
Chloe Liying Lin: Yes, exactly. Alright. So this is the china etf, and it's almost like a entire total china market with 900 over companies inside. So I felt that it's
Chloe Liying Lin: very, very diversified, right? Very safe. And at the same time the valuation of china is so cheap, and that's why I just buy it right. I just bought it. I bought it. I bought another 150 shares, so right now I have about 600. I have 600 shares of Sf. Flch, and then at the same time, last month, all right. I also sold my fxi.
Chloe Liying Lin: Put option right, using the aligot buffer. Option strategy abos right? And I sold to contract.
Chloe Liying Lin: And right now, right on the spot, when I sold it in front of you guys together with you guys, last time, right? Last month I made about $164 in terms of premium.
Chloe Liying Lin: However, if you observe the stock price of fxi, what happened in the past one month. Guys, anybody have been monitoring China. What happened to China? Stock price?
Chloe Liying Lin: Did it go up or do you go down? Yes, it actually fell right. So as the result, what happened was, if I want to close my position right now, close means I buy back initially, I sell my right. So this is exactly what happened when I sold it. You can see this is my fxi cell. Put option, and it's expiring
Chloe Liying Lin: in
Chloe Liying Lin: one week's time. Right? 24th right? And then I sold a pool option
Chloe Liying Lin: at $29. This is what I mean.
Chloe Liying Lin: So, guys.
Chloe Liying Lin: when I sell a pool option at 29. That means I promise to buy the stocks at $29.
Chloe Liying Lin: But right now, today, how much is is fxi
Chloe Liying Lin: today? Fxi is over here $26 and 46 cents, right? $26 and 46 cents. So if that's the case, I promise to buy a 29. But today is $26.
Chloe Liying Lin: So if I want to close the option contract and buy it back, I will be losing money.
Chloe Liying Lin: Exactly how much I lose. Alright. So based on today, I last check alright, I will lose 200 over percent. Now, how many people felt that these 200 is a bit scary, if you think is a little bit scary type, as in the chat.
Chloe Liying Lin: how come? So now? The thing is, I think, option. Sometimes it can make you feel like, well, how come you do so much money, or what? How come you? You get 100 right? It's it's just the number.
Chloe Liying Lin: As long as you understand why you are doing this, actually, that 200 negative 200 is totally okay. So guys, remember when I execute these selling put options.
Chloe Liying Lin: what am I promising to do? What do I want to do? Actually.
Chloe Liying Lin: what is it that I want to do?
Chloe Liying Lin: Aha!
Chloe Liying Lin: Yes.
Chloe Liying Lin: I want to buy the stock.
Chloe Liying Lin: So when I want to buy the stock
Chloe Liying Lin: and I'm buying up
Chloe Liying Lin: etf of China, which comprises of Okay, what does fxi's have in terms of its holding. Firstly, it has 10 zen right over here. The top holdings is 10, about 10 in 10, and then another 8 point something in Baba.
Chloe Liying Lin: and then 8 point something percent in May 21 this is China banks. Jd, net east. So basically, all those giants in China. It's all inside these etf. Right? So when I
Chloe Liying Lin: want to buy these etf, do I invest for the short term? Or do I invest for the long term?
Chloe Liying Lin: What do you think?
Chloe Liying Lin: Can I invest for the long-term, or do I invest for the
Chloe Liying Lin: shot them? Yeah, exactly.
Chloe Liying Lin: It's for the long term. And, in fact, last month I already mentioned. Right? It has to be a very long term game, because I seriously don't know. How long will China take to recover?
Chloe Liying Lin: However, I believe that in the long run right, China will continue to be prosperous.
Chloe Liying Lin: because Chinese people are just very eager to improve. They want their standard of living to improve, and I don't think Chinese Government want to ruin its own country right. It still want the economy to continue develop right? So in the long run when the businesses become more wealthy, right? When the economy continue to become better.
Chloe Liying Lin: the stock market eventually will follow. Right? So that's why, when I'm looking at China. I'm looking at at least a decade long kind of horizon. So I felt that right now, with the market dropping so so low, right, which is almost 50% off from 5 years ago. Right? So 5 years ago, you buy it at 100. Right now, you buy it at 50% discount. Right? So I was like,
Chloe Liying Lin: why not? Right? So that's why, even though right now
Chloe Liying Lin: I am losing 200, all percent. If I were to buy it back.
Chloe Liying Lin: But do I need to buy back? Do I have to close my position? Yes or no?
Chloe Liying Lin: What do you think should do I need to close my position at a loss.
Chloe Liying Lin: The answer is.
Chloe Liying Lin: No, exactly.
Chloe Liying Lin: I don't need to close my position. That means
Chloe Liying Lin: I I really don't mind getting the stocks. Anyway, I just let
Chloe Liying Lin: the brokerage account to
Chloe Liying Lin: basically exercise on me. Right? So when I got exercise, I have to buy at $29 as promised.
Chloe Liying Lin: and then, because of that, how much
Chloe Liying Lin: do I have to fuck up to go and buy?
Chloe Liying Lin: $29!
Chloe Liying Lin: chess for fxi!
Chloe Liying Lin: Yep, very good.
Chloe Liying Lin: exactly alright. So for those who are wondering why is it? $5,800 is because I saw 2 options contract and see that so 2 options contract, and $2,900 per contract, because options is always equivalent to 100 shares. So 29 times 101 contract, I need 2,009. Right now I have 2 contract, and that's why I need $5,800 right? And as long as I have this $5,800 to
Chloe Liying Lin: cover my position, basically is just to buy the chef. I'm okay, right? And last check. When I
Chloe Liying Lin: so put last month, I have the amount money inside my brokerage account. So it's totally okay. Right? So with this, actually, I'm more than happy to buy fxi right? And in fact, I bought it? Not at $29.
Chloe Liying Lin: Guys. Do you know how much the I buy? Fx. I for?
Chloe Liying Lin: How much did I buy as as exciteable?
Chloe Liying Lin: You can calculate, based on the premium that you collected.
Chloe Liying Lin: how much they collect in terms of premium
Chloe Liying Lin: over here is written, can you see
Chloe Liying Lin: 0 point 8 2?
Chloe Liying Lin: So this is the amount that I collected as an option seller last month. So that's your
Chloe Liying Lin: passive income, whichever way that you want to call it to be right. So by selling one month to option, I managed to collect
Chloe Liying Lin: $82 per contract. And because I had 2 contract, basically, that's how I collected 160 over dollars. Right? So technically.
Chloe Liying Lin: when you buy your shares because you already collected this amount, money upfront, actually, you reduce your average purchase price of your fxi, right? So instead of buying it at $29, I actually buy it at $29 minus 0 point 2.
