On the other hand, one might wan to consider putting in forex FD

for eg (no brainer, the best of al. periodl) : AUD giving 4.5% (1month), 5.3%(12month)

assuming if u've entered the right time (say around 2.7x - 2.8x) and when it appreciates to (3.0-3.1) -> given the historical data of aussie is pretty strong

that's quite a return .

min placement (10k rm)

This post has been edited by kucingfight: Jun 15 2010, 12:00 AM

ya , well it's always about relatively speaking. those 'what IFs' , 'what IFs'. given that thet opportunity has 'passed', it's still not too bad goin in these times, 2.7-2.8x , well guess u've juz got to do with what u hav and hope it hits >3.0

it's 4.5%-5.3% ranging from 1month - 12month

so, depends on your strategy , either goin for 1month - 12months, exiting for profit taking, or juz parking it there long term for interest

refer to my post a few pages back, that's why i believe it's smart to invest in AUD (off course, do some homework and see the trends)

* assuming u enter it @ 2.7x-2.8x, it might be a good move, considering AUD is fundamentally strong hitting 3.0-3.1 .

for Public bank forex fd, u need min RM10k investment, per placement

interest multiplication is the same, makes no diff if u calculate in AUD or MYR

This post has been edited by kucingfight: Jun 24 2010, 12:44 AM

not really, not all Forex are worth investing. fundamentally, AUD is the best , period. off course, depending on the time u enter

why not? i myself bought AUD thru public bank. 5.3% interest, yet alone, in my case, i earned 11% from the rates itself. (off course depending on the rate u buy/sell)

yes as ronnie explained, cut whole story short, buy low..sell high. that's all

Even then, assuming AUD is fundamentally strong itself, a 5.3% FD is higher than our local 2.8%. (assuming rates do not change)

UOB bank

3.2% = 6months (min RM20k)
3.5%= 12months

Agreed, like me now, i bought @ 2.75 . Already earn around 11% just from the forex rates(excluding interest). yeah, wish could have invested earlier when AUD was @ 2.2xx ..damn..oh well..

dumb me but any catch?




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i think he's juz assuming there's a foreign FD which gives 9%, which in fact doesnt exist. the highest so far is AUD = 5.45%

This post has been edited by kucingfight: Apr 5 2011, 08:06 PM