Main topics of the Felicia discussion: HDB purchase; eqMufu

— diversify .. I told Felicia I’m well-diversified but my concentration in property is too high to be comfortable.
Bonds .. only bond mufu. Bonds are a reliable, popular, useful asset class to consider. Remember the K.Hu discussion?
China .. not a lot of geographical allocation except the Beijing property. I think eqMufu is a reasonable idea.

— Felicia thinks net rental yield of 3-4% is not very high. eqMufu can beat that. In U.S. market I favor MOETF. In SG, without converting my excess SGD, I may need to be more serious about more eqMufu.

With caution against “100% into eqMufu” she pointed out that DIVA has generated 10% annualized return since inception. This is the fund manager’s claim, not her claim, she said. She’s personally very confident about DIVA, based on trec. I believe since inception, probably 3 years out of every 10 had negative returns.

Over the next 50 years, I believe SP500 would outperform most eqMufu including DIVA.