Chloe Liying Lin: Exactly right? So I got it. $28 and
Chloe Liying Lin: trial at 18 cents. Right? So that's how I managed to
Chloe Liying Lin: actually
Chloe Liying Lin: using sample options. You reduce the purchase price of your stock right now. Of course, I wouldn't be able to time the market right now. If you buy it directly from market. I can buy even cheaper. But basically using sample option.
Chloe Liying Lin: I don't try to time the market.
Chloe Liying Lin: And if I really get the ex get my shares at the exercise price, I can actually get it lower than my initially prefer purchase price, which is 29. Right? So how many of you
Chloe Liying Lin: understand this? If you understand this, can you type? C stands for? You get it cheaper, right? It ship like cheaper than your original promise price, because you collect the premium upfront
Chloe Liying Lin: right? And this is by not trying to time the market, because nobody can predict what will happen to the stock price. Right? So in this case.
Chloe Liying Lin: what will happen to my options eventually
Chloe Liying Lin: I cannot say for sure, because right now it's not 21st 24th of June yet. So I still need one more week to see what will happen eventually. So let's say, eventually, really, the stock price still stay around this region.
Chloe Liying Lin: I will just get exercise. I will just buy
Chloe Liying Lin: at $29 for 200 shares.
Chloe Liying Lin: However, if for the next one week, for some reason, China start to rebound right, maybe rebound to $30.
Chloe Liying Lin: So, guys, what will happen if by this date
Chloe Liying Lin: 24th of June the stock price rebounds to $30?
Chloe Liying Lin: Do I still need to buy the shares. Yes or no.
Chloe Liying Lin: Do I still get to buy the shares at 29?
Chloe Liying Lin: Obviously is no
Chloe Liying Lin: right, because
Chloe Liying Lin: I only promise to buy at 29. But right now the stock price is $30. Nobody will be so silly to sell me a cheaper price right? They won't sell me at 29, when they can sell to the market at $30. So in this case I won't get to buy my shares. But I will get to keep my premium without doing anything. That means I pocket 100 and
Chloe Liying Lin: $64
Chloe Liying Lin: by doing nothing right? And that's how using options you can. You can have emoji. I think it's a winning situation, right? You get to win.
Chloe Liying Lin: hit or tail regardless. You are happy. And that's why we call it a buffer option strategy. Right. That's how what Boxer has been doing as well. By using selling to option. He collect premium, and if he doesn't get the shares he's happy. If you get the shares. He's even happier in the long run, because good company who shares who etf will appreciate over time. Right? So this is exactly the thinking process
Chloe Liying Lin: behind. Why, we execute this. Okay, if you understand this, can you type? Ww, in the chat? Okay, www, central win, hey? It's a win win situation regardless. So don't need to be scared.
Chloe Liying Lin: When you see this, it's okay. As long as
Chloe Liying Lin: you know the mindset behind. Why you are doing this. Okay? So now
Chloe Liying Lin: over here. Right? So for Fxi. What I'm going to do is I'm not going to close my position.
Chloe Liying Lin: I'm happy to collect my shares. So that's why Buffett say this right like he never attempt to make money on the stock market he buy, based on assumption that they could close the market the next day and not open it for 10 years.
Chloe Liying Lin: So I asked myself, what will happen to China 10 years later? Will it become more developed?
Chloe Liying Lin: I think the answer. What do you guys think? 10 years later, do you think China will become more developed more advanced, more prosperous than it is today. What do you think? Yes or no?
Chloe Liying Lin: Right? If you think so, then
Chloe Liying Lin: high chance, right high chance that this this eta will go up together. Right? So. So then you should be happy holding onto something that can give you a very high chance of winning in the long run right? So as simple as that, same as China, same as us. Whichever country that you yourself are investing of Sector Etf, that you yourself are investing. Right? So
Chloe Liying Lin: that's why what is my plan.
Chloe Liying Lin: My plan is
Chloe Liying Lin: If you still remember just now we talk about the Us. The Us. Market. It's
Chloe Liying Lin: pretty much
Chloe Liying Lin: expensive right now, right with the Philippine ratio at 35, or 36. I forgot about that right, however, for China.
Chloe Liying Lin: It's still a PR ratio, about 10 right? So
Chloe Liying Lin: which one give me higher margin of safety.
Chloe Liying Lin: I will say right now, this one. I do not see a lot of margin of safety, and since I have majority of my portfolio already tied to the Us. Can see that I I already have, like, in fact, 68%,
Chloe Liying Lin: and 9.8%. Smh is another Us. Etf.
Chloe Liying Lin: that's almost a majority of my portfolio inside us.
Chloe Liying Lin: So I do not want to add more Us. Positions.
Chloe Liying Lin: However, if you are under investor. Remember, just now, we talk about. If you are investing less than 50%, you are considered under investor. Right? So if you're under invested, you should actually consider investing in the Us. Because Us. Is still more predictable. The political situation is still most stable right for for better profits in the shorter time. Right? So that's why, if you are somebody like that, invest in the Us. First, st
Chloe Liying Lin: you can consider buying very safe etf in the long run. For example, the Smp 500, which is the Splg, Qqm. Basically is nasty 100. Go and buy them for me. Sm, it's semiconductor etf
Chloe Liying Lin: high growth. Right? So these are some of the Etf that you can consider. If you are not sure. What am I talking about? Then it's okay. Just listen 1st and don't do anything also can right? You choose the way. It's also a decision, right? As long as you want to make sure you always invest what you understand. First, st okay, that I think that is most important. Right? However, if you are like me, you already pretty much invested in the Us. And you don't see the point of adding more during these high P. Ration.
Chloe Liying Lin: Then
Chloe Liying Lin: consider, diversify your portfolio a little bit more to other country or other etf that you see
Chloe Liying Lin: growth potential.
Chloe Liying Lin: And at a cheaper valuation. Right? So to me, it's actually China. So that's why I will continue to just buy more china during this period of time, since the market is giving, still giving me good opportunities. Right? Good price. So I'm going to buy another 100 shares
Chloe Liying Lin: of flchh, right. So this one it's the total china, which is about 900 over stocks inside, right? And then.
Chloe Liying Lin: because my June
Chloe Liying Lin: expiry date haven't come yet, so I do not know
Chloe Liying Lin: would I get exercise or not. So that's why I want to wait until the 24th of June
Chloe Liying Lin: to see. Do I still have additional things that I can do right, because if my cash is used up, then I should not be selling more poor option. I should be injecting more cash first, st before I initiate another option position. Right? So right now, my portfolio in terms of inside my brokerage account my cash. It's pretty much
Chloe Liying Lin: Max, stop right if I get my fxi.
