Enjoy Singapore - if you have net savings despite the low cost of living then having zero capital gains and zero dividend tax is a wonderful thing. You seem to have managed to open an IBKR account here which is great!45% MSCI World index [SWRD]
5% MSCI Emerging Markets IMI [EIMI]
5% FTSE India 30/18 Capped [FLXI]
5% MSCI World Small Cap [WSML]
20% Local Singapore Government T-Bills
20% 0-3 Month US Treasury Securities Index [SGOV]
I would be interested in understanding if I should consider adding Singapore REITS at this first stage and improve diversification?
Is there any correction should I consider before starting?
To your questions... No to Singapore REITS as that will greatly *reduce* your diversification. (SWRD already has REITS in the right diverse proportions). FLXI is also redundant since EIMI has it. Going with SWRD/EIMI/WSML is perfectly fine. On the gonds side, local T-bills and Treasuries are also fine. I would prefer AGGG as that is more diversified, longer duration (so less correlation to equities) and, given you are going to be back to another country, less tied to SGD. AGGH is also reasonable if you definitely want EUR when you retire.
I don't know anything about Genarili but my likely correct guess is that it has higher fees than IBKR. I'd avoid putting more in at very least until you get back to Italy. (And at that point, tax optimisation matters, and maybe local funds help. I don't know)
Statistics: Posted by glorat — Tue Jun 11, 2024 2:59 am — Replies 2 — Views 401