QUOTE(Shinichi @ Feb 9 2012, 12:20 AM)
Hi all, since I think all here been working in SG for some time (long or short), may I know where do you invest your money? MY or SG? And which area do you invest in?
Thanks.
Generall decision between MY or SG would depend where u intend to use your money in the future?
Are u goin to be for next 5 or 10 years? are u goin to buy property here? or are u goin to buy big property in Msia?
Unless u know between SGD or MYR which one will go up? i would think both have chances of goin up against each other.
Reason for SGD to go up -> interest rate very low, there's no other way than goin up. Int rate up, currency up.
Reason for MYR to go up -> a lot of infrastructure projects potential and they are oppening up to attract more FDIs. More FDI, more MYR demand, MYR go up.
Reason for MYR go up -> It is closely benchmarked to USD. USD go up, MYR go up. WHy USD go up? Cos it is a safe haven currency for western investor demanding treasury bonds, as opposed to EURO, GBP and arguably the other carry trade fav, Yen. Further, US economy looks more positive recently.
Reasons for MYR to go down -> gomen sucks, and will deter FDIs from pouring in.
the list will never end...
In terms of specifically what area to invest in MY or SG, I asked this before, but was suggested to open a new post under the Investment thread.
If u dun mind you can do the honour.