Chloe Liying Lin: Southport. That means I probably only left with
Chloe Liying Lin: a thousand to $2,000 cash, so I do not want to initiate another cell put during this period of time until I fully comprehend the situation during the option expiration date. So this just another one week of patience, and if I have cash by then, then I can consider selling. Put again on fxi, which is what I did, or I can consider selling. Put options on K web.
Chloe Liying Lin: hey, web. This is also a china etf.
Chloe Liying Lin: but it's more tech focus, right? That means whatever companies are basically technological sectors. So they tend to. In my opinion, when China recover, heck, it's usually the leading sector. So I felt that if I buy onto a tech etf in China for the long run it could turn out even better than the total china. Right? So that's why I think either this tool is fine, and because these 2 Ptf. Are relatively concentrated
Chloe Liying Lin: about 50 stocks, and this one, I think, K. Web, is about 30 stocks right. On the other hand, this one is 900 stocks, so in terms of pro wise flch will be definitely slower as compared to these 2. So whichever that you are comfortable with, you can consider selling to option right as long as you have the cash right? So now let me see. If I don't want to exercise option.
Chloe Liying Lin: what should I do? So clown is asking if you don't want to exercise options. Now, the thing is.
Chloe Liying Lin: if you are option seller.
Chloe Liying Lin: you have.
Chloe Liying Lin: You only have obligation to fulfill.
Chloe Liying Lin: You cannot choose to exercise because you are the seller. It's just like insurance company today.
Chloe Liying Lin: you as a consumer, you go and you go and buy insurance
Chloe Liying Lin: as a insurance company. You have no rights.
Chloe Liying Lin: you will, you cannot say our consumer. I cannot I. I choose not to pay you money right? Because you already have that obligation to fulfill. If the person really want you to. Let's say the person really get into accident, and he needs you to pay the money you have to pay the money. So right now, as a seller, we are insurance seller right? We are covering the stocks at certain price. So in this case, for myself.
Chloe Liying Lin: I'm basically covering fxi for $29. I sold the insurance, and I say to the opposite party and say, Hey, don't worry. Regardless how much fx I drop. I will always buy from you
Chloe Liying Lin: at 29 bucks.
Chloe Liying Lin: and because of that the person is very happy with my insurance, and that's why he pay me to fulfill this promise. So, as a seller, I have to deliver my promise. If the stock really drop below.
Chloe Liying Lin: So in this case I have no rights to choose for me.
Chloe Liying Lin: I'm just fulfilling my application. On the other hand.
Chloe Liying Lin: if you are asking about if you don't want to exercise the option, then that is the other side. You are the buyer. Once you, you are buyer.
Chloe Liying Lin: you can choose whether you want to exercise the option or not. Right? Because you can choose whether you want the insurance to be activated because you bought it right? So this this is completely different. So do you understand? Clown? Right? So we are talking about the sellers. I am. We have obligation only, hey, can everybody type? Oh, I always obligation. You have no, no choice of choosing because you already sold it. You just have to make sure you fulfill your promise.
Chloe Liying Lin: Okay, so hopefully. That clarify
Chloe Liying Lin: your question. Okay? So, cloud. Okay, Gula, okay, very good. So now, okay, now, market is not open yet. So before that.
Chloe Liying Lin: let's go through further, because I think I think the next next important part is something that a lot of you have been asking me, and which make me also very shocked to realize that. Oh, my God! I didn't know about this until you guys told me so. Thank you, everybody for your information. So before we get too excited about apos strategy selling to option. You get premium every month, right? Which you can. However.
Chloe Liying Lin: there is one very, very shocking disadvantage
Chloe Liying Lin: of investing in the Us. Stock market right when I when I when I realized this, I was like, Oh, my God, I didn't even know about this, and I'm so I think I consider myself very lucky to go and find out about this, because that directly, like
Chloe Liying Lin: well, it's relevant to everyone. If you are like me, who is a non us citizen, and you are investing in the Us. Market, then these will be relevant to you if you are us resident via Us. Citizen. Then whatever information I am sharing is not so applicable. Right? However, it's still good to just just pay some attention in case it's still relevant to you. Now.
Chloe Liying Lin: the advantage of us is, you can always have a lot of choices right? There are so many different etf and stocks that you can invest in, and many of them are optionable. And because of that you can choose to be option seller to collect income right? And it's highly liquid, right? And you also get to pick individual stocks.
Chloe Liying Lin: For example, your Google, your Amazon, whatsoever right, all these are individual Us. Companies right now.
Chloe Liying Lin: when you are investing in this
Chloe Liying Lin: kind of Etf is basically called us domicile means basically, it's within the jurisdiction of the Us. And because of that we, as a investor because we chose to buy a Us. Domicile, start a Us. Domicile etf. We have to follow the Us. Rules and regulation as well as its law, including taxation law, right? So exactly like what Ronald said.
Chloe Liying Lin: Right? It's
Chloe Liying Lin: about estate tax.
Chloe Liying Lin: And these thing it's super super huge and super expensive, as your portfolio grows bigger right? And if you are a non, Us. Citizen, these will happen now.
Chloe Liying Lin: if your amount, your portfolio size right now, if it's less than $60,000, it's totally okay.
Chloe Liying Lin: What is asset tax asset tax is what if one day touch wood, touch wood, you pass away.
Chloe Liying Lin: and then, because
Chloe Liying Lin: none of your relatives know about your account, password, or whatsoever, and because you have all your assets right locked inside your brokerage account.
Chloe Liying Lin: so you will have to your relative on your behalf. Once you pass on right, they will say, Oh, you know I have this this person he or she is my relative. Right now I need to unlock that asset for that person because she or he has already pass on
Chloe Liying Lin: so because of that. Can we get the password to log in, and then, so that we can sell away the stocks whatsoever, right on the person's behalf? Now, of course, right, because as a relative, once you are granted the rights you can do so right by by the disease. Right? However.
Chloe Liying Lin: if your portfolio is very big.
Chloe Liying Lin: The Us. Government right? Will realize that. Oh, wow, okay. So you have, let's say you have a million dollars.
Chloe Liying Lin: So the moment
Chloe Liying Lin: they realize that you pass on. And then after that, you have, let's say, a lot of money. You can get charged. Okay, your estate tax. Is up to 40%.
Chloe Liying Lin: That means your 1 million dollar right? You wanted to pass your family member a million dollar, but in the end 40% will be taken away by the government by the Us. Government, not even the Singapore Government right? And then, after that, only whatever amount is remaining which is a 60%, will go back to your family.
Chloe Liying Lin: and the shocking thing is, it has nothing to do with your profits or loss. Right? Even though you are not making profit, they will still, take that haircut, 40% of your entire portfolio. I think this is really crazy. Okay, how many of you can realize the gravity of this issue? You can realize that I can type G in a chat. Okay, G says, or gravity, that means how serious it is.
Chloe Liying Lin: Yeah, especially as your popular compound bigger and and which will definitely compound right? You will definitely face a higher and higher estate tax band over time. So
Chloe Liying Lin: that is why I realized that. Oh, my gosh!
Chloe Liying Lin: I'm really speechless when I when I realize this, right like I'm like, huh! Not even us. I need to pay so much tax that's crazy. And that's why, wow, the solutions. So I went to really go and talk to different people. I went to research on different online articles and videos. And these to me, are the best solutions right now. Okay, I want to share with you what are my thought process?
Chloe Liying Lin: The best one, in my opinion is
Chloe Liying Lin: switch to Ireland, Bomasal Etf.
Chloe Liying Lin: Because
Chloe Liying Lin: when you are investing in Island Thomas out etf.
Chloe Liying Lin: you will not get tax
Chloe Liying Lin: for estate tax, then you, I mean, even though you pass on today, you don't have to pay the island Government any single cent
Chloe Liying Lin: for your assets in the portfolio.
Chloe Liying Lin: which I think is quite fair. Right? So you literally can save up to 40%
Chloe Liying Lin: which the government, the Us. Government will take it from you if you are still investing in the Us. Domicile etf. Or stocks. Right so. And the second good thing about being an island domicile etf is
Chloe Liying Lin: you also enjoy better
Chloe Liying Lin: dividend tax
Chloe Liying Lin: as compared to the Us. Dividend tax. Because right now if you are still not aware, actually, for whatever dividend that we receive from us stocks or etf, you will be
Chloe Liying Lin: only getting 70% of the dividend, because 30% will be taken by the Us. Government.
Chloe Liying Lin: However, if you switch to island government Island Thomas out etf, they will only take 15% from you. So you get to keep more of your dividends. So originally I didn't care so much about the 30% or 15%, because I know that etf they don't give a lot of dividends, especially for the for those Etf that I'm investing in. However.
Chloe Liying Lin: the moment I realized that Wow Island, they do not have estate tax, I think this is a huge draw for me. Right? So that's why. What are the good
Chloe Liying Lin: island, Thomas South Etf to invest in?
Chloe Liying Lin: And basically
Chloe Liying Lin: they are the same thing as us, Thomas. Etf.
Chloe Liying Lin: Now, if you still remember for S. And p. 500
Chloe Liying Lin: us, the most straightforward one is spy, right? Or vo, right? Basically, these 2. Now.
Chloe Liying Lin: if you be investing in A, Us. S. And P. 100, right? Your, your, IOI. For the past 5 years. Okay, very interesting.
Chloe Liying Lin: About 85% can see Sp, one for the past 5 years. 5 years is 85%.
Chloe Liying Lin: However, if you invest in this Irish Thomas Etf.
Chloe Liying Lin: which basically also tracks the S. And p. 500. Can you see
Chloe Liying Lin: S. And p. 500.
Chloe Liying Lin: But for the past 5 years
Chloe Liying Lin: it has a 99% return
Chloe Liying Lin: versus
Chloe Liying Lin: the 85%.
Chloe Liying Lin: How many of you felt a bit strange
Chloe Liying Lin: like they're doing the same thing? They're tracking the same thing. How come
Chloe Liying Lin: this? Which is cspx outperforms. Okay, if you find be strange, can type me in the chat. How many of them be strange? Huh? How come same thing? How come you need? I get like close to 15 more as compared to my spy. Right? So.
Chloe Liying Lin: okay, this is the key. Firstly.
Chloe Liying Lin: if you still remember right, for our smp, 500. When you buy smp. 500
Chloe Liying Lin: they are.
Chloe Liying Lin: They do not automatically reinvest your dividend.
Chloe Liying Lin: Salt.
Chloe Liying Lin: Sm. 500,050 dividend, even though just a little bit, but over time they still add up right, but they do not automatically reinvest. So when you don't reinvest.
Chloe Liying Lin: the cash is basically considered wasted.
Chloe Liying Lin: But if you invest in this Cspx, which is an Irish commissar etf. Help in the London Stock Exchange. Okay, this is not us, or this is London Stock Exchange this Etf. They will automatically help you to reinvest
Chloe Liying Lin: your dividends.
Chloe Liying Lin: and because of that can see the use of income it's accumulating. That means they will accumulate for you on your behalf and automatically help you to buy the Etf more. So in the long run. Actually, you get to accumulate more etaf
Chloe Liying Lin: using the dividends that they distribute up right because it's accumulating. And because of that right, you actually get higher return
Chloe Liying Lin: in a longer period of time. And I think actually, the return is quite significant. How many of you felt? So if you think so, can type, as in the chat, right? 5 years, about 15% return more. I think that's quite significant, right? Because just by reinvesting.
Chloe Liying Lin: So that's why it's so important. Whatever income like we get try to reinvest to compound it faster. And this is one good example. How reinvesting can help
Chloe Liying Lin: in just 5 years time. It can make quite a lot of difference, isn't it right? So now.
Chloe Liying Lin: as you can see. Right? This is what I just mentioned to you, this one Cspx. Can everybody just put it in the chat? Csa. So Cspx is that London Stock Exchange. You can buy it from there, and it's island.
Chloe Liying Lin: And because of that there's no estate tax and the expense ratio. It's also very, very cheap can see that 0 point 0 7%.
Chloe Liying Lin: And for SPY.
Chloe Liying Lin: If I don't
Chloe Liying Lin: recall wrongly is 0 point 0 9%.
Chloe Liying Lin: So in a way, actually, you get a cheaper etf by expense ratio, and you also get a higher return
Chloe Liying Lin: in the long run.
Chloe Liying Lin: How may I felt that this is pretty good. If you think it's pretty good. Can you type I in the chat? Okay, I sense, for I reach down South. This is in London Stock Exchange. Okay? So now the thing is for this to work.
Chloe Liying Lin: You cannot buy from Wooboo. You cannot buy from Wibu.
Chloe Liying Lin: You have to use interactive broker. Okay.
Chloe Liying Lin: ib, is the only brokerage account based on in Singapore right now that
Chloe Liying Lin: enable you to buy, and of course sell your London from the Stock London Stock Exchange. Right? So I think the other few brokerage account don't support London Stock Exchange, so Ib is the only one. So whether you are in Malaysia, in Singapore, or whichever part of the world, if you are using ib.
Chloe Liying Lin: you will definitely be able to buy cspx, right? So this is, yeah. Only ib, kr, so ib is still, after all, the most robust one. Now let's take a look at another etf.
Chloe Liying Lin: which is the Thomas Sound of Qq. And Qq. Qm. Alright, how many of you are curious if you're curious, can type queue in the chat? Okay? Because, as you know Qq. As a tech etf. Nas, that 100
Chloe Liying Lin: given time actually, for the past 20 years, plus it has outperformed spy quite significantly, because right now a lot of our economy is driven by tech companies. Right? So if you want to invest in the Irish Pharmaceutical Etf on Qq. One.
