I am still relatively new in the world of personal finances and have always been questioning whose advice should I be following. I am sure many people out there are facing the same issues so I am going to try compile information about different financial gurus. Today I will be covering on Joshua Giersch (Shiny Things HWZ). 😀
If you are a Singaporean who is into finances, this name will not be unfamiliar at all. Joshua Giersch, better known as Shiny Things from HardwareZone (HWZ), is well-known in the community. Shiny Things is active on HWZ, an IT-oriented online portal based in our homeland, sharing his knowledge with many of the forum-ers including me. I personally follow his advice and would like to share his knowledge with everyone. 😀
*Note: All information compiled from HWZ, and his website. Please let me know if I messed up somewhere.
Shiny Things is a 30 plus-year-old from Australia, currently working at a software firm in San Francisco. He was an FX option quantitative analyst for 2 years building options pricing tools for traders (in Excel / VBA), then as an FX options market-maker for almost 10 years, followed by spending 4 years designing and building risk management software for options traders . Shiny Things runs a consulting business on the side, giving hedging and investment advice to large investors and corporations who need independent advice. Lucky for us he spends time on HWZ giving us noobs great guidance and help.
Shiny Things Advocates
- Dollar cost averaging
- Do not time investment – best time to start investing is always NOW
- No stock picking 
- Do not make many trading transactions – amount to high trading fees
- Do not invest in gold 
- For lump sum investments, either invest all at one go or split into 3 portions and invest each portion every month
- There is no shortcut to getting rich
- For non-Singapore stocks, use Interactive Brokers – only if over 1k / month or the fees will be deadly
- For Singapore stocks, use Standard Chartered
- If investing small amounts, use POSB Invest Saver
- Do not rebalance in December – liquidity is at it’s worst
- Rebalance in November if only rebalancing once a year
- Rebalance in May and November if rebalancing twice a year – 6 months apart
- Rebalancing more than twice a year is overkill
- Stick to Vanguard & iShares – they only hold the stocks that they target to be vested in
- For Overseas ETFs, go with IWDA – reinvest dividends hence easier to manage
- For Singapore ETFs, stick to ES3 (top 30 Singapore companies) and A35 (multiple bonds)
- If money is needed within 2 years, keep them in cash
- If money is needed within 5 years, keep them in cash / bonds
- Else, keep them in stocks
- Get good hospital insurance – shield plan
- Buy term life insurance to age 65 if you have dependents
- Never buy any other insurance plans – no ILPs, endowments, etc
- There is no need for CI either – rate of payout is low, you should have enough cash to tide over
For small investors, our investment should be a mix of low-cost stock and bonds ETF. For Singaporean investors, that’s ES3 + IWDA and A35, respectively; make the percentages equal to “110 minus your age” in stocks, and the rest in bonds. Once a year, at the same time every year, rebalance your money – buy and sell to bring your stocks and bonds back to that “110 minus your age” proportion. And as Shiny Things always says, go to the pub.
For more information, please visit Joshua at his website: http://josh.sg/. He also wrote a book that details his recommendations. Details of his book can be found here: http://richbyretirementbook.com/. Or purchased from Indiegogo or Amazon.
Read about my take on other financial gurus from: