Like I said earlier. I am scaredy cat. My guts cannot stomach such anxiety that comes with such investment/trading.
Bro, I don't have the money previously, how to invest? I would have loved to have invested back when USD 1 = MYR 2.9 but still no funds also la.
Then again, you're basing on hindsight. What if you expect MYR to strengthen in the future but instead it weaken further to USD 1 = MYR 5++? What if it stabilizes at USD 1 = MYR4.5 for the next few years? Then do you keep on waiting forever? I thought this is where the concept of DCA comes into play? Maybe the delta between the current forex rate and future might be rather big that infrequent DCA wouldn't be much of a help.
I don't know, since all these are things that I've read only and not actually experiencing it. Maybe those who have actual experience can chip in on their experience on how this will affect anything if the plan is for
long term holding. Just do note, I am not looking for short term gains nor am I looking into actual forex trading.
At the moment, I have not started with any broker. Still trying to get a feel of what each brokerage fee's and T&C are like before delving any deeper since local brokers have some sort of minimum trade requirement in order to avoid some fee on the divident or something (see, I still have to study more. So many things still in the gray area to me). If you have any recommendation, I would be very happy to listen. So far, in this thread, people have discussed foreign: TDAA, IB, DBS V, Standard Chartered SG and Maybank KE; local: iTrade, HLeB. (I think I've got them all here but then again, I may have missed a few)
you can include the calculation of buy ILP fund which act as feeder fund into us/world/etc fund (I know some of the local insurance company offer that in regular/single premium plan), just remember that the cost is quite high which about 5% upfront, 1.5% annual fee, and your cost of insurance and monthly fee (anyway, you can use your credit card to pay it and start with small amount).