Chloe Liying Lin: should that be right? So now let's take a look.
Chloe Liying Lin: Basically, the ticket symbol
Chloe Liying Lin: of this is C.
Chloe Liying Lin: Dx. Can everybody keen inside the chat C and Dx, so that you remember the tickers in both. Right? So Cndx is
Chloe Liying Lin: Irish commerce out Qq.
Chloe Liying Lin: So in the past 5 years you can see that
Chloe Liying Lin: the
Chloe Liying Lin: stock price
Chloe Liying Lin: has gone up 162.5%.
Chloe Liying Lin: Now, let's compare.
Chloe Liying Lin: Let's compare with
Chloe Liying Lin: Nasdaq 100.
Chloe Liying Lin: Okay, which is our Qq, right? So Qq is here. This is buying from the Us. Stock Exchange, 156% versus our Cn, Dx, 162.5.
Chloe Liying Lin: So that is about 8% difference as well.
Chloe Liying Lin: So where did the 8% difference come from
Chloe Liying Lin: the same thing?
Chloe Liying Lin: It's accumulating.
Chloe Liying Lin: And because of that.
Chloe Liying Lin: you will
Chloe Liying Lin: get to invest more and accumulate more etf, using the dividends, even though dividends is very little right. But still over time it will make some difference to your investment. Return.
Chloe Liying Lin: and in terms of expense, ratio generally. For Nast. It has higher expense ratio than Smp. 500 hmm.
Chloe Liying Lin: But nevertheless, I think it's still fine. 0 point 3% is still very, very reasonable. Right? And most importantly, is Irish Thomas up right? So 5 also have. Cspx. But fees are bit higher. Oh, okay. So thanks. Thanks. Clown for letting us know. So if you are using, you can also consider using site to buy Cspx.
Chloe Liying Lin: However, just like what she said, the fees will be higher. So I will say, why not just register an id account and use ib to to invest right? And the beautiful thing about Ib is the fees are really, really, really cheap. If not, if I'm not wrong. Probably it's 1 of the lowest
Chloe Liying Lin: among all the brokerage platform.
Chloe Liying Lin: But the best thing about Ib is, it's not very user friendly. Okay, so that's why a lot of people don't really enjoy using ib, even though it has a lowest fee. However, I think you, it just probably takes some time to get used to it right. So now the thing is
Chloe Liying Lin: another thing. Please remember, we talk about China. Right? So does China also have its own Thomas Etf in Hong Kong.
Chloe Liying Lin: Obviously there is, because if you are investing in China investing in Hong Kong. Etf. You also are not subject to estate tax, because this thing was abolished more than 20 years ago, close to 20 years ago. Right? So that is why, if you want to buy Hong Kong Etf directly.
Chloe Liying Lin: you can just
Chloe Liying Lin: use ticket symbol, right? For example, 2, 8 0, 1 or 9, 8 0. 1. These are Msc. I. China etf. So when you buy into Msc, it's a little bit like what I show you just now, which is fl right? Anybody remember? Flh, this is the 900
Chloe Liying Lin: come stocks etf.
Chloe Liying Lin: But it's us Amazon. However, when you buy into this I shares call Msc. I. China Etf listed in the Hong Kong Stock Exchange. Basically, it's the equivalent of Mc. I. Inside the NASA. So exchange. These 2 are the same thing. And you can see whatever
Chloe Liying Lin: like, 10 Sam Baba everything. It's also here, right? Basically the same thing. And in fact, their expense ratio is lower.
Chloe Liying Lin: right, and the number of holdings is 700 plus which it's very diversify as well. So if you want to do that. You can also do that.
Chloe Liying Lin: This one you can directly buy from
Chloe Liying Lin: Ib, from Mumu. Mumu also supports Hong Kong. Right? So these 2 platform, I think the rest
Chloe Liying Lin: I'm not sure about we boo or or tiger, but I know definitely support Hong Kong Stock Exchange as well. Right? So Fsm can use. Csp, clarin. This one I am not too sure, because I don't use. Fsm, one or 5. Yeah. So if if other students over here, if you know the answer.
Chloe Liying Lin: feel free to help us to clarify as well if you use any of them. All right. So now, what is my plan.
Chloe Liying Lin: So my plan is.
Chloe Liying Lin: some of you know that
Chloe Liying Lin: the reason why I transfer
Chloe Liying Lin: majority of my portfolio into we Boo
Chloe Liying Lin: is because I am trying to get that $10,000 worth of Nvidia shares right? So in order for me
Chloe Liying Lin: tool
Chloe Liying Lin: fully unlock my 10 K. Shares.
Chloe Liying Lin: I need to wait. I need to let my money sit set inside, and I have to make sure my holdings are still inside. So that's why I will not be able to transfer out to Ib so quickly.
Chloe Liying Lin: Not until the next one year, so I need to wait for one year before I fully unlock my my, all my shares in that media. Then what I will do is I will really start to buy into the Irish Thomas Etf, like I just shared.
Chloe Liying Lin: and the reason why I want to do that is because for those etf, I just shared with you, be it, is it? Especially like, for example, this is basically Qq. Or Qm. Right, which is already inside my portfolio
Chloe Liying Lin: as well as my cndx, which is Smp 500 right inside my portfolio. I do not tend to trick on them right? I buy them for long term holding. So if your mindset is exactly the same as me.
Chloe Liying Lin: you want it for long term, and you don't even want to trade so much on it. That means you don't want to say. Oh, I have a lot of chance. I go and sell call right now. Oh, I I want I wanna go and sell. Put a lot right. So if you don't even do that, then I think the best place is to actually shift to Id.
Chloe Liying Lin: and just do dollar cost averaging and just accumulate them using the normal shares way right? So you remove all the complication which you can do that right away if you are you if you are not like
Chloe Liying Lin: like, if you're not like me, having to fulfill that $10,000 worth of free and media shares. Right? So you can immediately do that right. However, if you are like me, then you just wait
Chloe Liying Lin: a little bit more. Right? So meanwhile, what I have done. Okay, maybe I should stop recording this. But
Chloe Liying Lin: anyway, I have shared my password with my family members in case anything happened. So what I will ask them to do as a if anything happened. Just help me to sell away my shares, lock into my account.
Chloe Liying Lin: Okay? And then and then after that, go and go go and like, do whatever things that you need to do you know? To make sure? I don't get estate tax charged by the Us. Government? Right? So this is what I ask them to do right, whether they will do it or not, I am not sure. I really hope that they will do that right. So another way that you can do it is.
