i had to take a pretty complicated math and reading test (20 questions, all long ones) before i was allowed to invest my singapore version of the 401k. it was hard
the singaporean in me is very annoyed that i got 19/20. but this reminded me way too much of math exams and gave me some very bad flashbacks lol
sample question.
"Tommy used the savings in his CPF Ordinary Account to buy 10,000 shares of Company Z at $1.00 per share and incurred the following investment charges:
- $28 for broker’s commission
- $4.50 for SGX fees
- $25 for agent bank charges
One month later, Tommy sold the shares at a price of $1.08 per share. He also incurred the following investment charges from the sale of the shares:
- $28 for broker’s commission
- $4.50 for SGX fees
- $25 for agent bank charges
What was Tommy’s profit from his investment in Company Z? "
@skinnylatte And what is his revenue loss or gain, against the median for company Z's sector publicly-traded stocks?
@skinnylatte John Bogle spinning in his grave fast enough to electrify a small metropolis.
@matt haha there are no ways to bogle easily outside of US / EU
all the funds that track the bogle funds have super high expense ratios due to the expense of forex also, and no easy way to buy into US bogle funds