Of course. There’s more than one way to skin a cat. I have no grudges or negative feelings about those who find their successes in Malaysia. I just don’t understand why some would bear grudges against those who do overseas.

Your success doesn’t diminish mine in the least and I’m happy for you.

From the post I know you are very rich converting to MYR, good for you. you win some you lose some.

If one are to believes that he can be rich by just,
"Get to know your fund managers and invest in their funds", can always see and follow what stocks had been picked and are holdings by the UT fund managers from their monthly published fundfactsheets.

This post has been edited by MUM: Apr 27 2024, 10:15 AM

i'm not against you. i'm only against people who talk bad about Malaysia the country where they were born in

This post has been edited by jyll92: Apr 27 2024, 10:14 AM

I am talking about being realistic. If you hold ringgit currency, you would have seen your net worth erode with time.

then why hold ringgit? i have portfolio both in and out of malaysia the reason i invest in Malaysia is because dividend is not taxable at 2 levels and i need the passive to replace my active income.

This post has been edited by jyll92: Apr 27 2024, 10:19 AM

That's why I don't hold ringgit. The only ringgit I hold are my EPF, PRS and my emergency funds. Nothing else.

Just asking, is the taxes for those dividend earned can offset the depreciation of myr in your malaysia investment?

BTW, is dividend earned from fsi exempted from taxes till end 2026?

I hold that too includes my properties.
I believes some people holds their businesses in malaysia thus they holds their money myr too

As long as you don't bring the money back to Malaysia.

That is after dec26. Now is still OK.

I wasn't implying that you were, but thanks for clarifying. I happen to share your perspective - we should never forget from whence we came.

removed

This post has been edited by jyll92: Apr 27 2024, 10:45 AM

Age: 40+

Assets:
1property, value estimated 980k
2 cars value estimated 180k (local & japan)
liquid cash & equities (1.5M)
jewelries (200k)

Liabilities:
property loan ~700k
car loans ~130k

others monthly expenses:
business, household expenses

recently wanted to try to get a vacation home (condominium), but doesnt see the value appreciation (from data, feels more like a liability to my capital runway).
going to hold back.

But you just gave your reason is because of, ...."dividend is not taxable..." thing

This post has been edited by MUM: Apr 27 2024, 11:03 AM

Yea but it also need to have some sort of growth element. stagnant dividend is no use. For a company to give increased dividend. It needs to be able to have increase cashflow over time.

It's difficult for me to explain in detail maybe another day

This post has been edited by jyll92: Apr 27 2024, 10:55 AM

Good and a networth that can be an envy of many.
Just hope you had a good networth risk mitigation plan setup

Precisely my point. I use to be in the campast time as long as it pay dividend, it's góod enough for me. Not anymore.

Yeah, am taking note of the risk thingy.

My monthly expenses been raking up like crazy… almost sign the booking for the new house.

Really need to control self. And i also notice my working motivation has gone to shit…

I think better don't try to find the reason of why ringgit gone through depreciation. Don't try to be expert and try to analyze why currency fluctuate.

All of us don't get to choose where we are born. And many mindset are narrow as they don't get to see the world.

All of us choose the best for ourselves based on what we know. The less we know, the less limited options we have.


frankly speaking, working in SG still not the best choice. You may want to get to a better country when you can.

If one is selling time for money, why not sell for GBP, USD or EUR and then spend on MYR, VND, Baht, or whatever lower standard living country?

That is the best way to maximize your time currency.

bro, that is not stupid. If you can afford, just go ahead.

what you say its a fact but why you don't do it to the fullest? why still earning ringgit?