Chloe Liying Lin: you can consider opening a joint account with the you with your family member. Right? So when you open a joint account
Chloe Liying Lin: which Ib supports it, we Boo and Mumu also don't support drawing account, so I think at the end they probably Ib is the most robust one. So if you open a draw account.
Chloe Liying Lin: Let's say you and your husband you and your mom, you and your dad. So you teach them how to sell off your stocks so they can still log in to their account, which is a joint account, and they can help you to sell off all your stocks. If anything really happened to you right or last, but not less. Okay. You can consider buying a term insurance
Chloe Liying Lin: to protect against your portfolio.
Chloe Liying Lin: So how does that work is term insurance is, you don't pay a lot, just a little bit of money.
Chloe Liying Lin: and to cover whatever amount that your onstate tax will get taken away from you. So let's say you have a million dollar portfolio. You just buy 400 K, let's say in this case is 400 k, right? So 400 K, and you just buy a term insurance of 400 k. So if anything happened, touch wood.
Chloe Liying Lin: something happened to you. Your insurance will be activated. And because of that the insurance company will also pay you which is your family member right now that 400 k. So even though that 400 k. Is being taken away by the Us. Government. Your family also receive 400 k. At the same time, so net net it neutralize so that insurance company help you to pay for the estate tax. Right? So this is term insurance. So
Chloe Liying Lin: you can go and find from your insurance friends agents, whoever. But basically there will be such insurance available right for for
Chloe Liying Lin: basically legacy planning. Right? So how many of you understand these 4 ways, if you understand, can type 4 in the chat.
Chloe Liying Lin: Nick.
Chloe Liying Lin: I mean, if you understand right? So guys, can you also promise? Don't don't share whatever things I share with you just now
Chloe Liying Lin: to other people don't say a Chloe say, share the password. How could you say she's going to do this? Okay, please, Donna, I'm not supposed to be illegally doing this. Okay, but I'm just. I want to be very, very honest with
Chloe Liying Lin: you. What I'm trying to do, so that to give you some additional help if you are probably facing the same situation like me. Okay, so. And everybody can promise right if you can promise, can type in a Chat Api piece or promise that so cannot lick this information. That's why I'm not. I'm also not sharing this online because I felt that
Chloe Liying Lin: it it probably might get myself into trouble. Okay, so promise. Thank you. Everybody. Alright. So that's why.
Chloe Liying Lin: For myself, I have to wait a little bit, and I think I should consider buying a term insurance in case anything happened.
Chloe Liying Lin: Whatever amount that will be taken over by the Us. Government, I will still get coverage, so probably I can buy like a 1 year term insurance, just to cover myself until next year, and then after that I will shift to Ib, and then I will shift to buying you I island etf, so I know that majority. My portfolio would not be taken away should anything happen.
Chloe Liying Lin: Whatever things that, however, this one does not work for individual stocks if you are buying it like individual stocks like
Chloe Liying Lin: Google Amazon. All this they do not have a other domicile. Go in another country. So so if I, investing in the individual stocks, it might not be that useful for you. However, if you want to be like me over time. Shift to Epf.
Chloe Liying Lin: Then Irish Thomas out etf will be the best. Yeah. So by term, insurance will be really, really useful as well. Right? Just like what men say, okay, so right now, okay, let me just show you guys what exactly I'm planning to do because the market is already open.
Chloe Liying Lin: Okay? And just like I said, I, okay, I plan to actually just continue to do my china etf investing because I don't see any other good opportunities right now inside the Us market. So I plan to just buy a hundred shares. Okay, let me just share screen once again. What is my plan?
Chloe Liying Lin: Alright. There we go. Okay. So let me just share screen on this. So my plan is very simple. Okay, tonight, I can't do a lot because my options. Position is not expired yet. So I'm just going to accumulate another 100 shares of Slch and
Chloe Liying Lin: yeah. So for whatever things that I share just now regarding the domicile etf like Qqm. Dom. Or spy domicil. Right? That is more for the Us. Stock market for the Hong Kong market. I, personally will still
Chloe Liying Lin: want to invest through the Us. Way, because we'll see the percentage of my Hong Kong portfolio right now in the China market is not a lot. So it
Chloe Liying Lin: doesn't really trigger a lot of text. Should anything happen?
Chloe Liying Lin: Right? Of course, that is, provided one year down the roller. Alright. So that is why, in the meantime I can do options.
Chloe Liying Lin: and I felt that it's a lot more attractive to do options on to shares. I want to own the etf. I want to own versus
Chloe Liying Lin: just buying the shares outright from the Hong Kong Stock Exchange. So that's why, for me, I will still do the traditional us way for my Hong Kong Hong Kong etf my china etf. But eventually, for when one year now Ib, I will shift majority of my funds to Ib for us, Thomas. Irish Thomas out us etf.
Chloe Liying Lin: right? So hopefully that clarifies. So right now let me just
Chloe Liying Lin: go into my brokerage account. Okay? So actually, today, nothing much right in terms of live trade. But feel free to also let me know if you have any questions.
Chloe Liying Lin: then we can also clarify it. After I complete my
Chloe Liying Lin: complete my FLCH.
Chloe Liying Lin: I
Chloe Liying Lin: soul
Chloe Liying Lin: share, screen
Chloe Liying Lin: and stop broadcast.
Chloe Liying Lin: So which website did I use? Hold on, okay, start broadcast from my which website did I use to see the expense ratio? Oh, so
Chloe Liying Lin: basically, I was just searching online, right like, what are the Etf for Irish Thomas out? And the Cspx, right? So I just search Cspx, and basically because it's I shares. It's it's it's it's under eye shares. So you go and see the eye shares website.
Chloe Liying Lin: I shares website Cspx, you will be able to see all the information about what I share with you just now. Yeah, later, I can share screens. But let me just share screen on my.
Chloe Liying Lin: okay. So this one I'm using my momo.
Chloe Liying Lin: right? So FLCH,
Chloe Liying Lin: yeah. So, and on top of that flchh is by Franklin Templeton. I think it's
Chloe Liying Lin: highly credible. And that's why I think. This is a etf, even though it does not have a lot of liquidity right now. But the expense ratio is lowest as compared to all the other china etf. So that's why I I'm willing to buy and hold it for a long for a long time, right? So now, although it does have option. But actually, the liquidity is so low that it doesn't even make sense to do options. You can see when I click on 2 options.
Chloe Liying Lin: There's no open interest. Right? Open interest means how many people are interested in to transact with you. It's all 0 can say. It's like 0. Maybe the highest was like 20, which is
Chloe Liying Lin: very, very little. So I think, for Fl.
Chloe Liying Lin: there's no point trying to do options. You might as well just buy the shares outright, and that's why, for myself, I'm just going to buy the shares outright.
Chloe Liying Lin: and I'm just going to buy 100 shares right when the market is still relatively cheap.
