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 How much is your net worth?, gauging your financial performance.

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kremlin
post Apr 29 2024, 10:12 PM

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From: Malaysia
QUOTE(Ramjade @ Apr 27 2024, 10:22 AM)
That's why I don't hold ringgit. The only ringgit I hold are my EPF, PRS and my emergency funds. Nothing else.
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What is the best currency to hold as I am thinking moving away from MYR at the moment?
kremlin
post May 1 2024, 09:34 PM

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From: Malaysia
QUOTE(hksgmy @ Apr 29 2024, 10:20 PM)
I can’t tell you what is the best currency, but I can share with you the ones I carry at the moment - SGD, AUD, USD and NZD in order of decreasing amounts
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Thanks! May I know where you hold your currency? I am looking into RHB Multicurrency Account & HSBC
kremlin
post May 1 2024, 10:10 PM

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From: Malaysia
QUOTE(Singh_Kalan @ May 1 2024, 10:00 PM)
U can hold it at most foreign broker like FSMOne, Tiger,  MooMoo thru autosweep.  Basically the fund that u haven't invested will get interest.  USD @ >5%, SGD @ >3%.
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Thank you for your suggestion. I will look into that.

I am pretty new in investing. Anyone can suggest me where to start? Would prefer anything not in MYR tongue.gif
kremlin
post May 1 2024, 10:19 PM

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From: Malaysia
QUOTE(hksgmy @ May 1 2024, 10:16 PM)
The easiest (not necessarily cheapest) is to open an HSBC Global Currency Account. This is available if you are an HSBC Premier holder
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I checked the rate for HSBC and it is kinda high. I am checking out MooMoo now as I might want to invest in ETF or US Stocks.

 

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