any suggestion bro ? except working in SG

if rm weak further... inflation will jump.. house price also jump.

All,

I am collecting a survey for my study, its about service quality, customer satisfaction and loyalty towards banking in Malaysia (i know its very jargon).

Please spend 5 minutes to answer the survey, its only 35 questions only!

https://www.surveymonkey.com/s/servquality

God bless all investor. Thanks

Dun keep RM. Can buy Oz with 3% for FD. If u know stock, buy stock.

This post has been edited by noblebaby: Dec 7 2013, 06:55 PM

side track abit, Oz worth to keep? I know based on history, oz dollar is stable...

with the rate RM3++

why not SGD?

newbie here

Haha. Maybe bro Soros can advice.

To me, if u keep 100-200k of Oz now is good time.

SGD is over valued at the moment and 0% interest.

This post has been edited by noblebaby: Dec 7 2013, 07:31 PM

100-200K OZ why volume does a matter here ?

10-20K can consider la, not for profit but prevent RM collpase like what mentioned above...haha....we are different level

This post has been edited by blowwater101: Dec 7 2013, 08:07 PM

Keep less will not help. rm will continue to depreciates slowly, killing u softly.

Only DJIA stock worth to invest, the real stock market.

If 10-20k can put in any time. If big amount, then vry sensitive to the exchange rate. Can monitor first.

Time to think about reno n furniture. By the way, hav u married bro?

This post has been edited by noblebaby: Dec 7 2013, 11:29 PM

The landed will be from RM500k. Nothing is cheap in cyberjaya.

CYBERJAYA: Government-owned Cyberview Sdn Bhd and diversified firm Gadang Holdings Bhd will team up for a RM1.06bil project here, to be developed over nine years.The project will comprise 794 units of the 1Malaysia Housing Programme, or PR1MA houses, 142 two-storey link houses, 340 stratified two-storey link houses, 1,074 apartment units and 150 government quarters.It also includes developing one plot of commercial land. The entire development will comprise four phases.Cyberview managing director Faris Yahaya said that earthworks were expected to begin in the first quarter of next year, with sales of the first phase starting in the third quarter.The first phase, he said, would comprise 325 units of PR1MA houses and 142 two-storey link houses, which would begin from RM500,000 each.“Cyberjaya has a total investment gross development value (GDV) of RM35bil to-date, and the GDV over the next five years is expected to be at RM20bil, with an RM8bil investment from Cyberview,” Faris said at the groundbreaking ceremony.He noted that apart from the PR1MA houses, all other housing units under the nine-year project would also be priced “more competitively” than similar properties in the market.Cyberview is the land owner of Cyberjaya Malaysia, an information and communications technology-focused township.It has the mandate to spearhead the entire development of Cyberjaya Malaysia, which currently hosts more than 700 companies.Gadang is its joint-venture partner-cum-developer for this development.Gadang executive director Kok Pei Ling said that details on the profit sharing for the project between the two parties were still being finalised.

Another way to flip currency at a much safer way (no leverage).
Can open dual currency accounts in Maybank or HSBC requesting them to convert from USD > AUD or MYR > AUD with a target rate. The money will be kept for 1 week, option to 1 month also can. If the spot rate upon maturity is lower than target rate, your money will be converted to the respective currency. If it doesnt, you will be paid 20-30% interest pending on term and currency pair.

For example, i just changed USD 100K into AUD last few days and put at 0.9083 with 7 days maturity.
Upon maturity, if the spot market rate is lower than my put, it will be converted to AUD 110.09K + 22% of interest p.a @ USD100K. If it doesnt, bank will pay me at USD 100K @ 22% p.a = USD 421.

Comparing to currency exchange over the counter, bank or money changer usually charge 200-300 pips different to spot market which is quite alot for some amount.



This post has been edited by Soros007: Dec 7 2013, 11:40 PM

Bro, U also play so safe? I thought only aunty use this method? Hehe.

Haha.... I used this method to convert my USD to AUD to pay my Aus mortgage. Flipping wise, still the conventional way - leverage.

Bro Soros, I did check with Citibank for this Dual Currency Account. They request the client to have net worth of RM3million assets in order to open the account....

By the way, what is conventional way to keep foreign currency and at the same time can earn some interest?

Put in FX FD lor...

The dual currency acc is more suitable for those who can hold both currencies at any time, in large amount. This method is more protective if wan convert large amount.

Errr... go for hsbc. Rm200k can open premier acc

This post has been edited by noblebaby: Dec 8 2013, 12:50 AM

FX FD interest rate is lower than 3% right?

I remember USD and SGD FD is 0%, AUD can go up to 3%?

We only interested in AUD. Yup. Zero interest for SGD n USD.

U can get slightly better rate with hsbc premier acc.

To open the hsbc dual currency acc u need income of more than rm300k pa or so.... Or net worth of > 3mil... or u can put in large sum into the dual currency acc. Can discuss with the RM. Got $, anything also can.

This post has been edited by noblebaby: Dec 8 2013, 01:05 AM

after buying SEG, don't have 200k to open premier acc la

anyway, thanks for your info

Bro, where do u work? How old r u? Own stay or investment? Where do u currently stay?

Currently work and stay in PJ. SEG for own stay and hope can find a good job in Cyber next time.