Chloe Liying Lin: Go ahead.
Chloe Liying Lin: Yep, and we'll just buy. That's it.
Chloe Liying Lin: Yeah.
Chloe Liying Lin: okay, few. Okay. So for myself, I usually don't.
Chloe Liying Lin: Don't bargain too much, because I felt that, you know, like not. It's not like a lot of difference, so I don't try to set my beat and ask Price
Chloe Liying Lin: Lot during my trade, but it's up to you. If you really want to bargain, just go ahead to bargain for myself. I just
Chloe Liying Lin: just let it be a little bit, and then I'm just off to go alright. So now let me see.
Chloe Liying Lin: hey? In the meantime let me just and showcase Pate's questions first.st Right? So
Chloe Liying Lin: let me just open up my website. I show you just now. Okay, so this is the one
Chloe Liying Lin: I will also put this inside the Zoom chat.
Chloe Liying Lin: Okay, so I just sent that is for Nasda 100
Chloe Liying Lin: Irish Thomas out etf.
Chloe Liying Lin: Right? So basically, it's under Ics, so the 2 etf ticker symbol based on London Stock Exchange.
Chloe Liying Lin: Cndx. Why is the other one? The other one is call Ogana.
clown0range: Alright. No idea.
clown0range: thank you.
Chloe Liying Lin: Has no idea
Chloe Liying Lin: you have not.
clown0range: Steamer Awesome.
clown0range: She still got the Fraka meeting.
clown0range: Okay. 49,
clown0range: 14, or 60.
Chloe Liying Lin: Who who? Oh, for? I think it's
Chloe Liying Lin: I think it's 16. Thank you. Okay. So the other one is CSPX. And C and Dx, right? Both of them are basically
Chloe Liying Lin: from Ichaz. So if I search Cspx, actually just etf. Actually, when I just search for this, it will come up, and then the 1st the 1st one is, I chess. So you can find all the information
Chloe Liying Lin: from that. Okay, it's pretty clear. Right. So of course, the the another disadvantage of this is.
Chloe Liying Lin: I'm not sure. Does it support fractional share, so if it does not support fractional share, then you might need to consider
Chloe Liying Lin: buying it.
Chloe Liying Lin: And when your amount managed to accumulate to this amount, right? Because you can see it's not as
Chloe Liying Lin: easy to buy as compared to the Us. Domicile Ets. So once again, it really, everything has advantage, has disadvantage. So if you are buying in this case, you probably need to do more accumulation in terms of savings. And then, before you can buy one share or like 2 shares, that one is depends on you. Okay? So this is for that one. Okay? So now, any more questions I can see there's some questions
Chloe Liying Lin: from then, as a Us. Person doesn't make sense.
Chloe Liying Lin: Ben, I think if you are in the Us. It probably doesn't make so much sense. Because the estate tax is texting the non, us citizen.
Chloe Liying Lin: but I know, even as a Us. Vision, you will also get certain text. So this one
Chloe Liying Lin: you wanna find out a little bit more, because, as a Us. Citizen, what is the text regulation for you? Like, like everybody, is different. I know you will have to. You. Will you will have capital gain tax which we don't have
Chloe Liying Lin: right. And then you probably have less dividend tax as compared to us, because you are based in the Us. So this one. I would need your help to go and file for yourself. Okay, and please update me once you have the information as well. I would love to know what happened to a Us. Season as well. Okay. So now.
Chloe Liying Lin: how liquid are us China and Ireland Etf can sell same day. So I think the most liquid one is definitely in the Us. Right for the china etf, are you talking about? Et China etf. Based in the china based in Thomas out in the Us. Or Thomas out in Hong Kong. If you're talking about Hong Kong Etf.
Chloe Liying Lin: Actually, there are quite a lot of this is, hold on. This is fxi.
Chloe Liying Lin: So for fxi, it's highly liquid.
Chloe Liying Lin: One good thing about us is because generally a lot of people are already investing in a US. Stock market. So it's highly liquid.
Chloe Liying Lin: right? However, if you are thinking about investing using the Hong Kong
Chloe Liying Lin: Stock Exchange.
Chloe Liying Lin: which is okay, this is KY, not this.
Chloe Liying Lin: Did I have another one? Okay, this is sx, I,
Chloe Liying Lin: yeah, not this.
Chloe Liying Lin: I think in terms of liquidity device. If you are talking about highest liquid is definitely the US. Domestic, and then followed by Hong Kong.
Chloe Liying Lin: followed by London by London. So I change. January is not so liquid. So you do not want to trade on a London Stock Exchange. You want to buy for long term investing right? But regardless, I'm pretty sure you can still sell on the same day as long as your amount is not like a lot that you can move the market as long as it's okay, if that is within a reasonable range
Chloe Liying Lin: I believe the London Stock Exchange will still let you able, so will still enable you to buy and sell. However, the spread will be higher. So that's why ideally don't trick on the London Stock Exchange so much.
Chloe Liying Lin: Okay. And last, but not least, if you use a Us and Singapore company to buy etf.
Chloe Liying Lin: Yes, actually you can. So another way, which is a slightly more advanced way, is if you want to set up a company and through the company structure to buy into the go the the Etf. Whatsoever.
Chloe Liying Lin: The asset tax will be exempted, because right now you are not
Chloe Liying Lin: buying it under personal account. You are buying it under a company, and then, after that, you, as a shareholder of the company. It's a completely different structure. But this one is slightly more complicated. If you want to use this way, it's probably the best way.
Chloe Liying Lin: because, legally, you are the most exempted right? However, it probably will involve more cost at the same time slightly longer procedures to set up the entire thing. Okay, so
Chloe Liying Lin: alright
Chloe Liying Lin: now, hopefully that answers your question then.
Chloe Liying Lin: Now last, but not least, Tesla. What's the difference between sp, LG. And SP. Yg, alright. So for SPLG. It's more S. And P. 500,
Chloe Liying Lin: which is a 500 complaint.
Chloe Liying Lin: But for SPYG. Is actually the amount of 500,
Chloe Liying Lin: you. They select 300 companies. That is more growth oriented. Right? So if you can see, for example.
Chloe Liying Lin: let me just
Chloe Liying Lin: do up the comparison chart for you guys. Let me just switch on my trading view first, st
Chloe Liying Lin: okay, hold on.
Chloe Liying Lin: okay. SPYG.
Chloe Liying Lin: And SPLG,
Chloe Liying Lin: plus
Chloe Liying Lin: STOG,
Chloe Liying Lin: okay. But for Spl is relatively
Chloe Liying Lin: new. Okay? So which one is which?
Chloe Liying Lin: Okay, let me show you.
