Not necessary putting into Malaysia's FD will do better than SG's FD. Due to interest rate parity, higher FD rate in MY than SG might be balanced with depreciation of RM against SGD.

Correct. That why the BIG assumption there.
If making $$ is that easy, we would be living in heaven.

Aloong how ? ceteris paribus & interest rate parity
month end soon aldi, want to change money and put ? conclusion is ?
put singapore or malaysia hehe ?

how about putting 50-50 to further decrese/increase the risk??

put in my account lar. I give u 20% return.
I lend people $9 dollar and collect back $13 the next day. My standard rate.
If they dun pay, I spray red paint lor.

but if u long term in Sg then put in SG lor. why risk the exhange rate?
only change to RM for those that u nid to spend in RM lor.

This post has been edited by Aloong: Aug 19 2011, 03:46 PM

ya lor so agreed with u
even thought msia savings rate is higher than singapore
your conversion already makan difference
some more
if u keep more cash in ur pocket
then easier for u to spend it all away
then nothing in ur pocket
and ur gf also ran away
XD

If you've money. Put in foreign FD in SG Banks. Rate much higher than local SGD currency. Especially AUD the highest now.

oic'
if put sgd 10K in AUD FB
then one month can get 30Dollar...
hmmm . . .
so so only lah

Only if you're confident that the AUD will not depreciate against the SGD over the term of the deposit.

---

Added on August 19, 2011, 8:49 pmPut your money into the 2 currencies according to how you will split your spending into RM and SGD.

Or you can take a position... ie. you believe that SGD will appreciate vs RM, then save in SGD. If you believe RM will appreciate vs SGD, then save in RM.

Me... I believe Malaysia is a failed country, and either BN or Malaysia will blow up sooner or later ... possibly both if the majority of Malays cannot accept the fact that bumiputra status means nothing if Petronas doesn't discover oil faster than the growth rate of Malay population and/or faster than the rate of decline of their already dismal productivity and creativity. So, I'll keep the majority of my savings in SGD and SG property. There's a reason why Singapore is (iirc) only second to Switzerland in terms of where the rich park their money.


This post has been edited by seantang: Aug 19 2011, 08:49 PM

The laptop I bough over to Singapore, does it need IDA approval for me to use there?

No. Not require.

One of the main difference between developed and developing countries.

If i am a Singaporean, I will vote for Tony Tan... how bout u guys?

my vote goes for Mr Tan Jee Say

f***ing hell yes(his the one) from his word compared to the others. Unless he was bullshitting ;p

FD in Vietnam = 14%

I will vote for Tan Jee Say. You already have a parliament with 97% PAP, 100% PAP cabinet and an admin service (ie. civil service elite) with 100% PAP cadres. I won't pay $4.3 million for a former PAP DPM to be President. If that's the case, might as well abolish the presidency and appoint Tony Tan as honorary DPM. That would be cheaper. There's absolutely no check and balance.

I will prefer Tan Jee Say too, cos coming from his background, he seems more entreprenurial / bsuiness mindset, which more capitalist and less socialist, hence good for "us".. .

I actually think Tan Jee Say will push a more populist agenda, and advocate the current sentiments of the Singaporean public. He will be anti immigration, foreign talent (more so than the other candidates) and pro-spending (ie. use of govt reserves for social and medical welfare).

hopefully singapore won't turned out as socialist and welfare state. singapore is built based on merit, charity and self-sufficiency. that's why singapore is more developed than malaysia. government welfare and affirmative action have bankrupted several developed countries (i.e: usa, greece, spain, ireland)

This post has been edited by quintessential: Aug 20 2011, 04:53 PM