Chloe Liying Lin: Okay. So like, I said, because the wider it, the bigger is your diversification generally
Chloe Liying Lin: you will not
Chloe Liying Lin: perform as well, because if you have a relatively concentrated portfolio, once the stop, move up the portfolio move up together. Of course the drop will be higher. Once the stop drop, the the gravity of the drop will be higher as well. Right? So, as you can see, the spyg is 300 companies. So the candlesticks that you can see this is spyg.
Chloe Liying Lin: On the other hand, Splg is the 500. Basically, that's Smp 500. So this is the orange line.
Chloe Liying Lin: So you can see over time.
Chloe Liying Lin: S, and p, 500. Okay, it depends on what is the duration? Right? If you are looking at the last, for example, from 2,008 all the way until now the last 15 years, spyg output form
Chloe Liying Lin: right and then splg, only grow by 339. But then the other one, it's 500 over percent right? And if you drag it a little bit more. During the recent years, for example, since the past 5 years.
Chloe Liying Lin: you can also see that SPY.
Chloe Liying Lin: Still outperform. SP. Lg.
Chloe Liying Lin: so now.
Chloe Liying Lin: the reason why I slowly shift towards Sp. Lg, is not because I don't. It's not because I think Spyg is no good. It's just that I felt it's a more balanced portfolio in the long run, and I use
Chloe Liying Lin: Qq. And Sm. To boost my return in a faster way, because if you compare right.
Chloe Liying Lin: let me just add one more.
Chloe Liying Lin: which is, for example, QQ.
Chloe Liying Lin: You will get to see that q. 2
Chloe Liying Lin: is
Chloe Liying Lin: the highest growth in terms of
Chloe Liying Lin: stock price, right?
Chloe Liying Lin: Which is the blue line.
Chloe Liying Lin: you can see right? Can you see that? Right? So I was thinking, Hey, if that's the case, right? I want to have my splg as a stable base, and at the same time I use Qq. To
Chloe Liying Lin: accelerated growth.
Chloe Liying Lin: True, this way, right. So instead of spyg, I switch switch to splg at the same time, I still invest in Qq. And as well as Sm. H. Right? So over time. I think that my allocation for these 2
Chloe Liying Lin: will continue to evolve a little bit right now. I have majority over here, which is my splg, but maybe over time, I might want to consider having more queue in the long run. Right? So this one I have not fully decided yet. But you can basically just see from the stock price performance. Roughly, you would tell which Eps is something that you might want to consider investing more.
Chloe Liying Lin: Does it? Address your question, Tessa, is that okay?
Chloe Liying Lin: Alright.
Chloe Liying Lin: Seoul.
Chloe Liying Lin: Now, okay. Qq. Or Qq. Yes, they are actually the same. In fact, Qq. M. Is expense. Ratio is even lower than Qq.
Chloe Liying Lin: It's generally
Chloe Liying Lin: how should I say that it's actually exactly the same, but cheaper version in terms of expense ratio. So I will say, if you want to buy and hold long. Term Qq. And will be better. But if you want to trade options like selling foods, and all this Qq. Is better because QQM. Is not as liquid.
Chloe Liying Lin: But basically they have the same thing.
Chloe Liying Lin: Okay.
Chloe Liying Lin: all right.
Chloe Liying Lin: Fantastic. Wow. It's almost close to one and half hour. Thanks, everybody. Guys. Can you type down what is your greatest learning? So far from tonight's session? Right? Put it in the chat. I would love to see every single one of you sharing about what you learn, because
Chloe Liying Lin: by sharing what you learn, we become clearer, right? What is our greatest takeaway? And then other people will get to also. See what is your greatest. Get away, and probably you never thought about that. And you watch other people sharing see what they're sharing. They you also learn from people sharing as well. So what's your greatest? Take away.
Chloe Liying Lin: Okay, I will wait for you guys to put it in the chat.
Chloe Liying Lin: Okay? So in the meantime, just want to make sure I don't miss out the questions. Okay, joy is asking how to get the free 1 10,000 and media shares. Now the campaign is over, so now no more so different month. They will be having different campaign. That campaign was
Chloe Liying Lin: a few months ago. Yeah.
Chloe Liying Lin: yep.
Chloe Liying Lin: alright. So Ronald learned that. I reached Amazon. Etf 15% dividend tax. Yeah, it's which is lower, right? And every country has a text, you know.
Chloe Liying Lin: ex, except for us. Except for Irish Island as well as Hong Kong. Okay, Hong, Kong and Island don't don't erase your millions. So you can consider shifting it. Okay? And Jeffrey, talk about portfolio. Allocation is important. Very good. My takeaway is island on the south. No estate tax. Yes, very, very important, especially if your portfolio grows bigger, you should totally consider that right. Consider island etf. Take no of estate tax.
Chloe Liying Lin: When your portfolio goes above 60 K. Exactly will be good to shift to irons on the South Allocate portfolio adequately. We'll try harder on this. I love that. Okay, I love every single one of your sharing. Never lose money. I love Katie, sharing as well understand text involved, and portfolio management. 65, 35% love that love that. Okay, I love every single one of your learnings. Okay, so with that, okay, let's take a group photo before we wrap that.
Chloe Liying Lin: and next month we are also having our 2 days book Cam, just to let you know the date is 26 and 27th of July. Right. So if you have not attended before, please make sure you come and attend that 2 days class, because we will set up the foundation structure together. If I've attended before, feel free to just re-attend, because I will, based on market condition, introduce some additional
Chloe Liying Lin: things as well. Alright. So okay, right now, let me just I'm PIN myself. Remove myself so that everybody can be inside the screen. Okay, I can see Margaret is already here. Katie is here. Jack, chewing is here. Andy Vincent. Jeffrey, Rachel Wakey Joyce. Alright, love that. Okay. Cindy is here as well. Rono.
Chloe Liying Lin: How about? Oh, okay. Joy is here good to see you. Okay, how about the rest?
Chloe Liying Lin: Tessa? Sd, Helen, Patrick
Chloe Liying Lin: feel free to switch on your camera. Okay? And let me just take make sure. I take the screenshot. Okay, everybody. 3 seconds more. 3, 2, one. Okay. Good. Okay. So give me a thumbs up alright. Thank you. Everybody thumbs up.
Chloe Liying Lin: And some love. Okay, Aliga dog was Aimers. Okay, land of that love, love, love, love.
Chloe Liying Lin: Thank you. Alright. See, you guys in July, and can't wait to see you grow as a investor, and thanks everybody for being here. I can see Katie's daughter so cute.
Chloe Liying Lin: See you!
Chloe Liying Lin: What's your name? What's your name, Katie? Maybe you can type her name inside the chat. Okay. Would love to meet her one day as well. So thank you. Everybody for being here and enjoy your weekend, and Hello! Sure, so good to see you and have a great, great weekend. I will see you next month. Bye, bye.